January 19, 2015
RRPF completes first installed engine sale and lease-back transaction with dvb deucalion aviation funds
Rolls-Royce & Partners Finance (RRPF) and DVB Bank SE (DVB) as investment advisor to the Deucalion Aviation Funds have completed a sale and lease-back transaction to finance V2500-A5 engines installed on five A320-200 aircraft. The aircraft were subject to existing leases purchased from Mitsui & Co US and are all on lease in the Americas region. Bobby Janagan, Rolls-Royce & Partners Finance, General Manager, said: “This was the first time that RRPF has completed such a transaction. It shows that we are able to develop new products to support all customers including aircraft investors who are looking to realise the full value of assets approaching the later stages of their economic lifecycle.” The transaction successfully leveraged the complimentary expertise and platforms of RRPF and DVB. RRPF is the market leading spare engine lessor of this engine type, with the ability to extract the maximum value from engine assets. DVB has significant experience of financing, investing in and managing aircraft and as advisor to the Deucalion Aviation Funds has a thirteen year track record of arranging and managing highly structured aviation investments.