News / Events
October 2014

Ittihad International Investment And Aviation Finance Company Form Joint Venture To Bring Financing Solutions To The Aviation Industry

Ittihad International Investment LLC of Abu Dhabi, U.A.E., and Aviation Finance Company Limited of Dublin, Ireland, are pleased to announce the formation of Ittihad | AFC Aviation Consultancy, LLC, a U.A.E. based joint venture that will bring finance and leasing solutions to the aviation industry in the Middle East, North and East Africa and Asia. Christopher Condy of AFC and Head of Ittihad | AFC said, “It is a privilege to partner with such a prestigious and well established group as Ittihad International Investment and utilize the vast resources of the combined companies to begin this new venture.” Omar Hourani, Head of Business Development of Ittihad International Investment, mentioned: “We see a great potential for AFC’s innovative and tailor made structures to underpin the growth of the regional aviation industry. AFC brings a remarkable track record that demonstrates an excellent...

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AWAS Closes its First Private Placement for $350m using Aviation Finance Company

Aviation Finance Company (AFC) announced today that it acted as Lead Arranger and Sole Book Runner to close a Private Placement Term Loan for AWAS. This is the first time AWAS was involved in this type of transaction signaling the growing demand for alternative sources of capital creatively structured to meet the evolving needs of the global transportation industry. CACIB, Goldman Sachs and Wells Fargo were Co-Leads and BNP Paribas served as Manager. The proceeds from the transaction will repay the existing debt on 10 young narrow-body aircraft as well as for general corporate purposes. This new facility rated BBB by S&P and will have a seven-year term at a 4.87% coupon. Douglas Brennan, CEO of AFC, stated, “Thanks to the effective collaboration between AWAS, AFC and this strong group of investors, we applied some fresh thinking to determine innovative...

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