ADGM attracts Airborne Capital, Stellwagen Group and IAFC

Eleanor Steed
By Eleanor Steed January 23, 2018 16:28

ADGM attracts Airborne Capital, Stellwagen Group and IAFC

Abu Dhabi Global Market (ADGM) is in the process of licensing three aviation leasing companies, specifically Airborne Capital, Stellwagen Group and International Airfinance Corporation (IAFC).

Dhaher Bin Dhaher Al Mheiri, CEO of the ADGM Registration Authority remarked, “We are pleased to welcome Airborne Capital, Stellwagen and IAFC to ADGM’s growing family. The interest from the three companies to join ADGM was based on the potential for the sustainable growth of Abu Dhabi’s aviation finance sector”

“The aviation ecosystem established by ADGM allows companies to integrate existing operational businesses such as lessors, banks, and law firms with extensive legal structures available such as trusts, funds and best in class Special Purpose Vehicles (SPVs) tailored to aviation financing underpinned by English Common law” Al Mheiri added.

Another influencing factor is the distinctive tax savings offered. ADGM has 0% corporate tax and a plethora of double taxation treaties which have been benchmarked against other global hubs and acquired positive results, according to ADGM.

David Butler, Group Chief Operations Officer, Stellwagen Group added “Stellwagen is delighted to be working closely with the ADGM to launch a new leasing company in the near future. We see significant unique opportunities in the Gulf region for further growth”

Eleanor Steed
By Eleanor Steed January 23, 2018 16:28