50 SKY SHADES - World aviation news

ICBC Financial Leasing refinances China Eastern aircraft with DVB

Download: Printable PDF Date: 14 Sep 2015 11:23 category:
Publisher:
ICBC Financial Leasing refinances China Eastern aircraft with DVB - Finance publisher
Tatjana Obrazcova

ICBC Financial Leasing has announced the closing of a financing facility for the refinancing of three aircraft with DVB Bank SE.

The aircraft portfolio – consisting of one A330-200, one 737-700 and one A319-100 – are currently on long-term finance leases to China Eastern Airlines. The Chinese lessor mandated DVB as the sole arranger for the senior loan facility. DVB is also the sole underwriter and lender in this facility. Berwin Leighton Paisner is the borrower’s counsel for this transaction while Clifford Chance acted for DVB.

Till date, ICBC Leasing and DVB have worked on several financing transactions together, with the German bank providing senior debt financing to the Chinese lessor previously for aircraft on operating lease to airlines such as Asiana and AirAsia. ICBC Leasing is one of the largest leasing companies in China with over 200 aircraft in its fleet.



Loading comments for ICBC Financial Leasing refinances China Eastern aircraft with DVB...


Recommended

The flight testing in Pozzallo successfully completed - SH09 is back home

Since the resumption of the test flight activities in June in Pozzallo, Sicily, our third prototype (P3) has completed 40 flights, allowing testing of multiple aerodynamic modifications and configurat...

Metrojet hangar resolves parking spaces issues in the region

The MRO station of Hong Kong-based Metrojet Limited offers great support to our management clients by keeping their aircraft  well protected inside the hangar throughout these Covi...

Norwegian commits to reduce CO2 emissions by 45 percent by 2030

 Norwegian has launched a new environmental sustainability strategy that will begin immediately and deliver several industry leading targets. Cutting CO2 emissions by 45 percent, remove all non-r...

Gulfstream G700 earns International Yacht & Aviation Award for seat design

Congratulations! Gulfstream G700 earned a 2020 International Yacht & Aviation Award for the industry flagship’s all-new seat design. The Gulfstream G500 and Gulfstream G600 re...