San Francisco, CA March 10, 2008- Sky Holding
Company LLC as servicer for the PALS portfolio is pleased to
announce it has agreed to lease extensions with Spanair for (2)
MD-82’s. Spanair based in Palma de Mallorca, is a leading low-cost
carrier in Spain and is principally owned by SAS group.
About Sky Holding Company, LLC
Sky was founded in mid-2007 by the former
executive management team of Pegasus Aviation in San Francisco, CA.
At the time of its sale in 2007, Pegasus had been built into
the world’s largest privately-held commercial aircraft lessor, with
a $6.5+ billion portfolio and nearly 100 airline customers
worldwide. Sky is a
leading provider of capital to airlines around the world, as well as
a manager of approximately 100 aircraft for institutional investors.
The Company’s management team has over 90 years of experience
in aircraft leasing, financing, conversion, and asset management.
Sky management partnered closely with over 30 financial
institutions to fund its growth at Pegasus and has maintained these
important relationships to support its goal to again become the
preferred provider of sale/leaseback capital to the airlines.
Since the 1990’s, Sky’s team has originated nearly $10
billion in Boeing/Airbus/McDonnell-Douglas equipment and has
remarketed over 300 aircraft through its broad customer network.