Philippine Airlines has agreed debt financing for four Airbus A321neos with GECAS subsidiary PK AirFinance and Tamweel Aviation Finance.

GECAS says PK AirFinance will provide senior debt, while Tamweel – the junior debt fund of Dubai-based lessor Novus Aviation Capital – will extend a mezzanine loan for each aircraft.

The first of the A321neos was delivered in May and the remaining three are scheduled for handover by year-end.

Source: Cirium Dashboard