Stellwagen, the aviation financing group headed by former Ryanair deputy chief executive Howard Miller, has made its first loan from a recently launched fund.
The 10-year loan to Hong Kong-listed China Aircraft Leasing Group is secured against a new Airbus A321 valued at $116 million (€100.7 million) at current prices.
Mr Miller told The Irish Times that Stellwagen was one of just three companies in the $200 billion aircraft financing market to offer clients loans with a unique "balloon structure".
For the borrower, these loans involve smaller repayments during the timeframe of the loan and a balloon payment at the end, minimising the initial cash outflows.
Mr Miller said a second Airbus A321, with a similar list price will be financed by Stellwagen for China Aircraft Leasing Group in September.
He said the company had a pipeline of similar opportunities, which we will execute over the coming months.
He said the firm expects to have close $2.5 billion of assets under management by the end of 2017.
