Investec Aviation Finance provides $15 million debt financing to ALAFCO
Investec completed a $15 million senior secured debt facility with ALAFCO Aviation Lease and Finance Company KSCP (“ALAFCO”). The debt was secured against an aircraft being operated by a low-cost carrier in Southeast Asia that is currently undergoing restructuring.
Derek Wong, Head of Investec Aviation Debt Funds:
“This facility demonstrates our team’s commitment to finding solutions for lessors in complicated situations – in this case, when leases are subject to restructuring.”
“Such situations underline the importance of flexibility and creativity in solving clients’ unique challenges.”
“We have enjoyed working with the ALAFCO team and look forward to continuing this partnership for years to come."
Established in 1992, ALAFCO began as an aircraft leasing arm of Kuwait Airways, before being acquired by Kuwait Finance House in 1999. It was listed on the Kuwait Stock Exchange (now Boursa Kuwait) in 2006 and has established itself as a leading name in aircraft leasing, currently operating out of both Kuwait and Dublin.