Aero Capital Solutions (ACS), a leading mid-life aircraft leasing platform, has acquired twenty A320 family aircraft from easyJet Airline Company on a sale-and-leaseback basis. The transactions were completed in two tranches during 2020.
“Working collaboratively with our airline partners, we are able to build highly competitive and tailored solutions which support fleet development needs,” said Daniel Watson, ACS’ Chief Commercial Officer. “easyJet is one of the leading low-cost carriers in Europe, and including this recent transaction, is strategically well-positioned to emerge from the pandemic even stronger than before.”
The transaction was supported by Deutsche Bank and volofin Capital Management who acted as lenders to the transactions. Vedder Price represented ACS, Norton Rose Fulbright represented easyJet and Milbank represented the lenders.
