Air France funds ones A380 and refinances one 777-300ER

Dino D'Amore
By Dino D'Amore November 13, 2013 12:37

Air France funds ones A380 and refinances one 777-300ER

Société Air France has closed financing of one new A380 Aircraft MSN 115 under a Japanese Operating Lease with Call Option (JOLCO) structure in October 2013. BNP Paribas acted as Lease Arranger, Debt Arranger and Security Trustee. Banque Postale is a Lender in the transaction.

It is the first A380 aircraft financing arranged by BNPP for Air France and the first Commercial Debt financing of an A380 aircraft for BNP Paribas. Watson Farley & Williams (Paris) acted as the legal counsel for the finance parties.

Air France has also closed a JOLCO for one B777-300ER by way of restructuring of a Euro-denominated mortgage loan al financing arranged in 2009 by a club of banks. BNP Paribas acted as Lease Arranger and the senior debt agent under this JOLCO facility. BNP Paribas and Deutsche Bank are debt providers along with other Japanese financier. Watson Farley & Williams (Paris) acted as the legal counsel for the finance parties.

Dino D'Amore
By Dino D'Amore November 13, 2013 12:37
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