AerCap, the world’s largest commercial aircraft owner and a global leader in aviation leasing, successfully entered the Islamic finance market with its inaugural 144a/RegS sukuk issuance. This move marked a rare instance of a European or US-based issuer tapping into the sukuk market, typically dominated by players from the MENA and Southeast Asia regions.
The issuance leveraged aircraft as the underlying assets, aligning with structures used in prior sukuk deals by aircraft lessors.
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