BA mandates A380 deliveries

Hong Kong
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British Airways is rumoured to have mandated French bank Credit Agricole - CIB for the financing of Airbus A380s scheduled for delivery this year.

The French bank is the mandated lead arranger of commercial debt facilities covering four A380s, sources indicate.

The first aircraft (MSN 148) closed at the end of March and will be followed by another aircraft in May and two more aircraft in August and September, according to Flightglobal’s Ascend Online database.

The IAG-owned UK carrier took delivery of another A380 in January, which was financed using its balance sheet, one source says.

Credit Agricole – CIB denied to comment.