AirAsia mandates French consortium for A320 financing

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AirAsia Group has mandated financing for three new Airbus A320 deliveries delivering this year to BNP Paribas and Crédit Industriel & Commercial (CIC).

The aircraft will be financed under a 12-year commercial finance lease structure with BNP Paribas Singapore branch acting as debt arranger. CIC Singapore is the debt provider in the transactions.

The first aircraft (MSN 5547) closed in March 2013. The aircraft is operated by AirAsia Japan.

The other two aircraft are to be delivered in the final quarter of 2013.