Lufthansa | Jolco | 04-17 | $400m | 5xA320neo + 1xA350 | Transaction | Airfinance Journal

Lufthansa | Jolco | 04-17 | $400m | 5xA320neo + 1xA350

MSNs: 074, 6801, 6864, 6920, 7078, 7103

The equity portion has to be US dollar denominated while the equity portion can be Euro, dollar or other currencies denominated. The lease commencement is scheduled for March or April 2017. Lufthansa Leasing has been exclusively mandated to arrange financing for the aforementioned aircraft. The debt arranging for the transaction will be done by Lufthansa Leasing by way of a separate debt RFP in this month. Lufthansa asked equity arrangement proposals by 13 January 2017.Deutsche Lufthansa will be financing all of its 2016 Airbus A320neo deliveries plus additional A350 (MSN 74, that was delivered in December 2016) using the Japanese operating lease with option (Jolco) market. The carrier approached Jolco equity arrangers late in December with a request for proposals (RFP) covering six units delivered last year.

MUFG and SMBC are acting as Jolco lenders for the first two A320neos and the A350 aircraft.. 


Deal Categories

Regions:
Europe
Germany
Tagged as:
Secured
Refinancing
G8

Structure

Product category:
Other
Product type:
Aircraft purchase
Structure
Aircraft Purchase
Use of proceeds
Aircraft Purchase

Deal Categories

Regions:
North America
United States
Tagged as:
Secured
G8