A new secured deal from Airborne Capital has closed, earning the moniker of being only the third aviation asset-backed securitisation transaction to successfully close in 2022. The $303.7 million Marathon Asset Management asset-backed securitisation transaction (MAST 2022-1) is formed of single A tranche of senior notes secured by a portfolio of 15 narrowbody aircraft, including two Boeing 737 MAX 8s, two Airbus A320neos, six Airbus A320-200s and five Boeing 737-800NG aircraft. The portfolio has a weighted average age of 6.0 years and an average remaining lease term of approximately 6.4 years. The notes are A-rated, with an initial loan-to-value (LTV) ratio

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