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Call for capital
03 November 2008
Aviation funds are becoming important sources of alternative financing. Will Roberts looks at some of the big hitters.
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Alafco
Allco
aviation funds
Deutsche Capital Management
Deucalion
Falak
GSI
In these times of diminished liquidity airlines can rely on alternative sources of capital in the form of established aviation funds. This survey looks at the major players in the market.
Alafco
Kuwait lessor Alafco is set to launch a new aviation fund with a portfolio worth between $1 billion and $1.5 billion. The fund will consist of between 25 and 30 narrowbody aircraft. A regional bank will provide 20% equity for the fund; Alafco will raise the debt.
The fund, which is yet to be named, is exclusive to one investor, but Ahmad A Alzabin, chairman and chief executive, will be looking to grow it.
Alafco, which provides sharia-compliant leasing, also co-manages the Millennium Aircraft Leasing Fund.
Amur Capital
Cecilia Park and Mostafiz ShahMohammed, both previously managing directors at UBS, left the bank at the end of May and formed a new private equity company, Amur Capital Management....
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