Aura Aviation Fund 1
Aura Group has opened its Aura Aviation Fund 1 (AAF1) for a second round to investors, after recently announcing the first close of the AAF1.
The fund invests in aircraft and aircraft engine investment opportunities and has already invested in a Boeing 737-800 aircraft leased to a subsidiary of TUI AG. The fund targets a cash yield of 9 per cent per annum (in US dollars).
Aura Group has a target of $US100 million in funds under management for its aviation strategy, with a gross portfolio value of approximately $400 million.
Round two is targeted to close at the end of November 2019.
"Global air passenger traffic is expected to be on a firm long-term growth trend, with fleets globally to double in the next twenty years, underpinned by 4.4 per cent compound annual growth rate air traffic growth into 2036," Aura Group director, Andrew Nai, said.