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Fifth Street Finance-backed First Star expands fleet with aircraft acquisition

First Star Aviation, which is backed by Fifth Street Finance Corp., has acquired two A320-200 aircraft. No financial terms were disclosed.


PALO ALTO, CA, Oct. 29, 2014 — First Star Aviation LLC (“First Star”), a portfolio company of Fifth Street Finance Corp. (NASDAQ: FSC) (“FSC”), announced today the acquisition of two narrow body aircraft.

First Star, through its Irish and Bermuda subsidiaries, purchased two mid-life A320-200 aircraft (MSNs 2345 and 2207) on long-term leases to SriLankan Airlines and Barcelona-based Vueling Airlines S.A. First Star’s current fleet of eight aircraft include the 737-800, A320-200, 767-300 and 757-200 platforms on lease to seven different carriers.

Pradeep Hathiramani, Head of First Star, commented, “Through a selective portfolio strategy approach, First Star is actively building a well-diversified fleet of widely used commercial jets with a globally diversified lessee base of major international airlines.”

About First Star Aviation LLC
First Star Aviation LLC and FSC’s other aviation affiliates are focused on acquiring and leasing commercial aircraft to operators around the world. First Star is a portfolio company of Fifth Street Finance Corp. (NASDAQ:FSC), a publicly-traded business development company with over $3 billion in committed capital.