DUBLIN (November 6, 2019) – Kroll Bond Rating Agency Europe Limited (KBRA) assigns preliminary ratings to three series of notes (the “Notes”) issued by Tailwind 2019-1 Limited (“Tailwind Cayman”) and Tailwind USA LLC (“Tailwind USA”, and, together with Tailwind Cayman, “Tailwind 2019-1”, or the “Issuers”).
The transaction represents Airborne Capital Limited’s (“Airborne”) inaugural securitization. Airborne has employees located in Dublin, Shannon, London, Hong Kong, New York, Seoul and Tokyo.
Proceeds from the sale of the Notes will be used to acquire 17 aircraft (the “Portfolio”) on lease to 15 lessees located in 11 jurisdictions. As of September 30, 2019, the initial weighted average age of the Portfolio is approximately 4.7 years with a weighted average remaining lease term of approximately 6.3 years.
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