Ashland Place Finance, a commercial aviation financing platform, completed a new financing facility for three B737-800s for Royal Aero GmbH (Royal Aero) and Aquila Air Capital (Aquila). This represents the second financing that Ashland Place has completed for Royal Aero and Aquila, with the company having financed three other 737-800s in 2022.

Established in 2002, Royal Aero offers a wide range of solutions for airlines, lessors and MROs including aircraft and engine leasing, trading, parts supply and material management and technical consultancy services.

Aquila is a specialty finance platform focused on providing asset financing in partnership with industry participants as well as purchasing and leasing aircraft, engines and other aviation equipment. Aquila is backed by Warburg Pincus, a leading global private equity firm focused on growth investing.

“We are excited to once again partner with Royal Aero and Aquila,” Jennifer Villa, executive director and group head at Ashland Place, said. “Executing efficiently on innovative solutions for clients continues to be our top priority, and we look forward to supporting the Royal Aero and Aquila teams on future projects.”

“Working with the Ashland Place team allows us to move quickly and strategically when we see opportunities in the marketplace to expand our portfolio,” Paul Jackson, chief commercial officer at Royal Aero, said. “We appreciate the continued collaboration with Jennifer and the results we’ve successfully delivered together.”

“In working alongside Ashland Place, we were again pleased to be able to find an optimal and expeditious solution for the transaction. Our teams continue to work very well together,” Al Wood, CEO at Aquila, said.

Allen & Overy LLP served as legal counsel for Ashland Place and McGuire Woods represented Royal Aero and Aquila on this transaction.