17 Sep 2018
Irish Aircraft Leasing Newsletter 17 September
Avolon Announces Pricing of US$1.0 Billion Senior Unsecured Notes Offering
Avolon announced 6 September the pricing of a private offering by its wholly owned subsidiary, Avolon Holdings Funding Limited, of US$1.0 billion aggregate principal amount of 5.125% Senior Notes due 2023 at par. The Notes will be fully and unconditionally guaranteed by Avolon and by certain of its subsidiaries. The Offering is expected to close on or about 17 September, 2018, subject to customary closing conditions. Avolon intends to use the net proceeds from the Offering for general corporate purposes, which may include the future repayment of outstanding indebtedness.
Gardens International base for Nordic Aviation Capital
Nordic Aviation Capital is set to become the first occupant of the Gardens International development in Limerick city centre. Nordic Aviation Capital (NAC), currently located on Henry Street, will move its 80 staff to the former Hanging Gardens site to allow for future expansion.
NAC delivered one ATR 42-500, MSN 554, to Omni Taxi Aéreo on lease
Nordic Aviation Capital (NAC) confirmed 13 September that it has delivered one ATR 42-500, MSN 554, to Omni Taxi Aéreo on lease.
SMBC Aviation Capital Announces Sponsorship of Trinity SMF
SMBC Aviation Capital announced 10 September its sponsorship of the Trinity Student Managed Fund (Trinity SMF), becoming the first aircraft lessor to sponsor the fund. The Trinity SMF became the first student managed fund in Europe. Run entirely by students, the fund which has 600 members, aims to develop students’ skills in equity analysis, investing and risk management. As well as being an unparalleled educational resource for students, the fund also offers numerous opportunities for networking and professional development. David Swan, COO, SMBC Aviation Capital said “Every year, we select a small number of high-potential graduates looking for opportunities in the fast-paced, global and dynamic business of aircraft leasing and we are looking forward to meeting this talented group of candidates.”
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