Lion Air funds ATR 72 fleet with BNP Paribas debt

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Indonesian carrier Lion Air has sourced the debt for four new ATR 72 aircraft from BNP Paribas in a deal arranged by Transportation Partners.

The French bank provided a 10-year commercial loan covering the first aircraft, an ATR 72-500 (MSN 1055), which was delivered on 29 November.

This is the first aircraft of a package of four comprising two ATR 72-500s and two ATR 72-600s. The remaining three aircraft will be delivered over the course of December.

The aircraft will be operated by Lion Air's subsidiary Wings Air.

New aircraft leasing and advisory vehicle Transportation Partners negotiates on behalf of Lion Group for all its financings, including sale and leasebacks and strategic investments.

Last month it arranged a Boeing lease deal between BOC Aviation and Lion Air, with the Indonesian carrier leasing six Boeing 737-800s and three 737-900ERs.