Avianca does not anticipate any issues financing the Boeing 787s that it has on order, as it continues to evaluate its options.
The Bogota-based carrier is considering bank loans, sale and leasebacks, and loan guarantees from the US Export-Import Bank (Ex-Im) for the aircraft, says group owner German Efromovich at the IATA AGM in Doha. These are unchanged since the beginning of the year.
“We don’t see any problem in getting financing for the aircraft,” he says.
Avianca anticipates its first 787-8 in September with four deliveries due before the end of the year. The airline has 15 787s on order.
The carrier closed a $250 million senior unsecured bond issue for future aircraft deliveries in April. The add-on to the $300 million unsecured notes that it closed in May 2013 carries a coupon of 7.44% and mature in 2020.
Source: Cirium Dashboard