Transportation Partners closes Coface deal on 10 ATR 72-600s

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Singapore-based Transportation Partners has closed European export credit agency financing with BNP Paribas for ten ATR 72-600s on lease to Malindo Air and Wings Air.

The last aircraft in the Compagnie Française d'Assurance pour le Commerce Extérieur (Coface) financing "just closed", according to a source.

The lenders on the financing are SMBC and the Development Bank of Japan.

According to the source, Transportation Partners will continue to track the evolution of the European ECA-backed bond market "very closely" in light of the Lion Group's significant Airbus A320 order signed last year.