Aircastle has entered into a significant financial agreement with a consortium of Japanese banks, securing a five-year unsecured term loan totaling $600 million. This strategic funding initiative provides the company with an opportunity to increase the total loan amount to $700 million during the first year of the agreement, offering considerable flexibility to support its leasing and investment operations.
Air Europa is preparing to repay the remaining $66 million of a $160 million loan it secured from a banking consortium in May 2020, backed by a guarantee from the Instituto de Crédito Oficial (ICO). This repayment is scheduled to occur in May 2025. The loan was provided under favorable terms to support the airline during the critical early months of the COVID-19…
BOC Aviation, the Singapore-headquartered aircraft lessor, has successfully closed a US$1.5 billion self-arranged term loan with participation from 21 banks globally. The transaction includes two separate facilities, allocated respectively to BOC Aviation Ltd. in Singapore and BOC Aviation (Ireland) Ltd., reinforcing the group’s diversified funding strategy and global financial positioning.
Deutsche Bank, a major global financial institution based in Germany, is currently evaluating interest from various banks and private credit funds regarding the provision of a $200 million loan. This financing is intended to support the bid by Blackstone, a leading US-based investment firm, for the acquisition of Trans Maldivian Airways.
Plus Ultra Líneas Aéreas, a Spanish airline, is preparing to make its initial repayment of $19 million in 2026 towards the $54 million loan it received from Spain’s Sociedad Estatal de Participaciones Industriales (SEPI) during the COVID-19 pandemic.
Air Europa, Spain’s second-largest airline, has announced plans to sell 20% of its capital to generate funds for repaying its bailout debt, which is due in 2026. The airline has made it clear that it does not want any new partners influencing its operations, signaling a preference for financial backing without strategic control.
Air Seoul, a South Korean low-cost carrier, has announced yet another postponement of its loan repayment to its parent company, Asiana Airlines. This marks the 18th extension of the loan’s maturity date since the airline first borrowed US$20.6 million in June 2020.
Asiana Airlines, based in South Korea, has announced plans to repay $976 million in loans from creditor banks earlier than initially scheduled. This significant financial move is expected to reduce the airline’s debt ratio by more than 1000%, marking a major step in its financial restructuring efforts.
Air Lease Corporation (ALC), a leading aircraft leasing company based in the United States, has successfully closed a $966.5 million unsecured term loan facility. The loan, which matures in December 2027, will provide financial flexibility to address the company’s working capital needs and support general corporate purposes.
Volofin Capital Management (UK) has successfully closed its inaugural aircraft loan asset-backed securitization (ABS), marking a significant milestone in its financial operations. The securitization, named VFIN 2024-1, involved the issuance of approximately US$534 million in notes.
