News / Events
October 2015

AFC’s Parent, Stellwagen, Acquires Volito Ireland

Stellwagen Finance Company, the parent company of Aviation Finance Company Limited (AFC), today announced the purchase of Volito Aviation Services Ireland Limited (VASIE), the Irish subsidiary of Swedish based Volito Aviation Services AB. VASIE will be renamed Seraph Aviation Management Limited (Seraph) and will remain headquartered in Dublin. This acquisition represents another step in the expansion of Stellwagen’s aviation business. Seraph’s management team will include Eugene O’Reilly, the newly appointed Chief Executive Officer; Edward Hansom, Chief Investment Officer, Edward Coughlan, Chief Commercial Officer; Stephen Coyle, Chief Technical Officer and Catherine Power, General Counsel. Eugene O’Reilly said, “Our customers will surely benefit from the talented and experienced team that we have developed over the years. I am looking forward to working in coordination with AFC, offering our customers expert financial and aircraft management solutions.” Douglas Brennan, Chief Executive Officer of AFC...

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AFC parent, Stellwagen arranges sale of Emirates A380 to Magi Partners

London--based aviation finance arranger Magi Partners, working in conjunction with its Seoul-­‐based joint venture partner Youjee Partners, has arranged the purchase of an A380-­‐800 on lease to Emirates from Stellwagen Finance Company Limited, the holding company for Aviation Finance Company (“AFC”). AFC initially arranged 100% of the bridge capital for Magi Partners and Youjee Partners, facilitating the lease novation and sale. Magi Partners and Youjee Partners have placed the operating lease for the A380-­‐800 entirely with the Korean institutional investor market by means of a private placement with a group of Korean non-­bank financial institutions, investing through a Korean fund structure. This transaction marks the first A380-­‐800 operating lease financed entirely by Korean investors. Lease management services to the Korean investors are being provided by Magi Partners Aircraft Management Limited (“MPAM”). Yulchon LLC (Seoul), Clifford Chance (Singapore) and Walkers (Cayman)...

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