Aviation Capital Group (ACG) has mandated Calyon and Sumitomo Mitsui Banking Corporation to jointly arrange the European export credit agency financing of three Airbus A320 aircraft that deliver in October and November.

Earlier this year, at the Paris Air Show in June, ACG announced plans to come to market with an $850-$900 million capital markets transaction backed by the US Export-Import Bank. The financing, which will support the lessor's new Boeing 737 Next Generation aircraft, has yet to close.

The lessor has commitments to purchase aircraft totalling $6.8 billion with deliveries through 2017, according to an annual report issued by its parent company, Pacific Life Corp, in April.

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Source: Commercial Aviation Online