Aegean finalises secured loan for new A321neo aircraft

Asset management firm Aviation Capital Group (ACG) has been mandated by Greek airline Aegean to structure, arrange, and provide a guarantee of a secured loan by Apple Bank for Savings. The secured loan will be in order to finance Aegean’s two A321neo aircraft and separately to place two A320neo aircraft with Aegean under long-term operating leases. The aircraft are scheduled to be delivered over the next 12 months. Andrew Falk, managing director of ACG, commented: “ACG is very excited to have this opportunity to work with Aegean and Apple Bank. This combined mandate demonstrates ACG’s ability to provide our airline