Aviation News Online

American closes innovative JOLCO on one A321

American Airlines has closed a Japanese Operating Lease with Call Option (JOLCO) on one of the airline’s 2017 vintage A321 aircraft.

Credit Agricole-CIB (CA-CIB) structured and arranged the transaction for American, and developed a pioneering structure to allow a US airline to take advantage of the JOLCO structure – the first such US airline JOLCO financing.

CA-CIB placed the equity with one of its corporate clients and also provided a loan out of its Tokyo branch to support the transaction.

American was represented by Debevoise & Plimpton, and CACIB was represented by Pillsbury Winthrop Shaw Pittman.

 

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Date: March 27, 2017

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