Operating lessor AWAS has financed a new Airbus A320 delivery with a Japanese operating lease and a call option (JOLCO), in a deal arranged by French bank Crédit Agricole Corporate and Investment Bank (CA-CIB).
The equity portion of the JOLCO was underwritten by Financial Products Group, while the debt portion was provided by CA-CIB and the Development Bank of Japan.
CA-CIB acted as overall arranger, facility agent and security trustee, says AWAS.
The A320 (MSN 5828) is the second of a nine A320 placement with Thai Airways. It will be operated by subsidiary Thai Smile.
The transaction marks the third time AWAS closes a JOLCO financing.
The lessor closed it first transaction in March this year with CA-CIB also acting as overall arranger of a JOLCO covering a new A320 delivery toAeroflot Russian Airlines. The equity portion was underwritten by Financial Products Group, while the debt portion was provided by CA-CIB and the Development Bank of Japan.
Last week AWAS financed a new Airbus A320 delivery to Thai Smile with a JOLCO arranged by BNP Paribas. The equity was underwritten by NTT Finance.
Thai Smile is scheduled to receive two more A320s this year from the lessor, with the remaining five to be delivered in 2014.