BlueFive Capital has launched BlueFive Leasing, a dedicated aircraft leasing and asset management platform headquartered in Muscat, Oman.
The new platform will begin raising capital for its first investment vehicle, BlueFive Wings Fund I, with the goal of securing commitments of more than $1 billion in commercial aircraft assets.
Blue Five Capital was founded by Hazem Ben Qassem, former co-head of Middle Eastern alternative investment firm Investcorp. Its Omani entity, BlueFive Capital Majan SPC, was established in October last year. Oman’s sovereign wealth fund is also a founding shareholder.
Aimed to capitalize on the continued growth in air travel in the MENA and Asia regions, the company said in a statement on Thursday that the platform will focus on leasing both narrow-body and wide-body aircraft of all ages to a diverse portfolio of high-quality airline customers around the world.
BlueFive Leasing is a partnership between BlueFive Capital and one of Oman’s sovereign institutions.
(Writing: Brinda Darasha; Editing: Sevan Scalia)
brinda.darasha@lseg.com
