Aviation Capital Group finances one A350-1000 for Virgin Atlantic

Aviation Capital Group (ACG) has provided a senior secured loan by Apple Bank to finance portion of the purchase of one Airbus A350-1000 aircraft delivered to Virgin Atlantic Airways. The deal was structured, arranged, and provided by Apple Bank. Rand Merchant Bank through FirstRand Bank Limited (London Branch) (RMB) provided a subordinated secured loan for a portion of the remainder of the aircraft purchase price. The Virgin Atlantic financing utilised ACG’s Aircraft Financing Solutions (AFS) program. The AFS program complements ACG’s operating lease business by providing customers with cost–effective aircraft financing solutions. Among operating lessors, ACG believes that it has