Abelo, a specialist turboprop aircraft lessor, has successfully closed a US$190 million financing facility for a portfolio of 20 turboprop aircraft. The deal was underwritten by MUFG EMEA, Deutsche Bank AG (New York branch), and Société Générale. Both MUFG EMEA and Deutsche Bank acted as co-structuring agents, while all three banks participated as senior lenders, with MUFG EMEA also serving as the junior lender.
Stephen Gorman, CEO of Abelo, described the financing as a significant milestone in the company’s long-term strategic plan, reinforcing their position in the market as a dedicated turboprop lessor. “It strengthens our position in the market… and underscores the confidence we have in the future of regional aviation,” he said, highlighting the financing as the first step in Abelo’s broader vision for growth and innovation in regional aircraft leasing.
Richard Hill, CFO of Abelo, expressed gratitude to the financial institutions involved, noting that the financing reflects the confidence in the resilience and potential growth of the regional aircraft market, particularly the turboprop sector.
Abelo, based in Ireland, focuses on leasing turboprop aircraft for regional aviation, with a mission to transition to advanced, low-emission technologies. The company sees turboprops as a sustainable solution for connecting communities and businesses in an economically and environmentally responsible way.
