Petrus Aviation announces strategic partnership with Aerovista for the A321 Freighter project
FOR IMMEDIATE RELEASE
Aerovista, a global aviation asset manager and lessor based in Dubai, United Arab Emirates, is pleased to announce that it has strategically partnered with Petrus Aviation for its A321 freighter conversion project with the goal of converting a total of four A321-200 aircraft.
“We are excited to announce this joint venture with our partners at Petrus Aviation and look forward to our entrance into the cargo market. We are confident this partnership will allow us to expand our mutual business, leveraging on our decades of experience in aviation asset management and technical expertise to deliver these aircraft to our clients. We are pleased to do so alongside highly sophisticated aviation finance experts such as Petrus Aviation.” – Apandi Lakhiyalov, Chairman and Managing Director.
Petrus Aviation, is a leading provider of aviation financing and since 2003 has financed over 150 aircraft across almost every segment of commercial aviation. Their investments include aircraft and engine leasing, trading, part-outs, freighter conversions and more. They offer world-class advisory services and market knowledge through their highly sophisticated family office investing platform.
“Investing in the A321 freighter program marks yet another milestone in our expanding aviation investment program, especially in the freighter sector, after successfully completing numerous B757, B737 Classic and -800 conversions, and a variety of turboprop freighter conversion projects. The A321 offers some compelling economics to cargo operators, and we are particularly pleased to be working with Aerovista and their operational expertise in the A320 family at the groundbreaking stage of this freighter program. We look forward to a long and fruitful partnership”, said C.J. Lorio, President of Petrus Aviation.
The first two aircraft under this partnership, MSN 1451 and 1503, will be converted with 321 Precision Conversions and are scheduled to be inducted in the first and second quarter of 2023. We have strong confidence in 321 Precision Conversions’ design and delivery capabilities, having converted over 150 757-200PCFs to date, they have a deep understanding of the market and a history of excellent product support and quality.
The partnership was formed with the help of Chief Executive Officer and Founder of OBEX Securities LLC, Randall Katzenstein, who served as the lead advisor on the deal. OBEX Securities, part of OBEX Group is a New York based SEC licenced broker dealer and investment bank, member FINRA/NFA/MSRB/SIPC with over 30 years of experience in the securities industry.