Global specialist banking and asset management group Investec Bank has raised $1bn to finance leases for UAE-based Emirates Airlines’ four Airbus A380-800 aircraft.
Raised by the aviation finance arm of Investec, the fund has facilitated the delivery and sale and leaseback of four A380-800s, which include 2013 and 2016 models.
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Investec has acquired the 2013 aircraft from Aviation Finance Company (AFC) holding company Stellwagen Finance, which is involved in making investments in aviation businesses, financing new aircraft and create transportation infrastructure.
The deliveries of the 2016 models are directly performed by Airbus.
Investec stated that it has solely arranged both the financing and leasing of the transaction, in which financings are provided by banks and institutional investors across Middle East, Europe and Asia.
The company has also used Islamic financing on two of the deliveries.
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By GlobalDataThe latest deal is expected to provide opportunity for investors for a 12-year period on brand new aircraft with top-tier credit.
Investec Aviation Finance co-head Alok Wadhawan said: "The past 12 months has seen Investec Aviation achieve a number of important milestones.
"The closing of the $1bn A380 aircraft deal with Emirates highlights our expertise and deep sector knowledge, and the quality and range of financing products and bespoke solutions we can provide to airlines and lessors."
The company currently has $5bn of aircraft assets under management through its own balance sheet and managed funds.
Investec also owns a 20% stake in Ireland-based Goshawk, along with Chow Tai Fook Enterprises and NWS Holdings.
Goshawk is a joint venture leasing platform established by Investec in 2013, with an owned or committed portfolio of 75 young, in-production aircraft, valued at approximately $3.2bn.
