The USD 300 million acquisition facility will support SKY Leasing with the purchase of 12 off-lease Boeing 737 MAX8 aircraft
Mitsubishi UFJ Financial Group (MUFG) is pleased to announce the closing of a limited recourse acquisition facility for SKY Leasing (SKY), where the bank acted as Co-Structuring Agent and Joint Lead Arranger.
The facility is unique as it provides the financing of off-lease aircraft with structural enhancements.
"We are very pleased with the outcome of this acquisition facility," says Matthew Crawford, EVP, Head of Capital Markets at SKY. "MUFG has been a great partner in helping us build out and diversify our fleet, a key pillar to executing on our overall strategy."
"SKY continues to be a strategic client for our aviation franchise," says Olivier Trauchessec, Co-Head of Global Aviation at MUFG. "We appreciated SKY's trust and creativity, and look forward to supporting the team with future financings."
MUFG has led and co-structured SKY's last two warehouse facilities. In addition, MUFG acted as Co-Structuring Agent of SKY's most recent ABS (SLAM 2021-1).