RR24 Oct 2023 08:15
Griffin Global Asset Management and Bain Capital Special Situations Have
Agreed to Acquire a Pool of Rolls-Royce
Spare Engines
DUBLIN, Ireland, Oct. 24, 2023 (GLOBE NEWSWIRE) - Griffin Global Asset Management ("Griffin") and Bain Capital Special Situations ("Bain Capital")
today announced they have agreed to acquire 17 new technology Rolls-Royce
Engines, including Trent XWB-84s, Trent XWB-97s, Trent 1000s, and Trent 7000s. The engines will be owned by a newly formed standalone entity and used as spares by the Rolls-Royce global customer base.
This transaction further demonstrates Griffin and Bain Capital's ability to provide bespoke solutions to airlines, original equipment manufacturers, and others across the industry.
"We are excited to have completed this transaction with the Rolls-Royce team and look forward to supporting their customers over the coming years, said Ryan McKenna, Chief Executive Officer of Griffin.