Virgin Atlantic hires MDT for 787 financing

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Virgin Atlantic has mandated MDT as financial advisor to handle the financing of its Boeing 787-9 aircraft deliveries, market sources say.

Under the terms of the mandate, MDT will source pre-delivery payments and arrange long-term financing on the aircraft.

The UK-based carrier placed an order for 16 aircraft of the type in 2007. Deliveries are expected between September 2014 and April 2016.

Neither MDT nor Virgin Atlantic was available for comments.