Air China mandates NTF on six A320s financing

London
Source: Flightglobal.com
This story is sourced from Flightglobal.com

Air China has mandated Natixis Transport Finance (NTF) to arrange financing on six new Airbus A320 aircraft scheduled for delivery this year.

The French bank is the arranger of a French optimised lease financing along with Export Credit Agencies guaranteed structure. NTF will team up with various banks to arrange the debt portion under the ECA guarantee.

The A320s under this mandate are equipped with CFM-5B4/3 PIP engines. They will deliver through December 2012.

Air China closed the financing of one A320 in January this year through a combined French structured lease and a commercial debt financing. KfW IPEX-Bank and Crédit Agricole Corporate and Investment Bank acted as co-arrangers.

In January 2011 Air China mandated Natixis Transport Finance to arrange a similar financing structure covering three A320s and one A321 in a $200 million deal. The 10-year financing closed in September.