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MUFG closes first aircraft non-payment insurance covered facility for Azorra as structuring agent 

New York, NY (March 26, 2024) – Mitsubishi UFJ Financial Group (MUFG) is pleased to announce the closing of the first aircraft non-payment insurance covered facility for Azorra.

MUFG acted as structuring agent, working in close collaboration with Itasca MGA, which served as insurer agent. This transaction financed Azorra’s acquisition of two Airbus A330-330s operated by Turkish Airlines from Voyager Aviation Holdings and supports the client’s overall fleet growth strategy, and is the lessor’s first insurance covered financing.

Claudia Ziemer, SVP Finance of Azorra, said: “To have closed Azorra’s first insurance covered financing is truly exciting for the team, and would not have been possible without the support of our partner MUFG and the commitment of Itasca MGA. We are grateful for their collaboration as we continue our fleet growth trajectory.”

Olivier Trauchessec, Head of Global Aviation at MUFG, said: “We are proud to have collaborated with Azorra on their first aircraft non-payment insurance covered facility. Being able to partner with our clients to develop innovative financing structures that meet their business needs is one of the tenets of MUFG’s Aviation Finance business.” 

Press contact:

Oksana Poltavets
T: +1-646-767-1326

About MUFG and MUFG Americas
Mitsubishi UFJ Financial Group, Inc. (MUFG) is one of the world’s leading financial groups. Headquartered in Tokyo and with over 360 years of history, MUFG has a global network with approximately 2,100 locations in more than 50 countries. MUFG has nearly 160,000 employees and offers services including commercial banking, trust banking, securities, credit cards, consumer finance, asset management, and leasing. The Group aims to be “the world’s most trusted financial group” through close collaboration among our operating companies and flexibly respond to all the financial needs of our customers, serving society, and fostering shared and sustainable growth for a better world. MUFG’s shares trade on the Tokyo, Nagoya, and New York stock exchanges.

MUFG’s Americas operations, including its offices in the U.S., Latin America, and Canada, are primarily organized under MUFG Bank, Ltd. and subsidiaries, and are focused on Global Corporate and Investment Banking, Japanese Corporate Banking, and Global Markets. MUFG is one of the largest foreign banking organizations in the Americas. For locations, banking capabilities and services, career opportunities, and more, visit

About Azorra
Azorra is a relationship-driven aircraft lessor that provides leasing, financing, fleet transition and asset management solutions to aircraft investors, financiers and airline operators worldwide. Azorra’s multi-cultural team reflects the global markets that we serve and includes core competencies in aviation law, aircraft finance, maintenance, marketing, sales and leasing. Our team is led by seasoned veterans having a shared history of success and is complemented with young professionals that bring fresh perspective, ideas and enthusiasm. Azorra currently owns and manages a fleet of aircraft on lease to operators around the world, with total commitments of more than 160 aircraft, including orders for new Airbus A220-100/300 aircraft and Embraer E190/195-E2 aircraft. The company is headquartered in Fort Lauderdale, Florida, and has offices in Dublin, Toulouse and Seattle.    
For additional information, please visit us at or on LinkedIn.    

201 East Las Olas Blvd, Suite 2250    
Fort Lauderdale, FL 33301    

Press Contacts

United States

Daniel Weidman

Oksana Poltavets