DVB Bank provided senior debt financing for a Japanese operating lease (JOL) financing arranged by operating lessor BBAM.
The JOL finances an Airbus A330-300 operated by KLM Royal Dutch Airlines. The 2012-vintage aircraft is leased to KLM until April 2022.
According to Flightglobal's Ascend Online database, KLM received an A330-300 (MSN 1300) on a 10-year lease from GECAS in April 2012.
The transaction marks DVB's second financing for NBB's acquisition of KLM aircraft. In May 2012 the bank financed a 2011-vintage 737-700 aircraft for the Dutch carrier.
DVB Transport Finance, Tokyo Branch is the senior lender in both financings.