Airborne Capital, an Irish firm specialised in aviation assets management, announced on Wednesday that it has generated $20 million (£15.41 million) to facilitate its expansion. This Dublin-based corporation offers guidance to airlines on strategy, finance, and equipment orders, as well as handling aircraft for investors via its American offshoot—Airborne Capital USA LLC.
Hari Raghavan, a partner at the firm, affirmed that the raised capital would stimulate further growth, aiding the amplification of Airborne’s business in asset management. Characterising the financial raise as a noteworthy turning point for the company, Mr Raghavan signified that it symbolised the trust investors place in Airborne Capital.
Airborne Capital administers aircraft assets for clients amounting to roughly $2 billion and operates branches in multiple global locations including Shannon, London, New York, Tokyo, and Hong Kong. The company’s management holds the majority stake, as per an official declaration.