13.02.2024
Artikel Nummer: 48302
A new way to finance freight aircraft
ABL Aviation, an independent global full-service aircraft asset manager, has delivered a Boeing 777-200LRF to air cargo carrier Atlas Air. The deal was structured as a Japanese operating lease with call option (Jolco) combined with debt guaranteed by the Aircraft Finance Insurance Consortium (Afic) and funded by Sumitomo Mitsui Trust Bank (SMTB).
ABL Aviation was the lead arranger to bring equity from Japan and debt funding to the transaction. This is the first time a Jolco-Afic product has been used to fund a freight aircraft. ABL Aviation initially structured this product for the “Aviation 100 supported finance deal of 2019” awarded by the publication Airline Economics. (cj)