This transaction is a significant milestone for Aura Group in Asia, especially in light of market conditions created by COVID-19.
Aura Aviation Fund 1 Successfully Divests Boeing 737-800 Aircraft
Aura Aviation Fund 1 which acquired a structured majority interest in one Boeing 737-800 aircraft, has completed the successful divestment of the aircraft.
Aura Group (Singapore) Pte Ltd (“Aura”) is pleased to announce that Aura Aviation Fund 1 (“AAF-1” or “Fund”), which acquired a structured majority interest in one Boeing 737-800 aircraft on lease to a major European airline group, has completed the successful divestment of the aircraft.
Despite the coronavirus pandemic upending the airline industry, halting travel and grounding planes, the lessee was able to fulfil the contractual lease obligations before the aircraft was sold. AAF-1 anticipates to generate a positive return for its investors and aims to provide a final distribution before end of February 2022.
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Aura Group subsidiaries issuing this information include Aura Group (Singapore) Pte Ltd (Registration No. 201537140R) which is regulated by the Monetary Authority of Singapore as a holder of a Capital Markets Services Licence, and Aura Capital Pty Ltd (ACN 143 700 887) Australian Financial Services Licence 366230 holder in Australia.