Republic Airways gets HALO’s inaugural credit facility

By William Gullotti

Buffalo, N.Y., April 13 – Republic Airways closed on a credit facility provided by HALO AirFinance, a joint venture established by GA Telesis, LLC and Tokyo Century Corp., to finance a portfolio of General Electric CF34-8E engines, according to a press release on Thursday.

This is the inaugural transaction executed under HALO’s first fund HALO One, which was launched last month in partnership with InterVest Capital Partners.

Joe Allman, chief financial officer of Republic Airways, commented, “HALO demonstrated a high level of underwriting expertise to deliver a compelling financing package for our engine assets. Their clear understanding of the asset class and insights into the nuances of our engine operations made structuring the transaction seamless from the onset.”

Facility details, such as commitment total, interest rate and maturity, were not disclosed in the press release.

GA Telesis and Tokyo Century Corporation launched HALO as a bespoke lending platform focused on secured debt solutions for airlines, lessors and investors across a broad spectrum of aircraft and engine types. Republic is a regional airline in the United States.

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