Operating lessor AWAS has financed a new Airbus A320 delivery to Thai Airways’s subsidiary Thai Smile using its $500 million JP Morgan warehouse facility.
The A320 (MSN 5857) is the third of a nine A320 placement with the Thai carrier.
Last month AWAS financed the first A320 delivery to Thai Smile with a JOLCO arranged by BNP Paribas. The equity was underwritten by NTT Finance.
The second aircraft was financed with another JOLCO 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.
Thai Smile is scheduled to receive one additional A320 this year from the lessor, with the remaining five to be delivered in 2014.