ALAFCO secures financing for four A320neos

Eleanor Steed
By Eleanor Steed July 21, 2017 12:32

ALAFCO secures financing for four A320neos

Stellwagen Finance has announced the closing of a commercial loan to ALAFCO in the financing of the first of four Airbus A320 NEOs on operating lease to Air India. Stellwagen Finance was the sole arranger sourcing financing from an Asian financial institution as senior lender. Vedder Price (London) acted for the lender.

“We are pleased and delighted to have finalized the commercial loan for the financing of four A320 NEOs on operating lease to Air India. The completion of the deal is a direct result of the dedication and efforts of Stellwagen as lead arrangers and ALAFCO, who have worked tirelessly to get this over the line,” commented Adel Al-Banwan, Deputy CEO of ALAFCO

“I am proud to have closed this first deal with ALAFCO, one of the major Middle Eastern Lessors. Thanks to a good cooperation with ALAFCO, we have been able to put together a slightly new structure that will be reused by ALAFCO in the future,” commented Marc Bourgade, CEO of Stellwagen Finance.

Eleanor Steed
By Eleanor Steed July 21, 2017 12:32