Stratos to acquire Magi Aviation Capital
Stratos, a leading independent aircraft investment specialist, has today reached an agreement to acquire Magi Aviation Capital (“Magi”), a fellow independent aircraft finance specialist and aircraft asset manager, and its various subsidiaries.
The all-cash deal, which has recently received regulatory approval from the UK Financial Conduct Authority, will see Stratos acquire Magi in its entirety, and is expected to be completed in the coming weeks.
As part of the acquisition, Stratos will inherit management contracts of four aircraft (comprising one A380 and three 777’s, excluding pipeline) leased to leading Middle Eastern airlines. This takes Stratos’ managed portfolio to over 60 aircraft worth $3bn with annual rental receipts in excess of $300m.
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6 March 2023