Monaco, 4th June 2024 | Stratos, a leading aircraft investment specialist and asset manager, today announces the delivery of a Boeing 737-800 on long term operating lease to SunExpress, a joint venture of Lufthansa and Turkish Airlines, in the frame of SunExpress’ continuous fleet expansion.

The aircraft (MSN 39006) is owned by a Japan-based investor and was recently redelivered from Norwegian and transitioned to SunExpress following Stratos’ take-over of the aircraft as asset manager. This process involved oversight of the redelivery of the aircraft, sourcing replacement CFM56-7B engines, raising a senior loan from PK Airfinance, securing a new lessee, structuring and managing the MRO and ferry actions required to deliver the aircraft to Türkiye.

Gary Fitzgerald, CEO of Stratos said “The Stratos team is delighted to welcome SunExpress as our newest airline partner. Reconstructing an aircraft which was the victim of a Covid-era restructuring has been an immense challenge and showcases the exceptional skills of our technical, legal, structuring, financing and commercial teams. In this respect, the SunExpress team has been extremely professional and collaborative and we look forward to a long and successful relationship.”