FPG Amentum, Société Générale and Marsh Close First Ever AFIC-Supported Financing of a Japanese Operating Lease (JOL)
Dublin, September 27th 2021 – FPG Amentum Ltd. (‘FPG Amentum’), the Dublin-based aircraft leasing / management company and Société Générale are pleased to announce the successful closing of the first ever financing of a Japanese Operating Lease (JOL) supported by Aircraft Finance Insurance Consortium (AFIC), a non-payment insurance product designed by Marsh, the world’s leading insurance broker and risk advisor. The financing is secured by a Boeing 737-8 MAX aircraft leased to flydubai. The transaction involved a wholly Japanese financing structure, with the debt provided by the Tokyo branch of Société Générale and the AFIC insurance policy underwritten by Aioi Nissay Dowa Insurance Co. Ltd. with reinsurance support from Fidelis Insurance and Axis Insurance.
Dr. Martin Bouzaima, CEO – FPG Amentum, commented:
“We are delighted to have closed our first AFIC supported financing with Société Générale and Marsh. Initial discussions regarding this transaction began at the height of the COVID-19 pandemic, and its execution required the determination and professional skill of all parties involved. The aircraft in question forms part of FPG Amentum’s managed JOL aircraft portfolio and this transaction demonstrates our best-in-class capabilities to arrange and structure innovative aircraft financing solutions for our investor customers. We look forward to working with Société Générale and AFIC in the future and to further developing our relationship with both teams.”
Laurent Floquet, Managing Director, Head of Aviation Finance for EMEA – Société Générale, stated:
“We are proud of having brought, together with FPG Amentum and AFIC, a new aircraft financing solution to the market, especially at the challenging times the industry is going through. We are grateful to FPG Amentum for their trust in our innovation, structuring and execution capabilities, and we are very pleased to have taken our long-standing cooperation with AFIC one step further.”
Robert Morin, AFIC Transaction and Business Development Leader, Marsh Specialty, said:
“This successful JOL transaction is part of Marsh’s overall goal to expand the AFIC client base and product offerings. We see tremendous value in the resurgence of the JOL aviation market and look forward to supporting future transactions.”
Press Contact FPG Amentum:
FPG Amentum Ltd.
+353 1639 8111
Press Contact FPG:
Executive Officer and General Manager of Corporate Planning Dept.
Financial Products Group Co., Ltd.
+81 3 5288 5691
Note to Editors:
Tokyo headquartered FPG was founded in 2001 and is currently listed on the First Section of the Tokyo Stock Exchange. FPG is an independent financial service provider and offers various financial products to profitable companies and wealthy individuals. With leasing fund business as its core business, FPG provides integrated services covering the origination, structuring, equity placement, and management of Japanese operating leases (JOL) for aircraft, vessels, and marine containers. FPG is a leading independent JOL equity arranger in the market.
More information can be found on the company’s website at www.fpg.jp/en
About FPG Amentum:
Headquartered in Dublin, FPG Amentum is a dedicated third-party provider of aircraft investment management and advisory services to equity and debt investors in the aviation sector and offers a full range of aircraft leasing services to airlines worldwide through its full-service leasing platform. FPG Amentum was founded in 2005 and is majority owned by FPG. The company manages a US$ 2.5 billion portfolio of aircraft and provides services to several investor and banking customers.
More information can be found on the company’s website at www.fpg-amentum.aero
Marsh is the world’s leading insurance broker and risk advisor. With around 40,000 colleagues operating in more than 130 countries, Marsh serves commercial and individual clients with data-driven risk solutions and advisory services. Marsh is a business of Marsh McLennan (NYSE: MMC), the world’s leading professional services firm in the areas of risk, strategy and people. With annual revenue over $18 billion, Marsh McLennan helps clients navigate an increasingly dynamic and complex environment through four market-leading businesses: Marsh, Guy Carpenter, Mercer and Oliver Wyman. For more information, visit mmc.com, follow us on LinkedIn and Twitter or subscribe to BRINK.