Floreat Group Enters Aviation Finance & Leasing Sector

LONDON, January 13, 2016 /PRNewswire/ --

Global Fixed Income Fund I Limited has financed the USD 26m junior tranche of a 12-year finance lease for two Boeing Aircraft operated by Norwegian Air Shuttle ASA ("NAS"). The senior lender is Norddeutsche Landesbank Girozentrale (Nord/LB) with a loan volume of USD 68 million. Doric GmbH ("Doric") is responsible for the asset management of the aircraft.

"We are pleased to have concluded this transaction with Doric and NAS and continue to explore further opportunities in the asset backed lending space in the infrastructure, real estate, and machinery & equipment sectors, as well as in transportation. We see a clear opportunity to generate relatively high yields over the medium term, while being uncorrelated with the traditional bond markets," said Oumar Diallo, a partner at Floreat Capital Markets Ltd. ("FCM"). FCM, the Investment Advisor to the Fund, is responsible for the fixed income investments of the wider Floreat Group.

Floreat Group is a privately-held, London-based independent financial group, with investments in debt, real estate and public and private equities.