29-Jun-2018 10:36 AM
GECAS and Novus Announce Senior and Mezzanine Debt Financing Agreement with Philippine Airlines
Direct News Source
GECAS, the commercial aircraft leasing arm of GE, together with Novus Aviation Capital, a Dubai-based aircraft leasing and financing company, today announced a debt financing agreement with Philippine Airlines (PAL). PK AirFinance, a GECAS company, will provide senior debt for the acquisition of four (4) 2018 Airbus A321-200neos, while Novus' Tamweel Aviation Finance, a junior debt fund dedicated to the financing of Airbus aircraft, will extend a mezzanine loan for each aircraft.
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This press release was sourced from Philippine Airlines on 28-Jun-2018.