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L1 Treasury and Airborne Capital Commit US$250m to Launch of AltitudeOne Aviation
L1 Treasury manages the liquidity and financial investments of LetterOne an international investment business with net assets in excess of US$25bn . L1 Treasury combines a portfolio of liquid fixed income securities with investments in the financial markets, both direct and via hedge funds, along with long term higher yielding investments in real estate and other real and financial assets and direct loans.
Airborne Capital was launched in November 2017 with a strong industry experienced management team, and with substantial backing from FEXCO Group, Ireland's largest privately owned financial services company and Natixis Investment Managers. The company has aggressive plans to grow the business to have aircraft asset under management of over US$5bn within the first 5 years of being set up.
The commercial aviation industry is predicted to double the size of its fleet in the next 20 years on the back of growing passenger demand (4.7% per annum until 2036*). This growth will require significant funding from traditional and non-traditional sources and AltitudeOne Aviation will be a part of this funding solution.
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Source: Boeing CMO