27 June 2025 – Dublin, Ireland: IAT Leasing Limited (“IAT”) is pleased to announce the successful acquisition of a portfolio of nine narrowbody aircraft from Zephyrus Aviation Capital. The portfolio comprises a mix of Boeing and Airbus aircraft types leased to eight airline operators across North America, Europe and Asia. The aircraft were acquired on behalf of funds managed by Blue Owl Capital (“Blue Owl”) and financed via a senior secured loan facility provided by PK AirFinance.

Martin Browne, CEO of IAT Leasing, commented This transaction marks another important milestone in the growth of our platform. We are pleased to expand our footprint across three continents with a well-diversified set of lessees and aircraft types. We thank Zephyrus Aviation Capital trusting us to execute this complex transaction, Blue Owl for their continued support and commitment to our partnership, and PK AirFinance for facilitating a seamless closing.”

Magnus Stephensen, Chairman of IAT Leasing added “This transaction reflects IAT Leasing’s continued commitment to growing a globally diversified portfolio of in-service narrowbody aircraft. The acquired portfolio features well-established lessees across multiple jurisdictions, reinforcing IAT’s strategy of delivering stable, long-term cashflows supported by high-quality credit counterparties.”

Ivan Zinn, Head of Alternative Credit at Blue Owl, added The Blue Owl Alternative Credit team is excited to continue growing its aircraft portfolio with IAT Leasing.  This transaction demonstrated the team’s ability to navigate a high degree of complexity across geographies and operators to provide a comprehensive capital solution to Zephyrus Aviation Capital.”

Marijn Kappen, Chief Commercial Officer at Zephyrus Aviation Capital said: "This portfolio sale delivered on a substantial part of the main aviation fund for our investors. The transaction with IAT and Blue Owl was executed efficiently, timely and in a practical manner, allowing all parties to maximise results. We look forward to working with IAT and Blue Owl on future opportunities.”