Investec Aviation boosts global AELF partnership with Hawaiian Airlines deal

Investec Aviation Finance has once again demonstrated its expertise in the global aviation finance sector by successfully concluding a second transaction with US-based Aircraft Engine Lease Finance (AELF). Building on its relationship with AELF, Investec provided a senior-term loan to finance the acquisition of an Airbus A330-200 aircraft, which is on lease to Hawaiian Airlines Inc.

AELF acquired the A330-200 aircraft from Avolon, leveraging an Interest Rate Swap provided by the Investec Treasury Sales and Structuring (TSS) team. This deal follows a similar transaction where Investec Aviation Finance and AELF collaborated to lease two (2) Boeing 737-800s to FlySafair.

"We are thrilled to take the next step in our growing relationship with AELF. As we explore future opportunities, our team will continue to leverage cross-selling opportunities, including hedging requirements and future lending prospects," said Thato Matsha, Head of Aviation Finance at Investec.

This transaction is particularly significant for AELF, a global aircraft leasing company headquartered in Chicago, Illinois, in the U.S., as it marks the company’s first aircraft on lease to Hawaiian Airlines.

“Hawaiian Airlines, with its distinguished history and recent acquisition by the Alaska Airlines Group, makes it a strong addition to our portfolio,” said Joe Cirillo, Chief Commercial Officer for AELF.

Hawaiian Airlines is one of the major U.S. airlines, providing an essential link between Hawaii and the mainland U.S. Its network extends to international destinations in the Pacific and Asia, including Japan, South Korea, Australia, New Zealand, and American Samoa.

“Our growing partnership with Investec is a vital building block in our strategic growth plans, with the latest lease to Hawaiian Airlines being a major accomplishment for the company in our home market,” added Cirillo.

“This latest transaction highlights Investec’s commitment to supporting the global aircraft leasing sector and represents the Aviation Finance team’s continued growth outside of Africa as part of our commercial aircraft financing strategy," concluded Matsha

Read more about this transaction here.

About AELF

Aircraft Engine Lease Finance, Inc. is an experienced commercial aircraft lessor based in Chicago. AELF offers customized and flexible financing solutions to airlines and commercial aircraft operators worldwide.  AELF has been in operation for a decade and is continually expanding its commercial aircraft and engine portfolio, with a strong current focus on the 737NG market. 

About Investec

Investec partners with private, institutional, and corporate clients, offering international banking, investment and wealth management services in two principal markets, South Africa and the UK, as well as certain other countries. The group was established in 1974 and currently has approximately 7, 500+ employees. Investec has a dual listed company structure with listings on the London and Johannesburg Stock Exchanges.

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