Wings Capital buys aircraft from Airbus S.A.S.

Wings Capital Partners said Tuesday it acquired its sixth aircraft, a 2002 Airbus A320-200. Financial terms weren’t announced. Wings purchased the aircraft from Airbus S.A.S. and has leased it to Iberia Express. In a separate release, Wings said it closed a $200 million loan from Wells Fargo Bank NA; the loan can be upsized to $300 million. Wings said it will use the loan to buy a portfolio of mid-life narrow body aircraft.

PRESS RELEASE #1

NEWPORT BEACH, Calif.–(BUSINESS WIRE)–Wings Capital Partners announced today the purchase of a 2002 Airbus A320-200 adding to their growing portfolio. The aircraft was purchased from Airbus S.A.S., through their Asset Management Group and was subsequently leased to Iberia Express.

“This acquisition builds upon long standing relationships we have with Airbus and we are delighted to have closed this transaction together,” says Christopher Dennis-Meyer, Managing Director of Wings Capital Partners. “We are pleased to be leasing the aircraft to the Iberia Group and we look forward to a long-term and growing partnership with the airline.”
About Wings Capital Partners
Founded in 2013 by R. Stephen Hannahs and Two Sigma Private Investments, Wings Capital Partners Management makes targeted, non-passive equity investments in commercial aircraft, related assets and aviation companies, with a focus on the mid-life narrow body commercial aircraft sector.
About Iberia Express
Iberia Express, a subsidiary of Iberia, operates short and medium-haul routes and provides direct traffic as well as feeding Iberia’s long-haul network. Iberia Express is a member of Oneworld, an alliance of eleven airlines, which offers passengers 14,000 flights per day to around 1,000 destinations in 150 countries.

PRESS RELEASE #2
NEWPORT BEACH, Calif.–(BUSINESS WIRE)–Wings Capital Partners announced today the closing of a $200 million secured loan facility with Wells Fargo Bank, NA. The six year loan facility contains a revolving period of two years and can be upsized to $300 million. The facility will be used to acquire a portfolio of mid-life narrow body aircraft.

“We are very pleased with the support Wells Fargo has shown to Wings Capital Partners with the closing of this loan facility,” says R. Stephen Hannahs, Managing Director and CEO of Wings Capital Partners. “This facility demonstrates the confidence of the banking community in our business and capabilities.”
About Wings Capital Partners
Founded in 2013 by R. Stephen Hannahs and Two Sigma Private Investments, Wings Capital Partners makes targeted, non-passive equity investments in commercial aircraft, related assets, and aviation companies, with a focus on the mid-life narrow body commercial aircraft sector.
About Two Sigma Private Investments
Two Sigma Private Investments (TSPI) is the private markets investment division of Two Sigma. Since 2008, TSPI has focused on making investments in private equity, credit & special opportunities, real assets and venture capital primarily on behalf of proprietary capital of Two Sigma. The TSPI team is comprised of experienced professionals investing both directly and in partnership with other successful investment managers. TSPI seeks to capitalize on advantages afforded by its flexible capital approach and the strengths of the Two Sigma platform, while benefiting from Two Sigma’s highly disciplined, institutional management. For more information please visit: www.twosigmaprivateinvestments.com.