Novus, DBJ, NORD/LB and Boeing launch Cedar Aviation Finance (CAF) fund

A consortium composed of Novus Aviation Capital (Novus), Development Bank of Japan (DBJ), NORD/LB Norddeutsche Landesbank and Boeing, has launched Cedar Aviation Finance (CAF), a new junior debt fund designed to provide airlines and lessors with higher loan-to-value financing for the acquisition of Boeing manufactured aircraft. The fund will be managed by Novus and will provide junior and mezzanine loans to bridge the gap between equity and senior debt. “We are delighted to work with global and long standing institutions to launch this landmark venture, which we believe will serve an important market need. With continued traffic growth and aircraft