volofin Capital Management Ltd. provides Virgin Atlantic with an Inventory Financing Facility for up to US$100m
NOVEMBER 2024
volofin Capital Management Ltd (“volofin”) a London based aviation alternative lending platform and asset management firm, backed by Delaware Life Insurance Company (a Group 1001 company), is pleased to announce the structuring and closing of a spares inventory financing facility for Virgin Atlantic for up to US$100m.
Acting as the sole arranger, volofin structured the financing, secured against the airline’s entire spares inventory consisting of a mix of rotables, consumables and expendables.
The inventory plays a crucial role in maintaining Virgin Atlantic’s fleet reliability and is essential for the ongoing maintenance and punctual on time despatch for the airline.
The transaction marks the first time volofin has provided a loan facility secured against a package of spares, which by definition is a constantly changing inventory being used by the airline in day-to-day operations.