BOC Aviation received the following four awards at the Asia-Pacific Aviation 100 Awards 2015:
Asia Pacific Debt Deal of the Year 2015 for its 144A/Reg S $750m senior unsecured notes issuance
Asia Pacific Deal of the Year 2015 for its Shenton Aircraft Investment I Ltd. (SHNTN 2015-1) asset backed securitisation
Asia Pacific Treasury Team of the Year 2015
Asia Pacific Lessor of the Year 2015
For more information, view the full article here.
Article excerpt by Victoria Tozer-Penington shared with permission from Airline Economics.
Airline Economics celebrates its first annual Asia-Pacific Awards 2015
At a glittering gala dinner following the first successful day of the second annual Airline Economics Growth Frontiers Asia Pacific conference, held at the JW Marriott in Hong Kong on November 3, 2015, the winners of the first annual Asia-Pacific Aviation 100 Awards 2015, sponsored by Engine Lease Finance Corporation and in support of Airlink, were celebrated in style with a traditional Chinese drum performance by the Hong Kong Ha Tak Kin Marital Art Society.
The awards ceremony was opened with the award for the Aviation 100 Asia Pacific Equity Deal of the Year 2015 going to Spring Airlines for its initial public offering (IPO) back in January 2015. Spring Airlines was the first IPO from a Chinese airline for more than a decade.
ICBC Financial Leasing was celebrated for its ground-breaking US Ex-Im Guaranteed Loan and Pre-funded Bond and awarded the Aviation 100 Asia Pacific Export Credit Deal of the Year 2015.
Hong Kong Aviation Capital $725m Secured Limited Recourse Warehouse Facility was awarded the Aviation 100 Asia Pacific Editor’s Award for Innovation for 2015. This was the first 100% blind capacity warehouse issued by an Asian lessor, which was executed within 10 weeks from launch at very competitive terms with broad global syndication from banks in the US, Asia, Europe and the Middle East. Credit Suisse was structuring agent and joint lead arranger; RBC Capital Markets and Credit Agricole CIB were joint lead arrangers. Ever Bank, First Gulf Bank, Key Bank, Natixis and Nomura were all syndicate banks. Clifford Chance advised Hong Kong Aviation Capital, while Vedder Price advised the lenders.
One of the largest, and most talked about, M&A deals in the aviation space this year was Macquarie’s acquisition of the AWAS Aviation Capital 90-aircraft portfolio and this deal, with its related financings, is justly recognised as the Aviation 100 Asia Pacific M&A Deal of the Year 2015. Goldman Sachs and Deutsche Bank acted as financial advisors to AWAS. Milbank acted as legal advisors to AWAS. Vedder Price advised Macquarie Group on the AWAS acquisition and the third-party funding arrangements.
Supporting the transaction, Macquarie AirFinance entered into a $3.04bn, three-year non-recourse secured bank loan facility to fund the acquisition of 92 aircraft. Mandated lead arrangers and underwriting banks are Citi, BNP Paribas and Wells Fargo. These banks have also committed to working on the refinancing of the bank loan by way of a term loan, ABS, and/or senior unsecured bond.
BOC Aviation enjoyed a very successful evening and collected four individual awards.
BOC Aviation’s landmark 144A/Reg S $750m senior unsecured notes issuance was recognised as the Aviation 100 Asia Pacific Debt Deal of the Year 2015 with its Shenton Aircraft Investment I Ltd. (SHNTN 2015-1) asset backed securitisation winning the coveted overall Aviation 100 Asia Pacific Deal of the Year 2015. Given this success, the treasury and finance team at the aircraft lessor were granted the accolade of the Aviation 100 Asia Pacific Treasury Team of the Year 2015 and the entire firm was recognised as the Aviation 100 Asia Pacific Lessor of the Year 2015.
Given the volume and breadth of aviation-related deals closed during 2015, Clifford Chance was recognised as the Aviation 100 Asia Pacific Law Firm of the Year 2015.
Citi’s impressive array of aviation finance and advisory transactions closed during 2015 determined that the bank was a clear winner as the Aviation 100 Asia Pacific Bank of the Year 2015.
The awards ceremony closed with the recognition of two of the most outstanding airlines in the Asia-Pacific region.
Jetstar Group was named the Aviation 100 Asia Pacific Airline of the Year 2015 and Airline Management Team of the Year 2015 in recognition of its outstanding performance over the past 12 months.
The Aviation 100 Asia Pacific Airline Finance Team of the Year 2015 was awarded to Qantas, which have worked tirelessly to return the airline to growth.
Airline Economics would like to congratulate all of this years’ award winners.
A more detailed review of all of the awards winners will appear in the forthcoming issue of Airline Economics (Issue 30, November/December 2015).