Aircastle rises on ECA support for A330 financing
The support relates to two A330-200Fs scheduled for delivery to an affiliate of the HNA Group, parent of Hainan Airlines, in 2010 and five new A330-200s scheduled for delivery to South African Airways during 2011. Additionally, Aircastle announced that it has received a commitment from Sumitomo Mitsui Banking Corporation for up to USD250 million in ECA-supported debt financing for the first three A330-200 deliveries to SAA in 2011. Aircastle is currently in discussions with banks concerning financing for the other SAA and the HNA aircraft.
It was a good day for aircraft lessors, with Babcock & Brown Air advancing 5.1%, Aerocentury gaining 4.1% and Aercap rising 2.3%.
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Selected Aviation suppliers’ daily share price movements (% change): 11-Jun-2010