Press Release: Amedeo Acquires First A380 on Balance Sheet
Dublin/London, 10th September 2014 – Amedeo is pleased to announce the acquisition of its first owned A380.
“This is an important milestone in Amedeo’s business plan. We are delighted to be able to continue our long-lasting relationship with Emirates built in the spirit of partnership and innovation. This is the first A380 acquired by an operating lessor on its balance sheet, which is a strong endorsement for the aircraft and its unrivalled market positioning”, said Mark Lapidus, CEO of Amedeo.
The aircraft bearing Manufacturer’s Serial Number (MSN) 157 was delivered to Emirates as part of a sale and leaseback transaction on 4th September at the Airbus Delivery Centre in Hamburg and was placed on a 12-year operating lease.
The financing was a combination of senior and junior loans provided by a bank syndicate, including Commercial Bank International, Qatar National Bank (QNB), Sumitomo Mitsui Trust Bank and Westpac Banking Corporation (Westpac). Westpac acted as the Senior Agent and the Security Trustee and QNB acted as the Junior Agent.
Norton Rose Fulbright acted on behalf of Amedeo in relation to the lease documentation. Vedder Price acted on behalf of the lenders with respect to the loan documentation and Pillsbury Winthrop Shaw Pittman advised Emirates.
Amedeo is a dedicated and actively managed widebody operating lessor based in Dublin, Ireland. Amedeo is focused on the widebody leasing sector and has secured an equity partnership with Pine Brook Partners, a New York-based private equity firm, for the financing of its A380 order with Airbus, which was announced at the Singapore Airshow in February 2014. Amedeo has a global customer reach and is acting in a principal investment capacity with respect to both aircraft acquisitions and sale and leaseback transactions.
Irena Badelska, Head of Business Development and Investor Relations, Amedeo
Irena.Badelska@amedeo.aero, Tel: +44 7595 0555 81