MUFG closes acquisition facility for aircraft pool

The $300 million the acquisition facility will support SKY Leasing with the purchase of 12 off-lease Boeing 737 MAX8s

NEW YORK, June 29, 2022 /PRNewswire/ — Mitsubishi UFJ Financial Group (MUFG) is pleased to announce the closing of a limited recourse acquisition facility for SKY Leasing (SKY), where the bank acted as co-arranging agent and co-lead arranger.

The facility is unique as it allows non-lease aircraft financing with structural upgrades.

“We are very pleased with the outcome of this acquisition facility,” said Matthew Crawford, EVP, Head of Capital Markets at SKY. “MUFG has been a great partner in helping us grow and diversify our fleet, a key pillar in executing our overall strategy.”

“SKY continues to be a strategic customer for our aviation franchise,” says Olivier Trauchessec, co-head of global aviation at MUFG. “We appreciated SKY’s trust and creativity, and we look forward to supporting the team with future funding.”

MUFG led and co-structured the last two SKY warehouses. Additionally, MUFG acted as a co-structuring agent in SKY’s latest ABS (SLAM 2021-1).

About SKY Leasing

SKY Leasing (“SKY”) is a leading aircraft leasing asset manager with offices in Dublin, Ireland and San Francisco, California. It was founded in 2019, in partnership with M&G Investments which acquired a stake in the company. Since January 2020SKY Leasing executed $3.5 billion aircraft transactions across all of its funds under management. From May 2022, the portfolio has a weighted average age of 2.1 years and a weighted average remaining lease term of 10 years. SKY’s corporate mission is to be a leading provider of capital to airlines worldwide. For more information about SKY Leasing, visit www.skyleasing.com.

About the U.S. operations of Mitsubishi UFJ Financial Group, Inc., including MUFG Americas Holdings Corporation

The US operations of Mitsubishi UFJ Financial Group, Inc. (MUFG), one of the world’s leading financial groups, has total assets of $332.4 billion at March 31, 2022. Within this total, MUFG Americas Holdings Corporation (MUAH), a financial holding company, bank holding company and intermediate holding company, has total assets of $159.2 billion at March 31, 2022. MUAH’s principal subsidiaries are MUFG Union Bank, NA and MUFG Securities Americas Inc. MUFG Union Bank, NA provides a wide range of financial services to consumers, small businesses, middle market businesses and large corporations. From March 31, 2022, MUFG Union Bank, NA operated 297 branches, consisting primarily of retail banking branches in the West Coast states. MUFG Securities Americas Inc. is a registered securities dealer that engages in capital markets origination transactions, domestic and foreign debt and equity securities transactions, private placements, secured financings and securities borrowing and lending transactions. MUAH is owned by MUFG Bank, Ltd. and Mitsubishi UFJ Financial Group, Inc. MUFG Bank, Ltd., a wholly owned subsidiary of Mitsubishi UFJ Financial Group, Inc., has offices in Argentina, Brazil, Chile, Colombia, Peru, Mexicoand Canada. Visit www.unionbank.com or www.mufgamericas.com for more information.

About MUFG

Mitsubishi UFJ Financial Group, Inc. (MUFG) is one of the world’s leading financial groups. Based at Tokyo and with over 360 years of history, MUFG has a global network with approximately 2,500 locations in over 50 countries. The group has approximately 170,000 employees and offers services such as commercial banking, trust banking, securities, credit cards, consumer credit, asset management and leasing. The Group aims to “be the most trusted financial group in the world” through close collaboration between our operating companies and to respond flexibly to all the financial needs of our customers, serving society and promoting shared growth and sustainability for a better world. Shares of MUFG trade on the Tokyo, Nagoyaand New York scholarships. For more information, visit https://www.mufg.jp/english.

Press contacts:
Oksana Poltavets
(646) 767-1326
[email protected]

SOURCE MUFG

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