Royal Aero GmbH and Aquila Air Capital Clear Funding for 3 B737-800s

Front profile of a Boeing aircraft
Photo Credit: Royal Aero GmbH

LONDON – Ashland Place Finance LLC, a New York based commercial aviation finance company has announced that they have successfully completed funding for three Boeing 737-800 for Germany based Royal Aero GmbH and US based Aquila Air Capital.

Ashland Place Finance LLC, an institution established in 2002 offers array of services in the aviation sector ranging from airlines, lessors and MRO’s.

The company has diversified its portfolio into aircraft and engine leasing, trading, auxiliary parts supply and material management along with technical consultancy services for the aviation market around the globe.

Speaking on this milestone, Ashland Place’s Executive Director and Group Head, Ms. Jennifer Villa expressed that “We are delighted to add Royal Aero and Aquila as new clients to Ashland Place’s growing platform.”

“Since the launch of Ashland Place just under one year ago, we have completed financing for 11 financial sponsors and lessors, and we are proud to continue building on this momentum through partnerships with dedicated aviation firms like Royal Aero and Aquila.”

About Royal Aero GmbH

Royal Aero GmbH, a Miesbach, Germany based aviation leasing and trading company dealing with mid-life and older commercial aircrafts and engines is a well respected firm in the commercial aviation fraternity.

It is one of the biggest independent European based suppliers of surplus Original Equipment Manufacturer (OEM) parts and is well known for the procurement service platform to the aviation industry along with being a top aviation engineering consulting firm.

Royal Aero classifies itself as purchaser, outsourced MRO and reseller of OEM engine parts from its pool of assets. But the diversified business model of Royal Aero also includes leasing and trading of aircraft and engines, alongside overhaul utilizing its engineering consultancy services using their award-winning Midas Online Software.

As the finance completion was warmly welcomed by Royal Aero, Chief Executive Officer, Calum MacLeod said “As we further build out our asset portfolio, we need the ability to react quickly and take advantage of attractive opportunities with quality airline credit.”

“Thanks to Ashland Place team and their diligent efforts, we were able to achieve a rapid closing of this transaction through a coordinated and streamlined process.”

About Aquila Air Capital

Aquila Air Capital, backed by Warburg Pincus private equity firm, is a special finance platform catering for asset financing in partnership with industry stakeholders, along with leasing of aircraft, engines, and other aviation equipment. Aquila Air Capital is a leading player in value chain creation via its creative and timely induced solutions.

Speaking on this occasion, Chief Executive Officer of Aquila Air Capital, Al Wood said that “We are excited to have partnered on this transaction with Royal Aero and Ashland Place. Our teams came together quickly and efficiently to deliver an attractive solution.”

As the deal has reached its conclusion, all three B737-800 involved in this deal are currently being operated on lease to a major European carrier. Another contributor to this deal were Allen & Overy LLP, who served as legal counsel for Ashlan Place, while McGuire Woods were represented Royal Aero and Aquila on successful conclusion on this transaction.   

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