DVB and Guggenheim close facilities for A330-200s and 777-200ERs

Source: Flightglobal.com
This story is sourced from Flightglobal.com

DVB Bank closed two separate finance facilities with Guggenheim Aviation Partners, covering two A330-200 (MSN 947, 956) aircraft on lease to Jet Airways and three Boeing 777-200ER (29588, 31477, 31478) aircraft on lease to American Airlines.

The finance facility for the two A330-200s closed in late March. Both aircraft were delivered new to Jet Airways in 2008 and were subject to a sale and leaseback with Guggenheim's managed fund.

The finance facility for three 777-200ER aircraft closed in early June. The aircraft were originally delivered to American from 2000 to 2002 and were also subject to a sale and leaseback earlier this year with the Guggenheim fund. DVB Bank provided a back leveraging of this acquisition by the Guggenheim fund.