The Kayan Group, headed by founder Dr. Uday Nayak, has acquired aircraft leasing and management company, Plane Business, in its aim to provide end-to-end aircraft leasing and financings solutions to the market.
Plane Business is a London-based specialist aircraft leasing and asset-management company that provides comprehensive aircraft management services to aircraft owners and buyers, with a specific emphasis on mid to end life aircraft.
“We are very pleased for Plane Business to join the Kayan family,” says Nayak. “The deep technical and commercial skills of the Plane Business team complement our origination, structuring and financing skills very well. With this acquisition we are well positioned to tap into opportunities in mid to end-of-life assets.”
Hal Gamble, Founder and CEO of Plane Business added: “We are very confident that the Kayan team are the right partners to guide us through the next phase of our evolution.”
Anuj Kathuria, CEO of the Kayan Group, adds: “The opportunity to acquire Plane Business was a no brainer for us. We believe that the value proposition that Kayan offers investors and airlines alike is unparalleled in the market at the moment and we look forward to growing this business exponentially.”
Nayak set up London and Ireland based Kayan Aviation last year as a specialist aircraft structuring and financing company. Nayak previously founded Veling with Nirvan Veerasamy in 2002, where he and the founding team succeeded in raising over $30bn in aircraft finance, closing more than 200 aircraft transactions, and managing aircraft assets of over $2bn.
