CA-CIB closes JOLCO financing on Qantas first 787

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Crédit Agricole CIB closed the commercial financing, under a Japanese operating lease structure with call option (JOLCO), of Qantas Group’s first Boeing 787-8, which will be operated by Jetstar Airways.

The aircraft (MSN 36227) transaction closed on 7 October.

The French bank acted as the JOLCO’s arranger, global coordinator, facility agent and security trustee. This was the fourth JOLCO financing structured and arranged for Qantas by Crédit Agricole CIB in 2013.