Investec Aviation Finance mandated to take Comair to new heights

Following a previous landmark transaction which saw Comair acquire four new Boeing 737-800s, the airline has announced a new mandate for Investec Aviation Finance to act as financier of the pre-delivery payments and as lead arranger and advisor on the term finance for Comair’s additional four Boeing 737-800 purchases.

The first transaction dates back to November 2010 when Investec financed the pre-delivery payments and structured the term facility for the initial four Boeing aircraft.

Commenting on the new mandate, Investec Corporate and Institutional Banking’s Head of Aviation Finance, Melanie Humphries said: “We are pleased to have been mandated again. Our strong relationship with Comair and in depth understanding of our client’s needs gave us a distinct advantage when structuring the initial transaction. We are hopeful for a similarly successful closing as we had on the previous acquisition.”

Investec Aviation Finance is recognised as one of the top 10 aviation banks worldwide, with offices in Johannesburg, London, Sydney, Dublin, and Mumbai. This transaction is in line with Investec’s strategy of providing capital in support of its global clients for their aviation fleet acquisition and renewal efforts.

“Comair has experienced great service from Investec, and it has once again tendered an excellent commercial proposal for arranging the finance on the next four B737-800’s” said Erik Venter, CEO, of Comair Limited.