Floreat Group enters aviation finance and leasing sector

Global Fixed Income Fund I has financed the US$26m junior tranche of a 12-year finance lease for two Boeing Aircraft operated by Norwegian Air Shuttle. The senior lender is Norddeutsche Landesbank Girozentrale (Nord/LB) with a loan volume of US$68m. Doric GmbH is responsible for the asset management of the aircraft. Floreat Group is a privately-held, London-based independent financial group, with investments in debt, real estate and public and private equities.