ACIA Aero Leasing, a regional aircraft lessor, has completed a financing transaction with volofin Capital Management, a finance and alternative asset management firm, for the refinancing of two ATR 72-600s, which are currently on lease to Emerald Airlines.
The transaction also included an accordion facility to fund an additional aircraft, which ACIA used a portion of to support the closing of a sale and leaseback of two ATR 72-600s operating with EWA Air.
“We are delighted to welcome volofin as a new lending partner to ACIA,” said Bradley Gordon, SVP Corporate Finance and Risk at ACIA. “The volofin team provided a flexible facility designed to meet our specific requirements. The efficiency with which we completed two transactions in such a short timeframe is a testament to the professionalism and commitment of the volofin team. Adding volofin to our lender pool is a significant step in our continued efforts to diversify and strengthen our financing base, and we look forward to building a long and productive relationship.”
“We are very pleased to have established this new relationship with ACIA Aero Leasing,” commented Robert Jack, Co-CEO and co-founder of volofin. “ACIA has built an impressive profile in the turboprop leasing market. We look forward to supporting ACIA’s continued growth and exploring further opportunities together.”
Photo: ACIA Aero Leasing
