Shenzhen Airlines mandates A320 financings

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Chinese carrier Shenzhen Airlines has received export credit agency (ECA) support on four new Airbus A320 deliveries.

The Export-Import Bank of China (China Exim Bank) is acting as the guarantor in the transaction while the Bank of Tokyo Mitsubishi UFJ is the arranger, says a source.

Shenzhen Airlines, which took a new A320 from Airbus earlier this week, has 10 more deliveries scheduled this year.

In March the carrier sold a new A320 to China Aircraft Leasing (CALC) under a sale and leaseback transaction.