Investment Vehicles Managed by New York-Based Marathon Asset Management Announces Purchase of Boeing 737-800 on Lease to Comair of South Africa with servicing provided by Altavair
New York, New York, February 16, 2017 — Investment vehicles managed by New York-based investment adviser Marathon Asset Management, L.P. completed the purchase of one B737-800 from Global Knafim Leasing. The 1999 vintage aircraft is on lease to Comair through 2021 and marks the second Marathon B737-800 leased to the South African airline. Marathon has engaged Altavair L.P. to act as the servicer.
“We appreciate this opportunity to expand our relationship with Comair,” said David Arzi, Senior Managing Director at Marathon. He added, “It also marks our first deal with the Altavair management team and we look forward to partnering with them again to identify new commercial aircraft investment acquisitions.”
Altavair CEO Steve Rimmer commented, “Marathon has been a significant player in the aircraft leasing space the past two decades and we are very pleased to team with them on this transaction.”
About Marathon Asset Management, L.P.
Marathon Asset Management, L.P., established in 1998 is a global credit manager with approximately $13 billion of capital under management opportunistically investing in the global credit and fixed income markets. For more information, please visit www.marathonfund.com.
About Altavair L.P.
Altavair L.P. is an asset manager focusing on the acquisition of new and used commercial aircraft for leasing to domestic and international passenger airlines and cargo operators. Since its inception in 2003, Altavair has completed over $8 billion in commercial aircraft lease transactions with over 40 customers in 27 countries representing over 200 individual Boeing and Airbus aircraft. Altavair maintains offices in Seattle, London, and Singapore. For more information, please visit www.altavair.com.