BA hunting for JOL funds for 787 deliveries: sources

London
Source: Flightglobal.com
This story is sourced from Flightglobal.com

British Airways is in the market looking for Japanese operating leases to finance its upcoming Boeing 787 deliveries, say market sources.

Some of the deliveries will be funded under the flag carrier's 36-aircraft bank facility, which was agreed in 2007 with a of group Chinese, Japanese and European banks. However, a source indicates the carrier will need to look beyond the facility as it is "nearly full".

That facility is intended for financing Boeing 777, Boeing 787 and Airbus A320 aircraft.

The carrier will take delivery of its first Boeing 787-8 in May 2013, before receiving a further three of the type by the end of the year. The carrier has orders for eight 787-8s, 16 787-9s and 12 A380s.

The delivery date was confirmed by chief executive Keith Williams during a speech to the Aviation Club in London on 13 September.