On October 14th, 2016, Crédit Agricole CIB (CACIB) closed the commercial financing of US$65 million for a portfolio of fourteen CFM56-5B spare engines to Asia Aviation Capital, the leasing arm of AirAsia Berhad. Asia Aviation Capital is expected to lease these 14 spare engines throughout the AirAsia Group, currently AirAsia Berhad, PT Indonesia AirAsia, Thai AirAsia, Philippines AirAsia, AirAsia Inc and AirAsia (India), and will soon include AirAsia Japan. In this transaction, CACIB acted as mandated lead arranger, security trustee and facility agent and the Korea Development Bank acted as arranger. CACIB, the Korea Development Bank and NTT Finance acted
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