Natixis closes A330 financing for Thai

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Natixis has closed financing on the first of two Airbus A330-300 aircraft for Thai Airways International.

The French bank is the overall arranger of a 12-year French operating lease combined with a commercial loan on the aircraft (MSN 1374), which delivered last week.

The French bank is the equity provider and overall arranger in the transaction. It is also a debt participant with Commerzbank and Standard Chartered.

The second aircraft (MSN 1408) as part of this mandate is due in April this year. The two A330-300s aircraft are the last of a seven-aircraft order placed in August 2010.

The carrier approached the banking market last summer with a request for proposal, covering up to three Airbus widebody aircraft including one A380 and one A330-300 aircraft scheduled for January 2013. Another A330-300 is scheduled for April.

Thai Airways financed its last two A330-300 deliveries under a similar financing structure with Crédit Agricole Corporate and Investment Banking (CA-CIB), Landesbank Hessen-Thüringen Girozentrale and Kasikornbank. CA-CIB acted as lease arranger, facility agent and security trustee for both aircraft, MSN 1338 and 1348, which were delivered in September and October, respectively.

The carrier received one A330-300, MSN 1289, in February 2012 and financed the delivery with commercial debt facility provided by BNP Paribas, Development Bank of Japan and Sumitomo Mitsui Banking. In this financing, BNP Paribas was the main arranger, facility agent and security trustee.