Aircastle has delivered the first of six A330-200 aircraft to South African Airways. The aircraft is powered by Rolls-Royce Trent 772B engines. Debt financing for this purchase was arranged and provided by Sumitomo Mitsui Banking Corporation and supported by a guarantee from Compagnie Francaise d’Assurance pour le Commerce Exterieur (COFACE), the French export credit agency. This debt bears interest at a rate of 3.78% per annum and will be repaid over twelve years. Ron Wainshal, chief executive officer of Aircastle, said: “We are building a significant relationship with South African Airways and are proud to support its fleet modernization program

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