Airborne Capital launches Tailwind ABS

New issuer, Airborne Capital, is in the market with its inaugural asset backed securitisation (ABS) transaction, led by Deutsche Bank, Mizuho and Credit Agricole-CIB as joint lead structuring agents and joint lead bookrunners. The $637 million Tailwind 2019-1 ABS is offering in three tranches of notes secured on a portfolio of 17 aircraft – 15 narrowbody aircraft: seven A320-200s, three A320neos, three A321-200s and two 737-800s; and two widebodies: one 777-300ER and one A330-300 – with a weighted average age of 4.7 year and an average remaining lease term of approximately 6.3 years. The transaction comprises: $510million A-rated A notes