Securitization Includes 28 Commercial Jets for 22 Airlines Business Editors & Aviation Writers SAN FRANCISCO, Calif.--(BUSINESS WIRE)--April 4, 2000--Pegasus Aviation Inc., the world's largest privately held commercial aircraft lessor, today announced that it has issued a $938 million lease securitization for 28 commercial jet aircraft. The securitization focuses on the B757-200ER, and also features the B727, B737, B747, B767, B777, MD80, MD-11F and the Airbus A320. The weighted average initial lease term remaining in the portfolio is approximately six years, while the weighted average initial age of the aircraft is approximately 7.5 years. Air Canada, Aeromexico, China Southern, GRUPO TACA, KLM and TWA are among the 22 airlines on four continents to become lessees. The notes issued in the securitization have not been registered under the Securities Act of 1933 and may not be offered or sold in the United States absent registration or an applicable exemption from registration requirements. This news release is not an offer to sell or the solicitation of an offer to buy the notes. Founded in 1988, Pegasus Aviation Inc. has become one of the top-tier operating lessors by delivering high-specification commercial passenger and cargo jet aircraft to the global airline industry. With more than 200 passenger and freighter aircraft on lease to 60 different airlines worldwide, Pegasus owns one of the largest fleets within the leasing industry. For more information, log on to www.pegasusaviation.com.
Pegasus Aviation Issues $938 Million Aircraft Deal; Lease