Lawyers from Carey Olsen’s corporate and investment funds practice in Jersey have acted for Falko Regional Aircraft Opportunities Fund LP and Falko Regional Aircraft Opportunities Fund II LP (the Jersey Funds) in relation to a proposed sale by affiliates of Fortress Investment Group LLC (Fortress) of Fortress’ equity interests in those funds to Chorus Aviation Inc (Chorus).
The sale, which is valued at approximately USD855 million (including debt and cash assumed), includes Falko’s asset management platform and equity interests in 126 owned and managed regional aircraft.
The combined company will have a total of 353 owned, operated, and managed regional aircraft with 32 airline customers in 23 countries. It will be led by Jeremy Barnes as Chief Executive Officer.
The sale is subject to applicable regulatory approvals and customary completion requirements and is expected to close in the second quarter of 2022.
