Pimco, GECAS launch aircraft investment platform

Jennifer Kang

October 21, 2020 08:30 PM

AdobeStock_Africa_575x375_09Sept2020 — Planet Earth with detailed relief is covered with a complex luminous network of air routes based on real data. South Africa and Madagascar. 3D rendering. Elements of this image furnished by NASA | Anton Balazh Антон Балаж/Anton Balazh - stock.adobe.com

Pimco is teaming up with GE Capital Aviation Services (GECAS) to create an aircraft leasing investment platform to support up to $3bn in aircraft asset financing. Sources say it will provide a new funding option and inject liquidity into the aviation industry at a time when it is badly needed.

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ABS Securitization United States Americas North America

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Jennifer Kang