Turkish Airlines has combined an insurance-backed loan with a French tax lease to finance Airbus A321neos.
The new structure – dubbed Balthazar – was developed by Airbus and a consortium of insurance companies, says the airline.
It notes that French bank BNP Paribas arranged the 12-year financing and has committed $225 million to fund five A321neos which are being delivered this year.
In recent years, Airbus and Boeing have turned to insurers to back aircraft loans secured by their equipment after the European export credit agencies and US Export-Import Bank ceased providing export credit guarantees.
Source: Cirium Dashboard
