15 May 2025
#3 May 2025: North American Aviation Newsletter
AerFin Expands U.S. Aftermarket Capabilities with First 777-300ER Teardown
AerFin has completed the disassembly of a Boeing 777-300ER, formerly operated by Japan Airlines, as part of a broader initiative to supply high-demand used serviceable material (USM) to the global aviation aftermarket. The teardown was conducted in New Mexico, with major components such as nacelles and thrust reversers stored in Arizona, and the majority of reusable parts now located at AerFin’s U.S. distribution centre in Miami.
Jacqueline Fernandez, SVP Americas at AerFin, noted:
“We’re proud to introduce B777-300ER material to the market at a time when operators are actively seeking cost-effective and sustainable solutions for fleet support.”
This is the first in a series of planned 777 teardowns over the next year, reinforcing AerFin’s commitment to the widebody aftermarket and its ability to provide rapid regional parts support across the Americas.
GraySky Aviation Appoints Aurélien Kauffmann as SVP of Lease Finance
GraySky Aviation has announced the appointment of Aurélien Kauffmann as Senior Vice President, Lease Finance, where he will oversee deal structuring, portfolio analytics, and strategic capital allocation.
CEO Stratton Borchers said:
“We are elated to have Aurélien join the GraySky leadership team as SVP of Lease Finance. He is a multiplier in all aspects and will advance our capabilities within aviation.”
This leadership addition comes amid GraySky’s rapid portfolio growth and aligns with its mission to strengthen its analytical and capital deployment frameworks.
HALO AirFinance Closes First Multi-Asset Loan for Crestone Air Partners
HALO AirFinance has closed a senior loan on behalf of a special purpose entity managed by Crestone Air Partners, supported by funds from Blue Owl Capital. The financing was used to acquire a Boeing 737-800 currently on lease with a Canadian carrier, and represents the first closing of a broader portfolio financing covering aircraft and engines.
Marc Cho, Co-Head and Managing Director at HALO, commented:
“This financing further reflects HALO’s ability to deliver capital solutions that align with the strategic objectives of leading aviation investors.”
This deal positions HALO as a key alternative lender capable of supporting asset-backed, multi-tranche portfolio strategies for institutional clients.
Phoenix Aviation Capital Adds Boeing 787-8 to LOT Polish Lease Portfolio
Phoenix Aviation Capital has acquired a 2014 Boeing 787-8 (MSN 35942), now placed on long-term lease to LOT Polish Airways. The aircraft is powered by Rolls-Royce Trent 1000 engines and complements Phoenix’s existing relationship with LOT, following its September 2024 placement of four Boeing 737 MAX 8 aircraft.
The move underscores Phoenix’s strategy to diversify its portfolio into next-generation widebody assets, while strengthening ties with established European flag carriers.
Acumen’s Take
On AerFin’s 777-300ER Teardown in the U.S.
AerFin’s foray into widebody USM—starting with the 777-300ER—is both opportunistic and well-timed, given rising demand for cost-effective maintenance solutions amid slow OEM part deliveries. By centralising inventory in Miami, AerFin is optimising regional logistics and improving TAT (turnaround time) for North and South American operators.
On GraySky’s Appointment of Aurélien Kauffmann
This hire is a strategic move as GraySky scales its aviation investment activities. Aurélien’s background in lease finance and analytics strengthens the company’s ability to structure complex deals and allocate capital efficiently, key differentiators in today’s competitive leasing market.
On HALO’s Crestone Portfolio Financing
HALO continues to differentiate itself through precision-targeted debt solutions, providing flexible structures that attract institutional aviation investors. As multi-asset portfolios become more common, HALO’s tailored financing model positions it well for repeat deal flow and cross-platform growth.
On Phoenix Aviation’s 787 Acquisition
Phoenix’s addition of the 787-8 not only strengthens its widebody offering but also reflects a long-term relationship-building strategy with LOT. In an environment where flag carriers seek consistent, reliable leasing partners, Phoenix’s balance of narrow and widebody placements with LOT showcases its scalable asset placement model.
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