The Caisse de dépôt etplacement du Québec (CDPQ) is partnering with aircraft leasing company SMBC Aviation Capital to invest $1.5 billion in a new global aircraft leasing and financing platform.
The investment targets an initial commitment of $500 million per year over three years for this new platform, operated under SMBC Aviation Capital's Maple Aircraft Company Holdings Limited banner, and next-generation fuel-efficient aircraft aimed.
“By building on CDPQ's experience in the aircraft financing sector, through this new platform we will continue to offer flexible financing solutions that enable airlines to meet their future needs,” said Marc Cormier, first vice president and head of fixed income, on Monday at CDPQ.
This decision will allow “to identify the best opportunities in the commercial aviation sector and achieve attractive risk-adjusted returns over the long term,” Mr. Cormier said.
“We are pleased to partner with CDPQ on this new platform that will benefit our airline customers around the world,” said Peter Barrett, CEO of SMBC Aviation Capital, a company with a fleet of more than 900 aircraft.