Mitsubishi UFJ Financial Group (MUFG) announced the closing of a limited recourse acquisition facility for SKY Leasing, where the bank acted as Co-Structuring Agent and Joint Lead Arranger. The $300 million acquisition facility will support SKY Leasing with the purchase of 12 off-lease Boeing 737 MAX8 aircraft

The facility is unique as it provides the financing of off-lease aircraft with structural enhancements.

"We are very pleased with the outcome of this acquisition facility," says Matthew Crawford, Executive Vice President, Head of Capital Markets at SKY. "MUFG has been a great partner in helping us build out and diversify our fleet, a key pillar to executing on our overall strategy."

"SKY continues to be a strategic client for our aviation franchise," said Olivier Trauchessec, Co-Head of Global Aviation at MUFG. "We appreciated SKY's trust and creativity, and look forward to supporting the team with future financings."   

MUFG has led and co-structured SKY's last two warehouse facilities. In addition, MUFG acted as Co-Structuring Agent of SKY's most recent ABS (SLAM 2021-1).