LATAM closes JOLCO on eight A320s

victoria@aviationnews-online.com
By victoria@aviationnews-online.com January 17, 2020 20:02

LATAM closes JOLCO on eight A320s

MUFG was awarded a mandate from LATAM Airlines to structure and arrange the refinancing of a portfolio of eight Airbus A320s aircraft (2013 vintage). The transaction totaled $224 million and was structured as a Japanese Operating Lease with Call Option (JOCLO).

It is the first JOLCO refinancing of a portfolio of vintage aircraft closed by LATAM Airlines. It is the second JOLCO financing arranged by MUFG on behalf of LATAM following the closing of the $300 million financing of six new Airbus A320neo aircraft in 2019.

“We are proud to assist LATAM Airlines in returning to the Japanese markets to raise financing for new and vintage aircraft under competitive terms,” says Olivier Trauchessec, Managing Director and Global Head of Origination and Structured Solutions for Aviation at MUFG

victoria@aviationnews-online.com
By victoria@aviationnews-online.com January 17, 2020 20:02