Akin Advises Middle Eastern Banks on $1 Billion Dual Tranche Conventional and Islamic Compliant Facilities for Avolon
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(Dubai) – Akin’s Dubai Finance team advised a syndicate of financiers on a US$1 billion senior unsecured dual tranche conventional and Islamic compliant financing for Avolon Aerospace, a leading global aviation finance company. The syndicate comprised Emirates NBD Bank (P.J.S.C.), Abu Dhabi Commercial Bank PJSC, Warba Bank KSCP, First Abu Dhabi Bank PJSC, Gulf Bank KSCP, Emirates Islamic Bank PJSC and Dubai Islamic Bank PJSC.
The facilities are of a four-year tenor and have enabled Avolon to diversify its capital sources through its first entry into the Islamic finance market.
The number of regional financial institutions involved in the transaction further demonstrates a strong appetite in the Middle East for high quality aviation financing opportunities.
Combined with the US$1.1 billion senior unsecured facility announced on 29 April 2025, Avolon has raised US$2.1 billion in new unsecured facilities in Q2 2025. The Akin team was led by finance partner Rizwan Kanji, with support from counsel Andrew Heller and associate Sahar Abas.
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