Thai Airways mandates Natixis for A330 financing

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Thai Airways International has mandated Natixis the financing of two new Airbus A330-300 aircraft scheduled for delivery next year.

Natixis will arrange a 12-year French operating lease combined with a commercial loan on the two deliveries, MSNs 1374 and 1411. 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 carrier approached the banking market in the 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 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.

The two A330-300s aircraft are the last of a seven-aircraft order placed in August 2010.