Voyager Aviation Holdings (VAH) signed a purchase agreement of $300 million with an aircraft leasing firm for seven young and in-production aircraft, all of which are on long-term leases with airlines.

The assets include two Airbus A321-200s, two Boeing 737-800s, two Airbus A320-200 and one Boeing 787-8. The average age is eight years with an average remaining lease term of five years.

“These aircraft represent a new opportunity for us to deploy fresh capital and be responsive to the market dynamics created by the upheaval in the aviation market,” Hooman Yazhari, executive chairman of the board of managers of VAH, said, “This allows us to be in an excellent position to best serve our existing and growing customer list.”

These aircraft will join VAH’s fleet in 2022, are valued at $300 million and will be initially financed under the company’s secured revolving warehouse facility, which closed in late February. This acquisition represents one of the largest single growth initiatives in the company’s 30-year history.

“This transaction is evidence of our continued support of the VAH platform and confidence in the new management team.” Tim Horan, principal investor at BlueBay Asset Management, said. “We believe the platform is well positioned to take advantage of the current market environment and we are excited to deepen our partnership.”