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AASET 2018-1: 08 February 2018


AA SET 2018-1 Trust will issue Class A Fixed Rate Secured Notes Series 2018-1, Class B Fixed Rate Secured Notes Series 2018-1 and Class C Fixed Rate Secured Notes Series 2018-1 and, together with the Initial Class A Notes and the Initial Class B Notes, AASET may offer notes designated as Class D notes at any time after the date of this Offering Memorandum, pursuant to separate offering materials.

Each Issuer expects to use all of the proceeds from the sale of its Initial Series A AOE Notes and a portion of the proceeds from the sale of the Initial Series B AOE Notes and Initial Series C AOE Notes as partial consideration for the purchase of 24 aircraft by acquisition of companies and trusts that own or have the right to acquire such Initial Aircraft from certain funds managed by affiliates of Apollo Aviation Group, LLC.

As of 1 January 2018, the Initial Aircraft were leased to 16 lessees in 14 countries. The AOE Issuers expect to acquire the Initial Aircraft within 270 days after the date of the issuance of the Initial Notes and the Initial AOE Notes.

Apollo Aviation Management Limited, an affiliate of AAG, will act as the initial servicer with respect to the Initial Aircraft acquired by the AOE Issuers and their respective subsidiaries.