Stellwagen Finance has closed a Pre-Delivery Payment (PDP) financing facility for AWAS relating to five Boeing 737 Max 8 aircraft expected to be delivered to the lessor via a purchase leaseback transaction with one of its valued airline customers. Stellwagen Finance was the sole arranger sourcing funds from institutional investors for the facility. Simon Glass, AWAS CFO, commented “Over the last few years, Stellwagen has arranged a number of innovative non-bank financing solutions for AWAS and this new PDP deal is another great example of how they are able to provide customised structures that support AWAS’s goal to have a diversified financing strategy”. Stellwagen Finance has financed US$1.2bn of PDPs for lessors and airlines to date.
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[email protected]
Mailing Address
AviTrader Publications Corp.
Suite 305, South Tower
5811 Cooney Road
Richmond, BC V6X 3M1
Canada