HALO AirFinance has closed a credit facility for Republic Airways to finance the purchase of General Electric CF34-8E engines.
HALO, a joint venture between GA Telesis and Tokyo Century Corporation, said the deal is the first under its first fund HALO One, which was launched in March 2023 with InterVest Capital Partners.
“Republic Airways is a market leader in the regional airline sector, and we are thrilled to announce them as our launch customer,” said Marc Cho, co-head and managing director of HALO.
“HALO demonstrated a high level of underwriting expertise to deliver a compelling financing package for our engine assets. Their clear understanding of the asset class and insights into the nuances of our engine operations made structuring the transaction seamless from the onset," said Joe Allman, the airline's chief finance officer.
HALO, the venture partners said, is a "bespoke lending platform focused on secured debt solutions for airlines, lessors, and investors across a broad spectrum of aircraft and engine types".