Singapore Aircraft Leasing Enterprise (SALE) has mandated its largest financing facility in a deal with the European Export Credit Agency (ECA). The $185 million 10-year facility will fund new deliveries of five Airbus A320s and one A321. The deal is SALE's first ECA guaranteed transaction and was arranged by Halifax, Citibank and Westdeutsche Landesbank. SALE has also issued a Singapore dollar-denominated corporate bond to finance a new Airbus A320, worth S$65 million ($38 million), leased to GB Airways.
Source: Airline Business
