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Singapore lessor secures $152m for ATRs
12 August 2011
Avation, an aircraft leasing company based in Singpore, has obtained a loan facility from Credit Agricole-CIB for eight ATR jets to be leased to Australia’s Skywest Airlines.
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Avation
CA-CIB
Skywest
Virgin Australia
Coface
Sace
ATR
ATR 72-500
ATR 72-600
Singapore-based lessor, Avation, has agreed a 10-year, $152 million debt facility with Credit Agricole-CIB (CA-CIB). The facility will finance eight ATR jets; four ATR 72-500s and four ATR 72-600s delivering this year and in 2012.
The first four aircraft deliveries are guaranteed by Coface and Sace,...
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