LONDON – Ashland Place Finance LLC, a New York-based commercial aviation finance company, announced that it has successfully completed financing for three Boeing 737-800s for Germany-based Royal Aero GmbH and US-based Aquila Air Capital .
Ashland Place Finance LLC, an institution established in 2002, offers a range of services in the aviation sector ranging from airlines, lessors and MROs.
The company has diversified its portfolio into aircraft and engine leasing, trading, supply of ancillary parts and material management, as well as technical consultancy services for the aviation market worldwide.
Speaking on this milestone, Ashland Place’s Executive Director and Group Leader, Ms. Jennifer Villa said, “We are delighted to add Royal Aero and Aquila as new customers to Ashland Place’s growing platform.
“Since launching Ashland Place just under a year ago, we have completed funding from 11 financial sponsors and lessors, and we are proud to continue this momentum through partnerships with aviation companies. dedicated like Royal Aero and Aquila.”
About Royal Aero GmbH
Royal Aero GmbH, an aircraft rental and trading company based in Miesbach, Germany, dealing in middle-aged and older commercial aircraft and engines, is a well-respected company in the fraternity of the airline. commercial aviation.
It is one of Europe’s largest independent suppliers of original equipment manufacturer (OEM) surplus parts and is well known for the aviation industry’s sourcing services platform, as well as being the l a leading aeronautical engineering consulting firm.
Royal Aero classifies itself as a buyer, outsourced MRO and reseller of OEM engine parts from its pool of assets. But Royal Aero’s diverse business model also includes the leasing and trading of aircraft and engines, as well as overhaul using its engineering consultancy services using its award-winning Midas online software.
As the completion of the financing was warmly welcomed by Royal Aero, President and CEO, Calum MacLeod “As we further grow our asset portfolio, we need the ability to react quickly and take advantage of attractive opportunities with quality airline credit.”
“Thanks to the Ashland Place team and their diligent efforts, we were able to close this transaction quickly through a coordinated and streamlined process.”
About Aquila Air Capital
Aquila Air Capital, backed by private equity firm Warburg Pincus, is a special financial platform dedicated to asset financing in partnership with industry players, as well as the leasing of aircraft, engines and other aircraft equipment. Aquila Air Capital is a leading player in value chain creation through its creative and timely induced solutions.
Speaking on this occasion, Chairman and CEO of Aquila Air Capital, Al Wood said: “We are delighted to have partnered on this transaction with Royal Aero and Ashland Place. Our teams came together quickly and efficiently to come up with an attractive solution.
The agreement having come to an end, the three B737-800s involved in this agreement are currently operated under lease with a major European carrier. Another contributor to this deal was Allen & Overy LLP, which served as legal counsel for Ashlan Place, while McGuire Woods represented Royal Aero and Aquila in the successful conclusion of this transaction.