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Stellwagen Group appoints two new executives

Stellwagen Group appoints two new executives

Dublin-based aviation services provider Stellwagen Group is looking to boost its investment banking arm with two new senior appointments. Scott Corman (pictured left) has been appointed CEO of the Group’s aviation finance firm Stellwagen Capital, effective immediately. David Butler will

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AWAS closes $242 million facility

AWAS closes $242 million facility

Dublin-based lessor AWAS has closed a $242 million senior secured portfolio facility. The facility was arranged by Credit Agricole. Proceeds will be used as a refinancing solution for AWAS’ fleet and new aircraft deliveries. AWAS CFO Simon Glass said: “AWAS

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GA Telesis launches $500 million fund

GA Telesis launches $500 million fund

Lessor and MRO firm GA Telesis has raised $500 million to be used as an aviation investment vehicle for institutional and private clients. The funding was sourced from Wafra Capital Partners, who will be advising clients on the aircraft and

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Sky Leasing debuts first ABS

Sky Leasing debuts first ABS

Sky Aviation Leasing has launched its first asset backed security (ABS). The $780.8 million security – S-JETS 2017-1 – will be used to finance the purchase of 21 aircraft. This is a large investment for Sky, with the 21 aircraft representing

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Diamond Head cuts portfolio and balance

Diamond Head cuts portfolio and balance

Diamond Head has shrunk the balance of its asset backed security (ABS) from $260,750,000 to $163,191,691, after it cut the portfolio backing the bond from 30 aircraft to 22. The bond, Diamond Head Aviation 2015, was  closed on 30 July

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American upsizes EETC to $797 million

American upsizes EETC to $797 million

American Airlines has upsized its 2017-2 equipment trust certificates (EETC) to a combined total of $797 million. The credit rating remains unaffected. The EETC is comprised of two tranches that have been upsized to $544,644,000 and $252,254,000. The tranches have been rated ‘AA ‘and

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GA Telesis announces $2 billion in new financing ventures

GA Telesis announces $2 billion in new financing ventures

Lessor and MRO firm GA Telesis has launched two new financing ventures – a joint aircraft engine financing initiative with Japanese financier Tokyo Century Company and its own $1 billion specialist finance unit to support its inventory leasing business. The joint

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Flybondi completes $75 million investment round

Flybondi completes $75 million investment round

Argentinian low-cost airline Flybondi has raised $75 million in capital, sourced from a number of aviation investors. Investors include Cartesian Capital Group, Yamasa Cod, Michael Cawley (former Ryanair COO) and Michael Powell (former CFO at Wizz Air Holdings). Cawley and

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AeroCentury purchases three E175s, extends RCF

AeroCentury purchases three E175s, extends RCF

Californian lessor and financier AeroCentury has purchased three Embraer 175s and extended its existing credit facility to $170 million. The three aircraft are currently on lease to an unnamed US regional carrier. Michael G. Magnusson, CEO, said: “This recent acquisition,

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Stellwagen Finance closes PDP for AWAS

Stellwagen Finance closes PDP for AWAS

Stellwagen Finance has closed a Pre-Delivery Payment (PDP) facility for the purchase of five Boeing 737 MAX 8s by Dublin lessor AWAS. The five aircraft will be delivered to AWAS on a purchase and leaseback agreement with “one of its

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