Aircraft leasing and asset management firm Airborne Capital has secured more than £100 million of financing through Investec Aviation Finance.

Investec says the securing of the facility comes as demand for debt in the sector continues to strengthen.

The financing was secured against a portfolio of five young narrowbody aircraft and “reflects Investec’s ability to structure loans creatively to meet the complex needs of the aviation industry”, the firm said.

Each aircraft had a different lessee, including a mix of flag carriers and low cost carriers.

The facility was structured to cater to specific lease extension options while addressing the maintenance contributions and end-of-lease return obligations. It also included an aspect of off-lease aircraft financing.

Derek Wong. Head of Investec Aviation Finance debt funds, said: “We are delighted to close this significant transaction with Airborne Capital and deepen the relationship between two innovative aviation capital providers. We look forward to working with Airborne on future projects.”

Anand Ramachandran, chief financial officer at Airborne Capital, added: “This deal will allow us to continue growing our business and client base. It was a pleasure to complete this transaction with Investec and we look forward to working with its team again in future.”