Interjet mandates Natixis for Superjet 100 financing

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Mexican low-cost Interjet has mandated Natixis to arrange financing on a second batch of Sukhoi Superjet 100s.

The French bank will act as the mandated lead arranger and global facility agent for 11 new aircraft of the type.

The first nine Superjet 100s are being financed with the guarantee from Italy’s and France’s export credit agencies, Sace and Coface, along with Russian state-owned bank Vnesheconombank. Germany’s Deutsche Bank and Italy’s Intesa Sanpaolo are the co-arrangers and underwriters of export credit agencies-backed facilities covering the 93-seat aircraft for Interjet.

The transaction is innovative as it marks the first time that France, Italy and the Russian Federation have joined forces on an export credit operation. It is also one of the first transactions for a regional aircraft benefiting from a 100% guarantee from Coface, and the first aircraft financing arrangement to have benefited from a 100%, direct Sace guarantee.

Under the current financing structure, Interjet has received eight of the nine Superjet 100s. The final delivery is scheduled for July.

For the remaining 11 units, Russian export credit agency Exiar is set to participate along with Sace and Coface.

Interjet has ordered a total of 20 aircraft of the type, taking options for another 10. Its firm backlog stretches through April 2015, Flightglobal’s Ascend Online database shows.