AerFin acquires 6 A330-200s operated in Asia

Company enters Japanese investor market for first time

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Inter AirportsAerFin, the aviation asset specialist which buys, sells, leases and repairs aircraft, engines and parts, announced the purchase of six A330-200 PW4168 powered aircraft with enhanced landing gears. The aircraft previously operated in the Asia-Pacific region.

The engines will support AerFin’s growing trading base of PW4000 engines.  The components and major assets from these A330 airframes will strengthen AerFin’s inventory within the widebody market, supplement its A320 common material base and provide a continued and reliable source of quality material to support its growing A330 customer base.

Auvinash Narayen, Chief Investment Officer, said: “Our ability to work successfully as a trusted partner to the owner of these six A330s, its airline customer and the many other project stakeholders is another clear demonstration of AerFin’s technical and operational expertise. We continue to confidently execute the more complex sub-fleet exit opportunities on a global basis in a highly competitive origination environment.”

The transaction coincided with AerFin’s formal opening of its office in Singapore Office.

Paul Ashcroft, SVP, Asia Pacific, added: “With over one thousand A330’s still in service, and with many of them operating within Asia, it’s great to see AerFin leading the way in securing the material our customers need to support their fleets safely, reliably and economically as the global fleet life continues to extend. We  provide our customers with consistently high quality Used Service Material,  and the lineage of the components from these A330s and their engines back to a well-established APAC operator from OEM delivery, provides the confidence our APAC and global customers expect when assessing the traceability and quality of our product offerings.”

AerFin enters Japanese investor market for first time
AerFin also announced it has further extended its investor base by entering the Japanese investor market with the sale of one CFM56-7B engine from the 737NG family. The transaction was advised, arranged and structured by BeYoke Capital, specialists in aircraft structured finance, connecting fundraising entities to investors in Japan.

Rion Sato, CEO of  BeYoke Capital said: “I am thrilled to announce the successful closing of this transaction for this engine. For AerFin, this is an exciting ‘first’ for them to be entering the Japanese market. For the Japanese investor, this represents their inaugural venture into the leasing business. We are proud to have facilitated this landmark transaction for both parties and look forward to seeing the continued growth and success of all three companies.”

Simon Goodson, CEO of AerFin, added: “This transaction is testament to our commitment to Asia Pacific and strengthens our reach into Japan as a critically-important market. The team at BeYoke has been a strategically important partner in bringing us to this marketplace.  All of this follows on from the recent opening of our new office in Singapore and the building of our multi-lingual team there, where we are well-positioned to further expand our network and relationships in this region.”

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