ABL Aviation has closed another Japanese operating lease with call option (JOLCO) arranging the equity portion of two Airbus A350-900s aircraft for Lufthansa.
This transaction, the first that ABL Aviation has completed with Lufthansa, was closed in a short timeframe, with the financing secured for both A350 aircraft by the end of April, less than three weeks after being mandated. The deal represents the tenth transaction arranged by ABL Aviation since the beginning of the pandemic.
The deal reflects the growing airline demand for new technology aircraft that are more fuel-efficient for use on international routes. Also, it shows that Lufthansa’s interest in the JOLCO market is mutual, given the strong preference for first-tier credits by Japanese equity investors.
“We are delighted to work on this transaction with Lufthansa, one of the world’s leading airlines, offering competitive financing in record time,” said Ali Ben Lmadani, CEO of ABL Aviation. “The deal reflects both ABL Aviation’s innovative approach to finance and resilience with high levels of activity and successful transactions at the beginning of this year, despite ongoing economic uncertainty. It is encouraging to see new capital being deployed in the new aircraft space. We hope it is the first of many deals we deliver with Lufthansa.”
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