Wednesday, 20 February 2019

Aviation Capital Group confirms funding for a Boeing 747-8F cargo aircraft for AirBridgeCargo

Photo AirBridgeCargo
Aviation Capital Group, a leading aircraft operating lessor, announced this week that it has structured, arranged, and provided a guarantee of a loan by MUFG Bank Ltd. (MUFG) to finance a portion of the purchase price of one Boeing 747-8F aircraft delivered to 
AirBridgeCargo (ABC) Airlines, one of the world’s leading air cargo carriers.

The ABC financing utilized ACG’s Aircraft Financing Solutions (AFS) program. The AFS program complements ACG’s operating lease business by providing customers with cost-effective aircraft financing solutions. Among operating lessors, ACG believes that it has created a unique aircraft financing program.

“ACG is extremely pleased to have had this opportunity to work with ABC and MUFG. Not only is this the first aircraft transaction funded under the AFS program, but ACG was awarded the financing mandate less than two months ago. Together with the cooperation and hard work of ABC and MUFG, who also provided critical input on structuring the loan, the AFS team was able to successfully structure and arrange this financing in a very compressed time period,” said Bob Roy, managing director of ACG.

“MUFG is very pleased to support ACG for the launch of this important initiative and to assist AirBridgeCargo with the financing of a B747-8F added in their fleet. MUFG is very proud to have assisted ACG in the structuring of this innovative new product and to continue the long relationship between our two institutions,” said Olivier Trauchessec, Head of Transportation Finance-Americas at MUFG.

“ABC is honored to be the first customer of ACG’s new AFS program which allowed us to further diversify our funding and approach it in the most effective way. We appreciate the execution capabilities of the parties involved and look forward to further cooperation. The additional aircraft into ABC’s fleet will bolster its network in line with customers’ expectations and will facilitate ABC’s further growth and development,” said Tatyana Arslanova, Vice President, Strategic Management of Volga-Dnepr Group.