Triangle Aero Announcement
Triangle Holdings LP (“Triangle”) announces today that it has launched an initiative in to the specialised, non-commercial aircraft arena. Its new business, called Triangle Aero, will sit alongside its primary activity, which is regional aircraft leasing, managed by Falko Regional Aircraft Limited (“Falko”).
Triangle is wholly owned by funds managed by investment affiliates of Fortress Investment Group. Triangle has acquired over $1bn of regional aircraft over the past 5 years and currently has over 80 regional aircraft under management.
Triangle Aero, alongside affiliates, currently owns or manages an established portfolio of 8 non-commercial specialised aircraft. With offices in New York, Sydney and Hatfield (UK), Triangle Aero plans to continue to grow its portfolio of specialised aerospace assets that are utilised in various aerospace missions, including: Intelligence, Surveillance and Reconnaissance (ISR), pilot training, firefighting, medevac, research/tracking, aerial refuelling, search and rescue.
Triangle Aero will be led by Pari Olver Parchi as CEO. Ms. Parchi most recently was CEO of Cowen Aviation Finance and Managing Director of Cowen Inc. Prior to Cowen, she held the role of Senior Strategist at Fortress Investment Group. Ms Parchi has over 15 years of experience across a range of aerospace and private asset investments, including experience across turboprop, corporate, commercial and aircraft parts investments.
Pari Olver Parchi, CEO of Triangle Aero states, “Triangle Aero was established with the belief that non-commercial specialised aircraft and related assets require tailored financing solutions from those that understand the complexities innate in this market. I am honoured to be leading our efforts at Triangle Aero and excited to continue to provide innovative financing solutions that address our customer’s distinct needs.”
Jeremy Barnes, Chairman of Triangle Aero and CEO of Falko states: “This is a line of business that we have looked at over the past few years with a great deal of interest but with our focus on our regional aircraft leasing activities, we could never dedicate the necessary resource to make any real progress. We have been lucky to find Pari who brings a proven track record in this field and we and Fortress look forward to supporting Triangle Aero as it builds out the business”.
Falko is an aircraft operating leasing, asset management and aircraft services company focused on the regional aircraft sector. It is currently one of the world’s largest managers of regional jets and turboprops by aircraft numbers. Falko has a clear growth strategy dedicated to expanding the business and growing its portfolio of aircraft and associated services within the regional aircraft market. For more information regarding Falko please. visit falko.
Fortress Investment Group LLC is a leading, highly diversified global investment firm with $40.9 billion in assets under management as of March 31, 2018. Founded in 1998, Fortress manages assets on behalf of over 1,750 institutional clients and private investors worldwide across a range of credit, real estate, permanent capital and private equity investment strategies. For more information regarding Fortress Investment Group LLC please visit fortress.