Merx Aviation has launched a new asset backed securitisation transaction, MAPS 2019-1, which will partially refinance the RISE ABS transaction that closed in February 2014. The RISE transaction was initially issued and serviced by GECAS with Merx as an equity investor. Over the past year, Merx replaced GECAS as servicer of RISE. Of the 19 aircraft in the MAPS 2019-1. Portfolio, 18 are currently owned by subsidiaries of the Issuers as part of the RISE securitisation. The other asset is currently owned and serviced by Merx and will be acquired by the Issuers. KBRA notes that RISE was renamed to
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