Warburg Pincus, a global private equity firm focused on growth investing, has formed Aquila Air Capital, a specialty finance platform focused on commercial aerospace, in partnership with aerospace industry veteran Al Wood and investment firm Kepler Hill Capital.

Aquila Air Capital will have a broad mandate to purchase, finance, and lease, aircraft, engines and other aviation equipment. The company’s vision is to become a trusted partner to all players in the value chain, from buyers and sellers of assets to operators in need of creative and timely solutions for their critical business needs.

Al Wood joins Warburg Pincus as an executive-in-residence to identify and evaluate investment opportunities related to the broader aerospace and defence industry and to help build Aquila Air Capital. Al Wood most recently served as CFO of Boeing Commercial Services, a USD9 billion business unit where he focused on increasing return on invested capital, streamlining the product and services portfolio, and reducing working capital requirements.

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Source: Private Equity Wire