NAVIGATOR 2025-1 ABS

NAVIGATOR 2025-1

Fexco Aviation Services (“Fexco”) is proud to have been appointed Managing Agent for Navigator 2025-1 Aviation Limited and joint issuer Navigator Aviation Warehouse II LLC.

This successful $610 million Asset-Backed Securities (ABS) issuance attracted strong market interest and closed with highly favourable pricing. Proceeds from the issuance funded the acquisition of a strong portfolio of 23 commercial aircraft.

Fexco is pleased to continue our collaboration with Dubai Aerospace Enterprise (DAE) Ltd and its affiliates, who will act as Servicer for the structure. This transaction marks another example of Fexco’s end-to-end role — from the inception of the warehouse financing (now fully repaid) through to the ABS issuance — and reflects the continued rebound and resilience of the aviation ABS market.

🔹 Lead Structuring Agent & Joint Lead Bookrunner: Mizuho Securities
🔹 Co-Structuring Agent & Joint Lead Bookrunner: BNP Paribas, Citigroup
🔹 Liquidity Facility Provider: Crédit Agricole CIB
🔹 Joint Lead Bookrunner: Crédit Agricole Securities, Fifth Third Securities, Truist Securities

A big thank you to all our partners and stakeholders for their collaboration and trust.