Eliz Aviation has announced its debut issuance in the aircraft asset backed securitisation market with a three tranched, loan format transaction secured on a portfolio of 63 turboprop aircraft that are initially leased to 17 airlines located in 12 countries with an initial total value of approximately $545.1 million. As of December 31, 2016, the 63 aircraft included in the transaction represent approximately 82.9% (by number of aircraft) of Elix’s managed leased fleet. The $411 million deal, Prop 2017-1, is split into: $300 million of A loans, which mature in 2042, and have an initial loan-to-value ratio of 55.0% and
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