BNP Paribas arranges JOLCO financing for Air France A380

London
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Air France has closed financing of one new Airbus A380 under a Japanese Operating Lease with Call Option (JOLCO) structure.

The aircraft (MSN 115) delivered in September.

BNP Paribas acted as lease arranger, debt arranger and security trustee. Banque Postale is a lender in the transaction.

The transaction marks the first A380 aircraft financing arranged by BNP Paribas for Air France and the first commercial debt financing of an A380 aircraft.