Irish operating lessor Avolon Aerospace has closed financing on a new Airbus A320 delivery with a loan provided by KfW IPEX-Bank.
The German bank acted as lender, arranger, facility agent and security trustee of the commercial loan.
The aircraft (MSN 5950) was delivered on 13 February.
The A320 is the third of a four-aircraft package purchased from LAN Airlines and placed under an operating lease agreement with Turkey’s Pegasus Airlines.
The first aircraft closed on 29 November 2013, the second in December. Both deliveries were financed with the existing warehouse facility. The final aircraft is expected in March.