ASL Aviation Holdings DAC
Aircraft Portfolio Facility for ASL Aviation.
ASL Aviation Holdings is a long-standing client of the bank. We provided a term loan and RCF secured by a portfolio of 10 cargo aircraft and 8 passenger aircraft operating across 8 jurisdictions within the ASL group. The cargo aircraft operate on contracts supporting major cargo integrators and e-commerce providers across Africa, Asia and Europe. The passenger aircraft are operated in with the low-cost airline Flysafair and ASL Airlines France providing scheduled passenger services. The facility refinanced existing facilities with Investec and other lenders, terming these out and upsizing the facilities.
Investec is an active provider of fx hedging solutions from its offices in South Africa and Ireland.
About ASL Aviation
ASL is a >€1.5bn turnover global aviation services group based in Ireland offering cargo and passenger airline solutions, aircraft leasing and aircraft maintenance services. ASL owns, operates or manages a fleet of approximately 160 aircraft consisting of 8 aircraft types ranging from ATR turboprop aircraft to Boeing 747 freighters. Its major customers include major freight integrators, package holiday providers and other major airlines globally.