Previous Lessor: ILFC UK Limited/AerCap

Purchaser: DP Aircraft

Advisor to Borrower: Norton Rose Fulbright LLP

Update: London-listed DP Aircraft has amended and restated loan agreements for Boeing 787 aircraft placed with Thai Airways.

Interest rates for Tranche 1 and Tranche 2 for both aircraft loans have now been fixed until loan maturity in 2026.

For DP Aircraft III the Tranche 1 amortising loan interest rate is 6.61% and the Tranche 2 fixed balloon interest rate is 5.26%.

For DP Aircraft IV the Tranche 1 amortising loan interest rate is 6.89% and the Tranche 2 fixed balloon interest rate is 5.42%.

The total loan amount outstanding of $97.9m will be split into two tranches:

Tranche 1 of $62.4m (amortising to a balloon payment which is dependent on the fixed interest rate and still has to be determined) represents the ‘scheduled debt’.

Tranche 2 of $35.5m (non-amortising) represents the ‘deferred debt’.