Macquarie AirFinance Acquires $2.2B Aircraft Portfolio from ALAFCO
January 10, 2023
Macquarie AirFinance, with backing and equity from Macquarie Asset Management, PGGM Infrastructure Fund and Australian Retirement Trust (ART), will acquire a $US2.2 billion aircraft portfolio from ALAFCO Aviation Lease and Finance Company K.S.C.P. The deal — supported by a $US1.65 billion acquisition facility underwritten by BNP Paribas, Citibank, MUFG Bank and Natixis — will expand and modernize Macquarie AirFinance's fleet and improve its emissions profile; ALAFCO shareholders approved the transaction and completion was expected in 2023.
- Buyers
- Macquarie AirFinance, Macquarie Asset Management, PGGM Infrastructure Fund, Australian Retirement Trust (ART)
- Targets
- ALAFCO Aviation Lease and Finance Company K.S.C.P.
- Sellers
- ALAFCO Aviation Lease and Finance Company K.S.C.P.
- Industry
- Aerospace & Defense
- Location
- Kuwait
- Transaction Type
- Divestiture
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