Dublin based Lobo Leasing have announced the formation of LEVL Leasing a joint venture (JV) with Germany’s EMP Structured Assets to provide capital finance and leasing options for EMS, firefighting, SAR, and other Environmental, Social and Governance (ESG) compliant transactions. The 50-50 joint venture has secured funding of EUR 75m from a Swiss fund. Indeed, the new company has already secured its first transaction the acquisition and lease of two Airbus H145s for Everitt Aviation. The aircraft are to be used on EMS contract in Kenya.
Commenting on the announcement Lobo CEO Dan Roberts said “We are thrilled to have formalised our relationship with EMP through the formation of LEVL Leasing. This partnership has been years in the making and creates a hugely powerful combination capable of delivering (through a single platform) the full variety of leasing products required by the helicopter and emerging vertical lift industries. The Everett H145 transaction is the perfect start and represents a great opportunity to embark on our strategy of building a dedicated ESG compliant portfolio.”.