Blackbird Capital II ABS closes

Blackbird Capital II ABS closesBlackbird Capital II ABS closes

Blackbird Capital II (Blackbird) has closed its $745 million asset backed securitisation (ABS) transaction, which comprises $630 million 2.443% A notes and $115 million 3.446% B notes. The Cayman Issuer also issued an E note representing the equity interest in BBIRD Cayman, which was acquired by Blackbird. The A and B notes were rated A1 and Baa1, respectively, by Moody’s and A and BBB, respectively, by Kroll. The notes are backed by a portfolio of 18 aircraft, which comprise a mix of narrowbody and widebody jet aircraft with an average age of 2.9 years and were leased or expected to

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