Burnham Sterling closes eight aircraft private placement with Avianca Holdings

Burnham Sterling Securities, an investment bank specializing in transportation asset finance, has acted as lead arranger and sole book runner in a privately placed transaction for Avianca (AVH), Latin America’s second largest airline, for eight aircraft, including six Airbus A320 family and two Boeing 787 aircraft. The transaction utilized the Enhanced Aviation Investment Vehicle (EAIV) private EETC[1] Structure, which was developed by Burnham Sterling. The last of the eight aircraft delivered in December 2015. The total Burnham Sterling EAIV financing provided to Avianca accounted for 65% of the Company total fleet financing needs for the year 2015.