3 July 2019
McCann FitzGerald advises BBAM Aviation Services in connection with the Horizon II Asset Backed Securitisation involving 20 Aircraft
Following on from the Horizon I ABS deal which closed in Q4 2018, we also advised BBAM Aviation Services on the Horizon II ABS involving 20 BBAM managed aircraft. The US$485 million Horizon Aircraft Finance II ABS is backed by a portfolio of 20 narrow-body aircraft with an initial assessed value of approximately US$570 million.
The proceeds from the notes sale will be used to acquire the aircraft, on lease to 16 airlines in 13 countries.