Dutch aircraft lessor AerCap inked a $1.4 billion facility agreement for Airbus A330 financing with several banks and financial institutions led by Calyon.
The company has 30 A330-200s on order, which are set for delivery between 2009 and 2012.
Ten aircraft will arrive this year, followed by ten deliveries in 2010. No delivery schedule for the remaining aircraft has been devised.
The European Export Credit Agencies, consisting of France's Coface, the United Kingdom's ECGD and Germany's Euler-Hermes will provide the guarantee.
"This transaction demonstrates AerCap's ability to secure competitively priced long-term financing even in a very challenging market environment, and completes AerCap's execution of nearly $3.4 billion of facilities during 2008. The support by the banking community and the export credit agencies confirms that there is strong backing for AerCap's business model," AerCap CFO Keith Helming says in a statement.
Source: Air Transport Intelligence news
