02 Apr 2024

Falko to Acquire E-Jet Portfolio from NAC

Avolon Announces Pricing of $1.15 Billion Senior Unsecured Notes Offering

Avolon announced the pricing of a private offering by its wholly owned subsidiary, Avolon Holdings Funding Limited, for a principal aggregate amount of $1.15 billion of 5.75% senior unsecured notes due 202. The Offering is expected to close on or about 25 January 2024, subject to customary closing conditions. Net proceeds from the Offering will be used for general corporate purposes, which may include the future repayment of outstanding indebtedness.

Falko to Acquire E-Jet Portfolio from NAC

Falko announced it has signed a sale and purchase agreement with Nordic Aviation Capital (NAC) to acquire a portfolio of twenty-four (24) Embraer E-Jets on behalf of its managed fund, Falko Regional Aircraft Opportunities Fund II (Fund II). The portfolio comprises twenty E190/195 aircraft and four E170/175 aircraft on lease to five operators located in North America, Europe and Africa.

JetSMART leases Airbus A320neo from SMBC Aviation Capital

SMBC Aviation Capital announced the delivery of one Airbus A320-271NX aircraft ,MSN 11904 to JetSMART Airlines. The aircraft is the final of five  aircraft contracted between SMBC Aviation Capital Limited and JetSMART Airlines.

TrueNoord attains Term Loan financed by Deutsche Bank

TrueNoord announced it has secured a new Term Loan with Deutsche Bank. The financing will support TrueNoord’s ongoing business growth and fleet expansion, and adds Deutsche Bank as a new banking partner. TrueNoord CEO Anne-Bart Tieleman said  “With the successful closing of this secured financing we are further expanding the group of banks supporting the business and are very pleased to add Deutsche Bank to this list of respected financiers. Driven by a strong balance sheet, experienced shareholders and an accomplished management team, we are growing and becoming an increasingly active participant in the sector. We continue to see strong demand for regional jets and turboprop aircraft in all markets and are exploring a number of opportunities and portfolio transactions as we further expand the business in a balanced and measured way. Widening our financing base with new lenders is an important part of our growth path as we work closely with our existing and new customers to support them in their own development ambitions.”

Image Credit: FlightReal via Wikimedia Commons 

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