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Chinese bank funds A330s for AerCap

06 November 2009

AerCap will receive $358 million for China Development bank for four A330s ordered in 2006 and 2007.

Read more: China Development Bank pre-delivery payments AerCap A330 Bank of China Singapore Aircraft Leasing Enterprise Industrial and Commercial Bank of China ICBC leasing Southwest Airlines

China Development Bank will lend $86 million of pre-delivery payments and a $272 million long-term funding facility to AerCap for four A330s delivering in 2010 and 2011.

Keith Helming, chief financial officer, AerCap says:...


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“At the current pricing it will become attractive again to issue Ex-Im-guaranteed bonds. This will help stabilize and drive pricing down from where it is now.”

Kostya Zolotusky, managing director, capital markets, Boeing Capital, says about the price of export credit.

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