Operating lessor AWAS has financed a new Airbus A320 delivery with a Japanese operating lease with call option structured arranged by BNP Paribas.
The lessor, which confirm the transaction, says the French bank is the JOLCO and debt arranger in the transaction.
The equity underwriter is NTT Finance in the transaction.
The aircraft (MSN 5806), the first of a nine A320 placement with Thai Airways was delivered on 23 October. It will be used by subsidiary Thai Smile.
The carrier is scheduled to receive three more A320s this year from the lessor, with the remaining five to be delivered in 2014.
The transaction marks the second time AWAS closes a JOLCO financing. The lessor its first transaction in March this year 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.