Stellwagen Korea completes first transaction

Dublin 10th December 2018 - Stellwagen Korea has completed its first transaction for the Korean market in conjunction with Meritz Securities Korea. The transaction involves the acquisition of one Boeing 777 - 300ER aircraft, on lease to Qatar Airways.

Seraph Aviation, the aviation asset management company of Stellwagen Group and headquartered in Dublin, is acting as the servicer for the aircraft.

Stellwagen Group opened a branch office in Seoul, South Korea, in August 2018 to further service the Korean market.

David Butler, Group CEO, Stellwagen Group, said: “We are very pleased to have reached this agreement having recently opened in the Korean market. The transaction is an indication of the great opportunity that exists in the region and Stellwagen Korea looks forward to an announcing further such initiatives in due course.”