Archives: March 2016


Announcement Signals Business Expansion and Achievement of Company Milestones

DUBLIN, 9 March 2016 – The Board of Directors of Aviation Finance Company Limited today announced that Marc Bourgade will become the firm’s Chief Executive Officer, effective March 15, 2016, while Founder and CEO Douglas Brennan will continue to serve as Chairman and CEO of the Stellwagen Group of Companies, the parent of AFC. The company remains based in Dublin. Mr. Bourgade also will join the company’s Group Executive Committee.
Eugene O’Reilly, a director of the AFC Board, said, “Over the past three years, under the expert leadership of Douglas Brennan, we have built operations in Ireland and across the globe in the face of a highly competitive market. AFC has invested and arranged over $5 billion of debt for our industry by developing innovative products that have helped reshape how we organize and deploy capital in the aviation market.”
Mr. O’Reilly continued, “Doug and the management teams of AFC and Seraph have been working closely to ensure a seamless succession process. We are delighted that Marc Bourgade will take the mantle as CEO as we continue to build our premier franchises in investment banking as well as aircraft sales and trading, grow market share and deliver value for our clients, business partners and shareholders.”
Mr. Brennan said, “In Marc Bourgade, we found an outstanding leader for AFC with a proven track record of building outstanding teams, executing winning strategies and growing profitable businesses. Succession has been a top priority for me since I started the business, and I am confident that Marc and Eugene are the right leaders to propel us forward into a mature enterprise. I am excited about this next phase of growth for AFC.”
During the past two decades, Bourgade has worked in virtually every aspect of banking, particularly in the field of aviation financial services. He joins AFC from Natixis where he served as Head of Sectors & Clients for Aviation, Exports and Infrastructure and was one of the key architects of Natixis Aviation. Bourgade completed over $15 billion of transactions and has won over 20 awards, including Aviation House of the Year and other recognitions for his innovation. Prior to that, Bourgade served as Managing
Director of Aircraft Finance and acted as Chief Financial Officer of Natixis Transport Finance Bank. Bourgade began his career as a bank auditor.
Marc Bourgade graduated as a civil engineer from the ESTP (French Grande Ecole) in 1993. He also holds an MSC from the University of Birmingham and is a graduate of the Institut d’Etude Politique de Paris (French Grande Ecole). Marc enjoys travelling, skiing, horseback riding, foreign languages and electronics. Marc is fluent in French, Spanish and English.

Aviation Finance Company and Finance Arranger EMP Close Sale Lease Back with Emirates for A380

Second deal of its kind closed within two months

DUBLIN/MUNICH – 1 MARCH 2016 — Munich-based aviation finance arranger EMP structured assets GmbH (EMP), working in conjunction with Aviation Finance Company Limited (AFC), Dubai Islamic Bank (DIB) and a German institutional investor, closed a 10 year sale lease-back transaction with Emirates for a 2013 vintage A380-800. AFC arranged the mandate with Emirates and the investment of DIB.
The financing for the Irish SPV lessor consists of a full-payout Islamic facility in an Ijarah Lease structure provided by DIB. The equity was issued through profit participation notes from the EMP´s Irish Head Lessor to EMP itself and a German Institutional investor. Seraph Aviation Management provide lease management services to the lessor.
“We are pleased to have completed our second A380 deal with AFC and Emirates within only two months. The high leverage allowed us to minimize the residual value risks associated with the A380,” said Phillip Prior, EMP Partner. He continued, “We look forward to working with AFC and Seraph, both highly flexible, efficient and professional counterparties, to develop more aviation investment opportunities for our investors.”
“Working together with the dedicated professionals at EMP and Emirates, a stellar underlying operator and credit provider, we were able to put together an asset backed investment structure that offers our debt and equity investors the right risk-return balance,” said Douglas Brennan, Chief Executive Officer of Aviation Finance Company in Dublin. “I look forward to more opportunities to partner with EMP as we plan to increase our activities in Germany, where institutional investors focus on long-term strategies with thoughtful and strategic risk-adjusted structures. With our global reach we will help EMP´s deliver more well-structured bespoke investments.”

About EMP
Munich-based EMP arranges and manages aviation finance transactions for Institutional Investors. Focusing on prime carriers and long term leases, EMP refinances its fixed income style transactions through Private Placements mainly to German institutional investors by providing tailor-made investment solutions, which range from bond or note issuances via EMP´s Luxembourg platform to loan syndications via EMP´s German bank partners. See also

About AFC
Aviation Finance Company Limited provides alternative sources of capital and arranges financing solutions through innovative financial engineering to meet the needs of the global transportation industry. AFC, headquartered in Dublin, Ireland, along with its sister company, AFC LLC in New York is a wholly-owned subsidiary of Stellwagen Finance Company Limited.
The AFC group works collaboratively with investors, airlines and aircraft manufacturers to deliver outstanding finance solutions and service, a reliable investment partner and financial advisor to airlines and aviation operators seeking debt and equity financing. See also

About Seraph
Seraph Aviation Management (SAM), based in Dublin Ireland, is an independent global aircraft manager with over 22 years’ experience. SAM currently manages 31 aircraft and provides aircraft ownership strategies that strive to maximize risk-adjusted returns for our clients. SAM does not own aircraft but serves the financial investment and leasing community by providing independent lease management services. The ownership of SAM is shared by Stellwagen Finance Company, parent of AFC and the SAM management team. See also


Philipp Prior, Managing Partner, EMP Structured Assets GmbH,
Karen Payes, Investor Relations, Aviation Finance Company Limited,
Patrick Kenny, Investor Relations, Seraph Aviation Management Limited,