FPG Amentum, Société Générale and Marsh Close First Ever AFIC-Supported Financing of a Japanese Operating Lease (JOL)

Dublin, September 27th 2021 – FPG Amentum Ltd. (‘FPG Amentum’), the Dublin-based aircraft leasing / management company and Société Générale are pleased to announce the successful closing of the first ever financing of a Japanese Operating Lease (JOL) supported by Aircraft Finance Insurance Consortium (AFIC), a non-payment insurance product designed by Marsh, the world’s leading insurance broker and risk advisor. The financing is secured by a Boeing 737-8 MAX aircraft leased to flydubai. The transaction involved a wholly Japanese financing structure, with the debt provided by the Tokyo branch of Société Générale and the AFIC insurance policy underwritten by Aioi Nissay Dowa Insurance Co. Ltd. with reinsurance support from Fidelis Insurance and Axis Insurance.

Dr. Martin Bouzaima, CEO – FPG Amentum, commented:

“We are delighted to have closed our first AFIC supported financing with Société Générale and Marsh. Initial discussions regarding this transaction began at the height of the COVID-19 pandemic, and its execution required the determination and professional skill of all parties involved. The aircraft in question forms part of FPG Amentum’s managed JOL aircraft portfolio and this transaction demonstrates our best-in-class capabilities to arrange and structure innovative aircraft financing solutions for our investor customers. We look forward to working with Société Générale and AFIC in the future and to further developing our relationship with both teams.”

Laurent Floquet, Managing Director, Head of Aviation Finance for EMEA – Société Générale, stated:

“We are proud of having brought, together with FPG Amentum and AFIC, a new aircraft financing solution to the market, especially at the challenging times the industry is going through. We are grateful to FPG Amentum for their trust in our innovation, structuring and execution capabilities, and we are very pleased to have taken our long-standing cooperation with AFIC one step further.”

Robert Morin, AFIC Transaction and Business Development Leader, Marsh Specialty, said:

“This successful JOL transaction is part of Marsh’s overall goal to expand the AFIC client base and product offerings. We see tremendous value in the resurgence of the JOL aviation market and look forward to supporting future transactions.”