Voyager Aviation gets approval to sell assets to Azorra Explorer

By Sarah Lizee

Olympia, Wash., Sept. 29 – Voyager Aviation Holdings, LLC received approval to sell its assets to stalking horse bidder Azorra Explorer Holdings Ltd., an affiliate of Azorra Aviation Holdings, LLC, according to an order filed Thursday with the U.S. Bankruptcy Court for the Southern District of New York.

As previously reported, the company said it did not receive any other qualified bids by the deadline.

Through the agreement, Azorra agreed to assume and maintain ongoing employee and business arrangements with Voyager Aviation’s employees and aircraft lessees in addition to purchasing the assets.

The purchase price under the stalking horse agreement is $743.5 million.

The Stamford, Conn.-based aviation investment firm and commercial aircraft leasing company filed bankruptcy on July 27 under Chapter 11 case number 23-11177.

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