Capital Sourcing

In addition to investing its own capital, Vx works in partnership with a variety of financial institutions to fund its origination program. The major categories of financing utilized by Vx are as follows:

Term Debt

Our traditional operating leasing portfolio is financed with non-recourse term debt. The senior debt supporting our transactions is generally provided by experienced aviation lenders, with whom we have had long-standing relationships. In certain cases, the debt is an integral part of the original acquisition and in other cases, leverage is applied at a later date. We also utilize non-traditional capital sources for mezzanine and subordinated debt.

Partnering

Most of our restructuring and remarketing transactions are acquired in co-investment structures in partnership with a select group of investors. Generally, Vx sources a transaction and makes an investment alongside its “partner”. Through these structures, Vx earns both a return on its equity investment and fee income for sourcing, managing and remarketing on behalf of the partnership.

Structured Finance

Vx has arranged several multiple aircraft transactions on behalf of third-party investors. These transactions typically offer high-yields and are secured by assets/collateral which would be challenging for traditional lenders. Vx has substantial analytical and structuring expertise, in addition to extensive contacts with airlines and lessors, which enable it to accomplish these larger ($100mm plus) transactions. Vx normally acts as arranger and asset manager in these transactions.