- Latest edition October 15th October: BBAM raises $1.7 billion for third fund
- Latest edition October 1st: AerCap unsecured notes issuance signals higher lessor funding costs
- September 17th edition: Neuberger follows up Mustang investment with new debt platform
- September 3rd edition: La Caisse goes again with its leasing JV
- August 20th edition: FTAI launches second mid-life current tech fund
- August 6th edition: ACG aims to become a Top 5 lessor
Aviation Investment - Funds BBAM raises over $1.7 billion for third flagship fundBBAM has announced the close of its Incline Aviation III fund with the aviation investment manager having secured more than $1.7 billion in total capital commitments, it's largest fund to date. BBAM said it has already begun deploying capital from the new fund with over a third of the fund already committed. Airline Financing Qatar Airways' milestone Japanese aircraft funding deal
Engine Leasing GFH Bank makes first aviation investment through $1 billion engine leasing JVBahraini bank GFH Bank is teaming up with investment group Bridgepoint and global alternative investment manager AIP Capital in a $1 billion engine leasing platform. The bank described aircraft engines as ‘a compelling asset class’ with robust long-term structural demand when outlining its reasons for its first investment in the aviation finance sector while the move also deepens Bridgepoint and AIP Capital’s pre-existing relationship in engine leasing. |
In this issue In this issueBBAM’s latest fund close and GFH Bank’s debut investment in aviation leasing, both featured in this issue, are some of the latest examples of the enduring appeal of aviation assets and leasing to outside investors. We also feature Qatar Airways’ first Japanese aircraft financing deal, Aircastle’s latest results and Avolon’s 250 aircraft order. Leasing Business Avolon secures growth pipeline well into the 2030s with firm orders for 250 aircraft
Leasing Business Aircastle Q2 net income up by a fifthStrong aircraft values contributed to a positive Q2 performance for Aircastle with CEO Mike Inglese noting 'significant' gains on sale of aircraft during the quarter as a key contributor to its result. Post quarter-end the lessor also closed a new $240 million unsecured term loan further boosting its liquidity position. |
Qatar Airways has diversified its funding mix with a debut financing in Japan, structured as a Japanese Operating Lease with Call Option (JOLCO), opening ‘a strategic long-term funding source’ for the airline. The initial financing covers three Boeing 787-9 Dreamliners and is the first of three transactions planned under the airline’s inaugural JOLCO programme.
Avolon's latest order is made up of a mixture of in-demand new technology Boeing and Airbus narrowbody and widebody aircraft with CEO Andy Cronin saying the order agreements strengthen and extend the lessor's long-term delivery pipeline. Avolon's Q3 business update also shows another busy trading quarter for the lessor with financing highlights including the establishment of its $1.5 billion commercial paper programme and the closing a new $855m unsecured term loan.