GE Capital Aviation Services (GECAS) has launched a sequel to STARR 2018-1, its revolutionary asset backed securitisation (ABS) with a tradeable equity portion. STARR II 2019-1 issues $474 million of debt in three tranches of notes: $382 million A notes, rated A by Kroll Bond Rating Agency (KBRA), with an initial LTV of 64.9%; $69 million B notes, rated BBB, with an LTV of 76.6%; and $23 million C notes, rated BB with an LTV of 80.5%. The notes are secured on a portfolio of 20 aircraft – seven 737-800s, four A320-200s, three A321-200s, three A319-100s, two 737-900ERs and one

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