 Singapore sovereign fund GIC takes stake in NAC
In an announcement made jointly by Nordic Aviation Capital, its founder Martin Moller and investor EQT VI, it has been disclosed that GIC, Singapore’s sovereign wealth fund, is to become a significant minority investor in the world’s largest lessor of regional aircraft. The transaction will involve a partial sale by the existing shareholders and the introduction of new capital to further strengthen NAC’s balance sheet, the parties said.
Performance of Delta's A220 roll out significant for plane's commercial success
The US carrier Delta has revealed plans for the operational deployment of its new Airbus A220 aircraft. In so doing it is providing a platform within a large established mainstream carrier in which the A220 can be assessed from an economic and customer experience perspective. Delta is the most significant US customer for the former C Series aircraft, having ordered a minimum of 75 units.
Carlyle Group's purchase of Apollo Aviation reflects sector's growth prospects
The Carlyle Group is the latest big name institutional asset manager to make a substantive, long-term commitment to the aircraft leasing and finance sector. In a move which reflects confidence in the underlying prospects of the sector's future growth, and in the strength of an existing well-established platform, the global alternative asset manager is acquiring Bill Hoffman and Robert Korn's Apollo Aviation Group and its affiliates for an undisclosed sum.
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Analysis
Optimum ownership structure for leasing platforms
The question of ownership models emerged at the Aviation Finance Conference 2018 as an interesting side theme to which executives from a number of the leading aircraft lessors contributed their thoughts writes Aviation Finance's John Stanley.
Zephyrus launches with $337m ABS of 21 ex-CIT airplanes
A group of former CIT Aerospace executives have established a new business, Zephyrus Capital Aviation Partners, to build and manage a fleet of mid to late life narrowbody and widebody aircraft. It is commencing its operations with the acquisition and securitisation of 21 aircaft, part of the CIT portfolio sold to Avolon and now being disposed of by the Chinese/Japanese-owned aircraft leasing company.
Thank you to everyone who attended the Aviation Finance Conference 2018
The Aviation Finance Conference 2018 took place on October 2nd-3rd in Dublin, Ireland, and which heard from CEOs, CFOs and aircraft trading chiefs representing over half of the world's leased fleet on how the aviation finance eco-system is set to evolve in the context of potential demand patterns for aircraft financing amidst record order backlogs and increasing OEM run rates.
We look forward to seeing you next year - October 15th & 16th, 2019 at Dublin Castle.
Investec set to deploy initial $150 million from new equity fund
Investec Aviation Finance is set to deploy up to $150 million on the acquisition of latest generation Boeing and Airbus aircraft as it embarks on the second round of funding for its new Investec Aircraft Syndicate (IAS) equity fund, which is capped at $500 million. To date it has raised cornerstone investment of about $150 million from UK and German financial institutions and it now plans to close an expected $350 million in a second round of funding by the end of Q1 next year.
Variations in features mean not all aircraft ABS are equal
An insightful review of aircraft ABS transactions over the past five years, by S&P Global Ratings' Directors Jing Xie and Betsy Snyder, identifies some of the factors being raised by investors seeking opportunities in this area.
GECAS orders 35 additional 737-800 Boeing converted freighters
July 17th 2018: GECAS and Boeing have reached an agreement for 35 additional 737-800 Boeing Converted Freighters at the 2018 Farnborough International Airshow. The deal, which includes 20 firm orders and an option for 15 more, would take GECAS’ 737-800BCF order book from 15 to 50 and enable GECAS to serve the growing express air cargo market.
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