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News Announcement

Cloud Investment Partners and Heritage Global Partners Lead Successful Global Online Auction Sale of Lufthansa Technik Airmotive Ireland (LTAI) Dublin Plant Assets as Results Exceed Expectations

SAN DIEGO, California and Dublin, IRELAND – June 5, 2014 – Cloud Investment Partners, a global organization with expertise in the aerospace industry with its co-partner, Heritage Global Partners  –announced today the global online auction of the Lufthansa Technik Airmotive Ireland (LTAI) Plant assets (Dublin, Ireland) – was a resounding success with total receipts significantly exceeding owners’ expectations.

Other highlights of the auction:

  • Over 1800 lots sold
  • 420+ bidders
  • 245+ buyers from 11 countries across three continents

 

“We are very pleased with the final results of our sale of LTAI’s plant assets, which featured a wide range of engineering, inspection, test equipment, works transport and additional items. This was truly a global auction in every sense of the word, with interested bidders for more than 1800 lots from around the world,” stated Ross Dove, Managing Director, Heritage Global Partners. “We were delighted to once again join forces with David Weiss and the Cloud Investment Partners team given their extensive expertise in the aerospace sector and we also benefited from the local auctioneering experience of E-Auctions.”

David Weiss, Partner of Cloud Investment Partners, stated, “This marks the third successful collaboration between Heritage Global Partners and Cloud Investment Partners within the past 18 months. Our other Engine MRO asset sales included AVEOS and LTQ (Lufthansa Qantas JV). We look forward to working with the HGP team in the near future as we seek to jointly maximize the valuations of aerospace-related assets on behalf of our mutual clients.”

For LTAI, Mal Cowley noted “We are very pleased with the auction results for Lufthansa Technik Airmotive Ireland and were impressed with the professional manner in which HGP and Cloud worked with our staff to deliver value and meet timelines in what proved to be a highly complex operation.”


 

Cloud has maintained a focus on aviation assets as the foundation of its investment strategy.

We ara global company that acquires leases and sells commercial aircraft to customers throughout the world. From time to time, we also make investments in other aviation assets.

Our business is managed by a team of aviation professionals with extensive industry experience, Through offices in the US and UK, we provide our customers with an exceptional level of service with global coverage and local market knowledge.

Cloud employs a balanced approach to investment and capitalization, factoring in industry cyclicality and other global and regional market dynamics.  We focus on medium to long-term investments. Our diversified fleet includes Boeing and Airbus aircraft in both passenger and freighter applications. Our professionals have extensive experience with aircraft finance, leasing and investment management.

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Completed Deals

  • 2014

    Acquisition Announcement

    Dash 6 Twin Otter

    Purchased by

    Cloud Investment Partners

    Available for Sale

    Immediately

  • 2014

    Auction Liquidation

    Major Global Online Auction Featuring Thousands of World Class Assets from a CFM International, Pratt & Whitney Maintenance and Overhaul Facility

    Facilitated by

    Cloud Investment Partners

  • 2014

    Financing

    Global Express Inventory

    Arranged by

    Old Hill Partners LLC

    Financed by

    Cloud Investment Partners

  • 2014

    Purchased and Leased

    B737-3M8 QC

    Acquired by

    Cloud Investment Partners

  • 2013

    Lease Announcement

    Embraer E170

    Purchased and Leased

    Aircraft owned by

    Cloud Investment Partners

  • 2013

    Purchased and Sold

    Acquisition Announcement

    B737-300QC

    Arranged by

    Cloud Principal Investor

  • 2012

    Auction Liquidation

    Auction of FF&E & M&E

    Acquired by

    Many Buyers

    Facilitated by

    David Weiss

  • 2012

    Sold as Going Concern

    Acquired by

    Kallita Air

    Facilitated by

    David Weiss

  • 2012

    Acquisition Announcement

    PW4000 Series Engine Portfolio
    Bought and Sold

    Facilitated by

    Cloud principal Investment

  • 2012

    Auction Liquidation

    Hanger Maintenance MRO

    Acquired by

    Many Buyers

    Facilitated by

    David Weiss

  • 2012

    Stalking Horse Bid

    Sold as Going Concern
    Component Maintenance Center (CMC)

    Acquired by

    A.J. Walter

    Facilitated by

    David Weiss

  • 2013

    Sold as Going Concern

    Engine Maintenance Center(EMC)

    Acquired by

    Lockheed Martin/Kelly Av

    Facilitated by

    David Weiss

  • 2011

    Machinery Auction Announcement

    Liquidated complete Facility

    Acquired by

    Multiple Parties

    Facilitated by

    David Weiss

  • 2005

    Acquisition Announcement

    Walter AS,Czech Republic

    Acquired, Restructured and Sold

    To Private Equity Group

    Facilitated by

    member of Cloud Partners

  • 2007

    Liquidation Announcement

    Bought and Sold

    Facilitated by

    David Weiss

  • 2007

    Liquidation Announcement

    Acquired by

    Multiple Parties

    Facilitated by

    David Weiss

  • 2010

    Acquisition Announcement

    Acquired by

    Private Party

    Facilitated by

    David Weiss

  • 2012

    Acquisition Announcement

    2x B737-700
    Purchased for Part out

    Arranged by

    Cloud as Principal Investor

  • 2011

    Acquisition Announcement

    Airbus A320
    Purchased and Leased

    Arranged by

    Cloud as Principal Investor

  • 2011

    Acquisition Announcement

    2x B737-300
    Purchased and Leased

    Arranged by

    Cloud as Principal Investor

  • 1997

    Acquisition Announcement

    The Ages Group

    Sold to

    Volvo Aero

    Arranged by

    Members of Cloud Partners

  • 2012

    Acquisition Announcement

    CFM56-7B Purchased for Part out

    Arranged by

    Cloud as Principal Investor

  • 2007

    Acquisition Announcement

    Magellan Air Ltd

    Sold to

    Aircraft Leasing Company

    Arranged by

    Declan Treacy as Principal Investor

  • 2010

    Acquisition Announcement

    OEM Aircraft Parts Distributor

    Acquired by

    Magellan Aviation Group

    Arranged by

    David Weiss

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