Securitization Includes 28 Commercial Jets for
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.
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