After completing a strategic business review, in February 2016, ECN Capital announced the wind down of our Aviation Finance business. Our Aviation Finance team is focused on harvesting capital by executing a disciplined, profitable, methodical departure from the business.
WIND DOWN PLAN
- Gradual, robust, profitable departure
- Wind down achieved through the outright sale of individual exposures or portfolios, early buy-outs, syndication, terminations and portfolio run-off
- Limited new originations only executed to maintain strategic relationships
- Portfolio reduced from $1.5 billion in February 2016 to $992 million as of March 31, 2017 ($888 in financial assets (net book value) excluding inventory)