By Jennifer Kang
01 Apr 2021
Investors are expecting the wave of consolidations in the aviation sector to continue beyond the GECAS-AerCap merger as smaller lessors look for ways to survive and bigger players seek for investment opportunities. The most recent example is Carlyle Aviation’s acquisition of Fly Leasing, another deal that highlights the monumental changes occurring within the aircraft sector in the midst of Covid-19. Just in March, two significant acquisitions occurred in the aviation sector, starting with AerCap’s acquisition of GECAS on March 10. The combined company will create an aviation giant with over 2,000 owned and managed aircraft, over 900 engines, and 300 helicopters, according to a statement from
Carlyle Aviation Partners to Signs Agreement to Acquire Fly Leasing Limited | Carlyle Aviation Partners to Signs Agreement to Acquire Fly Leasing LimitedFinancial Buzz
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Carlyle Aviation Partners to buy aircraft leasing firm in $2 36 billion deal
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Amid Pandemic, Air Senegal Expands Wings
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Air Senegal is determined to revive its fortune. In the wake of the second wave of a pandemic sweeping the continent, the flag carrier is showing signs of recovery. Post-crisis. The airline company announced it would stretch its wings beyond its normal routes. The carrier is set to commence flights to Milan in February, to Lyon on March 28, and possibly to Washington and New York before the fall of 2021:
“The mission and the overall strategy of Air Senegal do not vary”, says Kane Ibrahim, the Chief Executive Officer of the airline company. “There is consistency. It’s about efficiently managing the accelerated growth of the airline.” Continuing, Kane noted that “We remain focused on our mission. The success of Air Senegal’s development strategy will depend on fuel costs, human resources, finance, maintenance, training and how we put forth our expertise and know-how.”
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The Carlyle Group s lending division has been a major focus of the firm s CEO, Kewsong Lee.
The credit team has nearly doubled its assets under management over the past four years.
These are 14 people leading Carlyle s $53 billion lending division.
One of Kewsong Lee s biggest priorities as CEO of The Carlyle Group has been to build out a lending division that offers new financial products for investors and serves as a true equal to its long-standing private-equity team, which has bought thousands of companies over its 34 years of existence, from the luxury fashion brand Golden Goose to the digital-content company Getty Images.