Avolon Forms Joint-Venture Aircraft Leasing Business: Avolon Capital Partners | Aero-News Network
Aero-News Network
RSS icon RSS feed
podcast icon MP3 podcast
Subscribe Aero-News e-mail Newsletter Subscribe

Airborne Unlimited -- Recent Daily Episodes

Episode Date

Airborne Unlimited-
Monday

Airborne-Unmanned w/AUVSI-
Tuesday

Airborne Unlimited-
Wednesday

AMA Drone Report-
Thursday

Airborne Unlimited-
Friday

Airborne On ANN

Airborne 12.11.17

Airborne-Unmanned 12.12.17

Airborne 12.06.17

AMA Drone Report 12.07.17

Airborne 12.08.17

Airborne-YouTube

Airborne 12.11.17

Airborne-Unmanned 12.12.17

Airborne 12.06.17

AMA Drone Report 12.07.17

Airborne 12.08.17

Mon, Jan 21, 2013

Avolon Forms Joint-Venture Aircraft Leasing Business: Avolon Capital Partners

Initial Target Portfolio Size Of $500 Million

International aircraft leasing company Avolon has revealed its intention to partner with Wells Fargo & Company (“Wells Fargo”) to form a new joint-venture aircraft leasing business called Avolon Capital Partners Limited ("ACP" or the "Business"). The formation of ACP is subject to a number of regulatory approvals. Since its inception in 2010, Avolon has raised a total of $3.7 billion of debt capital from a wide range of financial institutions, including Wells Fargo, who has been a significant lender to Avolon since January 2011.

ACP will build an aircraft fleet primarily through sale and leaseback transactions with airlines on new aircraft. ACP will focus on young, fuel-efficient single aisle and twin-aisle aircraft with an initial target portfolio size of $500 million. Wells Fargo will be the majority shareholder and provide banking and debt financing facilities for the Business. ACP will be headquartered in Dublin. Existing Avolon and Wells Fargo team members will serve as ACP’s management team and provide business expertise. ACP will combine the aircraft leasing expertise of Avolon and the leading international financial franchise of Wells Fargo.

Avolon’s Chief Financial Officer, Andy Cronin, will serve as a Director on the Board of ACP. Daire O’Criodain, an executive at Avolon, who has extensive experience in the aircraft leasing industry, will serve as ACP’s Managing Director. “We are delighted to announce the formation of ACP. Avolon has a strong relationship with Wells Fargo and they remain a core lender to the Avolon business," Cronin said. "The joint-venture is a natural evolution of our relationship and combines their international franchise with the expertise and capability of the Avolon team. Wells Fargo’s investment in this joint-venture also reflects the growing institutional investor interest in aircraft finance and leasing due to the sector’s ability to deliver consistently strong risk adjusted returns.”

FMI: www.avolon.aero

Advertisement

More News

Canada Bails On Super Hornet Deal With Boeing

Will Acquire Jets From Australia Rather Than Purchase New Aircraft, Citing Trade Dispute Boeing's trade dispute with Bombardier has led the Canadian government to cancel its plans >[...]

AMA Drone Report 12.07.17: AMA Supports GoFly, ALPA v UAS, EU Drone Regs

Also: Drones Hunt Pythons, MI State Regs, Thanksgiving Drone Flying, Drone Collision Report A little outside our normal coverage responsibilities, nonetheless, we’re intrigue>[...]

Airborne-Unmanned 12.05.17: Mercedes Drone Deliveries, ALPA v UAVs, Tyndall RPAs

Also: ESA Eyes High-Altitude Aerial Platforms, Coptrz Provides UAS, Amazon Patent, UAS Integration In a global first, online orders were delivered in Zurich between September 25 an>[...]

Airborne 12.08.17: AMA Joins GoFly, Mackay Trophy Heroes, KSMO To The Rescue

Also: Orion Parachute Test, Workforce Shortage Issues, Cygnus Departs ISS, Myrtle Beach AirShow AMA has partnered with Boeing to support GoFly, an incentive competition that encour>[...]

Aero-News: Quote of the Day (12.11.17)

“What we turned in was a list of ideas that we had identified as things that might be helpful in terms of regulatory streamlining... Nobody had to twist our arms on this. We&>[...]

blog comments powered by Disqus



Advertisement

Advertisement

Podcasts

Advertisement

© 2007 - 2017 Web Development & Design by Pauli Systems, LC