The US company’s fleet currently includes 76 aircraft it values in excess of $4bn, which it picked up through sale/leasebacks with 23 different airlines.
The company made $148.4m through sales in 2011and had a net income of $25.2m.
Jackson Square said it expected the deal to be completed by the end of the year.
Company president and CEO Richard Wiley said, “We are excited to join forces with MUL.
“Having the support of another major international financial services company enables us to continue to provide our airline customers with new capital to finance their next-generation deliveries.”
Oaktree collected $3.4bn for its latest fund in the second quarter of 2012 alone, highlighting the increasing appetite for distressed debt as corporates and financial institutions around the world are forced to deleverage their balance sheets under imminent regulatory reform.
The commitments took the New York-listed firm’s Oaktree Opportunities Fund IX to a second closing on $4.6bn – exceeding its $4bn target and putting the firm on path to hitting its $6bn hard cap.
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