Asiana mandates 777 Ex-Im financing

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

South Korea's Asiana Airlines has mandated Natixis Transport Finance to arrange an US Export-Import Bank guaranteed financing covering one new Boeing 777-200ER aircraft.

The French bank is also debt underwriter of a 12-year guaranteed facility.

Korean Development Bank is the junior lender in the transaction. The deal is in documentation.

According to Flightglobal's Ascend Online database, Asiana has two Boeing 777-200ER aircraft on backlog equipped with Pratt & Whitney 4000 engines. The first aircraft (MSN 40198) is scheduled for delivery next month. The second is due in December 2013.

Earlier this year, the carrier raised $370 million from an asset backed securities transaction, secured by passenger ticket sales mostly on Asiana's Japanese routes.