Mobile Menu
Articles

Raising Capital in the Aircraft Sector: Bermuda’s Jet Age

November 2016 Jason Piney Neil Henderson

Bermuda has played a significant role in the global resurgence in aviation finance, in particular aircraft lessor securitization (ABS), and is established as the offshore jurisdiction of choice in aviation finance.

Offshore transactions involving aircraft leasing, lessor initial public offerings (IPOs) and innovative financings, including ABS are almost exclusively domiciled in Bermuda.

GE Capital Aviation Services’ (GECAS) June 2011 US$290 million aircraft engine securitization transaction, Rotor Ltd., saw the first pooled aviation securitized sale placed into the capital markets since 2007. Rotor Ltd. completed through Bermuda and was followed by other GECAS-sponsored deals in 2013 and 2014, including AABS Limited, Turbine Ltd. and RISE Ltd. demonstrating a renewed appetite for ABS transactions.

 

To continue reading full articles in PDF format:
Raising Capital in the Aircraft Sector: Bermuda’s Jet Age

 


Jason Piney
Director

Bermuda   +1 441 299 4993


Neil Henderson
Director

BERMUDA   +1 441 298 7846


Accolades
_

"Few firms can come close to Conyers on one critical metric, and this is the breadth of the client base."
- IFLR1000

Related Jurisdictions

Bermuda


Related International Offices

Bermuda
Dubai
Hong Kong
London
Singapore


Media Contact

For media enquiries, please contact media@conyersdill.com

Articles

Raising Capital in the Aircraft Sector: Bermuda’s Jet Age

28 November 2016 Jason Piney Neil Henderson

Bermuda has played a significant role in the global resurgence in aviation finance, in particular aircraft lessor securitization (ABS), and is established as the offshore jurisdiction of choice in aviation finance.

Offshore transactions involving aircraft leasing, lessor initial public offerings (IPOs) and innovative financings, including ABS are almost exclusively domiciled in Bermuda.

GE Capital Aviation Services’ (GECAS) June 2011 US$290 million aircraft engine securitization transaction, Rotor Ltd., saw the first pooled aviation securitized sale placed into the capital markets since 2007. Rotor Ltd. completed through Bermuda and was followed by other GECAS-sponsored deals in 2013 and 2014, including AABS Limited, Turbine Ltd. and RISE Ltd. demonstrating a renewed appetite for ABS transactions.

 

To continue reading full articles in PDF format:
Raising Capital in the Aircraft Sector: Bermuda’s Jet Age

 


Jason Piney
Director

Bermuda   +1 441 299 4993


Neil Henderson
Director

BERMUDA   +1 441 298 7846