Tamweel Aviation Finance (TAF) has closed the financing of the third of a three-A321-200 new aircraft leasing facility for Avation PLC (LON:AVAP).
All three aircraft are on long-term operating leases with fast-growing Vietnamese low-cost carrier VietJet Air.
"A key driver of Avation's profitability is the overall cost of finance and the amount of leverage. TAF's mezzanine facilities are a useful leverage tool for transactions of this nature," said Jeff Chatfield, executive chairman at Avation.