GA Telesis and Tokyo Century launched a new joint venture lending platform, HALO AirFinance, which will serve as the exclusive debt origination channel for GA Telesis and Tokyo Century, with a focus on secured direct lending to airlines, lessors and investors, and covering the collateral spectrum from new to mid-life aircraft. HALO will be positioned in the aviation finance sector with a combination of the respective structuring and financing expertise and asset and technical capabilities of GA Telesis and Tokyo Century.
HALO is set to launch its first fund, HALO One, in partnership with InterVest Capital Partners, an investor in both aviation and the specialty finance sectors.
“GA Telesis has been our longstanding aviation investment partner for over ten years, and the HALO lending strategy is a natural and opportune evolution of our collective capabilities,” Michael Gontar, CEO of InterVest Capital Partners, said.
HALO One will have a revolving credit facility led by Citigroup as structuring agent and Fifth Third Bank as co-lead arranger.
“There is a substantial opportunity to address the need for smarter asset-focused lending in the aviation industry,” Abdol Moabery, CEO of GA Telesis, said. “HALO is unmatched as a lending platform given its extensive originations footprint, direct access to market values and comprehensive in-house technical capabilities.”