Aviation Capital Group is out with a pre-sale report for its $250.8 million asset backed securitisation, which refinances a portfolio of 18 737-family and A320-family aircraft on lease to 17 airlines located in 16 countries. The portfolio has an initial weighted average age of approximately 14.3 years, while the weighted average remaining term of the initial lease contracts is approximately 2.1 years. The portfolio has an initial value of approximately $334.4 million, and an aggregate maintenance-adjusted current market value of approximately $323.5 million. The issuer is Merlin Aviation Holdings, an ACG subsidiary, ACG Aircraft Leasing Ireland, will be the servicer.

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