Ashland Place Finance LLC (Ashland Place), a prominent player in commercial aviation financing, has successfully completed a facility financing deal involving a widebody freighter currently leased to ASL Airlines. This transaction was conducted on behalf of Flight Lease Fund Management (“Flight Lease”), a specialist in aircraft and engine finance.
Jennifer Villa, Executive Director and Group Head of Ashland Place, expressed satisfaction with the new partnership, stating, “We are delighted to welcome Flight Lease as a new customer to the Ashland platform.” Villa also highlighted the company’s future commitments, adding, “We are proud to have supported this transaction and excited about the additional financings for Flight Lease that we will be closing in the coming months.”
From the perspective of Flight Lease, the sentiment is equally positive. Geoffrey Alexander, the Managing Partner at Flight Lease, remarked on the collaboration, saying, “We are thrilled to have partnered with Jennifer and the talented team at Ashland Place, which brought a highly collaborative and tailored approach to this transaction.” Alexander also mentioned the future of the partnership: “We look forward to deepening our partnership with Ashland Place through our upcoming transactions.”
Legal expertise was provided by Allen & Overy LLP for Ashland Place, while Watson Farley & Williams represented Flight Lease in this significant transaction.
About Ashland Place Finance LLC: A subsidiary of Davidson Kempner Capital Management LP, Ashland Place Finance LLC offers innovative capital solutions across the global commercial aerospace sector. More details can be found on their website at www.ashlandplace.com.
About Flight Lease Fund Management: Specializing in the leasing and financing of aircraft and engine equipment, Flight Lease Fund Management caters to a global clientele, including airlines, financial institutions, and maintenance, repair, and overhaul organizations (MROs). For more information, visit https://flightlease.com/.
This deal underscores the growing synergy within the aerospace financing industry, reflecting a robust market for aircraft leasing and finance solutions. Both Ashland Place and Flight Lease are poised to further their collaboration with upcoming financings, signaling a buoyant outlook for this sector.