Frank Wulf, the Global Head of Aviation at Nord/LB (Germany), has announced his decision to step down from his role and exit the aviation finance sector, effective January 31, 2025. Citing personal reasons, Wulf will conclude his tenure after a long-standing career in aviation finance.
Azorra, a US-based aircraft lessor, has successfully closed a US$190 million financing agreement with Banco Nacional de Desenvolvimento Econômico e Social (BNDES) of Brazil. This significant facility will fund the acquisition of up to eight Embraer E2 jets, further solidifying Azorra’s commitment to fleet expansion and modernization. This financing marks the first-ever collaboration between BNDES and ITASCA MGA, a UK-based financial…
Hamburg Commercial Bank (Germany) has announced that its Global Aviation division has provided structured portfolio financing to Pulsar Aero Global (Ireland) for the acquisition of five aircraft. The portfolio includes three Boeing 737-800s, one Airbus A321-200, and one Airbus A320-200, which are leased to operators across Latin America, Asia, and Europe for terms of up to five years.
Cebu Pacific (Philippines) has successfully closed its first-ever sustainability-linked Japanese Operating Lease with Call Option (JOLCO) for a new Airbus A321neo. This milestone financing reflects the airline’s commitment to integrating sustainable practices into its growth strategy.
Finnair, the national carrier of Finland, has received export credit support exceeding US$105 million to finance its 18th Airbus A350-900. The funding, facilitated by the export credit agencies of Germany, France, and the UK, underscores international confidence in the airline’s operational and financial stability. The aircraft, identified as serial 708, was financed through an arrangement led by Citibank Europe (UK).
Itasca MGA (UK) has announced its role in providing insurance backing to Elevate Capital Partners (US) for a financing solution involving two E195-E2 aircraft. This partnership underscores the importance of comprehensive insurance solutions in enabling complex aviation financing arrangements.
AerDragon, a China-based aircraft leasing company, has signed a Memorandum of Understanding (MOU) with the Export-Import Bank of China to collaborate on aircraft financing. This agreement underscores both organizations’ commitment to strengthening China’s aviation sector, providing AerDragon with the financial support needed to expand its fleet and enhance leasing services for domestic and international carriers. The MOU highlights China’s ongoing…
