Aircraft lessors are tapping into the capital markets this quarter, with AerCap, NAC and one out with new issuances (see European Lessor News) and another large lessor poised to announce a $500 million issuance later today. Meanwhile, Stellwagen Capital has given its first loan from its recently launched Senior Loan investment vehicle (Stelloan Investment Company I DAC). The 10-year loan to CALC is secured against a new Airbus A321 valued at $116 million, at current list prices. The loan has a balloon structure, which Stellwagen says makes it a very attractive financing option for leasing companies and airlines as it

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