Air Pacific closes ECA financing on A330

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Air Pacific has closed financing of its second Airbus A330-200 with KfW IPEX-Bank and Helaba, jointly arranging a European export credit agencies (ECA) facility.

The aircraft (MSN 1416) follows the delivery of another A330-200 (MSN 1394) in March.

Under the financing, both banks are jointly arrangers of the facility and co-debt providers. KfW IPEX-Bank is the facility agent.

The aircraft is the second of the three ordered by the airline in October 2011 and covered under the ECA-supported facility. Delivery of the remaining aircraft is scheduled for November.

The A330s will replace the carrier's two Boeing 747-400s, which will be returned to their lessors by the end of the year.

Air Pacific will re-launch as "Fiji Airways" next month. The aircraft are being delivered in Fiji Airways livery as part of a rebranding in which Air Pacific will assume the new name and visual identity in June.