Air Lease Corporation (ALC) has launched a second asset backed securitisation (ABS) under its Blackbird Capital moniker and the lessor’s fifth ABS overall. Blackbird Capital, a joint venture between ALC and Napier Park Global Capital formed in 2014, was designed to enable ALC to invest in profitable lease deals that were previously passed on for various reasons, including customer concentration limits or aircraft type/age. The success of the first fund enabled the two companies to extend their partnership with Blackbird Capital II in 2017, which is issuing the ABS. The $745million Blackbird II 2021 ABS transaction offers two series of

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