KfW closes ECA financing for Air Arabia's A320

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

KfW IPEX-Bank has closed financing on a new Airbus A320-200 aircraft for Air Arabia under an export credit agency (ECA)-supported facility fronted by Euler Hermes.

Closing and delivery of the aircraft took place on 12 September 2013.

The bank, which confirms the deal, is acting as agent and security trustee of the 12-year loan.