ABS most exposed to Air Namibia fleet | News | Airfinance Journal

ABS most exposed to Air Namibia fleet

State-owned Air Namibia ceased operations on 11 February.

The airline’s management has confirmed the suspensions of operations and revealed that all flights would be cancelled with aircraft returning to their bases.

The carrier operates three Airbus A319s, two A330-200s and four Embraer ERJ aircraft, according to Airfinance Journal Fleet Tracker.

Castlelake, as manager, has two A330-200 aircraft, both 2013-vintage units on lease to the carrier.

One unit was initially included in the Castlelake Aircraft Structured Trust 2021-1 (CLAS 2021-1) ABS transaction that launched in January. The aircraft represents 8.5% of the initial pool by value.

The other aircraft is part of the collateral in CLAS 2019-1, Airfinance Journal's Deal Tracker shows. The aircraft represents 7% of the initial pool by value.

Castlelake was unavailable for comment.

One A319, manufactured in 2008 is with Deucalion Funds, but the aircraft is advertised for lease in the second quarter of this year.

Three ERJ135s and one ERJ145 are owned by West Air Aviation.

Transaction SnapshotAir Namibia | Operating lease | 11-13 | 2xA330-200

Financial Close:
Full Details

Transaction SnapshotWestair Aviation | A/c purchase and lease novation | 08-17 | 4xERJ135ER

Financial Close:
Full Details

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