UK-based aircraft leasing company AerFin has disclosed an asset-backed financing arrangement involving the acquisition of three Airbus A320neo airframes in collaboration with private investment company Turning Rock Partners.

The deal will see the aircraft integrated into a revenue pooling framework, with AerFin responsible for managing the dismantling, maintenance, and distribution of parts.

AerFin operates logistics centres in the UK, the US and Singapore, providing support to airlines and maintenance organisations worldwide.

The company has noted that its approach aims for efficient use of parts recovered from the disassembled airframes, offering steady returns over the course of the investment.

ORIX Aviation acted as transaction adviser and offered technical inspections for Turning Rock Partners. 

Legal advice was provided by Holland & Knight, with Deloitte serving as accounting and tax adviser.

Turning Rock Partners’ senior adviser Michael Platt was also involved in reviewing the financing arrangements. 

Turning Rock Partners credit head Sha Khoja said: “We’re excited to partner with AerFin on this transaction, which demonstrates Turning Rock’s ability to originate and structure differentiated investments backed by tangible assets.

“This investment underscores TRP’s continued focus on sourcing opportunities in asset-heavy sectors where capital inefficiencies and market dislocation create compelling entry points.”

AerFin CEO Simon Goodson commented: “This partnership reflects the confidence investors have in AerFin’s ability to maximise value from next-generation assets like the A320neo.

“Our technical expertise and proven track record in strategic asset monetisation enable us to deliver efficient, sustainable solutions that unlock value and create long-term benefits for our partners.”