Zephyrus Aviation Capital closed on a $350 million warehouse finance facility with Deutsche Bank AG, New York Branch, acting as the sole structuring agent and lead arranger, with aircraft scheduled to be placed into the facility in the coming days and weeks.
This is the first warehouse facility for Zephyrus and follows the successful launch of the company’s ZCAP 2018-1 ABS facility a little over a year ago. The closing also comes on the heels of a year in which the organization undertook significant growth and expansion.
“After the success of our initial ABS, it was a pleasure to once again work with Deutsche Bank and our other partners on this warehouse facility, as this continuity allows us to more efficiently execute our business growth and development plans. This new facility, coupled with our highly skilled team and existing equity, will enable us to be even more responsive in providing solutions in the mid- to late-life aircraft market,” said Zephyrus President and CEO, Damon J. D’Agostino.
Working closely with Deutsche Bank, the parties were able to craft a facility that is specially designed for mid- to older-life aircraft and the unique financing opportunities that they present.
Who is Zephyrus Aviation Capital
Launched in 2018, Zephyrus is led by a highly-skilled executive team and backed by Virgo Investment Group, a private investment firm based in the San Francisco Bay area.
Zephyrus is an aircraft and engine leasing and trading company led by a team of industry veterans and focused on aircraft which are in the mid to mature stage of their lifecycle.
The company is a fleet management solutions provider with a customer-centric approach that creates value for all stakeholders.