London-based aviation finance specialist Magi Partners has arranged the sale and leaseback of four B777-300ER with Qatar Airways.
For two of the aircraft, Crianza Aviation provided the equity component, Korean institutional investors provided the mezzanine funding and senior debt was arranged and fully underwritten by ANZ Bank.
Magi Partners Aircraft Management (MPAM) will provide the aircraft management services.
English legal counsel for Magi Partners was Vedder Price (London); Korean counsel was Yulchon (Seoul). Cayman Islands counsel was Walkers. Clifford Chance (Singapore) acted on behalf of the senior lenders.
Sean Cleghorn, Partner at Magi Partners said: “This transaction represented a great opportunity for Magi Partners to continue its strong track record in Korea and undertake its first deal with the growing Korean lessor Crianza, whilst working with one of the world’s leading airlines Qatar Airways. We are also delighted that our continued partnership with the highly professional and innovative team at ANZ Bank has contributed to a tremendous transaction for all parties”