High Ridge Aviation has marketed its debut aircraft lease securitisation, Phantom 2026-1.
The $603.2 million asset backed securitisation (ABS) features two tranches.
The $538.54 million A tranche is expected to be rated A by Fitch Ratings, while the $64.63 million B tranche is expected to be rated A-.
The notes will be used to secure 16 passenger aircraft.
Fitch describes the asset quality as “high”, with it including “desirable, young aircraft models”. The weighted average age of the portfolio is 4.1 years.
The pool includes eight A320neo, two 737 MAX 8, one 787-8, one 787-9, as well as one 737-800, and three A220-300s.
The pool is slightly smaller in aircraft count compared with other recent aviation ABS deals.
Fitch noted that, geographically, the pool is well-diversified.
During an interview for Aviation Industry Leaders Report 2026 with KPMG and Airline Economics, High Ridge Aviation CEO Greg Conlon said in November 2025 that the company was “preparing a portfolio financing” that was likely to be an ABS deal within three to six months. “We expect to be selling aircraft over the next year as part of normal portfolio rotation,” he added.
The deal is the first to be serviced by High Ridge Aviation and the second ABS deal of the year.