April
2022
Zephyrus Aviation Capital and volofin Capital Management Ltd. close inaugural financing transaction for two aircraft on lease to American Airlines, Inc.
volofin Capital Management Ltd. (“volofin”) has completed the structuring and debt financing of a pair of narrow body aircraft on lease to American Airlines, Inc. (“AAL”) for Zephyrus Aviation Capital (“Zephyrus”). The financing is the first transaction between Zephyrus and volofin and fits very well into both companies’ strategy around mid-life narrow body aircraft.
The aircraft are also the first AAL leased aircraft in Zephyrus’ and volofin’s portfolios respectively. volofin Capital Management Ltd. acted as sole Structuring Agent and Arranger while volofin Holdings D.A.C. acted as Facility Agent and Security Trustee.
Richard Genge, Director Fleet Strategy at Zephyrus, stated: “We are delighted to add American Airlines and volofin to the Zephyrus portfolio. Having volofin as a financing partner on this transaction was a great match and made for a smooth and efficient closing process. We are very happy with this initial transaction between volofin and Zephyrus and look forward to a growing partnership between our companies.”
Jan Bockelmann of volofin, points out: “We are very happy to have closed this first of hopefully many financings for Zephyrus. Zephyrus’ investment approach and market views are very well aligned with volofin’s outlook and strategy; as a result, the structuring and documentation process was seemless. This transaction is a great fit for our lending portfolio.”
Vedder Price acted as lead counsel for volofin and Norton Rose Fulbright acted as lead acquisition counsel for Zephyrus