Crianza Aviation launches sustainability-linked operating leases

Crianza Aviation has successfully arranged Sustainability Linked Operating Leases with a global airline, in relation to certain Boeing 787 and Airbus A350 aircraft. The transactions are linked to the airline’s MSCI ESG rating, which will undergo periodic review and validation. The operating leases include a two-way step-up / step-down pricing mechanism, to incentivise improvements in the airline’s ESG performance and demonstrate commitment to its sustainability strategy. These deals are believed to be the first sustainability-linked operating leases structured for an airline.  Banco Santander acted as the ESG structurer of the deal. Baldur Vander, CEO of Crianza Aviation, comments that the sustainability-linked