06 December 2022 – / Dublin, Ireland, London, UK: volofin Capital Management Ltd. (“volofin”) and Zephyrus Aviation Capital (“Zephyrus”) have closed the acquisition financing of one A320 aircraft on lease to Wizz Air Hungary Ltd. (“Wizz”) as well as one A320 aircraft on lease to Concesionaria Vuela Compañía de Aviación S.A.P.I. de C.V. (“Volaris”).
The transaction follows the American Airlines, Inc. financing the parties entered earlier this year and is testament to the strong relationship between the two companies.
As per the precedent, volofin Capital Management Ltd. acted as sole Structuring Agent and Arranger while volofin Holdings D.A.C. acted as Facility Agent and Security Trustee.
Richard Genge, Director Fleet Strategy at Zephyrus, comments: “We are excited to grow Zephyrus’ existing relationship with volofin while also expanding our portfolio and customer base. Taking advantage of established transaction procedures between our companies contributes to a smooth and efficient closing, ultimately benefitting all parties involved. We look forward to our next transaction and thank the volofin team for their efforts as this transaction evolved.”
volofin’s Jan Bockelmann adds: “It is great to enhance our relationship with Zephyrus. To build on an existing template enabled a very efficient closing, something that we expect to benefit from going forward as well. It has been a great pleasure to work with all parties involved.”
Vedder Price acted as lead counsel for volofin, and Norton Rose Fulbright acted as lead acquisition counsel for Zephyrus.