Aircraft Fleet Investment Overview
Aircraft Collateral Summary
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The initial aggregate Appraised Value is $867,950,000(1) indicating an initial collateral cushion of approximately 51.0% (2) and 42.4% (2)
on the Class AA and Class A Certificates, respectively, which decreases over time based on assumed depreciation of appraised
collateral value(3)
Aircraft
No.
Aircraft
Туре
1
Airbus A220-100
Registration
Number
Serial
Delivery
Number
Month
AISI
Appraised Value ($mm)
BK
mba
LMM
N103DU
50022
Dec-18
$31.52
$38.39
$34.00
$34.08
2
Airbus A220-100
N104DU
50023
Dec-18
31.57
38.50
34.08
34.08
3
Airbus A321-211
N360DN
Aug-18
50.44
51.50
5203
51.56
4
Airbus A321-211
N361DN
0423
Aug-18
50.46
51.50
52.83
51.56
5
Airbus A321-211
N362DN
8447
Sep-18
50.57
51.71
53.12
51.71
6
Airbus A321-211
N363DN
8507
Sep-18
50.75
51.79
53.12
51.79
7
Airbus A321-211
N3640X
8530
Od-18
50.97
52.00
53.42
52.00
Airbus A321-211
N305ON
0536
Nov-10
51.18
52.21
53.72
52.21
B
Boeing 737-900ER
N907DN
32010
Nov-18
46.38
53.57
49.46
49.40
10
Boeing 737-900ER
N909ON
64880
Nov-18
47.13
54.40
50.22
50.22
11
Boeing 737-900ER
N910DU
32011
Dec-18
46.63
53.76
49.72
49.72
12
Boeing 737-900ER
N911DQ
64882
Dec-18
46.72
53.87
49.72
49.72
13
Airbus A350-941
14
Airbus A350-941
TOTAL
N510DN
02044
May-18
141.00
146.97
145.12
144.65
N511DN
0210
Jun-18
142.26
147.39
145.82
145.19
$838.39
$897.68
$877.36
$867.95
(1) Appraised value is calculated using the lesser of the median and mean ("LMM") values of each aircraft as appraised by Aircraft Information Services, Inc. (AISI"), Morten Beyer & Agnew,
Inc. ("mba") and BK Associates, Inc. ("BK"). An appraisal is only an estimate of value and should not be relied upon as a measure of realizable value. See Appendix II of the Preliminary
Prospectus Supplement for information regarding each appraiser's appraisal methodology
(2) The minimum collateral cushion is calculated as of October 25, 2023, the regular distribution date with the Max LTV set forth under "Loan to Aircraft Value Ratios" in the Summary of the
Preliminary Prospectus Supplement
(3) Assumes that the appraised value of the aircraft depreciates by 3% per year
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