Operating lessor AerCap will split the financing of 10 Airbus A330-200s acquired under purchase and leaseback transactions from LATAM between the debt and the capital markets.
In a conference call with investors chief financial officer Keith Helming said two A330s will go through the commercial bank market secured lending.
Another four will be financed under the lessor's revolving credit facility.
Helming expects the remaining four aircraft to probably "go into the capital markets deal that we're working on."
AerCap's chief executive Aengus Kelly said the market looks better priced this year. "There's a possibility of anything out there. But if we don't do it through a securitisation market, then it would be likely again through the bank, commercial bank market."
AerCap said the 10-aircraft purchase and leaseback transaction is valued at $650 million. The A330s are approximately four years of age on average.
According to Flightglobal's Ascend online database, two aircraft were delivered in 2007, four in 2008, two in 2010 and the remaining two in 2011.
The first A330 transaction will close by mid-June and the 10-aircraft batch deal will complete over a two-weeks period.
Source: Commercial Aviation Online
