Dublin, Ireland: On 26 June 2019, Zephyrus Aviation Capital ("Zephyrus") was awarded the Best Used Aircraft Deal for 2018 during Ishka's annual Dublin aviation conference. The Ishka Deal of the Year Awards highlight and celebrate the best aircraft financings of 2018, recognizing airlines, lessors and investors in ten different categories.
The award was conferred in connection with Zephyrus' initial Asset Backed Securities (ABS) transaction, ZCAP 2018-1, valued at $336.6M and covering 21 mid- to late-life Airbus and Boeing aircraft. Over 85% of the aircraft were closed into the ABS structure within the initial three months after closing.
Launched in 2018, Zephyrus is led by a highly-skilled executive team and backed by Virgo Investment Group, a private investment firm based in the San Francisco Bay Area. The transaction marked the first time a newly-launched platform and first-time issuer has acquired aircraft directly into an ABS structure. The single A-tranche structure has a fixed coupon of 4.605% with a yield of 5.153%, and an LTV of 74%. The ABS has been rated A / A by S&P Global Ratings and Kroll Bond Rating Agency, respectively.
ABOUT ZEPHYRUS AVIATION CAPITAL
Zephyrus is an aircraft and engine leasing and trading company led by a team of industry veterans and focused on aircraft which are in the mid to mature stage of their lifecycle. Utilizing unparalleled industry relationships, leveraging a proven industry track record of transactional success, and employing innovative strategies, Zephyrus is a fleet management solutions provider with a customer-centric approach that creates value for all stakeholders. Zephyrus' in-depth knowledge of aviation assets, coupled with industry leading partnerships, allows for innovative solutions across the aviation industry. For more information, please visit www.zacap.aero or email firstname.lastname@example.org.