Abelo, the specialist turboprop aircraft lessor, has announced the successful closing of a new warehouse financing facility of up to US$750 million. This significant funding milestone marks a major step forward in the company's expansion plans, providing a solid foundation for its next phase of growth within the regional aircraft leasing sector.
The facility was underwritten by Deutsche Bank, which acted as Sole Structuring Agent. Both Deutsche Bank and MUFG served as joint lead arrangers on the transaction. The financing strengthens Abelo's capacity to pursue attractive opportunities in the regional aviation market, supporting its ambitions to grow both its fleet and customer base.
This new commitment follows Abelo's recent acquisition by an affiliate of Cerberus Capital Management, L.P. (Cerberus), signalling a new era for the company. The investment from Cerberus enhances Abelo's capital position, enabling it to accelerate the execution of its long-term strategic vision.
Commenting on the announcement, Stephen Gorman, CEO of Abelo, stated: “Securing this facility represents another important milestone for Abelo. With the support of our new investor and key financing partners, we are in a strong position to strategically scale our platform, serve our customers, and continue leading the transition to more sustainable and efficient regional aviation.”
The financing underscores growing confidence in Abelo's business model and leadership team, as well as the continuing demand for modern, fuel-efficient turboprop aircraft in regional markets around the world.
