Panorama Aero finalizes purchase of Triangle Aero assets from Falko
Fort Lauderdale, FL (May 11, 2020) – Panorama Investments LLC (“Panorama Aero”) finalized the acquisition of the remaining aerospace assets of Triangle Aero (Holdings) LLC (“Triangle Aero”), which is managed by Falko Regional Aircraft Limited (“Falko”) and Triangle Aero and Falko are ultimately wholly owned by funds managed by investment affiliates of Fortress Investment Group LLC, a leading global investment manager with approximately US$41.5 billion in assets under management as of 30 September 2019. This deal further consolidates Panorama Aero’s leading position in the special mission aerospace sector.
“Panorama Aero was established with the belief that non-commercial specialized aerospace assets require financing and support solutions from those that understand the complexities innate in this market,” Panorama Aero CEO Ms. Pari Olver Parchi said in a statement.
“We are excited to complete the acquisition of Triangle Aero assets, which helps further expand Panorama Aero’s capabilities, particularly into the aircraft parts and ground support equipment markets.”
The acquired assets include Pilatus PC-12 NG and Beechcraft King Air 350 aircraft, parts, and related ground support equipment.
About Panorama Aero
Panorama Investments LLC (Panorama Aero) was established in 2013 and currently owns a portfolio of non-commercial specialized turbo-prop aircraft on lease to US government contractors. Panorama Aero provides capabilities across a wide range of support services including procurement, logistics, and management of aerospace assets. Panorama Aero is a privately held Woman-Owned Small Business led by CEO Pari Olver Parchi. She has nearly 20 years’ experience across a range of aerospace and private asset investments. Prior to founding Panorama Aero, Ms. Parchi most recently held the role of CEO of Cowen Aviation Finance and founding partner of Triangle Aero. The Panorama Aero team has substantial experience investing across the aviation life cycle, with experience across turboprop, corporate, commercial and other related aerospace investments.
Panorama Aero was advised by outside counsel, Roberts Moghul & Partners. Attorneys Glen W. Roberts II, Umar Moghul, Jessica Allen, and Ted Ahlgren supported the Panorama Aero team in this transaction.
For further information about Panorama Aero, visit the company’s website at: www.panorama.aero
Contact
Jerry Frederick
Panorama Aero
Phone + 1.954.439.2721
About Falko
Falko is an aircraft operating leasing company focused on the regional aircraft sector. It is one of the longest standing and largest managers of regional aircraft globally, having acquired 140 aircraft with a total value of $2.0 billion since its expansion into all regional aircraft types in 2013. Falko’s strategy is focused on growing its portfolio of funds and aircraft under management and the continued development of products and services in support of its aircraft lease management activity.
Falko was formed in July 2011 when funds managed by Fortress Investment Group completed the purchase of BAE Systems Asset Management and its associated aircraft portfolio.
The New York-based M&A and transportation finance groups of Allen & Overy LLP advised Falko in this transaction. The Allen & Overy team comprised partner Paul Burns (M&A), Senior Counsel Christine Steenman (banking and finance) and associate Brittany Beyer (M&A).
For further information about Falko, follow the company on Twitter: Falko_RA
Contact
Mark Hughes
Falko Regional Aircraft Limited
mark.hughes@falko.com
Phone +44 (0) 1707 271777