Mitsubishi UFJ Financial Group closed of a limited recourse acquisition facility for SKY Leasing, in which the bank acted as co-structuring agent and joint lead arranger.

The facility is unique as it provides the financing of off-lease aircraft with structural enhancements.

“We are very pleased with the outcome of this acquisition facility,” Matthew Crawford, EVP, head of Capital Markets at SKY, said. “MUFG has been a great partner in helping us build out and diversify our fleet, a key pillar to executing on our overall strategy.”

“SKY continues to be a strategic client for our aviation franchise,” Olivier Trauchessec, co-head of Global Aviation at MUFG, said. “We appreciated SKY’s trust and creativity and look forward to supporting the team with future financings.”

MUFG has led and co-structured SKY’s last two warehouse facilities. In addition, MUFG acted as Co-Structuring Agent of SKY’s most recent ABS (SLAM 2021-1).