Investec Aviation Finance has provided $12 million of senior acquisition financing to allow Abu Dhabi-based lessor Sirius Aviation Capital acquire a mid-life Airbus A320 on lease to Air France.
The completion of the senior secured debt facility "demonstrates the importance of truly understanding clients and getting to the heart of their specific challenges”, said Lukasz Laski, who represented Investec.
"The bank’s flexible approach around the structure, quick credit approval and onboarding process provided certainty of execution in a tight timeframe. The successful conclusion of this debt transaction is a continued endorsement of the market for mid-life, single-aisle aircraft and Sirius’s approach to targeting top-tier lessees," said Kieran Ryan, chief financial officer with Sirius.
“In this case, the remaining lease was relatively short, and the lessor was engaged in discussions around a lease extension, so the onus was on us to use our knowledge and expertise to find a bespoke solution," Ryan added.