Dublin, Ireland, November 2, 2022 -- PIMCO, one of the world’s premier fixed income investment managers,
has reached an agreement with the former senior executives at GECAS, PK
AirFinance and DVB to create High Ridge Aviation — an aviation asset manager in
the commercial aviation industry principally focused on arranging and
structuring competitive financing and liquidity solutions to commercial airline
operators globally. Additionally, LR AirFinance — a subsidiary of High Ridge
Aviation — will originate and manage secured aviation loans to support the
needs of airlines, lessors, and manufacturers across the globe.
Greg Conlon, the former head of GECAS, is the CEO of High Ridge
Aviation and is joined by industry veterans with deep, specialized experience in
aviation finance. Having previously worked together principally at GECAS and PK
AirFinance, each member of the High Ridge Aviation leadership and management team
is among the most respected professionals in the industry.
I am exceptionally honored to be leading this select team and
delighted to partner with a premier institutional investor such as PIMCO in
this strategic relationship,” said Mr. Conlon. “Our founding principals have a proven track
record of success, and we are eager to again deliver unparalleled, innovative
and client-focused results.”
Aircraft remain an attractive asset class in a critical
infrastructure sector supported by solid long-term growth drivers,” said Dan
Ivascyn, PIMCO’s Group Chief Investment Officer. “We have a longstanding
investment strategy in aviation finance and our partnership with High Ridge
Aviation will help provide essential liquidity and financing solutions.”
High Ridge Aviation’s global reach together with PIMCO’s deep and
broad investor base will offer a wide range of competitive, tailored liquidity
solutions to meet the needs of a diverse set of airlines, lessors,
manufacturers and industry partners worldwide over many years.
A full-service asset manager with extensive in-house capabilities,
High Ridge Aviation will focus on financing for modern, fuel efficient aircraft
as well as attractive opportunities in cargo, mid-life and engine asset
markets.