Deutsche/DVB Bank close 777F financing for DAE Capital

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DAE Capital has closed financing on the third Boeing 777-200F delivered to Emirates SkyCargo.

The operating lessor secured financing with a loan jointly provided by Deutsche Bank and DVB Bank covering the 777-200F, MSN 35612, equipped with GE90-110BL1 engines.

DAE Capital financed the previous two 777-200Fs (35606 and 35607) in 2009, through an Export-Import Bank of the United States guaranteed facility. Citibank provided a 12-year $450 million loan covering the aircraft as well as eight 737-800s.

According to Flightglobal's Ascend database, DAE Capital has another 777-200F delivery scheduled for Emirates SkyCargo in May 2013.