London, Seoul, 12 July 2023 - volofin, a leading global aircraft financier, is pleased to announce its inaugural financing transaction as the sole lender and lead arranger in collaboration with DAOL Asset Management, a prominent asset manager in South Korea. The loan financing is secured by one 777-300ER aircraft on lease to Air France.
This new partnership marks an important milestone for volofin and DAOL Asset Management, as they join forces to support the aviation industry's financial needs. As a trusted lender, volofin brings its extensive expertise and deep understanding of the aviation sector to this collaboration. With their comprehensive range of financial solutions, volofin aims to foster growth and drive innovation within the industry.
DAOL Asset Management, known for its commitment to aircraft finance in the region providing tailored asset management services to local investors, has demonstrated its capabilities here by successfully refinancing the loan for one of their assets. Their strategic approach and industry knowledge make them the ideal partner for this venture. By leveraging their expertise, DAOL Asset Management will work closely with volofin to ensure the efficient management and optimization of the loan financing.
The loan is secured by a state-of-the-art 777-300ER aircraft on lease to Air France, one of the world's leading airlines. This highly sought-after aircraft represents a valuable asset, providing a strong foundation for the transaction's security. The collaboration between volofin and DAOL Asset Management further strengthens the stability and viability of the transaction.
Commenting on the partnership, Jan Bockelmann, Managing Director at volofin, stated, "We are delighted to collaborate with DAOL Asset Management on this inaugural transaction. This partnership not only demonstrates our commitment to supporting the aviation industry but also signifies our dedication to fostering meaningful relationships with leading asset managers. We look forward to working closely with DAOL Asset Management and leveraging our collective expertise to drive success in this venture."
Woo-Song Jung, Managing Director at DAOL Asset Management, added, "volofin's reputation as a reliable lender and their extensive experience in aviation finance make them the perfect partner for this transaction. We are excited to join forces with volofin and contribute our asset management expertise to ensure the successful execution of this loan financing."