Guggenheim finances G650

Alasdair Whyte

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Deal details only availible to full members

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Guggenheim Partners, Corporate Aviation Group closed the finance of a G650 on March 11.

It is financing the progress payment financing first and then will provide a term loan on delivery.

Guggenheim aims to grow portfolio of loans and leases – including operating leases – worth over $1 billion during the next few years.

James Crowley, managing director of Guggenheim’s aero capital group, says Guggenheim is primarily looking at international deals, rather than being exclusively focused in the US market, partly because it is the fastest growing part of the business jet market but also because it believes there are more finance opportunities abroad. However, speaking at International Corporate Jet & Helicopter Finance 2011 in London Crowley said they had been surprised at the number of US deals were available.

The firm will finance aircraft for high net worth individuals, companies and also branded aircraft charter operators. Crowley expects their minimum deal size to be between $7 million and $8 million with the average deal size between $10 million and $25 million.

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