Aviation Capital Group structured and provided the secured financing of six Boeing 737-800 aircraft for Southwest Airlines.

This financing marks the first use by Aviation Capital Group’s Aircraft Financing Solutions (AFS) program of its recently closed $650 million secured funding facility. The facility includes an accordion option that can be exercised to provide up to $1 billion in total commitments. Through this facility the AFS program is now able to utilize a diversity of financing structures to provide Aviation Capital Group’s airline customers with complete solutions to their fleet needs.

“ACG is very pleased that use of the AFS facility allowed us to broaden our relationship with Southwest,” Andrew Falk, managing director of Aviation Capital Group, said. “Although the AFS program will continue to provide loan guarantees, in this instance, use of our secured funding facility allowed us to very quickly respond to Southwest’s needs and provide financing within six weeks of being mandated.”

Aviation Capital Group is an aircraft asset manager with approximately 500 owned, managed and committed aircraft as of March 31, 2020, which are leased to approximately 90 airlines in approximately 45 countries. Aviation Capital Group is a wholly owned subsidiary of Tokyo Century Corporation.