Aviation Finance
Instruments are listed with speed and efficiency by a team with expertise in cross-border transactions
QIBM welcomes Aviation Finance structures used by airlines, operating lessors and lenders in cross-border aviation finance transactions.
Listing is seamlessly facilitated by the QIBM Listing Rules and, where applicable, the Equity Market and Specialist Companies Listing Rules.
Aviation instruments
The range of instruments TISE can help with include:
SPVs
SPVs owning (and/or leasing) an aircraft for a specific transaction
Asset-backed securities
Asset-backed securities and debt instruments secured by aircraft
Islamic finance structures
Islamic finance structures such as sukuk and ijarah supporting aviation financing
ESG
ESG and green aviation bonds - can be listed on TISE Sustainable – see tisegroup.com/sustainable
Funds
Listings of funds linked to the aviation sector, including the ownership and leasing of aircraft
Case Studies
1.
A UK SPV financed the acquisition of a minority stake in an aviation services company operating wide-body aircraft for government and civil leasing, in a deal worth £189 million.
2.
An Ireland-based SPV issued debt to fund the acquisition of a global aviation group operating over 130 aircraft across Europe, Africa, and Asia, focused on cargo and passenger services.
3.
A UK SPV acquired a specialist avionics repair provider in 2025, expanding global maintenance capabilities under private equity-backed aerospace investment.
4.
A Guernsey-based investment companies issued preference shares to acquire and lease Airbus A380 aircraft to major airlines, aiming for income and capital returns through structured leasing.
Fee Example: an issuer listing one security class
| Initial fees | Annual Fees | Year 1 Total: £9,100 Year 2+ Total: £1,750 |
|
| Issuer | £5,500 | ||
| Class | £1,600 | £1,750 | |
| Formal Notice | £250 | ||
| Sub-total | £7,350 | £1,750 |
How to List Bonds on TISE
The submission process
The procedure for listing comprises four stages
1. Satisfying Listing Conditions
Before an application to list a security is considered for submission to TISE, the appointed Listing Agent is required to vet the application against certain conditions for listing prescribed within the QIBM Listing Rules.
Read MoreLess2. Application for Listing
The applicant, through its appointed Listing Agent, must submit certain documents as required by the QIBM Listing Rules. Documentation requirements include a Listing Document (which can also take the form of an existing published prospectus, offering memorandum or equivalent document) together with supporting documentation such as accounts or certain material contracts (where applicable) as well as the TISE 1 Form & Listing Agent’s Declaration.
Read MoreLess3. Approval
All applications for listing will be processed by the team in our Listing Department. Once satisfied with an application they will submit a report, including their recommendations to TISE’s Listing and Membership Committee (LMC) for the LMC’s consideration.
Read MoreLess4. Listing
If the LMC approves the application, the Listing Document is then filed and the securities are admitted to the Official List.
Read MoreLessKey reference points
The key points of reference for the listing process:
Appoint a Listing Agent
A listing application must be made via one of our dedicated listing members
Listing Rules
We provide a dedicated all-inclusive rule book which sets out a proportionate disclosure regime for all bond products & structures
Listing Fees
We offer payment solutions that can save issuers significant sums on both listing & admin costs versus other European listing venues
Continuing Obligations
Post listing continuing obligations can be located at chapter 3 of the QIBM Listing Rules
Europe’s most comprehensive sustainable market segment, enabling the flow of capital into investments that promote environmental, social or sustainable activities.
Sustainable
TISE is one of Europe’s leading stock exchanges for international bond listings providing compelling differentiators when compared with other European listing venues.
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