Operating lessor Avation has closed financing on a new ATR 72-600 delivery with a $16.3 million commercial debt loan.
Avation says it funded the equity into the deal and the debt was secured at "competitive commercial funding margins" from a European commercial bank.
The ATR 72-600 (MSN 1073) is part of a five-aircraft deal under an $82 million loan facility.
The aircraft will be leased to the Australian carrier Skywest Airlines, which will operate the aircraft on behalf of Virgin Australia.
Avation has taken delivery of a total of nine ATR 72-500/600s directly from the manufacturer, and two ATR 72-500s under operating leases from Nordic Aviation Capital.
The operating lessor has four more deliveries scheduled this year.
Last year French bank Crédit Agricole Corporate & Investment Bank (CA-CIB) closed financing four ATR 72-500s and four ATR 72-600s with a 10-year term for Avation. CA-CIB arranged the export credit agency- (ECA) guaranteed loans and jointly acted as lender with Germany's KfW IPEX-Bank.