Maples Group Advises Altavair on Second Aircraft ABS Transaction
The Maples Group advised Altavair on its US$667 million ALTDE 2026-1 aircraft lease ABS transaction, financing a diversified portfolio of aviation assets across multiple jurisdictions and underscoring its continued leadership in cross-border aviation finance.
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Maples and Calder, the Maples Group’s law firm, is pleased to have advised Altavair L.P (“Altavair”), a leading global aviation asset management firm, on the Cayman Islands and Irish law aspects of its second aircraft lease ABS issuance (“ALTDE 2026-1”), valued at US$667 million.
The transaction involved the issuance of Class A and B Notes (the “Notes”), the proceeds of which will be used to finance a diversified portfolio of 23 commercial aircraft. The portfolio consists of eight narrowbody aircraft, eight widebody aircraft, five engines and two freighters. The assets are on lease to 16 lessees located in 13 jurisdictions.
The Notes are listed on the Cayman Islands Stock Exchange, with the Maples Group acting as the listing agent.
The multi-jurisdictional team of asset finance lawyers included Jonathon Meloy, Cayman Islands Head of Finance; Anthony Philp, Partner; and Sorcha O’Keefe, Associate, from the firm’s Cayman Islands office. From the firm’s Irish office, the team included Mary O’Neill, Partner; Stephen Gardiner, Partner; and Gerard Grogan, Associate.
“We congratulate Altavair on the successful completion of its second aircraft ABS transaction. This issuance underscores Altavair’s sustained growth in managing leased commercial aircraft and we are delighted to have supported this important milestone by drawing on the depth and cross-border expertise of our multi-jurisdictional asset finance team.” commented Mary O’Neill.
The Maples Group’s multi-jurisdictional asset finance team previously advised Altavair on its inaugural aircraft ABS in 2025, further demonstrating the firm’s market-leading aviation finance and ABS expertise.
