Jul 17, 2024
Investec Aviation Finance (Investec) has provided US $90 million of senior debt financing for Atlas Air, a leading provider of outsourced aircraft and aviation operating services and the largest outsourced airfreight provider in the world with a fleet of more than 90 dedicated long-haul freighter aircraft.
Investec was able to structure and underwrite a transaction within a month for the acquisition of three aircraft that are fundamental to the Atlas Air strategy of supporting key supply chains globally in a growing e-commerce marketplace. In doing so, Investec was able to apply its deep understanding of the market to meet challenging timelines for a large, syndicated facility against specialist aircraft collateral.
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“We’re delighted to have secured this senior financing for Atlas Air, a leader in its market and an important enabler of global trade. The success of the transaction highlights our own leading capabilities in finding pragmatic solutions and structuring for all transaction types,” said Clayton Woollgar of Investec Aviation Finance.
“The 747-400F forms an integral part of Atlas’ dedicated large widebody freighter capacity, and the acquisition of these aircraft demonstrates our commitment to providing unparalleled support for global supply chains. Atlas appreciated Investec’s solutions-oriented structure and efficient transaction execution,” said Artem Gonopolskiy, Executive Vice President and Chief Financial Officer of Atlas Air.
Investec Aviation Finance is part of Investec Bank plc, the FTSE 250 bank. The team operates across the UK, South Africa, the US, Singapore and Dublin.
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Over the past 10 years it has originated c.$10bn of aviation debt and has acquired and managed more than $9bn of aircraft assets.
The post Investec provides US $90 million senior financing for Atlas Air appeared first on Air Cargo Week.
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Author: Anastasiya Simsek