October 29, 2009

Guggenheim Aviation Partners Delivers 777ER to Korean Air

First Leasing Arrangement between Parties

Guggenheim Aviation Partners (GAP) today announced the delivery of a Boeing 777-300ER to Korean Air, marking the successful completion of the first leasing arrangement between the two firms. GAP is a leading participant in commercial aircraft leasing with offices in Seattle, London and Singapore. Korean Air, a premier global airline, is headquartered in Seoul.
 
“We are pleased and honored to have Korean Air as our customer,” said Steve Rimmer, GAP’s Chief Executive. “Their commitment to excellence is aligned with our business philosophy as well, and we look forward to serving them in the years ahead.”
 
S.K. Lee, Korean Air’s Managing Vice President of Procurement, commented, “We are pleased to be able to add this 777-300ER to our fleet in such a timely manner, and appreciate Guggenheim’s ability to provide a smooth and professional transaction.”
 
For GAP, the transaction commemorates not only the firm’s first transaction with Korean Air, but also its first purchase of a 777-300ER and the first new-production passenger aircraft acquired from Boeing.

About Guggenheim Partners
Guggenheim Partners, LLC is a diversified financial services firm with more
than $100 billion in assets under supervision. The firm’s businesses include investment management, investment advisory, insurance, investment banking and capital markets services. The firm is headquartered in Chicago and New York with a global network of offices throughout the United States, Europe and Asia.