Aquila Air Capital, a prominent engine leasing company, has announced the successful acquisition of its platform by Wafra Inc., a global alternative asset manager based in New York. The deal, which was finalized on December 16, 2024, follows a definitive agreement signed on October 18, 2024, and has received all necessary regulatory approvals.

Al Wood, CEO of Aquila Air Capital, expressed enthusiasm about the acquisition, highlighting it as a testament to the team's efforts and the value they bring to the market. He noted that the partnership with Wafra will facilitate future growth, allowing Aquila to expand its offerings and enhance its global customer reach.

Edward Tsai, Managing Director at Wafra, echoed this sentiment, stating that the acquisition marks the beginning of a new growth phase for Aquila. He emphasized the strong demand for aviation equipment finance, positioning Aquila to effectively serve its international clientele.

To support the acquisition and future growth initiatives, ATLAS SP Partners, a finance and securitized products business primarily owned by Apollo funds, provided a credit facility. Aquila was advised by Evercore for financial matters, while Kirkland & Ellis LLP handled legal counsel for Aquila. Wafra was represented by Sidley Austin LLP in legal matters.