Munich-based aviation finance arranger EMP structured assets (EMP), working in conjunction with Aviation Finance Company (AFC), Dubai Islamic Bank (DIB) and a German institutional investor, closed a 10 year sale lease-back transaction with Emirates for a 2013 vintage A380-800. AFC arranged the mandate with Emirates and the investment of DIB. The financing for the Irish SPV lessor consists of a full-payout Islamic facility in an Ijarah Lease structure provided by DIB. The equity was issued through profit participation notes from the EMP´s Irish Head Lessor to EMP itself and a German Institutional investor. Seraph Aviation Management provide lease management services
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