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.