IAFC is pleased to announce that the Aircraft Leasing Islamic Fund (‘ALIF’) that is exclusively managed by IAFC has been awarded ‘Best Islamic Fund 2017’ by Global Islamic Finance Awards (GIFA).
New Islamic Finance Leadership Award
IAFC wins “Operating Lease Deal of the Year 2016” by the Airfinance Journal for the Saudia aircraft leasing transaction
International Airfinance Corporation (“IAFC”) is pleased to announce that it has been awarded “Operating Lease Deal of the Year 2016” by the Airfinance Journal’s Deals of the Year.
First A330-300 Airbus aircraft delivery to Saudi Arabian Airlines
International Airfinance Corporation is pleased to announce that to date it had delivered three (3) A330-300 Airbus aircraft to Saudi Arabian Airlines.
IAFC wins “Best Syndicated Murabaha Facility: US$400m agreement” by EMEA Finance.
IAFC is pleased to announce that it was awarded “Best Syndicated Murabaha Facility: US$400m agreement” by EMEA Finance. EMEA Finance is an integrated publishing house, producing premier
Successful Sale of First A330-200 Under Management
International Airfinance Corporation achieves another milestone with the successful sale of MSN 1653 at the conclusion of its lease to Kuwait Airways Company, facilitating a seamless transition of A330-200. The sale represents a significant achievement and further solidifies IAFC’s position in the industry.
IAFC Concludes Successful Refinancing of (32) Aircraft, USD(1.2) bln in debt
International Aviation Finance Corporation (IAFC) successfully finalized the refinancing of (32) aircraft, serving as both servicer and manager in the transaction. The total amount of the deal reaches USD (1.2) billion. This accomplishment underscores IAFC’s expertise in aviation finance and commitment to optimizing financial solutions for its stakeholders.
Rolls-Royce Trent 700 Engines Worth $930M Selected by International AirFinance Corporation
Rolls-Royce has been selected by International AirFinance Corporation (IAFC) to provide Trent 700 engines, worth $930m, for 20 Airbus A330 Regional aircraft. The Trent 700 is the clear market leader on the A330 with more than 60 per cent of new orders over the last three years. The Trent 700 now accounts for 90 per cent of A330 freighters in service and on order.
Moulay Omar Alaoui, International AirFinance Corporation, President and CEO, said: �We selected the Trent 700 as the best solution in terms of economics and reliability.
Eric Schulz, Rolls-Royce, President Civil Large Engines, said: We welcome our customers confidence in the Trent 700 as the best solution for fuel burn, emissions and noise performance as well as delivering unrivalled reliability for Middle East operations.
More than 1,500 Trent 700s are now in service or on firm order, making it the largest in-service Trent engine.
IAFC heads Saudi Arabian Airlines largest ever aircraft leasing accord
RIYADH — International Airfinance Corporation (IAFC) has appointed Quantum Investment Bank and Palma Capital, both regulated by the Dubai Financial Services Authority, as exclusive Arrangers for Saudi Arabian Airlines ‘ largest ever aircraft leasing deal.
The deal consists of arranging debt and equity financing to acquire 30 Airbus aircraft A320-200 models and 20 aircraft A330-300 models to be leased to Saudi Arabian Airlines .
Aviation & Transport reports Ammer Al-Selham, chairman of the board of Quantum Investment Bank as saying: “Quantum aspires to strengthen its relationships with public and private institutions in Saudi Arabia in the near future and provide them with Shariah-compliant financing solutions.”
“We consider this as our modest contribution to the development of our economy and in line with the vision of our wise leadership towards a stronger Saudi economy and the well-being of its people.”
Saudi Arabian Airlines , the national carrier of Saudi Arabia, will become the first airline in the world to operate the Airbus A330-300 Regional, following an operating lease agreement signed with IAFC for 20 A330-300 Regional and 30 A320ceo.
Commenting on the announcement, Dr. Idriss Ghodbane CEO of Quantum Investment Bank, said: “I would like to thank our team who have been working for more than a year on this transaction. We at Quantum aim to provide our clients with the most innovative financing solutions in a Shariah-compliant manner and introduce to our investor base selected landmark transactions with attractive risk return profile.”
Moulay Omar Alaoui, CEO of IAFC and also chairman of Palma Capital, added: “We are very pleased to partner with IAFC and Quantum in this transaction. Palma is bringing a strong expertise in the aviation sector and a deep knowledge of the industry.” The move comes 12 months after Quantum and Palma were retained as the exclusive placement agents for the launch of a Shariah-compliant aircraft leasing fund (ALIF Fund) to be managed by the IAFC with Airbus and the Islamic Development Bank as anchor investors and strategic partners.
The aircraft leasing fund was launched at a signing held in London on June 23, 2014. The ceremony was hosted by Prince Turki Bin Salman Bin Abdulaziz Al Saud, chairman of the board of Quantum in the presence of the Airbus delegation led by Habib Fekih, president of Airbus Group MENA. Moulay Omar Alaoui, chairman of Palma and Dr. Idriss Ghodbane, CEO and board member of Quantum were present.
With a targeted size of US$5 billion from a combination of equity and debt, the fund aims to focus exclusively on Airbus aircraft. The objective of the Fund is to achieve a risk-adjusted medium to long-term capital appreciation while generating a quarterly cash dividend to investors. The Fund operates according to Shariah principles and will purchase brand new and second hand Airbus aircraft to be leased to airline companies in the Gulf Cooperation Council and Organization of Islamic Conference member countries.
Lessor International Airfinance Corporation Places Firm Order for up to Nine Airbus A330-200 Aircraft
International Airfinance Corporation (“IAFC”) has signed a firm purchase agreement for five Airbus A330-200 aircraft. The agreement also includes options for an additional four A330-200 aircraft.
Based on list price, the contract value for IAFC’s transaction covering five Airbus A330-200 aircraft and four options is approximately $2 billion US Dollars. Firm Aircraft are already placed on long term operating lease with a flag carrier.
“We are very pleased with this inaugural acquisition for IAFC which constitutes a first step in our development to become a significant player in the Middle-East, we are working to conclude other aircraft acquisitions in order to develop our leasing portfolio” said Moulay Omar Alaoui, President and CEO of International Airfinance Corporation.
“IAFC is building a portfolio with reputable and creditworthy lessees. This acquisition will enable us to place a significant number of aircraft with prime lessees from the Middle East and will contribute to the performance of our investor’s return.” added Dr. Idriss Ghodbane Managing Partner & Board member of IAFC.
The Middle East based Lessor, International Airfinance Corporation, is the Manager of Sharia compliant ALIF Fund (USD 5 billion targeted size) launched in June 2014 and seeded by Airbus and the Islamic Development Bank.
“Following the launch of the fund in June 2014, Airbus is delighted to see this first transaction with leases to a core customer in the Middle East and we are looking forward to expanding our relationship with the ALIF fund” said Nigel Taylor, Senior Vice President Customer, Project and Structured Finance of Airbus Group.
Airline Economics Aviation 100 Middle East, Africa Awards 2017
IAFC is pleased to announce that it has been awarded “Islamic Structured Finance Deal of the year” by the Airline Economics Aviation 100 Middle East, Africa Awards 2017. The Aviation 100 recognises the year’s most outstanding performers in the aerospace industry.