Financing of twenty helicopters and specialist fixed wing aircraft to be used for EMS, SAR and Firefighting purposes
Investec Aviation Finance Investec has closed its first transaction with LEVL Leasing Limited, a joint venture between Lobo Leasing Limited and EMP Structured Assets GmbH. LEVL Leasing brings togethers Lobo Leasing’s full suite capabilities as a helicopter leasing platform with EMP’s capabilities in structuring financing solutions and raising capital for diverse aviation financing projects.
The facility is for a portfolio of fifteen helicopters and five specialist fixed wing aircraft – including Airbus H125, Airbus H145, Bell 412 and AirTractor AT-802 aircraft. The aircraft are to be used by five lessees for government support services across search and rescue (SAR), emergency medical services (EMS) and firefighting, operating in Spain, France and Kenya. This portfolio of aircraft forms part of LEVL’s goal of deploy EUR75 million of committed equity funding (together with debt leverage where appropriate) in sustainability-linked aviation such as EMS, firefighting, SAR and other ESG-compliant transactions.
The new transaction marks further growth in Investec’s helicopter financing strategy. The asset type has proven versatility across providing essential work across a diversified user base including EMS, SAR, aerial policing, fire-fighting, offshore energy services and VIP Transportation.
About LEVL Leasing
Lobo Leasing Limited and EMP Structured Assets GmbH have created a platform called LEVL Leasing Limited, a Dublin-based joint-venture company dedicated to providing lease and capital solutions for helicopter and vertical lift operators. Lobo and EMP each own 50% in the joint venture.
LEVL Leasing has already secured a EUR75 million equity commitment from a fund in Switzerland. Through LEVL Leasing these funds (together with debt leverage where appropriate) will be invested in EMS, firefighting, SAR, and other ESG-compliant transactions.