ASL will use the funds to proceed its fleet renewal programme which has thus far seen the worldwide aviation companies supplier agree 40 conversion slots with Boeing for the B737-800BCF (Boeing Transformed Freighter).
DUBLIN – ASL Aviation Holdings DAC has closed a brand new credit score facility organized by main worldwide monetary establishment, Goldman Sachs. The settlement makes US$155 million obtainable to ASL to be drawn down as required over a 15-month interval. The power is an enhanced secured time period mortgage and Goldman Sachs served as sole lead arranger and placement agent. Clifford Probability served as authorized counsel to ASL Aviation Holdings DAC and Milbank served as authorized counsel for the lenders.
The settlement builds on ASL’s relationship with Goldman Sachs following the announcement of an preliminary facility of US$125million in April 2021 and a rise of that facility to US$200million in July 2022. Goldman Sachs acted as a lender on the ability.
ASL will use the funds to proceed its fleet renewal programme which has thus far seen the worldwide aviation companies supplier agree 40 conversion slots with Boeing for the B737-800BCF (Boeing Transformed Freighter).
“With the aviation trade recovering from the monetary turmoil brought on by the pandemic, this settlement displays the underlying energy of ASL Aviation Holdings”, mentioned Group Chief Monetary Officer, Mark O’Kelly.
“This facility will probably be utilised solely for our persevering with BCF programme, and the indicative fee achieved demonstrates the robust confidence out there for our fleet renewal plans and our enlargement technique”, he mentioned.
ASL’s unique affirmation of 10 BCF slots with Boeing has now grown to 40, and ASL is now the biggest operator of the B737-800BCF by way of ASL airways in Eire, Belgium and France. The sixteenth plane in ASL’s BCF programme is predicted to enter service later this month.
“We’re delighted with the help proven for our market plans and positioning by Goldman Sachs, a extremely revered monetary establishment”, mentioned Mark O’Kelly. “Their perception and help for ASL’s growth and positioning as a world market chief is heartening and a sign that we’re heading in the right direction as we develop our fleet to fulfill buyer wants, whereas additionally considerably lowering our carbon emission footprint”.
This week ASL Aviation Holdings introduced the acquisition of Australian airline Pionair.
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