Cebu Pacific finances A320 with ECA loan

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Cebu Pacific Air has financed a new Airbus A320 delivery with a 12-year export credit agency guaranteed loan transaction.

The aircraft, MSN 5320, is the second of three A320s under a mandate with KfW IPEX-Bank and Sumitomo Mitsui Banking (SMBC).

Both banks are acting as joint arrangers of the transaction, with KfW IPEX-Bank also acting as agent and security trustee.

The first aircraft under this mandate, MSN 5250, was delivered in August. The remaining aircraft is scheduled for delivery in November this year.