Aircraft trading and remarketing specialist Avinco has arranged the sale of a Boeing 777-200ER to a fund managed by TPG Credit, as well as arranging the onward lease to Orenair on behalf of Air Austral.
The 1999-vintage aircraft (MSN 28676) is the third ex-Air Austral 777-200ER to join the Russian carrier. Orenair has previously taken delivery of two 777-200ERs leased from ILFC.
"The Pratt-powered 777-200ER market is extremely niche so we are delighted to have found a solution for the continued operation of this aircraft," says Avinco chief executive Francois Gautier.
"This deal exercised both our lease placement and cash sale placement capabilities and involved three parties, so was a complex deal to manage. This is the third aircraft we have successfully sold for Air Austral and our second placement in Russia this year."