BayernLB provided a limited recourse portfolio financing of eight aircraft for infrastructure manager Stonepeak.
The financing is secured by a portfolio of narrowbody aircraft on lease to a diverse mix of major airlines and it is managed by Bellinger Aviation — a new client for BayernLB.
“The transaction allows us to welcome Bellinger and Stonepeak amongst our strategically clients and provides us exposure to strong airline credits and liquid assets,” said BayernLB's London-based senior director of aviation & space Viktor Berta. “We very much appreciate the opportunity to partner with MUFG again and we look forward to continue to support Bellinger and Stonepeak.”
Bellinger Asset Management managing partner Rene Mansveld commented: “This portfolio financing represents a milestone transaction for Bellinger and we are pleased to welcome the participation of BayernLB.”