Operating lessor AWAS has raised $224 million in financing to support the purchase of eight recently acquired narrowbody aircraft.
Crédit Agricole Corporate & Investment Bank (CA-CIB) arranged the $224 million commercial facility. In the transaction, CA-CIB is the sole underwriter, sole mandated lead arranger, agent and liquidity facility provider.
The Airbus A320 and Boeing 737 aircraft are on lease to various airlines.
CA-CIB says financing on six of the eight aircraft have closed.
The transaction marks the second time in February the French bank acted as a lender for AWAS
Earlier this month CA-CIB joined forces with Commonwealth Bank of Australia to provide a commercial debt facility to finance a five-aircraft portfolio acquired from BOC Aviation.
The portfolio included an Airbus A320 with a lease attached to Etihad Airways and a 2010-vintage Boeing 737-800 on lease to Shandong Airlines. Both airlines became new lessees for AWAS. The lessor also acquired a 2010-vintage A320 on lease to Spring Airlines as well as two Boeing 737NG leased to WestJet Airlines.