Dublin-based ASL Aviation Holdings has secured a long-term loan and revolving credit facility with Investec Aviation Finance worth USD104.1 million, leveraging a total of 18 aircraft to support its operations, including ten freighters and eight passenger-configured planes.
The transaction involves refinancing and upsizing existing facilities with Investec and other lenders. Investec has had a longstanding relationship with ASL and aims to continue supporting them in the future.
The passenger aircraft involved in the transaction are placed at ASL Airlines France and FlySafair, while the ten freighters securing the revolving credit facility are with carriers across Africa, Asia, and Europe.
ASL Aviation Holdings owns, operates, and manages approximately 160 aircraft through its subsidiaries and associate airlines, including ASL Airlines Ireland, ASL Airlines Belgium, ASL Airlines France, ASL Airlines Australia, and ASL Airlines UK.
