Private investment firm and asset manager Castlelake has launched a new aviation lending programme to support aircraft transactions.
The firm has added Armin Rothauser, as head of aviation lending, to lead its development. Prior to joining Castlelake, Rothauser led the hard asset credit business of a large global private investment firm. He has also held roles focused on transportation, infrastructure, and energy lending, structured credit and hard asset trading.
This strategy seeks to provide financing solutions to buyers of commercial aircraft to enable them to navigate periods of disruption in the aviation sector while continuing to execute their business plans.
"The aviation lending program is a natural extension of Castlelake's longstanding investment strategy in aviation while supporting our valued aviation-related partners across the industry," said Rory O'Neill, chief executive officer and managing partner of Castlelake.
Through the aviation lending programme, Castlelake will seek to provide a variety of financing solutions to aircraft buyers, including mezzanine financing, senior secured financing and high loan-to-value financing.
"Purchasers of aviation assets are in need of flexible and tailored financing solutions in the current, challenging environment," said Evan Carruthers, chief investment officer and co-founder of Castlelake. "With significant underwriting and structuring expertise, we believe we're well-positioned to partner with airlines, lessors and other industry participants to deliver these solutions in a way that aligns with our investment mandate."