Investec provides senior financing of $30m to Titan Aircraft Investments for Boeing 747-400F on lease to Atlas Air

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Investec Aviation Finance (Investec) has provided $30m of financing to Titan Aircraft Investments (TAI), as it continues to see strong demand for aviation debt.

This marks Investec’s first transaction with TAI, the dry leasing joint venture between Titan Aviation Leasing, a subsidiary of Atlas Air Worldwide Holdings, Inc., and Bain Capital (which holds 90% interest in TAI).

The senior secured debt facility enabled TAI's acquisition of a 2002 vintage Boeing 747-400F aircraft on lease to Atlas Air.

The deal reflects the high levels of demand Investec is seeing for aviation financing following a strong 2023. Last year, Investec closed $834m of aviation debt across 67 aircraft, with the team having a particularly strong end to the financial year, providing over $250m of financing across several aircraft portfolios.

Joseph Barnwell, Debt Origination at Investec Aviation Finance said: “This latest deal reflects a continuation of the demand we have been seeing for aviation financing. We were able to showcase our ability to meet very constrained timeframes and to provide financing at high Day 1 LTVs when comfortable with the credit profile of the lessee/obligor. It was a pleasure to work with Titan Aviation Leasing on this transaction and we hope this will be the start of more collaboration to come.”

Vamshi Rokkam, Global Head of Finance at Titan Aviation Leasing, said: “Investec’s solutions-driven approach provided the framework for a speedy closure. We look forward to working together again in the future.”

About Titan Aviation Leasing and Titan Aircraft Investments Ltd

Titan Aviation Leasing is a freighter-centric leasing company that provides dry leasing solutions to airlines worldwide. Titan’s fleet of cargo aircraft support customers, including international flag carriers, express operators, e-commerce providers, and regional and domestic carriers. Titan’s deep airfreight domain expertise and innovative asset management solutions help customers quickly ramp up their aviation operations while minimizing capital investment.

Titan Aircraft Investments Ltd. is a long-term joint venture Titan Aviation Leasing entered into with Bain Capital to develop a diversified freighter aircraft dry leasing portfolio that aims to capitalize on demand for cargo aircraft, underpinned by robust e-commerce and express market growth. Titan Aviation Leasing provides management services to the joint venture, including aircraft acquisitions, lease-management, passenger-to-freighter aircraft conversion oversight, technical expertise and disposal of aircraft.

About Investec Aviation Finance

Investec Aviation Finance is part of Investec Bank plc, the FTSE 250 bank. The team operates across the UK, South Africa, the US, Singapore and Dublin. Over the past 10 years it has originated $10bn of aviation debt and has acquired and managed more than $9bn of aircraft assets.