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Airline Economics Aviation 100 Deals of the Year 2021 winners announced

Celebrating the aviation finance and leasing industry during a period of unprecedented stress.

Airline Economics, the flagship publication dedicated to the commercial aviation finance and leasing industry owned by Aviation News Ltd, has announced the winners of its tenth anniversary Aviation 100 Deals of the Year awards 2021.

“Judging the Aviation 100 Deals of the Year awards is always a challenge but this year has been much more difficult due to the sheer volume of aviation finance transactions closed in 2020 as airlines and lessors found ever-more innovative ways of raising much-needed liquidity in a stressed environment,” says Victoria Tozer-Pennington, editor and co-founder of Airline Economics. “The financial support provided by banks, investors, shareholders and governments has been unprecedented; borrowers and lenders have all had to pivot to adapt to the changing risk environment to survive the health crisis and the imminent recovery period. The deals we have selected in our annual awards reflect the hard work and creativity of the aviation finance community. Congratulations to all of our winners.”

Airline Economics has also been required to adapt rapidly to the changed operating environment. As a result, Airline Economics Growth Frontiers Dublin conference, usually held every January, went fully virtual for the first time and the annual Aviation 100 Global Leaders awards gala dinner was postponed. We had hoped to hold the event in May at a rescheduled live Dublin conference and exhibition but again this will not be possible so the live event is now scheduled for September where we will present the award winners with their trophies. But we didn’t want to wait that long to celebrate the achievements of the aviation finance industry in 2020.

In the latest issue of Airline Economics magazine, Issue 61, we celebrate the Aviation 100 Global Leaders Deals of the Year awards, which recognise the most significant deals closed in 2020 from all around the world. As well as these overall awards, we also present awards to the foremost transactions in relevant categories for the various regions in the Aviation 100 European, Americas, Asia-Pacific and Middle East North Africa Deals of the Year awards.

Congratulations to all Airline Economics Aviation 100 award winners. The Airline Economics team looks forward to celebrating with them all in person when the recovery is well under way. 

The full Aviation 100 awards article features in the Issue 61 of Airline Economics magazine, available here.

Airline Economics issue 61 is available to view online here

AVIATION 100 GLOBAL LEADERS DEALS OF THE YEAR 2021 WINNERS

Equity Deal of the Year IAG €2.74bn Rights Issue
Debt Deal of the Year Delta Air Lines SkyMiles US$9bn Financing
Capital Markets Deal of the Year United Airlines $3bn Series 2020-1 EETC
Supported Finance Deal of the Year Rolls-Royce 2020 €2bn UKEF EDG Facility
Editor’s Deal of the Year Alaska Air Group $1173.9m 2020-1 EETC
Lease Deal of the Year Air France 4 JOLCOs for 3 A350s and 1 787
M&A Deal of the Year $7.4bn Marubeni/Mizuho Leasing Aircastle Acquisition
Recapitalisation Deal of the Year American Airlines ‘Big Bang’ $4.5bn Recapitalisation Package
Freighter Finance Deal of the Year Titan Aircraft Investments Senior Debt Warehouse Facility
Sustainability Financing Deal of the Year JetBlue $550m Revolving Credit Facility & Sustainability-Linked Loan
Overall Deal of the Year United Airlines MileagePlus $6.8bn secured bond and term loan

 

AMERICAS DEALS OF THE YEAR 2021 WINNERS

Equity Deal of the Year Southwest Airlines “Project Trident” $4.6nn Concurrent Common Equity and Convertible Offering
Debt Deal of the Year American Airlines $1bn 364-day Delayed-Draw Term Loan
Capital Markets Deal of the Year Air Canada 2020-1 “Super C” EETC
Supported Finance Deal of the Year AFIC Supported Financing of Embraer aircraft for SkyWest Airlines
Editor’s Deal of the Year ACG Aircraft Financing Solutions $1bn Funding Facility
Lease Deal of the Year Southwest Airlines sale-leaseback financing for 10 737-800s
Recapitalisation Deal of the Year American Airlines ‘Big Bang’ $4.5bn Recapitalisation Package
Restructuring Deal of the Year Avianca $1.9bn DIP Financing
Overall Deal of the Year Delta Air Lines SkyMiles $9bn Financing

 

EUROPEAN DEALS OF THE YEAR 2021 WINNERS

Equity Deal of the Year Finnair €512m Rights Issue
Debt Deal of the Year AerCap $1.25bn senior unsecured fixed rate notes issuance
Capital Markets Deal of the Year British Airways $1bn 2020-1 EETC
Supported Finance Deal of the Year Turkish Airlines Balthazar-supported financing for one A350-900
Editor’s Deal of the Year Vista Global $196m 2020-1 business jet EETC
Lease Deal of the Year ICBC Financing Leasing French Optimised Lease for two 787-9s acquired by Turkish Airlines
Recapitalisation Deal of the Year Restructuring and recapitalisation of Virgin Atlantic Airways
Restructuring Deal of the Year VTB Leasing Group restructuring of Aeroflot Group leases and payment deferrals
Overall Deal of the Year Rolls-Royce 2020 $7.1bn Recapitalisation Package

 

ASIA-PACIFIC DEALS OF THE YEAR 2021 WINNERS

Debt Deal of the Year Juneyao Airlines $128m secured term loan for six A320s
Capital Markets Deal of the Year BOC Aviation US$750m 10-Year 144A / RegSFixed Rate Bond
Supported Finance Deal of the Year Aviation Capital Group – $500m NEXI Loan Financing
Editor’s Deal of the Year TEAM Sunbird $256.98m aircraft engine ABS
Lease Deal of the Year BOC Aviation & American Airlines 22 Boeing 787 aircraft lease deal
M&A Deal of the Year $7.4bn Marubeni/Mizuho Leasing Aircastle Acquisition
Recapitalisation Deal of the Year Cathay Pacific HK$39bn Recapitalisation Package
Overall Deal of the Year Enhanced Corporate Loan Note Facility Programme for Qantas Airways

 

MIDDLE EAST & AFRICA DEALS OF THE YEAR 2021 WINNERS

Debt Deal of the Year Qatar Airways $800m secured financing for seven 787-9s
Capital Markets Deal of the Year Etihad US$600m Sustainability-Linked Transition Sukuk and Liability Management of 2021 maturity
Editor’s Deal of the Year Altavair Senior Secured Term Loan Facility for 13 777-300ERs
Sustainability Financing Deal of the Year Sustainability Development Goal (SDG) Loan for Etihad Airways