Investec Aviation Finance (Investec) has supplied $30m of financing to Titan Airplane Investments (TAI) because it continues to survey solid search data from for aviation debt. This marks Investec’s first transaction with TAI, the dry leasing joint enterprise between Titan Aviation Leasing, a subsidiary of Atlas Air Worldwide Holdings, Inc., and Bain Capital (which holds 90% curiosity in TAI).
The senior secured debt facility enabled TAI to construct up a 2002 vintage Boeing 747-400F plane on rent to Atlas Air.
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The deal reflects the excessive levels of search data from Investec is seeing for aviation financing following a solid 2023. Final year, Investec closed $834m of aviation debt across 67 plane, with the team having an stop to the financial year, providing over $250m of financing across several plane portfolios.
Joseph Barnwell, Debt Origination at Investec Aviation Finance, stated: “This most up-to-date deal reflects a continuation of the search data from we now accumulate been seeing for aviation financing. We accumulate been in a position to showcase our ability to meet very constrained timeframes and to construct up financing at excessive Day 1 LTVs when delighted with the credit profile of the lessee/obligor. Working with Titan Aviation Leasing on this transaction used to be a pleasure, and we hope this continuously is the originate of additional collaboration.”
Vamshi Rokkam, Global Head of Finance at Titan Aviation Leasing, stated: “Investec’s alternatives-driven arrive supplied the framework for a snappy closure. We now stay awake for working collectively yet again in the extinguish.”
Investec Aviation Finance is section of Investec Monetary institution plc, the FTSE 250 bank. The team operates across the UK, South Africa, the US, Singapore, and Dublin. All over the last ten years, it has originated $10bn of aviation debt and acquired and managed larger than $9bn of plane sources.
