CHICAGO, November 14, 2024 – Aircraft Engine Lease Finance, Inc (“AELF”) has completed the financing of a 737-800 with South Africa’s Nedbank Corporate and Investment Banking (Nedbank CIB). This marks the second such transaction the company has completed in recent weeks, supporting its on-going 737-800 acquisition campaign, and its first financing with Nedbank.

“We are pleased to add Nedbank CIB to AELFs growing stable of aviation lenders,” said Joe Cirillo, Chief Commercial Officer. “As we continue to broaden our lending relationships, AELF is well positioned to take advantage of market opportunities and support on-going fleet expansion efforts.”

AELF is active in South African aviation with several recent transactions, including two 737s delivered to FlySafair and a financing completed with Investec, so far this year. Nedbank CIB is a division of the Nedbank Group, one of South Africa’s four largest banks, and has a team that specializes in aviation finance.

“We are excited to partner with AELF in their fleet expansion efforts. This transaction underscores our commitment to supporting the aviation sector with tailored financial solutions,” said James Geldenhuys, Head: Aircraft Finance at Nedbank Corporate and Investment Banking.