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Investec Bank is pleased to announce the acquisition of two Boeing 737-800 aircraft by its managed equity fund, Investec Aircraft Syndicate 2. Each aircraft is subject to an operating lease, one with Xiamen Airlines and one with Shandong Airlines of China.
Basalt, a leading infrastructure fund with a transatlantic focus on mid-market infrastructure, engaged Investec as sole Financial Adviser for its successful acquisition of a majority stake in Full Fibre.
The aircraft are 2010 vintage, and the transaction was financed utilising a senior debt facility.
Paul Da Vall, head of aviation equity funds at Investec, commented:
“We are very pleased to have completed this acquisition from BOC Aviation Limited, acquiring two additional prime narrowbody assets into our managed equity fund. The transaction demonstrates Investec’s capability to execute in an extremely challenging post-COVID environment and continues our strategy of deploying the available capital in our managed equity fund.”
Investec International Limited (Ireland) will act as Servicer under the continuing lease. Across its managed debt and equity funds, Investec currently manages a total of $1.7bn of aviation assets consisting of 113 aircraft.
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