Azorra sells two Boeing 777-300ERs to FPG Amentum

Fort Lauderdale, Florida, USA

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Azorra is today announcing the sale of two Boeing 777-300ERs to FPG Amentum, a Dublin-based aircraft asset manager. Both aircraft (MSN 61730/61731) are on lease to Philippine Airlines (PAL), the flag carrier of the Philippines. 

Eliane Cotran, Vice President – Commercial at Azorra, says: “The sale of these Boeing 777-300ERs demonstrates Azorra’s ability to trade across many different asset types. By leveraging strong industry partnerships, transactions like this are key to executing our growth strategy, and redeploying capital into areas where we see attractive opportunities. We would like to thank the FPG Amentum team for their efforts throughout this transaction.”

Damon Connery, Chief Operating Officer, FPG Amentum, says: “We are pleased to partner with Azorra on the acquisition of these two Boeing 777-300ER aircraft on lease to PAL. This transaction reflects our continued commitment to investing in high-quality, in-demand assets, and supporting leading carriers such as PAL. We value the collaborative approach taken by Azorra and look forward to building on this relationship in future opportunities.”

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ABOUT AZORRA

Azorra is a relationship-driven aircraft lessor that provides leasing, financing, fleet transition and asset management solutions to aircraft investors, financiers and airline operators worldwide. Azorra’s multi-cultural team reflects the global markets that we serve and includes core competencies in aviation law, aircraft finance, maintenance, marketing, sales and leasing.

Our team is led by seasoned veterans having a shared history of success and is complemented with young professionals who bring fresh perspective, ideas and enthusiasm. Azorra currently owns and manages a fleet of more than 150 aircraft and engines. Including commitments and orders for new Airbus A220-100/300 aircraft and Embraer E190/195-E2 aircraft, Azorra’s total fleet exceeds 280 assets. The company is headquartered in Fort Lauderdale, Florida, and has an office in Dublin, Ireland.