Two all-Embraer ABS deals in the market

Two asset backed securitisation transactions both backed by Embraer aircraft were launched into the market yesterday. The $380.5 million Series 2014-1 notes issued by Eagle I Limited – Jetscape Aviation Group’s inaugural securitization and $540 million Non-Recourse Asset-Backed Secured Term Loan Facility, ATLAS Series 2014-1, from Aldus Aviation. What makes the two deals unique in the ABS market is that they are both secured on all-Embraer aircraft assets. The Eagle notes are supported by a portfolio of 21 Embraer aircraft – 75.8% are E190/95s, with the remainder E170/75s – initially leased to 10 commercial airlines located in 10 countries, which