Castlelake is in the market with its third aircraft asset backed securitisation (ABS). The $916 million Castlelake Aircraft Securitization Trust 2016-1 (CLAS 2016-1) is a three-tranched ABS secured on a portfolio of 52 aircraft and one engine with an initial weighted average age of approximately 12.1 years. The $715 million of class A loans have an initial loan-to-value ratio of 64% and are rated A by Kroll Bond Ratings Agency, while the BBB-rated B loans total $130 million with an LTV of 75.7%. The BB-rated $71 million C loans have an LTV of 82%. All classes of loans have a
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