Maples Group Acts for HALO AirFinance on Inaugural US$390.2M Aviation Loan ABS
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Maples and Calder, the Maples Group’s law firm, has advised HALO AirFinance, a joint venture between GA Telesis and Tokyo Century Corporation, on its inaugural aviation loan asset-backed securitisation (“ABS”), HALO AirFinance 2026-1.
The US$390.2 million transaction comprises Class A, B, C and D notes and has a legal final maturity date of August 2041. Proceeds from the issuance were used to acquire a portfolio of 33 loans with an aggregate loan balance of approximately US$427.2 million as of July 2026.
The underlying collateral obligations are secured by a diversified portfolio of aviation assets, including 14 narrowbody aircraft, 15 engines, 2 widebody aircraft and 2 freighter aircraft leased to 21 lessees across 14 countries. The equity interests in the transaction were retained by HALO affiliates.
The Maples Group acted as Cayman Islands counsel on the transaction through its Asset Finance and Funds & Investment Management teams and advised on the Cayman Islands aspects of the structure, including providing legal advice to the Cayman Islands fund vehicles within the wider HALO platform and services in relation to the listing of the Class A, B, C and D Notes on the Cayman Islands Stock Exchange.
Anthony Philp, Co-head of Cayman Islands Asset Finance practice, commented: “The successful launch of HALO AirFinance’s inaugural ABS platform demonstrates continued investor confidence in well-structured aviation credit opportunities and highlights the ongoing evolution of financing solutions available to the sector and the continued growth of aviation loan ABS products. We are pleased to have supported HALO on a transaction that brings together a diversified portfolio of assets and borrowers within a sophisticated securitisation structure.”
The Maples Group team included Anthony Philp, Sorcha O’Keefe, Associate, and Jonathon Meloy, Partner, of the Finance team, together with Philip Dickinson, Partner, and Che Ammon, Associate, of the Funds & Investment Management team.
