CDPQ and SMBC Aviation Capital Partner to Create $1.5 B Aircraft Financing Platform

Global investment group CDPQ and aircraft leasing company SMBC Aviation Capital finalized an agreement to create a $1.5-billion global aircraft financing and leasing platform dedicated to fuel-efficient next generation aircraft.

This new platform will focus on worldwide opportunities in new technology aircraft and target an initial deployment of $500 million per year over three years. SMBC Aviation Capital will source transactions and, under a sistership condition, invest in opportunities alongside the platform. SMBC Aviation Capital will also act as servicer of the platform, which will operate under the banner Maple Aircraft Company Holdings Limited.

“Building on CDPQ’s experience in the aircraft financing industry, through this new platform, we will continue to provide flexible financing solutions for airlines to meet their future fleet requirements,” Marc Cormier, executive vice president and head of fixed income at CDPQ, said. “We’re delighted to partner with SMBC Aviation Capital, an industry leader with a successful track record, who has demonstrated their commitment to sustainable aviation, to find the best opportunities in the commercial aircraft industry and to achieve attractive risk-adjusted returns over the long term.”

“We are pleased to partner with CDPQ on this new platform to benefit our airline customers worldwide,” Peter Barrett, CEO of SMBC Aviation Capital, said. “CDPQ is an experienced, well respected, global investment group which is aligned with our own views on capital allocation and a sustainable aviation industry. We look forward to working with our new partners over the coming years on this collaboration.”

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