Castlelake, a global alternative investment firm with about 17 years of experience investing in, financing and managing aviation assets, deployed $100 million through two new transactions in its aviation lending program.
The first transaction is a $75 million senior secured loan through a syndicated facility to a global aviation services group that will be used to finance cargo aircraft. The second transaction is a $25 million senior secured loan to a European long-haul airline that is secured by an engine supporting the airline’s global fleet. These recent transactions further support the expanding footprint of Castlelake’s aviation lending program.
“As airlines continue to look for bespoke financing in the current economic environment, we see a growing demand for our capital solutions,” Evan Carruthers, managing partner and chief investment officer of Castlelake, said. “Since we hired Armin Rothauser to launch and build the aviation Lending Program in late 2020, we’ve experienced great momentum and look forward to continuing to provide financing options that we believe help businesses achieve their goals while creating favorable outcomes for our stakeholders.”
Castlelake has originated, purchased or committed approximately $5.4 billion and expects to continue as it works with aircraft operators as a capital provider.
