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23 Sep 2024

Investec supports ReGEN finance its first on-lease aircraft

Investec Bank plc (‘Investec’ or ‘the Bank’), a leading international financial services provider, today announced that the Investec Aviation Finance team has financed its first transaction with ReGEN, a business unit of global commercial aircraft lessor Genesis.

 

The facility enabled ReGEN's acquisition of its first on-lease aircraft, an IAE powered Airbus A319-100 aircraft on lease to British Airways.

Joseph Barnwell of Investec Aviation Finance said: “We’re delighted to work with ReGEN and help finance their first aircraft, leased to British Airways. Given our in-house technical capabilities and the short loan tenor, we were able to have strong visibility of expected EOL compensation, and as such were comfortable lending at above 100% LTV on day one.”

John Kelly, Senior Vice President at Genesis, added: "We truly appreciate the hard work and dedication of the team at Investec who have supported us throughout the course of this transaction. They understood the unique value the ReGEN platform can extract from aviation assets. We look forward to expanding our relationship with them in the near future.”

The Investec Aviation Finance team operates across the UK, South Africa, the US, Singapore and Dublin, with recent deals including a $90m of senior debt financing for Atlas Air, a leading provider of outsourced aircraft and aviation operating services and the largest outsourced airfreight provider in the world with a fleet of more than 90 dedicated long-haul freighter aircraft. Over the past 15 years it has originated c.$10bn of aviation debt and has acquired and managed more than $9bn of aircraft assets.

Dublin-based lessor Genesis established ReGEN in 2023 to support the developing global aerospace supply chain challenges and to enhance the lessor's full life cycle strategy.

ReGEN, provides in-demand airframe and engine component solutions to the global airline and MRO markets and is a key part of Genesis’s full life cycle strategy. ReGEN works with customers across the globe, offering component support solutions, tailor-made to their needs.

  • Notes to Editors

    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.

For further information, please contact:

Charles Clarke

Charles Clarke

Head of Business PR
About Investec

Investec Bank plc (‘IBP’) is the banking subsidiary of Investec plc. Investec plc is a FTSE-250 listed company which holds the Investec Group’s non-Southern African businesses under a dual listed company structure. IBP partners with private, institutional and corporate clients, offering banking and investment services in the UK, Europe and certain other countries.

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

As part of the Investec Group, IBP 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.

Further information can be found at www.investec.com.