Turning Rock Partners and AerFin Execute Second Aviation Asset Deal

The transaction outlines a phased lifecycle for the aircraft. Initially, the Airbus A220s will remain in active service before transitioning to long-term lease arrangements for their engines. AerFin will oversee the eventual disassembly of the airframes, utilizing its technical infrastructure to manage maintenance and global parts distribution. Sha Khoja, Head of Credit at Turning Rock, noted that the deal aligns disciplined underwriting with specialized asset-intensive operations to secure risk-adjusted returns.

AerFin CEO Simon Goodson highlighted the company’s position as an early provider of A220 used serviceable material, emphasizing that the program aims to improve supply availability for lessors and airline operators. Investec Aviation Finance provided the debt for the transaction. Legal counsel for the deal included Holland & Knight, Matheson LLP, and Stream Avocats & Solicitors Paris, while Shannon Technical Services handled the collateral assessment and physical inspections.