Deutsche Capital Management (DCM) is to finalise a $73 million engine financing transaction in the first quarter of this year.
DCM launched a new fund (DCM Triebwerkfonds 1), which invests in three General Electric's GE90-115B engines that are on lease to Emirates Airline for seven and a half years.
The purchase agreement for the engines was signed with GECAS last year. The first engine closed in August, the second last month.
A subsidiary of Bank of Tokyo Mitsubishi is the debt provider in the transaction.
GECAS was retained as the asset and remarketing manager in the transaction.