Maples Group advises BBAM on Horizon aircraft securitisation

The Maples Group has assisted global aircraft leasing group BBAM with its latest aircraft securitisation transaction, Horizon 2024-1. Horizon 2024-1 – which closed in September – issued $556 million of single-A rated 2049 notes. It is the latest issue in BBAM’s successful ‘Horizon’ series of aircraft asset-backed securities ABS transactions, which notably returns to the market for the first time since 2019. The transaction proceeds will be used to acquire a portfolio of 17 narrowbody aircraft, based on an initial loan-to-value ratio of 66.3%. “We were delighted to support BBAM and Horizon 2024-1 in such a broad capacity, with its