The aircraft are being acquired by a joint venture between Corrum Capital and Icelease, set up to capture aircraft cargo conversion opportunities. This JV is an expansion of an existing partnership between Corrum and Icelease.
Corrum Capital Management LLC is a US-based, independent, private investment firm that takes an active and asset-level approach to cashflow-oriented investing, with an emphasis on downside protection, low market correlation and diversifying characteristics.
Icelease is a full-service aircraft lessor and aircraft trading facilitator, specializing in structuring aircraft investment projects.
The facility demonstrates Investec Aviation’s asset knowledge and ability to provide innovative and bespoke solutions, with the facility having a re-drawable element to cover any capital needs during the conversion process and related maintenance work. The facility also incorporates a remarketing period to allow Corrum Capital and Icelease to place the converted aircraft on lease.
For further information, please contact:
Luke O’Mahony
07759 067 914
About Investec
This press release is issued on behalf of Investec Bank plc. Registered address: 30 Gresham Street, London, EC2V 7QP. (Reg No. 489604). Investec Bank plc (Reg. no. 489604) is authorised by the Prudential Regulation Authority and regulated by the Financial Conduct Authority and the Prudential Regulation Authority.
Investec partners with private, institutional, and corporate clients, offering international banking, investment and wealth management services in two principal markets, South Africa and the UK, as well as certain other countries. The group was established in 1974 and currently has approximately 8 200+ employees. Investec has a dual listed company structure with listings on the London and Johannesburg Stock Exchanges.