Pegasus Aviation Finance Company

PK Airfinance and Apollo affiliates to Acquire $920 Million Portfolio of Secured Aviation Loans from Standard Chartered

Retrieved on: 
Monday, August 28, 2023

NEW YORK, Aug. 28, 2023 (GLOBE NEWSWIRE) -- PK Airfinance, a leading aviation lending platform backed by Apollo (NYSE:APO), has agreed to acquire the majority of an approximately $920 million portfolio of secured aviation loans from Standard Chartered, with Apollo affiliates agreeing to purchase the balance of the portfolio.

Key Points: 
  • NEW YORK, Aug. 28, 2023 (GLOBE NEWSWIRE) -- PK Airfinance, a leading aviation lending platform backed by Apollo (NYSE:APO), has agreed to acquire the majority of an approximately $920 million portfolio of secured aviation loans from Standard Chartered, with Apollo affiliates agreeing to purchase the balance of the portfolio.
  • The sale and transfer of the loans is subject to customary closing conditions and is expected to close year-end 2023.
  • “We are pleased to announce this transaction with Standard Chartered and to add significant scale and airline reach to our aviation finance businesses,” said Gary Rothschild, Partner and Head of Aviation Finance at Apollo.
  • Apollo and PK have built extensive relationships across the industry and serve more than 80 borrowers across 40-plus countries.

Jose Kling and Peter Hopkins Join Griffin Global Asset Management Senior Management Team

Retrieved on: 
Monday, July 17, 2023

DUBLIN, Ireland, July 17, 2023 (GLOBE NEWSWIRE) -- Griffin Global Asset Management (“Griffin”) is pleased to announce the expansion of their senior management team with the addition of Jose Kling as Senior Vice President, Marketing and Peter Hopkins as Tax Director.

Key Points: 
  • DUBLIN, Ireland, July 17, 2023 (GLOBE NEWSWIRE) -- Griffin Global Asset Management (“Griffin”) is pleased to announce the expansion of their senior management team with the addition of Jose Kling as Senior Vice President, Marketing and Peter Hopkins as Tax Director.
  • “We are excited to welcome Jose and Peter to the Griffin team.
  • Peter brings more than 15 years of experience in aviation tax advisory that will further strengthen our finance team.
  • They will be great additions to Griffin as we continue to scale and expand our business,” said Ryan McKenna, CEO of Griffin.

AV AirFinance Expands to Singapore with New Executive Appointment

Retrieved on: 
Monday, September 26, 2022

AV AirFinance Limited (AV AirFinance), a global commercial aviation loan servicer, announced today that Kiel Garcia has joined AV AirFinance as Senior Vice President-Loan Origination (APAC).

Key Points: 
  • AV AirFinance Limited (AV AirFinance), a global commercial aviation loan servicer, announced today that Kiel Garcia has joined AV AirFinance as Senior Vice President-Loan Origination (APAC).
  • Prior to joining AV AirFinance, Mr. Garcia spent three years in MUFG, most recently as Deputy Head of Aviation Finance, APAC.
  • We are delighted to welcome Kiel to the AV AirFinance team, said Stephen Murphy, CEO at AV AirFinance.
  • AV AirFinance is headquartered in Dublin, Ireland with offices in New York and Singapore.

Apollo Funds Complete Sale-Leaseback Transaction with GOL

Retrieved on: 
Thursday, September 8, 2022

NEW YORK and RIO DE JANEIRO, Brazil, Sept. 08, 2022 (GLOBE NEWSWIRE) -- Apollo (NYSE: APO) and GOL Linhas Areas Inteligentes S.A. (GOL) today announced the completion of a sale and leaseback transaction, involving one new Boeing 737 MAX 8 aircraft, between GOL and certain funds managed by Apollo affiliates (the Apollo Funds) and serviced by Merx Aviation (Merx).

Key Points: 
  • NEW YORK and RIO DE JANEIRO, Brazil, Sept. 08, 2022 (GLOBE NEWSWIRE) -- Apollo (NYSE: APO) and GOL Linhas Areas Inteligentes S.A. (GOL) today announced the completion of a sale and leaseback transaction, involving one new Boeing 737 MAX 8 aircraft, between GOL and certain funds managed by Apollo affiliates (the Apollo Funds) and serviced by Merx Aviation (Merx).
  • The aircraft was acquired by the Apollo Funds upon its delivery from Boeing in July 2022 and immediately placed on long-term lease to GOL.
  • Celso Ferrer, CEO of GOL said: Todays announcement reinforces our partnership with industry leaders, such as Merx and we are delighted to receive another new Boeing 737-MAX 8 with them.
  • About GOL Linhas Areas Inteligentes S.A.
    GOL is the largest airline in Brazil, leader in the corporate and leisure segments.

ACIA Aero Leasing Upsizes Credit Facility with Investec Bank

Retrieved on: 
Tuesday, August 30, 2022

ACIA Aero Leasing (ACIA), a leading provider of regional aircraft leasing and lease management services, announced today the upsizing of the lessors initial Revolving Credit Facility (RCF) with Investec Bank.

Key Points: 
  • ACIA Aero Leasing (ACIA), a leading provider of regional aircraft leasing and lease management services, announced today the upsizing of the lessors initial Revolving Credit Facility (RCF) with Investec Bank.
  • Were continuing to grow our aircraft portfolio with the strong support of Investec Bank.
  • www.investec.com
    ACIA Aero Leasing (ACIA), a subsidiary of ACIA Aero Capital, is a leading regional aircraft lessor with offices in Ireland, Mauritius, France, Canada, and South Africa.
  • Through our strategic partnerships, ACIA provides airlines with turn-key leasing solutions from dry leasing through to charter operations.

PNC'S HEAD OF RETAIL BANKING AND CHIEF CUSTOMER OFFICER KAREN LARRIMER TO RETIRE

Retrieved on: 
Thursday, May 26, 2022

PITTSBURGH, May 26, 2022 /PRNewswire/ -- The PNC Financial Services Group, Inc. (NYSE: PNC) announced today that Karen Larrimer, head of Retail Banking and chief customer officer, has elected to retire after more than 27 years of service and leadership to the bank. Larrimer will remain as the bank's chief customer officer through 2022, as she transitions out of her role as head of Retail Banking, effective July 1. Alex Overstrom, PNC's current head of Small Business and deputy head of Retail Banking, will assume responsibility for leading PNC's Retail Banking line of business.

Key Points: 
  • PITTSBURGH, May 26, 2022 /PRNewswire/ -- The PNC Financial Services Group, Inc. (NYSE: PNC) announced today that Karen Larrimer, head of Retail Banking and chief customer officer, has elected to retire after more than 27 years of service and leadership to the bank.
  • Larrimer will remain as the bank's chief customer officer through 2022, as she transitions out of her role as head of Retail Banking, effective July 1.
  • Alex Overstrom, PNC's current head of Small Business and deputy head of Retail Banking, will assume responsibility for leading PNC's Retail Banking line of business.
  • Larrimer has led Retail Banking since July 2016, following her appointment to chief customer officer in 2014.

Castlelake Appoints Ronan Kelleher as Aviation Chief Financial Officer

Retrieved on: 
Thursday, May 12, 2022

MINNEAPOLIS, May 12, 2022 /PRNewswire/ -- Castlelake, L.P. ("Castlelake"), a global alternative investment firm with 16 years of tenure investing in, financing and managing aviation assets, today announced the appointment of Ronan Kelleher as Managing Director and Chief Financial Officer, Aviation.

Key Points: 
  • MINNEAPOLIS, May 12, 2022 /PRNewswire/ -- Castlelake, L.P. ("Castlelake"), a global alternative investment firm with 16 years of tenure investing in, financing and managing aviation assets, today announced the appointment of Ronan Kelleher as Managing Director and Chief Financial Officer, Aviation.
  • "Ronan has a distinguished and impressive background in aviation finance and we are thrilled to welcome him on board," said Brad Farrell, Partner and Chief Operating Officer at Castlelake.
  • "I am honored to join such an esteemed firm within the aviation finance and aircraft investment space and have long admired Castlelake's differentiated capabilities and history of financial innovation," said Ronan Kelleher, Managing Director and Chief Financial Officer, Aviation at Castlelake.
  • Prior to joining Castlelake, Mr. Kelleher was Chief Financial Officer of AMCK Aviation and was integral in its transaction activity, including the sale of a portfolio of 128 aircraft to Carlyle Aviation Partners.

ACIA Aero Leasing and Investec Bank Agree on New Debt Facility

Retrieved on: 
Tuesday, March 8, 2022

ACIA Aero Leasing (ACIA), a leading provider of regional aircraft leasing and lease management services, and Investec Bank Ltd. (Investec) have entered into an agreement for a new Revolving Credit Facility (RCF), enabling the lessor to draw new debt secured with regional aircraft to support its growth ambitions.

Key Points: 
  • ACIA Aero Leasing (ACIA), a leading provider of regional aircraft leasing and lease management services, and Investec Bank Ltd. (Investec) have entered into an agreement for a new Revolving Credit Facility (RCF), enabling the lessor to draw new debt secured with regional aircraft to support its growth ambitions.
  • We are very pleased to renew and extend our long-running partnership with Investec, commented Mick Mooney, ACIAs Chief Executive Officer.
  • ACIA Aero Leasing (ACIA), a subsidiary of ACIA Aero Capital, is a leading regional aircraft lessor with offices in Ireland, Mauritius, France, Canada, and South Africa.
  • Through our strategic partnerships, ACIA provides airlines with turn-key leasing solutions from dry leasing through to charter operations.

Phoenix American Releases White Paper on Market Trends and Outlook for Aviation Asset-Backed Securitizations

Retrieved on: 
Monday, September 13, 2021

Asset-Backed Securitization for Commercial Aviation looks at the origin of asset-backed securitizations starting in the 1960's and the advent of the aviation ABS in the 1990's.

Key Points: 
  • Asset-Backed Securitization for Commercial Aviation looks at the origin of asset-backed securitizations starting in the 1960's and the advent of the aviation ABS in the 1990's.
  • The Aviation ABS Market Today profiles the current state of aviation ABS, the principal sponsors engaged in the market and the prospects for growth as the world emerges from the disruptions of the Covid-19 pandemic.
  • "The performance of aviation ABS during Covid-19 shows that today's deals can endure some very turbulent industry cycles," said Joseph Horgan, Senior Vice President at Phoenix American.
  • Phoenix American Financial Services provides managing agent and accounting services for securitizations specializing in the commercial aviation leasing industry.