Azorra has closed a US$300 million term financing facility for 14 of 16 aircraft the lessor is acquiring from Voyager Aviation Holdings (VAH).
The financing was underwritten in July 2023 by BNP Paribas (BNPP) and Deutsche Bank (DB) who acted as global coordinators and bookrunners, with BNPP, DB, and MUFG acting as mandated lead arrangers.
John Evans, Azorra’s CEO and founder, says: “This strategic financing marks a significant milestone in Azorra’s continued growth and diversification as we respond to market opportunities. By expanding our portfolio, we’re meeting the rising demand seen for widebodies as airlines rebuild their international capacity.”
Claudia Ziemer, Azorra’s SVP Finance, praised the “continued support from BNP Paribas, and new relationships with Deutsche Bank and MUFG” as “instrumental in making this financing a success”.
Antoine Treguer, BNPP’s managing director, relationship manager, called the move by Azorra to acquire Voyager as a “clear testimony of the proactivity and expanding strategy that characterises the management of the company, with the full support of Oaktree Capital, demonstrating an efficient combination of experienced teams in the aviation sector”.
Andrew Stratos, Deutsche Bank’s head of US aviation financing, celebrated this inaugural financing with Azorra, while MUFG’s head of aviation originations in the Americas, Benoist de Vimal, shared his praise for the “strategic transaction” that assists Azorra in its diversification journey into the widebody space.