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Almada Inc. (Almada) has announced the successful launch of its first fund, Almada Aircraft Opportunity Limited Partnership, having raised $80 million in its first tranche.
The fund is investing in mid-life, narrowbody and special purpose aircraft.
To date, Almada has acquired three aircraft (two Bombardier Q400s and a Basler BT67) and has two other aircraft under contract (a Boeing 737-800 and an Airbus A321-200), which is expected to close this month.
Almada is in the process of sourcing additional aircraft.
Stellwagen Group, which has expertise in sourcing and leasing aircraft, has been retained by Almada to complete the transactions and to continue as Almada’s aircraft servicer.
“Almada is delighted to launch its first fund,” said Martin Goldfarb, co-founder and chairman, Almada.
“We are actively protecting and growing our partners’ capital alongside our own by investing in sectors that we believe will outperform. This first fund is focused exclusively on aviation finance, and we plan to launch additional funds in other attractive verticals.”
“Aviation finance is unique in that the assets are secure, movable and global,” said Alon Ossip, co-founder and chief executive officer, Almada. “It is a very attractive business–growing rapidly in size, with strong lease yields and strong air travel demand. Almada will continue to grow its role in the supply chain by making opportunistic secondary market purchases of in-demand and in-production narrowbody aircraft.”
