CDPQ (a global investment group) and SMBC Aviation Capital (the world’s second-largest aircraft leasing company) announced they had finalized an agreement to create a $1.5 billion global aircraft financing and leasing platform dedicated to modern, fuel-efficient NextGen aircraft.
This new platform will focus on worldwide opportunities in new technology aircraft and target an initial deployment of $500 million per year over three years. SMBC Aviation Capital will source transactions and, under a sistership condition, invest in opportunities alongside the platform. SMBC Aviation Capital will also act as a servicer of the platform, which will operate under the banner of Maple Aircraft Company Holdings Limited.
KEY QUOTES:
“Building on CDPQ’s experience in the aircraft financing industry, through this new platform, we will continue to provide flexible financing solutions for airlines to meet their future fleet requirements. We’re delighted to partner with SMBC Aviation Capital, an industry leader with a successful track record, who has demonstrated their commitment to sustainable aviation, to find the best opportunities in the commercial aircraft industry and to achieve attractive risk-adjusted returns over the long term.”
– Marc Cormier, Executive Vice-President and Head of Fixed Income at CDPQ
“We are pleased to partner with CDPQ on this new platform to benefit our airline customers worldwide. CDPQ is an experienced, well respected, global investment group, which is aligned with our own views on capital allocation and a sustainable aviation industry. We look forward to working with our new partners over the coming years on this collaboration.”
– Peter Barrett, Chief Executive Officer at SMBC Aviation Capital
