JuLY 2023
DAOL Asset Management and volofin Capital Management Ltd. successfully close the financing for B777-300ER aircraft operated by Air France
volofin Capital Management Ltd. (“volofin”) and DAOL Asset Management (“DAOL”) have closed the financing of one B777-300ER aircraft on lease to Air France (“Air France”).
volofin reported that the transaction represents its inaugural transaction with the South Korean-based asset manager.
Jan Bockelmann, Managing Director of volofin added: “We are very pleased to have assisted DAOL with this important and time sensitive financing requirement and look forward to many more.”
DAOL’s managing director, Woo-Song Jung describes volofin as “the perfect partner for this transaction”, citing its “reputation as a reliable lender” and “extensive experience in aviation finance”.
He added, “we are excited to join forces with volofin and contribute our asset management expertise to ensure the successful execution of this loan financing”.
volofin acted as sole Structuring Agent and Arranger whilst Clyde & Co acted as lead counsel for volofin and Yulchon LLC acted as lead counsel for DAOL.