Copying and distributing are prohibited without permission of the publisher
Big deals
01 November 2006
Engine deals can be likened to comets: few and far between
but simply unforgettable when they occur. Airfinance Journal looks at some of the brightest over the past two years.
Read more:
Engines
In the past two years the market has delivered the most complex structures and partnerships that have enabled engine lessors to keep their portfolios well above the water.
October 2004: Engine Lease Finance Corporation (ELFC) and Sumitomo Corporation entered into an co-investment arrangement involving a package of five commercial aircraft engines acquired from ELF. The 50-50 structure involved three IAI V2500-A5s, one CFM56-3C and one CFM56-7B. The engines were on operating lease with four different lessees – America West Airlines, BMI British Midland, BWIA and Spanair. The portfolio is fully serviced by ELF. The expectation of this deal was that the two companies would co-invest in other packages of small- and large- ticket engine transactions.
August 2005: Willis shook the market with a $228 million asset-backed securitization through the Willis Engine Securitization Trust (West). The transaction, the first of its kind to securitize a diversified portfolio of leased aircraft engines, was...
Access to this content is denied because you are not logged in. Please login to view this content
Already have an account?
Subscribe
Subscribers have unlimited access to all current and archive content. Start your
subscription today - click on the button below.
Free trial
Taking a free trial will give you access to the current issue for two weeks (excluding
some surveys and articles). Start your free trial today.
