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Credit Suisse launches aviation financing subsidiary in Ireland

Credit Suisse Group AG launched a subsidiary in Ireland called SCALE Aviation DAC to provide financing and liquidity for the global aviation industry.

Based in Dublin, SCALE Aviation will focus on supporting the Swiss lender's clients in "driving increased aviation investment and facilitating seamless execution of aviation transactional activity," the Swiss lender said.

The bank added that SCALE will not be an aviation lessor and has no intention of building a long-term investment portfolio of aircraft.