14-Jun-2010 9:41 AM

Aircastle receives USD530 million in support for A330 financing

Aircastle received (11-Jun-2010) approvals from the European Export Credit Agencies (ECA) to support up to USD530 million of debt financing for seven new A330 aircraft. 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. [more]