note
BBAM is the aircraft leasing arm of investment advisory firm, Babcock and Brown LP which was founded in 1977 by Jim Babcock and George Brown. In partnership with Nomura Group, it launched Nomura Babcock and Brown Ltd in 1986 as an aircraft lease finance company. BBAM was formed as a Babcock and Brown subsidiary in 1989. In May 2007, BBAM incorporated a separate subsidiary, Fly Leasing, and completed a public offering in October. Babcock and Brown LP held heavily leveraged debt as the 2008 financial crisis loomed, and its plunging market cap forced it into liquidation in 2009. In 2010, the BBAM assets were acquired by BBAM LP, through a management buyout financed by Summit Aviation Partners which took an 85% interest in BBAM LP, and Fly Leasing taking the remaining 15%. In December 2012, Fly Leasing sold its shares to Onex Corp, which also bought 35% of Summit's interest. In 2017 GIC Private Ltd acquired 30% of BBAM LP. In August 2021, Fly Leasing was sold to Carlyle Aviation Partners.
founded - demised (age)
1989 - present (36years)
headquarters
50 California St, San Francisco CA
web
base airports
related operators
current /stored fleet (200)
