Deal news in brief

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12 February 2007

Orix Aviation, the Dublin-based operating lessor, has completed the sale of two MD-82 aircraft to MidAmerican Aerospace. Tiger Airways has mandated BNP Paribas as sole arranger and sole underwriter of a $100 million predelivery payment facility. This facility will finance the eight A320s to be delivered to the airline. Other low-cost carriers that have mandated BNP Paribas to provide financing include AirTran, JetBlue, Ryanair, easyJet, Cebu, AirAsia and Virgin Blue. KLM has completed the Japanese operating lease (JOL) and commercial loan financing of one A330-200. This is the second JOL arranged by Calyon for KLM after the financing of another A330-200 in August last year. Calyon, Commerzbank and KfW are providing the debt. Calyon acted as overall arranger of the JOL and sole debt arranger/underwriter. Orbsen Structured Solutions advised KLM. Calyon also acted as facility agent, while Commerzbank and KfW-IPEX Bank joined the debt side. Calyon has closed the optimized commercial lease financing...

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