CDPQ and SMBC Aviation Capital, the world’s second-largest aircraft leasing company, have 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, spread across three years.
As part of the partnership, SMBC Aviation Capital will source transactions and invest in opportunities alongside the platform. SMBC Aviation Capital will also act as servicer of the platform, which will operate under the banner Maple Aircraft Company.
“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,” said Marc Cormier, executive vice president and head of fixed income at CDPQ.
Peter Barrett, CEO