Netherlands-based aircraft lessor Debis Airfinance is looking to expand its portfolio, possibly doubling it, following a buyout by private-equity investor Cerberus, writes Helen Massy-Beresford.

Debis Airfinance currently has as many as 500 aircraft available across its bases in Amsterdam, Shannon and Fort Lauderdale, but owns or manages around half that number. “We have the capability to double this fleet using existing administrative operational resources,” chief executive Klaus Heinemann says. “This is something that could be feasible within the timeframe of the next two years. It would involve the purchase of new and used aircraft individually and as portfolios.” He adds that the company is in talks with Airbus and Boeing over the purchase of new aircraft and is discussing the purchase of used aircraft with “various parties”.

“A lessor of our size needs a diversified portfolio. Our main focus is on the A320 and Next Generation 737 family,” Heinemann says, adding that the company will consider other purchases, such as older aircraft or widebodies, “as and when opportunities arise”.

Cerberus Capital Management completed the acquisition of Debis Airfinance’s share capital and some debt from former shareholders Bayern LNB, DaimlerChrysler, Dresdner Bank, DZ Bank and Hypovereinsbank for an undisclosed sum in early July.

Source: Flight International