VALC closes A321 club deal

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Vietnam Aircraft Leasing (VALC) has closed financing on a new Airbus A321 aircraft with a syndicate of three banks.

The A321 (MSN 5495) is the ninth unit in an order for 10 A321s - valued at $561 million and under a 12-year export credit agency (ECA) backed loan guaranteed by Germany's Euler Hermes.

Lenders in this facility include Sumitomo Mitsui Banking Corporation, KfW Ipex-Bank and Landesbank Hessen-Thuringen Girozentrale (Helaba).

The aircraft is leased to Vietnam Airlines.

VALC has one more aircraft (5555) on lease to Vietnam Airlines scheduled for delivery later this month.