Castlelake has launched its eighth aviation asset-backed securitisation ABS. Castlelake Aircraft Structured Trust 2019-1 (CAST 2019-1) offers three tranches of notes secured on a portfolio of 28 aircraft on lease and four loans, secured by four aircraft, to 14 lessees/obligors located in 13 countries with initial value of approximately $1,045.3 million. The initial weighted average aircraft age of the portfolio – which consists of 29 narrowbody aircraft (71.6% by value) and 3 widebody aircraft (28.4% by value) – is approximately 8.9 years, with a weighted average remaining lease/loan term of approximately 4.5 years. The $867.567 million ABS comprises: $679.420 million
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