HALO AirFinance, a joint venture between GA Telesis and Tokyo Century, closed a credit facility for Republic Airways, a U.S. regional airline, to finance a portfolio of GE CF34-8E engines. This is the inaugural transaction executed under HALO’s first fund, HALO One, which was launched last month in partnership with InterVest Capital Partners.
“Republic Airways is a market leader in the regional airline sector, and we are thrilled to announce them as our launch customer,” Marc Cho, co-head and managing director of HALO, said. “This is the first of several financings in our pipeline, and we look forward to announcing many more transactions in the coming weeks and months.”
“HALO demonstrated a high level of underwriting expertise to deliver a compelling financing package for our engine assets,” Joe Allman, CFO of Republic Airways, said. “Their clear understanding of the asset class and insights into the nuances of our engine operations made structuring the transaction seamless from the onset.”
GA Telesis and Tokyo Century launched HALO as a bespoke lending platform focused on secured debt solutions for airlines, lessors and investors across a broad spectrum of aircraft and engine types.
