Investec Aviation Finance (Investec) has provided Airborne Capital with US $100m+ of financing as demand for debt in the sector continues to strengthen.
This adds to Investec’s record of transactions with Airborne Capital, the specialist aircraft lease and asset manager.
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The senior debt facility was secured against a portfolio of five young narrowbody aircraft and reflects Investec’s ability to structure loans creatively to meet the complex needs of the aviation industry.
Each aircraft had a different lessee, including a mix of flag and low-cost carriers. The facility was structured to cater to specific lease extension options while addressing the maintenance contributions and end-of-lease return obligations. The facility also included an aspect of off-lease aircraft financing.
Derek Wong at Investec Aviation Finance said: “We are delighted to close this significant transaction with Airborne Capital and deepen the relationship between two innovative aviation capital providers. We look forward to working with Airborne on future projects.”
Anand Ramachandran, Chief Financial Officer at Airborne Capital, said: “This deal will allow us to continue growing our business and client base. It was a pleasure to complete this transaction with Investec, and we look forward to working with its team again in future.”
Investec Aviation Finance is part of Investec Bank plc, the FTSE 250 bank. The team operates across the UK, South Africa, the US, Singapore, and Dublin. Over the past ten years, it has originated $10 billion in aviation debt and acquired and managed more than $9 billion in aircraft assets.
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