LONDON Nov 19 South African bank and asset
manager Investec said it has attracted $500 million for
a fund to invest in new generation fuel-efficient aircraft that
are leased by airlines around the world.
Investec Aviation Finance said it is pioneering aviation
finance as an asset class and may increase the size of the fund.
Investec Aircraft Syndicate Limited (IASL) will offer an
annual cash yield of 7-9 percent with an overall return expected
to be around 15 percent over five to eight years, the company
Investec said it had attracted investment in the past from
insurance companies and pension and superannuation funds, and
private banking clients.