Azorra closes $300 million financing for Voyager Aviation Holdings

Fort Lauderdale, Florida, USA – December, 12 2023

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Azorra announces the closing of a US$300 million term financing facility for 14 of 16 aircraft the global lessor is acquiring from Voyager Aviation Holdings (VAH).  

The financing was underwritten in July 2023 by BNP Paribas (BNPP) and Deutsche Bank (DB) who acted as Global Coordinators and Bookrunners, with BNPP, DB, and MUFG acting as Mandated Lead Arrangers.

John Evans, Azorra’s CEO and founder, says: “This strategic financing marks a significant milestone in Azorra’s continued growth and diversification as we respond to market opportunities. By expanding our portfolio, we’re meeting the rising demand seen for widebodies as airlines rebuild their international capacity.”

Claudia Ziemer, Azorra’s SVP Finance, adds: “The continued support from BNP PARIBAS, and new relationships with Deutsche Bank and MUFG have been instrumental in making this financing a success. We look forward to further collaboration, drawing upon their commitment and expertise.”

Antoine Treguer, BNPP’s Managing Director, Relationship Manager, says: “BNP PARIBAS is very honored to continue supporting Azorra through our role in this acquisition of the Voyager portfolio. This move is a clear testimony of the proactivity and expanding strategy that characterizes the management of the company, with the full support of Oaktree Capital, demonstrating an efficient combination of experienced teams in the aviation sector. A growth journey is critical to become a global player, and BNPP is proud to continue the route with Azorra.”

Andrew Stratos, DB’s Head of US Aviation Financing, says: “We are excited to have closed this inaugural financing with Azorra. DB’s distinguishing strength in structuring mid-life transactions allowed us to differentiate ourselves from the market and deliver a timely underwritten commitment.”

Benoist de Vimal, MUFG’s Head of Aviation Originations in the Americas, says: “We are proud to have supported Azorra and its shareholders in this strategic transaction, as they diversify into the widebody space. We appreciate Azorra’s trust in our bank’s capabilities for this important milestone and look forward to supporting them with our expanded service offering in years to come.”

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ABOUT AZORRA

Azorra is a relationship-driven aircraft lessor that provides leasing, financing, fleet transition and asset management solutions to aircraft investors, financiers and airline operators worldwide. Azorra’s multi-cultural team reflects the global markets that we serve and includes core competencies in aviation law, aircraft finance, maintenance, marketing, sales and leasing. Our team is led by seasoned veterans having a shared history of success and is complemented with young professionals that bring fresh perspective, ideas and enthusiasm. Azorra currently owns and manages a fleet of 100 aircraft on lease to 30 operators in 23 countries on 5 continents around the world, with total commitments of more than 160 aircraft including orders for new Airbus A220-100/300 aircraft and Embraer E190/195-E2 aircraft. The company is headquartered in Fort Lauderdale, Florida, and has offices in Dublin, Toulouse and Seattle.

For additional information, please visit us at www.azorra.com or on LinkedIn.

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