Novus Aviation Capital, a Dubai-based aircraft leasing and financing platform, has announced the launch of Tamweel Aviation Finance III (“TAF III”), its third secured second lien debt fund dedicated to the financing of Airbus aircraft. TAF III is a closed end fund co-sponsored between Airbus, Development Bank of Japan Inc. and Novus.
Building on the proven success of its predecessors, TAF III will be managed by Novus and will continue to focus on providing attractive secured second lien financing solutions to its airline customers. Since its establishment, the Tamweel Aviation Finance franchise has demonstrated relevance for both airline and lessor borrowers seeking to diversify their funding sources and optimise their capital structures, proving its flexibility by successfully combining second lien financing with a range of financing structures across multiple geographies, credit profiles and aircraft types. The launch of TAF III follows the successful deployment of capital from Tamweel Aviation Finance II, which has now fully committed its allotted funds.
“Airbus is proud to continue its 12-year positive track record with the Tamweel Aviation Finance funds, and we are delighted to be a sponsor of this third fund,” said Paul Meijers, Executive Vice President – Head of Commercial Transactions at Airbus. “TAF has proven itself to be a very efficient and effective tool, not only supporting Airbus delivery financing but also offering significant value through higher financing to ourcustomers.”
Yuichi Yamamoto, Co-Head of Global Aviation Team at DBJ, added “We are pleased to co-sponsor the launch of TAF III, building on our continued partnership with our trusted industry partners. As passenger demand continues to grow following the pandemic, access to stable and diversified financing is becoming increasingly important for airlines. DBJ remains committed to supporting the sustainable and long-term development of the global aviation industry by facilitating resilient financing solutions for airline customers.”
Commenting on the launch, Mounir Kuzbari, Co-CEO at Novus Aviation Capital, said: “We are thrilled to announce the launch of the third edition of our Airbus-dedicated mezzanine debt platform and would like to thank our partners for their continued commitment and confidence. With increasing Airbus delivery schedules and airlines actively seeking to diversify their funding sources, TAF III is ideally positioned to meet the growing demand for creative financing solutions. This fund underscores our commitment to supporting the aviation sector’s evolving financing needs and delivering flexible capital to our airline partners.”
The establishment of TAF III underscores the continued confidence of institutional investors in Novus Aviation Capital’s platform and the essential role that mezzanine financing plays in the aircraft financing ecosystem.
