Air China closes A321 financing

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Air China has closed financing of another Airbus A321 with a syndicate of French and German banks.

Groupe BPCE, KfW IPEX-Bank, Natixis Transport Finance and Siemens Bank are debt underwriters on the aircraft, MSN 5265. KfW IPEX-Bank and Natixis Transport Finance are overall arrangers with Natixis arranger of the French lease structure and export credit agency (ECA)agent.

The A321 is part of a six-aircraft mandate to be funded with French optimised leases, combined with ECA guaranteed loans.

Air China has two more A321 deliveries as part of this mandate, due in September and November.