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Stock impact report

AerFin and Turning Rock partner on Airbus A320neo acquisition [Yahoo! Finance]

Orix Corp Ads (IX) 
US:NYSE Investor Relations: orix.co.jp/grp/en/ir
Company Research Source: Yahoo! Finance
acquisition of three Airbus A320neo airframes in collaboration with private investment company Turning Rock Partners. The deal will see the aircraft integrated into a revenue pooling framework, with AerFin responsible for managing the dismantling, maintenance, and distribution of parts. AerFin operates logistics centres in the UK, the US and Singapore, providing support to airlines and maintenance organisations worldwide. The company has noted that its approach aims for efficient use of parts recovered from the disassembled airframes, offering steady returns over the course of the investment. ORIX Aviation acted as transaction adviser and offered technical inspections for Turning Rock Partners. Legal advice was provided by Holland & Knight, with Deloitte serving as accounting and tax adviser. Turning Rock Partners' senior adviser Michael Platt was also involved in reviewing the financing arrangements. Turning Rock Partners credit head Sha Khoja said: “We're excited to pa Show less Read more
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