SKY Leasing (SKY) has closed a limited recourse acquisition facility for a pool of aircraft with co-structuring agent and joint lead arranger, Mitsubishi UFJ Financial Group (MUFG).
The banks describes the facility is unique since it provides the financing of off-lease aircraft with structural enhancements.
"We are very pleased with the outcome of this acquisition facility," says Matthew Crawford, EVP, Head of Capital Markets at SKY. "MUFG has been a great partner in helping us build out and diversify our fleet, a key pillar to executing on our overall strategy."
"SKY continues to be a strategic client for our aviation franchise," says Olivier Trauchessec, Co-Head of Global Aviation at MUFG. "We appreciated SKY's trust and creativity, and look forward to supporting the team with future financings."
MUFG has led and co-structured SKY's last two warehouse facilities. In addition, MUFG acted as Co-Structuring Agent of SKY's most recent ABS (SLAM 2021-1).