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Guggenheim Aviation Partners sells 38 aircraft for $1.6bn to Aircastle23/01/2007. Source: AltAssets. 
 Guggenheim Aviation Partners, an affiliate of financial services firm Guggenheim Partners, has agreed to sell 38 aircraft valued at approximately $1.595bn to aviation company Aircastle.
The sale includes 12 freighters: four Boeing model 747- 400ERF freighters to be delivered new from the manufacturer, seven Boeing model 747-400 aircraft converted or to be converted to freighter specification, and one MD11F. The remaining 26 aircraft are passenger aircraft, several of which are scheduled for freight conversion.
The sale is an asset transaction with no transfer of management resources.
The sale represents substantially all of the assets currently owned or contracted by Guggenheim Aviation Investment Fund, a $277m fund which is managed by Guggenheim Aviation Partners.
Copyright © 2007 AltAssets
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