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PRESS RELEASE
May 7, 2003
debis AirFinance Secures USD 840 Million
ECA-Financing for up to Twenty New A320 Family Aircraft
debis AirFinance, one of the world’s largest aircraft leasing
and asset management companies, announced it had signed a European Export
Credit Agency facility of USD 840 million for up to twenty Airbus A320
family aircraft. This is the first
time that debis AirFinance has tapped the Export Credit Agency (ECA) market
under its own name.
Funding under the facility, which has a term of up to twelve years,
is supported by the ECGD, Coface and Hermes, the Export Credit Agencies of
the UK, France and Germany respectively. The first aircraft financed under
this facility, an Airbus A321-200, was delivered to its operator for active
service on April 25, 2003.
With the completion of this transaction, debis AirFinance has
secured funding for a substantial part of its forward order for 30 A320
family aircraft placed with Airbus in 1999. debis AirFinance’s approach to
the funding of its fleet purchases also included the completion of the
first ever Japanese Operating Lease (JOL) by an operating lessor.
Klaus Heinemann, Chief Executive Officer of debis AirFinance, said: “That
we have completed these transactions within the international markets is a
clear demonstration of the high regard in which debis AirFinance is held by
international institutions and an endorsement of our funding strategy which
has used ECA and JOL financing for the first time.”
Crédit Lyonnais acted as Overall Arranger/Agent and lead-managed the
French and the British portion of the financing. KfW lead-managed the
German portion of the financing.
About debis AirFinance
debis
AirFinance provides aircraft leasing and asset management services to
airlines and third parties such as investors and banks. It has an owned and
managed fleet of 250 jets and turboprops (Boeing/ MDC, Airbus, Fokker,
Dornier, ATR, DHC). Headquartered at Amsterdam's Schiphol Airport, it
has a world-wide presence with
offices in Shannon, Ireland and Fort Lauderdale, United States of America.
For further information please contact:
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Frauke Oberdieck
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Corporate Communications
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debis AirFinance
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Evert van de Beekstraat 312
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Tel.: +31
20 655 9616
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1118 CX Schiphol
Airport Amsterdam
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Fax: +31 20
655 9100
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The Netherlands
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foberdieck@debisairfinance.com
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www.debisairfinance.com
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