First Star Aviation, a portfolio company of Fifth Street Finance, announced the acquisition of two narrow body aircraft.
First Star, through its Irish and Bermuda subsidiaries, purchased two mid-life A320-200 aircraft (MSNs 2345 and 2207) on long-term leases to SriLankan Airlines and Barcelona-based Vueling Airlines S.A. First Star’s current fleet of eight aircraft include the 737-800, A320-200, 767-300 and 757-200 platforms on lease to seven different carriers.
Pradeep Hathiramani, head of First Star, said, “Through a selective portfolio strategy approach, First Star is actively building a well-diversified fleet of widely used commercial jets with a globally diversified lessee base of major international airlines.”
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