Financial advisory firm Burnham Sterling & Co. LLC has announced it acted as exclusive financial advisor and placement agent to Hawaiian Airlines (NASDAQ: HA) for the Japanese yen (JPY) denominated financings of four Airbus A330 and two A321neo aircraft, the company said.
The financing solution has been a win-win for Hawaiian, as it serves the dual purpose of providing a natural hedge to its growing JPY revenues while lowering its all-in financing cost. Burnham Sterling structured and placed the transaction with eight institutional investors in Japan, all of which were first-time investors in Hawaiian.
Burnham Sterling is a specialized financial advisor focused on the transportation and other large asset financings. Burnham Sterling has closed billions of dollars in financings for clients such as Airbus, Avianca, Delta Air Lines, SAS, United Technologies Corporation, and many more. Transactions include debt placements, tax-subsidized leases and operating leases. Burnham Sterling is affiliated with Greenwich Aircraft Leasing, a lessor/manager of 32 commercial aircraft on lease to major airlines in Europe and the Americas.