AWAS closes $120m PDP Facility

Dublin based aircraft lessor, AWAS, has closed a revolving $120m pre-delivery payment (PDP) Facility. The loan is fully underwritten by Investec Bank and will be used to finance the pre-delivery payments of 20 A320 Family aircraft in AWAS’ order pipeline with Airbus that deliver over the next two years. “AWAS is extremely pleased to be able to close this facility which will provide us with assured access to financing for our pipeline aircraft” said Simon Glass, Chief Financial Officer of AWAS. “Our Corporate Finance Team has proven once again that our preferred, global relationships and pro-active, multi-pronged approach to financing