Investec Aviation Finance (Investec) has provided $100m+ of financing to 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 had a different lessee, including a mix of flag carriers and low-cost carriers. The facility was structured to cater to specific lease extension options while also addressing the maintenance contributions and end-of-lease return obligations.
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 in 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 first transaction with Investec and we look forward to working with its team again in future.”