Aviation Capital Group LLC (“ACG”), a leading aircraft operating lessor, announced today it has been mandated by AirBridgeCargo Airlines (“ABC”) to structure, arrange, and provide a guarantee for a senior loan to finance a portion of the airline's purchase price of one Boeing 747-8F aircraft expected to deliver to ABC in February 2019.
The ABC financing mandate was awarded to ACG in connection with ACG’s Aircraft Financing Solutions (“AFS”) program. The AFS program complements ACG’s operating lease business by providing customers with cost effective aircraft financing solutions.
“ACG is extremely pleased to have this opportunity to work with ABC. The award of a financing mandate from ABC is a notable achievement and an important milestone, as it will be the first aircraft transaction funded under the AFS program,” said Bob Roy, managing director of ACG.
“Expansion of our fleet and network is a part of our strategy and we are delighted to partner with ACG to be a part of our success. We are grateful to ACG for their support both to ABC and the 747-8 program. We are positive that this delivery will be the next step for us to enhance our quality to meet our customers’ needs,” said Tatiana Arslanova, vice-president, Strategic Management of Volga-Dnepr Group.