Cargo Facts
SUBSCRIBE
  • NEWS
  • DATA
  • MULTIMEDIA
  • MAGAZINE
    • Issue Archive
    • Weekly Update
  • EVENTS
  • CONSULTING
Monday, March 8, 2021
Log In
No Result
View All Result
  • Aircraft Leasing
  • Capacity & Demand
  • Carriers
  • E-Commerce
  • Engines
  • Express
  • Freighter Aircraft
  • Freighter Conversions
Cargo Facts
  • NEWS
  • DATA
  • MULTIMEDIA
  • MAGAZINE
    • Issue Archive
    • Weekly Update
  • EVENTS
  • CONSULTING
Log In
No Result
View All Result
Cargo Facts
No Result
View All Result

Spectre refinances 737 NG freighters in what may be a trend of freighter financing

Caryn Livingston by Caryn Livingston
January 22, 2019
in Freighter Aircraft, News
Share on FacebookShare on TwitterShare on LinkedIn
Bedek redelivered the first of four freighter-converted 737-NGs to SpiceXpress, on lease from Spectre, last September.

US-based Spectre Cargo Solutions, through its Irish affiliate NGF Genesis Limited, closed its first round of a long-term senior debt facility led by Erste Bank, Spectre announced yesterday. The debt facility will be used to refinance seven 737-700 and -800 converted freighters under the management of NGF Genesis and on lease to multiple operators.

Spectre said the debt facility will be the first institutional financing of its freighter portfolio and represents the first tranche of aircraft supporting its broader passenger-to-freighter platform. Although Spectre did not specify which aircraft will be refinanced, the company delivered the first of four 737 NG freighter-converted aircraft to India-based SpiceXpress last September. Sources also told Cargo Facts that Spectre will deliver the first 737-800BCF, which received certification from the Civil Aviation Authority of China late last year, on-lease to China Postal Airlines.

The news from Spectre is the latest in a series of freighter financing agreements recently covered by Cargo Facts. Last week, US-based lessor Aviation Capital Group said it would structure, arrange, and guarantee a senior loan covering a portion of the purchase price of a 747-8F scheduled for February delivery to Volga-Dnepr Group affiliate AirBridgeCargo Airlines. As the lessor noted at the time, the 747-8F financing is the first made under ACG’s Aircraft Financing Solutions program.

Prior to the ABC announcement, in November 2018, on behalf of Vx Capital Partners, a trust secured $189 million in asset-backed securities (ABS), backed by thirty-five narrowbody freighters as collateral. Notably, the ABS was the first to be made up entirely of narrowbody freighters. With this new announcement from Spectre, there seems to be an increasing willingness among banks and other lenders to provide financing for freighter aircraft and to view them as assets worthy of securing large amounts of capital.

Those interested in learning more about trends in air freight are invited to join us Cargo Facts EMEA, to be held 4-6 February at The Westin Grand Frankfurt, where a panel discussion will be dedicated to the topic. To register or for more information, visit www.cargofactsemea.com.

Tags: 737-700F737-800FAirBridgeCargo AirlinesChina Postal AirlinesSpectre Air CapitalSpicejetVx Capital Partners
Previous Post

Freighter aircraft transactions through mid-January

Next Post

ANA outlines plans for incoming 777F

Related Posts

Air Atlanta’s Hermannsson on the carrier’s pivot to cargo and what’s next
Carriers

From the Cockpit with Baldvin Hermannsson

March 8, 2021
E-commerce lifts North American cargo growth prospects
Carriers

Amazon Spends $131 Million for Stake in Cargo Airline ATSG

March 8, 2021
GE Nears Deal With AerCap to Create Behemoth Aircraft Lessor
Aircraft Leasing

GE Nears Deal With AerCap to Create Behemoth Aircraft Lessor

March 8, 2021
Next Post
ANA outlines plans for incoming 777F

ANA outlines plans for incoming 777F

By subscribing you agree to our Terms of Use and Privacy Policy

Get Latest Issue

CARGO FACTS CONSULTING

4 airlines that could end up with NCA’s 747-400Fs

Japanese air exports up in December and January, imports down

March 3, 2021
DHL begins transferring 767 ops to Amerijet

2020 express volumes up amid lower yields

March 2, 2021
  • About Us
  • Help Center
  • Privacy Terms
  • ADA Compliance
  • Advertise

Follow Us

twitter twitter linkedin podcast

© 2021 Royal Media & Cargo Facts

No Result
View All Result
  • News
    • All News
    • Aircraft Leasing
    • Capacity & Demand
    • Carriers
    • E-Commerce
    • Engines
    • Express
    • Freighter Aircraft
    • Freighter Conversions
  • Data
  • Multimedia
  • Magazine
    • Issues Archive
  • Events
  • Consulting
  • Subscribe
  • Log In / Account

© 2021 Royal Media & Cargo Facts

Go to mobile version