Canyon is Managing Agent for Falko Regional Aircraft Limited Regional 2021-1 ABS
April, 2021: Canyon Financial Services Limited, a Vistra Group company (“Canyon”) is pleased to announce that we have been appointed as the Managing Agent for Falko Regional Aircraft Limited (Falko) Regional 2021-1 Asset Backed Securitisation (“ABS”) of $255 million asset backed debt to finance a portfolio of aircraft.
This inaugural ABS portfolio for Falko consists of 39 regional jet and turboprop aircraft currently on lease to up to 12 lessees located in 12 countries.
“We are delighted to support Falko Regional Aircraft Limited (Falko) on this transaction. ABS issuances in 2020 and the first quarter of 2021 were severely impacted by the COVID-19 pandemic. However, Falko’s proven track record in the resilient regional aircraft sector has attracted investors. Falko’s decision to appoint Canyon to the role of Managing Agent on its inaugural ABS is testament to our record of service delivery and competency.”
Andrew Ryan, Managing Director, CanyonCTS
Alongside Canyon in our role of Managing Agent for the transaction, Falko is the servicer; Citigroup Global Markets is the Sole Structuring Agent and Lead Bookrunner and Sun Life Assurance Company of Canada is the Liquidity Facility Provider. The transaction was rated by Kroll Bond Rating Agency.