Burnham Sterling acted as sole financial and placement advisor in a Japanese Operating Lease with Call Option (JOLCO) for Avianca, Latin America’s second-largest airline. The transaction financed three aircraft, including one Boeing 787 and two Airbus A320s. This was Avianca’s first JOLCO transaction and the first JOLCO closed on an FAA-registered aircraft using a tokumei kumiai (TK) owner, a type of Japanese limited partnership, which is the preferred investment vehicle for Japanese investors.  The transaction offered Avianca 100 percent financing at attractive rates with a fixed price early buyout option at approximately 10 years. “This is Avianca’s fourth successful transaction

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