Dublin, 18 July 2019: SMBC Aviation Capital is pleased to announce the launch of the Global Aviation Equipment Leasing Fund ("GAEL").
GAEL is a closed-end fund which has raised equity capital from 17 Japanese institutional investors and a secured debt financing from an internationally recognised bank.
GAEL is the first aviation equity fund for Japanese institutional investors that SMBC Aviation Capital has launched. GAEL will acquire a portfolio of aircraft, on lease to a diverse group of international airlines, from SMBC Aviation Capital, who will remain as aircraft servicer.
Commenting on the announcement, Peter Barrett, CEO, SMBC Aviation Capital said: "Aircraft leasing is a very desirable and stable asset class for investors, and GAEL provides a tailored opportunity for a number of Japanese institutional investors to enter into the aircraft leasing market. We are pleased to have worked closely with our colleagues at Sumitomo Mitsui Banking Corporation in assembling a group of top tier equity investors."
Orla Benson, Mobile: +353 86 047 4343
Rob Greening / Blair Campbell, Powerscourt: +44 207 250 1446
ABOUT SMBC AVIATION CAPITAL:
SMBC Aviation Capital is one of the world's leading aircraft lessors, with 86 airline customers in 40 countries. At 31 March 2019, the company owns, manages and is committed to purchase 729 aircraft. Established in 2001, the company was acquired in 2012 by a consortium comprising of two of Japan's biggest companies SMFG and Sumitomo Corporation. For further information go to https://www.smbc.aero/