Stellwagen closes new leasing agreements covering Malaysia, Mexico, Norway and Russia

Dublin, 20th December 2018 – Stellwagen Group has today announced the closing of a number of significant international aircraft leasing transactions. This includes two Airbus A320 aircraft, which are on lease to the Mexican owned Interjet Airlines. In addition, the company has acquired an A330–300 on lease to Air Asia and a Boeing 737-800 on lease with Norwegian Airlines. The three narrow body aircraft were manufactured in 2017 and the widebody was manufactured in 2015. These are the latest additions to Stellwagen’s rapidly growing portfolio.

Stellwagen is also announcing the closing of a fifth aircraft, an Airbus A321, which is on lease with Red Wings airlines in Russia, as part of its joint venture with Canadian private equity group Almada Inc., based in Toronto.

David Butler, Group CEO, Stellwagen Group, said: "The Stellwagen Group is very pleased to announce the closing of these five aircraft. We are now well positioned to further develop our leasing pipeline, along with our growing international presence as we head into 2019.”