AWAS closes first JOLCO on an Aeroflot A320

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AWAS closed its first Japanese operating lease with a call option (JOLCO) today for an Airbus A320 aircraft on lease to Aeroflot Russian Airlines.

Crédit Agricole Corporate and Investment Bank (CA CIB) acted as overall arranger, facility agent and security trustee. The equity portion, which was secured by AWAS, was underwritten by Financial Products Group, while the debt portion was provided by CA CIB and the Development Bank of Japan.