Mitsubishi UFJ Financial Group (MUFG) was mandated as a Lead Arranger and Structuring Agent by BBAM Aircraft Leasing and Management to provide financing for four aircraft on long-term leases to Delta Air Lines.
As part of the transaction, MUFG is providing a senior secured term loan facility for a portion of BBAM's managed fleet.
"We are pleased to assist BBAM in financing a portfolio that includes three Airbus A321-200 airliners and one Boeing B737-900ER airliner," says Olivier Trauchessec, Managing Director and Global Head of Origination and Structured Solutions for Aviation at MUFG.
BBAM is the leading provider of asset origination and management services in the aircraft industry and had more than $28.9 billion in assets under management as of March 31, 2020. Delta Air Lines is one of the world's largest airlines by revenues and passenger volume.
MUFG is one of the world's largest financial institutions by assets, with approximately $3.1 trillion.1