Standard Chartered Bank has closed a finance lease transaction for two new Airbus A320s with Philippines’ Cebu Air.

The 10-year financing facilities were arranged and funded exclusively by Standard Chartered. The two aircraft (MSNs 5917, 5934) were delivered just one month apart, in December 2013 and January 2014, the bank says.

“This transaction, along with other products and facilities the airline has with us, demonstrates our capabilities and commitment to partnering with core clients in their strategic growth ambitions,” says Simon Perkins, managing director and chief commercial officer of Aviation Finance for Standard Chartered Bank.

Source: Cirium Dashboard