Standard Chartered Bank has successfully closed a multi-million financing transaction for one Airbus 320-200 aircraft for Spring Airlines. The 10-year Japanese Yen-denominated financing facility for the aircraft was arranged, underwritten and funded exclusively by Standard Chartered Bank. The aircraft was successfully delivered in June 2015. This transaction involved the financing of a special purpose company, wholly-owned by Spring Leasing, in China’s Dongjiang Free Trade Port Zone of Tianjin. It demonstrates the Bank’s market leadership in understanding client’s needs and responding with an innovative financing structure, which is critical in supporting the airline’s expansion plans in both the domestic and international
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