Fuji Dream secures Y10 billion syndicated loan facility

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Fuji Dream Airlines recently received a Y10 billion ($97.6 million) syndicated loan facility from a group of Japanese banks, led by the Development Bank of Japan (DBJ) and Shizuoka Bank.

It is understood that the loan was used for the acquisition of an Embraer 175, as well as adding to the airline’s working capital.

The syndicate was made up of 16 Japanese banks, including Bank of Tokyo-Mitsubishi UFJ, Mizuho Bank and Aomori Bank, DBJ says. DBJ and Shizuoka acted as the lead arrangers of the facility.

Fuji Dream is a subsidiary of logisitics firm Suzoyo Group. Flightglobal’s Ascend Online Fleets database shows that it has a fleet of five E175s and three E170s.