PRESS RELEASE
debis
AirFinance Closes US$ 44 Million Japanese Operating Lease (“JOL”) for an Airbus
A321
Total of US$
84 million in JOL Secured in 2003
debis AirFinance, one of the world's largest aircraft leasing and asset
management companies, today announced that it has completed its second Japanese
Operating Lease (“JOL”) transaction, Crédit
US$ 44 million, for an Airbus A321 aircraft from its existing fleet (MSN 1711).
Under the JOL-structure, debis AirFinance will sell the aircraft to the
Japanese lessor and lease it back for a
period of twelve years.
Heinrich Loechteken, Chief Financial Officer of debis AirFinance, said:
“The Japanese Operating Lease is a very complex but favourable financing
instrument for aircraft operating lessors. In addition to a US$ 840 million
European Export Credit Agency facility, debis AirFinance has now completed two
JOLs this year, worth a total of US$ 84 million, and this is a firm endorsement
of our diversified financing policy.”
Japanese Operating Lease structures enable Japanese investors to invest in
cross border aircraft leasing transactions. debis AirFinance closed its first
Japanese Operating Lease earlier this year for an Airbus A320. This transaction
was also arranged by Crédit
About debis
AirFinance
debis
AirFinance provides aircraft leasing to airlines and asset management services
to third parties such as investors and banks. The company has a total owned and
managed fleet of over 250 jets and turboprops (Boeing/ MDC, Airbus, Fokker,
Dornier, ATR, DHC). debis AirFinance, headquartered at
For
further information please contact:
|
Frauke
Oberdieck |
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|
Corporate
Communications |
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debis
AirFinance |
Evert
van de Beekstraat 312 |
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Tel.: +31 20 655 9616 |
1118 CX |
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Fax: +31 20 655 9100 |
The |
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www.debisairfinance.com |