Why FitzWalter’s ‘hyper-aggressive’ A350s sales process has shaken the JOL/JOLCO market

Ishka is aware that three French banks Credit Agricole Corporate & Investment Bank (CACIB), Natixis, and BNP Paribas, have sold senior debt portions on separate JOLs and JOLCOs they originated to investment fund FitzWalter Capital (FitzWalter). Sources state the investment fund is looking to acquire the aircraft at discount via a sales process, potentially at the expense of junior noteholders and Japanese equity holders.

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