LuminArx Capital Management formed a new lending partnership with SkyWorks to launch SkyLight Aero Finance, a dedicated platform providing secured debt solutions to the global commercial aviation market.
SkyLight will initially seek to underwrite up to $1 billion of loans and finance leases secured by commercial aircraft and engines. The partnership combines SkyWorks’ knowledge of the airline industry, aircraft asset management and technical experience across the aircraft lifecycle, together with LuminArx’s expertise in flexible, creative capital solutions, to provide a disciplined and scalable lending platform. SkyLight will enable SkyWorks to offer a new product to support airlines and aircraft lessors throughout market cycles.
“The launch of SkyLight represents a natural complement to SkyWorks’ long-standing business supporting our airline and lessor clients, leveraging our deep expertise in aircraft asset management, capital markets and financial structuring,” Jeff Craine, chief financial officer of SkyWorks, said. “Given the strong and sustained demand for flexible, asset-based financing solutions, SkyLight is well positioned to deploy capital prudently and deliver attractive, risk-adjusted returns. Our goal is to build a durable lending platform that supports the evolving needs of airlines, lessors and investors worldwide.”
Sanjeev Mordani, partner at LuminArx, added, “We are pleased to partner with SkyWorks in establishing SkyLight. The platform combines differentiated aviation expertise with a disciplined credit approach, and we believe it is well positioned to pursue compelling opportunities in aircraft- and engine-based lending. We look forward to working together with SkyWorks to build a scalable platform that provides creative and flexible financing solutions to airlines and lessors globally.”
