ING Capital has closed a $107.5 million pre-delivery payment (PDP) financing for Ethiopian Airlines in respect of Airbus A350-900 aircraft. Ethiopian Airlines is using the PDP financing to finance a portion of the pre-delivery payments which it makes to Airbus prior to the delivery of each aircraft. ING Capital is the sole lender and facility agent. Payments were made in May. Terina Golfinos, Managing Director and Head of ING Capital’s Structured Export Finance team in New York, said, “We were especially pleased to have the opportunity to support our long-standing client Ethiopian Airlines on its very first PDP financing for

This content is restricted to site members.

If you are an existing user, please login below.
New users may register below.

Existing Users Log In