Aviation Finance
In accordance with the press release dated 17 June 2024, NORD/LB is withdrawing from the aircraft financing business. The decision is part of the strategic realignment as a bank of the energy transition, which is also accompanied by a stronger focus on the Renewable Energies, Commercial Real Estate and Corporate Customers business segments.
The current aircraft portfolio has a volume of around 2.75 billion euros (as at 31 March 2024) and includes around 300 financed aircraft and engines. A purchase agreement was concluded with Deutsche Bank for the majority of the portfolio, totalling EUR 1.67 billion, thereby finding a new partner for our customers. The remaining portfolio totalling around EUR 1.1 billion will remain in the NORD/LB Group and will be gradually phased out.
NORD/LB can look back on a history of over forty years as a recognised and respected market player in the field of aircraft financing. We would like to thank all our customers in this segment for their close and trusting cooperation.
Further information can be found here.
Links to other departments
Sector Strategy
Sustainability
We are proud to be a founding member and driving force behind Impact on Sustainable Aviation. Together with 35 other members from the aircraft finance industry, we support the transition of international air transport to Net-Zero. On 11 May 2023, Impact has been crowned as winner of the Airline Economics Sustainability Team Award 2023.
Here you can find more information impact-on-sustainable-aviation.org
Contact
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Oliver Gruenke
Aviation Finance | Head Origination | Europe, EMEA and America
Phone: +49 (0) 511 361-8965
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Sabine Groth
Aviation Finance | Head, Portfolio Management & Execution I
Phone: +49 (0) 511 361-2966
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Carola Krentz
Aviation Finance | Head, Portfolio Management & Execution II
Phone: +49 (0) 511 361-6573
