Oasis makes first turboprop investment

Oasis International Leasing has expanded its US portfolio, by buying four Embraer EMB-120s.

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By  Neil Denslow Published  January 7, 2004

Oasis International Leasing has expanded its US portfolio with its first investment in turboprop aircraft. The Abu Dhabi-based lessor, working with San Francisco’s Compass Capital Corporation, has acquired four Embraer EMB-120s, which are already on lease to a major American carrier. “The transaction represents further growth and diversification of our leasing and financial business in the US and expansion of our existing relationships with both the lessee and Compass,” says Gordon Dixon, CEO, Oasis Leasing. “It also reflects our confidence in the lessee’s improving financial condition and continued overall improvements in the US airline market.” “The acquisition is Oasis Leasing’s first investment in turboprop aircraft which we believe will continue to play an important role in the US regional airline market,” he adds. Oasis now has 21 aircraft on lease to major regional and international flag carriers, as well as a 50% stake in a capsize dry-bulk vessel. The company is seeking to build its asset and risk profile from US $560 million value to $1.2 billion by 2006, with additional investments in aircraft and targeted moves into shipping, infrastructure and power plant financing.

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