The aircraft are a mix of Boeing and Airbus passenger and freighter aircraft on lease to high-quality airlines globally.

Investec acted as a Structuring Agent, Mandated Lead Arranger and a Lender and BayernLB acted as Mandated Lead Arranger and a Lender.

Lukasz Laski of Investec Aviation Finance said: “Our latest Aviation Market Snapshot found that strong passenger demand, combined with production and certification delays, has created significant backlogs in aircraft delivery. This has meant we’ve seen healthy demand in the market for mid and end of life aircraft – and we are pleased to leverage our deep technical asset expertise to help service that demand. This transaction marks the latest step in our relationship with ACS and we look forward to continuing to work together in future.”

Viktor Berta, Director of Aviation & Space at BayernLB, said: “This transaction is a significant milestone, representing our first structured facility financing mid-life aircraft and adding a strategically important client. The mid-life space involves specific risks and considerations and requires specialist skills. The age and physical characteristics of the collateral portfolio necessitate an understanding of the relevant leasing and part-out market dynamics and require a structure that accommodates the client’s strategy while providing the lenders with a robust security and collateral package.”

Ricardo Ramos, Executive Vice President – Investments at ACS, said: “We are pleased to expand our relationship with Investec and to add BayernLB to our banking group and look forward to building a lasting relationship with both banks.”

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 c.$10bn of aviation debt and has acquired and managed more than $9bn of aircraft assets.

Aero Capital Solutions (ACS) is a leading mid-life specialist lessor with more than $3bn of capital deployed since 2010 and 120+ aircraft currently under management.

About Investec

This press release is issued on behalf of Investec Bank plc. Registered address: 30 Gresham Street, London, EC2V 7QP. (Reg No. 489604). Investec Bank plc (Reg. no. 489604) is authorised by the Prudential Regulation Authority and regulated by the Financial Conduct Authority and the Prudential Regulation Authority.

Investec Bank Plc (‘Investec Bank’ or ‘IBP’) is the UK banking subsidiary of Investec, the international financial services group. Investec Bank partners with private, institutional and corporate clients, offering banking and investment services in the UK, Europe and certain other countries.

Investec Bank also offers wealth management services through its strategic partnership with Rathbones Group, the UK’s largest discretionary wealth manager. Investec Bank has operated in the UK since 1992.

As part of the Investec Group, Investec Bank is a purpose-driven organisation, dedicated to its core purpose of creating enduring worth. This means we will always strive to create long-term value for all stakeholders and contribute meaningfully to people, communities, and the planet.

It is the principal operating business of Investec Bank plc, a FTSE-250 listed company which holds the Investec Group’s non-Southern African businesses under a dual listed company structure.