The debut aircraft lease securitization of Ireland-based Elix Aviation Capital is also the market’s first transaction backed exclusively of turboprop aircraft.

Prop 2017-1 is a $411 million ABS comprised of three classes of loans that will finance 63 aircraft that Elix has on lease to 17 airlines.  The aircraft in the pool make up the bulk (82.9%) of the entire fleet owned by Elix, which is majority owned by Oaktree Capital Management.

Subscribe Now

Access to a full range of industry content, analysis and expert commentary.

30-Day Free Trial

No credit card required. Access coverage of the securitization marketplace, including breaking news updated throughout the day.