Korean institutions provide 100% financing for Emirates A380 operating lease

Magi Partners, working in conjunction with its Seoul–‐based joint venture partner Youjee Partners, has arranged the purchase of an A380‐800 on lease to Emirates from Stellwagen Finance Company Limited, the holding company for Aviation Finance Company (AFC). AFC initially arranged 100% of the bridge capital for Magi Partners and Youjee Partners, facilitating the lease novation and sale. Magi Partners and Youjee Partners have placed the operating lease for the A380-800 entirely with the Korean institutional investor market by means of a private placement with a group of Korean non-bank financial institutions, investing through a Korean fund structure. This transaction marks