Labrador Aviation Finance Limited and Labrador Aviation Finance USA LLC are preparing to issue an $709 million asset-backed securities deal. GE Capital Aviation Services Limited will act as the servicer for the transaction. Proceeds from the sale of the Notes will be used to purchase a fleet of 20 aircraft on lease to 16 airlines located in 15 countries.

The $603 million Class A notes carry a 4.3% yield, while the $106 million Class B notes priced at 5.682%.

Update: The balance of the purchase price of the aircraft was funded through the issuance of two Equity Certificates ( the " E Certificates" ).

E certificates have initial principal amount of $250 million.