Investec Aviation Finance has provided more than $100m (€92.1m) of financing to specialist aircraft lease and asset manager Airborne Capital as demand for debt in the sector continues to strengthen.
The senior debt facility was secured against a portfolio of five young narrowbody aircraft.
Each aircraft has a different lessee, including a mix of flag carriers and low-cost carriers.
Investec said 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.”
Last month, Investec provided $30m of debt financing to Titan Aircraft Investments.
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