Empowering African Aviation to Soar Higher

As Lender, Absa proudly supported the successful close of a USD 31 million aircraft financing transaction for Aircraft Engine Lease Finance Inc. (AELF) - a leading US-based commercial aircraft and engine leasing platform focused on mid- to end-of-life aviation assets.

The transaction refinanced the acquisition of Airbus A330-300, currently leased to South African Airways (SAA), marking a key milestone in the national carrier’s post-restructuring growth. Originally delivered new to SAA in 2016 and returned to lessors during its business rescue process, the aircraft’s reintegration into the fleet significantly enhances the airline’s long-haul capacity and strengthens its ability to compete on high-demand international routes.

For AELF, this marks the fourth aircraft placed with a South African carrier, reinforcing the firm’s strategic focus on the region. This transaction highlights Absa’s ability to design tailored, cross-border asset finance solutions that enable complex transactions in highly regulated industries. More than a capital deployment, the deal contributes to broader economic empowerment - stimulating job creation, enabling technical upskilling, and strengthening South Africa’s aviation ecosystem through enhanced infrastructure and connectivity.

By financing this strategically important asset, Absa reaffirms its commitment to enabling inclusive, sustainable economic growth and advancing critical sectors across the continent.

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