Turkish Airlines funds two A330-300s using ECA-backed JOLCO

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By TESTCustomwebLP TESTCustomwebLP December 13, 2013 20:34

Turkish Airlines funds two A330-300s using ECA-backed JOLCO

Turkish Airlines has closed an ECA-backed Japanese Operating Lease with Call Option (JOLCO) for two A330-300 delivered in November and December 2013. BNP Paribas is Lease Arranger, ECA Debt Arranger and Facility Agent

This transaction features Japanese Equity combined with a 12 year ECA Loan provided by Development Bank of Japan, fronted by Euler Hermes, the German Export Credit Agency, leading to a 100% financing for the airline at competitive costs.

After a first transaction in June-July for 2 A321, this is the second time ECA-backed Japanese tax structures are successfully closed for Turkish Airlines in 2013 and a total of seven aircraft financed under JOLCO structures arranged by BNP Paribas this year for Turkish Airlines.

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By TESTCustomwebLP TESTCustomwebLP December 13, 2013 20:34
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