HALO AirFinance — a joint venture between GA Telesis and Tokyo Century Corporation — has closed a senior term loan facility for an established Middle East based cargo operator.
The financing of a mature 747-400ERF aircraft helped the airline raise funds for working capital needs.
“This financing underscores HALO's mandate to deliver customised capital solutions across the aviation lifecycle,” said HALO managing director and co-head Marc Cho.
HALO AirFinance did not disclose the cargo operator.