BlueFive Capital today announced that it launched BlueFive Leasing. This initiative establishes one of the first dedicated aircraft leasing asset management platforms in the Gulf Cooperation Council (GCC) region, marking a significant milestone in the development of the area’s aviation finance landscape. BlueFive Leasing will be based out of the firm’s offices in Muscat, Oman.

The new platform is positioned to capitalize on the robust growth of air travel in the Middle East, Asia, and Africa. It will focus on leasing narrow-body and wide-body aircraft of all ages through the cycle, to a diverse client base of high-quality airlines worldwide. By providing a critical source of aviation capital from the GCC, BlueFive Leasing aims to extend market-leading leasing products to its airline customers, while providing its partners with access to a scalable, institutionally governed product delivering attractive, risk-adjusted returns.

BlueFive Leasing is formed through a landmark partnership between BlueFive Capital and one of the Oman sovereign institutions. Alongside the launch, the platform will commence fundraising for its first investment vehicle, BlueFive Wings Fund I, targeting in excess of $1.0 billion in commitments for commercial aircraft assets.

Hazem Ben-Gacem, Founder and Chief Executive of BlueFive Capital, said: “The establishment of BlueFive Leasing reflects a strategic move to diversify the region’s investment portfolios and deepen its participation in the global aviation value chain. With our strong capital base and expert management team, the platform is well-equipped to navigate market cycles and seize opportunities in the dynamic aviation sector.”

BlueFive Leasing comes six months after BlueFive Capital opened its office in Muscat, Oman, a region that has significant appetite for new products that can bolster domestic investment portfolios as well as attract external capital.