Voyager Aviation names stalking horse bidder winner for assets

By Sarah Lizee

Olympia, Wash., Sept. 25 – Voyager Aviation Holdings, LLC canceled an auction that was scheduled for Sept. 24 and named the stalking horse bidder the winning bidder for its assets, according to a notice filed Friday evening with the U.S. Bankruptcy Court for the Southern District of New York.

The company said it didn’t receive any other qualified bids by the deadline.

Azorra Explorer Holdings Ltd., an affiliate of Azorra Aviation Holdings, LLC, acted as stalking horse bidder for the assets, as previously reported.

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 deal includes a $22.5 million breakup fee.

A sale hearing is scheduled for Sept. 26.

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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