Arena Aviation Capital is pleased to announce that the company successfully arranged and closed on a sale—leaseback of 4 B737-800 aircraft with Royal Air Maroc: and 1 new B777-300ER aircraft with All Nippon Airways for its investor client.
"We are pleased that we have been able to increase our direct airline sale-leaseback activities. It is a sign that our platform is maturing and that our airline marketing activities are paying off. We definitely intend to keep growing our presence in the sale-leaseback market” said Erik Dahmenl chief Commercial officer and Founding Partner. Arena continues on its trajectory of continued stable growth of its managed portfolio. In addition, the company has expanded its investor base, successfully sourcing and managing deals for multiple other investor clients as well as for the Japanese Operating Lease market.
Earlier this year Arena signed a Memorandum of Understanding with KEB Hana Bank of Korea. Under this strategic partnership, KEB Hana Bank will take a minority stake in Arena and Arena will support increasing KEB Hana Bank’s
footprint in the aircraft financing markets. Recently Arena closed on the acquisition of a B777-300ER aircraft on lease to Air Canada for the Japanese Operating Lease market where the funding is provided by KEB Hana Bank.
”We are delighted with the strategic partnership with KEB Hana bank which already allawed us to structure transactions for the Korean market that we would otherwise not be able to do. We have closed several transactions with KEB Hana Bank as senior debt provider already and are confident and enthusiastic about the future prospects of our coaperatian” Said Patrick den Elzen, CEO and Founding Partner.