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Dunas Capital invests 100% of the Dunas Aviation fund in a USD400m portfolio of 12 aircraft

Dunas Capital, an independent real estate and asset management platform, has invested 100% of the €104 million raised by its Dunas Aviation I FCR and Dunas Capital Aviation SCR vehicles, with which it has created a diversified portfolio of 12 commercial aircraft with a value of approximately USD400 million.

This is the first fund focused on this type of asset class that has been ever marketed in Spain.

Dunas Capital launched these private capital vehicles in January 2020, before the Covid-19 crisis, with the objective of investing in commercial aircraft on long-term lease to first tier airlines. The fund’s investor base comprises both institutional (insurance companies, pension funds, mutual funds, provident societies, etc) as well as private investors, after the Dunas Capital Group reached an exclusive distribution agreement with a leading private banking network.

As part of the strategy of reaching agreements with government-supported airlines, two deals were closed with the Portuguese airline TAP for two Airbus A321 LR Neo and one with Qatar Airways for a Boeing 787 Dreamliner. In addition, as part of the deals with airlines focused on domestic traffic, the management team chose to invest in two Airbus A220-100 for the US based carrier Delta Airlines and seven A321s for Cebu Pacific, the Philippine leader in domestic traffic between the country’s islands. 

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