Kazakh flag carrier Air Astana has mandated HSBC and Private Export Funding (PEFCO) for the financing of its new Boeing 767-300ER aircraft, according to its chief executive Peter Forster.
The new 767-300ER, which will deliver throughout the first quarter of next year, are under US Export-Import Bank guarantee. The loan has a 12-year maturity.
The first aircraft under this facility is scheduled for delivery later this month. Air Astana is expected to receive a second aircraft of the type in November this year and the final 767-300ER in February 2014.
The transaction follows the mandate of three Airbus A320 deliveries this year to HSBC. The bank arranged an 12-year export credit agency (ECA)-guaranteed loan facilitated by Germany's Euler Hermes.
The first aircraft was delivered in May. A second aircraft joined last week while the remaining aircraft is scheduled for later this month.