Maples Group Advises Marathon Asset Management on US$615 Million Aircraft Securitisation
The Maples Group is pleased to have advised Marathon Asset Management, a global credit manager, on the closing of MAST 2026-1. This US$615 million aircraft securitisation features a portfolio of 27 Airbus and Boeing narrowbody aircraft on operating leases with 18 different lessees across 15 countries.
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The transaction is serviced by Orix Aviation Systems Limited with Airborne Capital Limited and Arena Aviation Partners acting as sub-servicers and demonstrates the strength of Marathon’s aviation finance platform, with its focus on highly in-demand commercial aircraft and engines leased to airlines worldwide.
The portfolio’s weighted average age is approximately 9.5 years and weighted average remaining initial lease term is approximately 5.8 years. The issuance was structured with a senior tranche of investment grade debt, A rated by both Kroll Bond Rating Agency and Fitch Ratings.
A multi-disciplinary team of lawyers and professionals based in the Maples Group’s Dublin office advised Marathon Asset Management as Irish legal counsel on the transaction. Our legal team was led by Finance Partners Mary O’Neill and Stephen McLoughlin with support from Finance Associates Evan Lewis, Liam Needham and Emma Boylan. Tax advice was provided by Partner Will Fogarty and Tax Consultant Ted O’Byrne. Fiduciary Services Senior Vice President Kate Macken and Vice President John Paul Maguire provided directors and company secretarial assistance.
The Maples Group’s global Asset Finance team is comprised of lawyers and fiduciary services professionals located in the British Virgin Islands, the Cayman Islands, Dubai, Dublin, Hong Kong, London and Singapore. In February 2026, the team was recognised once again for its role on some of the aviation industry’s most innovative transactions at the Airline Economics Aviation 100 Awards 2026, including the ‘Overall Deal of the Year’.
