With COVID-19 continuing to impact worldwide, the aviation industry (including airlines, aircraft lessors, aircraft financing vehicles) is struggling to maintain liquidity and revenue, with some airlines having gone into bankruptcy protection or examinership. Forecasts are that the aviation industry will continue to struggle into 2022 with latest expectations being that passenger volumes will not return to 2019 levels until 2024 at the earliest. However, recovery will be at different rates with the Chinese domestic market recovering significantly and the USA domestic market also showing signs of a strong upturn.
Capital can still be raised, with United Airlines raising capital via US taxpayer-backed loans and borrowings from banks using their customer loyalty programme as collateral and in 2021, the first aircraft ABS was issued since the pandemic occurred.
GATS Approved Trustee
Cafico International is authorised by the Aviation Working Group (AWG) to act as trustee service provider for the Global Aircraft Trading System (GATS), a digital trading platform that has been designed to modernise aircraft equipment trading and financing.
We provide a fully comprehensive, tailored suite of accounting, administration, lease and cash management services to operating lessors, manufacturers, airlines, banks and financial institutions.
We have built a solid reputation as a secure and reliable partner for those wishing to manage their aircraft financing and leasing operations through Ireland.
We have extensive experience in the provision of corporate services to SPVs used for the structuring of lease-in, lease-out (LILO) aviation transactions, securitisations and other forms of asset finance.
Our clients include investment banks, private equity firms, alternative lenders, airlines and aircraft lessors. We manage aircraft leases in SPVs around the world, working with a wide range of aircraft lessors, including both new entrants and established players.
Managing agent services
GATS Trustee Owner trustee services
Beneficial Ownership Registers
Lease accounting and financial reporting services
IFRS, US GAAP and local GAAP
iXBRL Financial Statements
Resident Irish directors
Provision of registered office
Supporting aircraft purchase and sale transactions
Cash management services and ABS structures
Aircraft securitisation services
Tailored ancillary services
Assistance with pensions and benefits establishment
Anti-money laundering regulations compliance
Periodic investment management reporting
Guidance on GDPR
Central Bank statistical reporting