AFC, Insurance and Mutual Fund Investors Fund Over $125 Million in G6000 Assets
DUBLIN, May 31, 2014. Aviation Finance Company Limited (AFC) closed a G6000 facility for one of Bombardier’s multi-aircraft business jet customers. AFC along with insurance companies and mutual funds invested in the facility which closed with over $125 million. The Bombardier Global Express is a large cabin, ultra long range business jet manufactured by Bombardier Aerospace in Toronto, Ontario, Canada. With five variants, the original Global Express, Global 5000, Global 6000, Global 7000 & Global 8000. The Global Express has been modified for military missions, but is most commonly used for business flight missions. The Global Express flies transcontinental ranges. The Global 6000 (formerly marketed as the Global XRS) is an improved version of the original aircraft offering higher cruise speed, increased range, improved cabin layout and lighting. The Global Express XRS entered service in early 2006. “We believe this class of business jet aircraft make good long-term investments,” said Chris Condy, a Senior Managing Director at Aviation Finance Corporation LLC. “Although the duration of this facility is only one-year, we have strong appetite for the take-out financing and look forward to providing customers with long-term innovative financing solutions as we do with with commercial aircraft operators,” said Douglas Brennan, AFC’s CEO.