Macquarie Asset Management, PGGM Infrastructure Fund and Australian Retirement Trust (ART), shareholders of Macquarie AirFinance, are backing the $2.2 billion acquisition of an aircraft portfolio from ALAFCO Aviation Lease and Finance Co. (ALAFCO).
Macquarie AirFinance, a provider of aircraft leasing and financing solutions, has a portfolio consisting of 189 aircraft leased to 77 airlines across 47 countries and an order book of 59 Airbus A320neo and A220-300 aircraft.
The Macquarie AirFinance shareholders will collectively contribute up to $600 million of new equity to the business to facilitate its purchase of 53 current and next-generation commercial passenger aircraft and an order for 20 Boeing 737 MAX aircraft from ALAFCO. The transaction will be supported with a $1.65 billion acquisition facility, underwritten by BNP Paribas, Citibank, MUFG Bank and Natixis.
“This strategic acquisition will enable Macquarie AirFinance to grow its network of customers glo
