BNP closes JOLCO on China Southern A320

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BNP Paribas closed a Japanese operating lease with a call option (JOLCO) financing for one Airbus A320 aircraft for China Southern Airlines. This is the first of two A320s being delivered to the carrier this month.

The aircraft has been financed together with a pool of Asian banks.

BNP Paribas was the mandated lead arranger together with the other banks, as well as lease coordinator, facility agent and security agent for the transaction.