EastMerchant Capital has successfully closed the purchase of two A330-300 aircraft, which are on lease to Singapore Airlines. London-based aviation finance specialist Magi Partners, working in conjunction with its Seoul-based partner Youjee Partners, arranged Korean-sourced funding for the transaction. These are the first SIA-operated aircraft, and the first A330-300s, to be financed entirely by Korean investors. Legal counsel for the parties were Norton Rose Fulbright (Munich), Matheson (Dublin), Yulchon (Seoul) and Watson Farley & Williams (Singapore). Sean Cleghorn, Partner at Magi Partners said: “This, Magi’s fourth deal with Youjee in the Korean market in just over a year, marks our
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