As reported last week: China Aircraft Leasing Group Holdings Limited (CALC) has closed its first Japanese Operating Lease with a Call Option (“JOLCO”) financing related to two new Airbus A320 delivered to Pegasus Airlines in June. Asset Brok’Air acted as transaction arranger and JOLCO arranger while CACIB was debt arranger. This innovative transaction is the first time a JOLCO has been used to finance equity on a lessor for leases to an airline in Turkey. It is the result of many months of structuring work combining the experience and skills of Pegasus Airlines, Asset Brok’Air, CACIB and CALC with the
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