24 August 2017
McCann FitzGerald advises Sky Aircraft Leasing International Limited
McCann FitzGerald acted for Sky Aircraft Leasing International Limited, as originator and S-JETS 2017-1 Limited, as issuer, in respect of a US$780m asset backed securitisation transaction which completed on 22 August 2017.
The transaction involves a portfolio of 21 aircraft on lease to 16 different airlines. S-JETS 2017-1 Limited (a Bermuda incorporated Irish tax resident vehicle) issued 3 series of notes US$657.8m Class A Notes, US$81m Class B Notes and US$42m Class C Notes which were rated by Standard & Poor’s and Kroll Bond Rating Agency. The portfolio of aircraft will be serviced by Sky Aircraft Leasing International Limited.
Hilary Marren, Asset Finance Partner, led the McCann FitzGerald team.
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