ASL Aviation has closed a $65 million term loan million and a revolving credit facility (RCF) with Investec Aviation Finance for its fleet renewal program. The term loan and RCF, with a combined available commitment of approximately US$65million, is secured by a portfolio of 17 aircraft operating across seven different jurisdictions within the ASL group or on lease to third-party lessees. Sixteen of the aircraft are cargo aircraft, with one passenger aircraft. The term loan and RCF is a refinance and upsize of existing facilities between Investec and ASL, which previously covered 14 aircraft. Dave Andrew, CEO of ASL said:

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