Sirius Aviation Capital has purchased five single-aisle, mid-life aircraft from BOC Aviation.

The aircraft are on lease to three different carriers: three Boeing 737-700s with Southwest Airlines, one 2011-built Airbus A320 with Spirit and one A320, 2012-vintage, with Etihad.

The aircraft have remaining lease terms of approximately four years.

As part of the acquisition, Sirius has entered into a joint venture with Carolous Aviation Leasing, a portfolio company of Corrum Capital Management. Corrum Capital is a US-based investment firm active in the aviation industry.

Abu Dhabi Catalyst Partners, an anchor investor for Sirius, funded the lessor's share of the joint venture.

ADCP is a joint venture between Falcon Edge (a US investment company) and Mubadala Investment Company (the sovereign wealth fund of Abu Dhabi).   

The acquisition underpins Sirius’s investment strategy of acquiring in-demand single-aisle, mid-life aircraft globally on lease to strong airline credits, enabling investors to generate attractive risk-adjusted returns.