Investec Aviation Finance (Investec) has provided $30m of financing to Titan Aircraft Investments (TAI) as it continues to see strong demand for aviation debt. This marks Investec’s first transaction with TAI, the dry leasing joint venture between Titan Aviation Leasing, a subsidiary of Atlas Air Worldwide Holdings, Inc., and Bain Capital (which holds 90% interest in TAI).
The senior secured debt facility enabled TAI to acquire a 2002 vintage Boeing 747-400F aircraft on lease to Atlas Air.
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The deal reflects the high levels of demand Investec is seeing for aviation financing following a strong 2023. Last year, Investec closed $834m of aviation debt across 67 aircraft, with the team having an end to the financial year, providing over $250m of financing across several aircraft portfolios.
Joseph Barnwell, Debt Origination at Investec Aviation Finance, said: “This latest deal reflects a continuation of the demand we have been seeing for aviation financing. We were able to showcase our ability to meet very constrained timeframes and to provide financing at high Day 1 LTVs when comfortable with the credit profile of the lessee/obligor. Working with Titan Aviation Leasing on this transaction was a pleasure, and we hope this will be the start of more collaboration.”
Vamshi Rokkam, Global Head of Finance at Titan Aviation Leasing, said: “Investec’s solutions-driven approach provided the framework for a speedy closure. We look forward to working together again in the 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 $10bn of aviation debt and acquired and managed more than $9bn of aircraft assets.
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