Flightglobal Insight's Aircraft Finance 2013
Flightglobal Insight's Aircraft Finance 2013
Flightglobal Insight's Aircraft Finance 2013
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foreword
Welcome to Flightglobal Insights Aircraft Finance Special Report 2013 brought to you in association with CFM International and prepared using information from the extensive Flight Premium portfolio. The report provides an analytical overview of the year 2012 looking at order and transaction activities, the finance and leasing markets, as well as opinions from the appraiser community regarding the year ahead. The year 2012 ended with an Airbus and Boeing order backlog of 9,055 aircraft, up 847 units on the previous year. This is a new record for the year-end commercial aircraft backlog. The previous record was 2010 with 8,502 units. Net orders for Airbus and Boeing totalled 2,036 aircraft in 2012, compared with 2,224 in 2011. Although Airbuss output rose by 10% in 2012 to a record 588 deliveries, its US rival surpassed the European airframers tally by 13 aircraft. Boeings total of 601 deliveries represents the manufacturers second-highest airliner output ever, and is just 14 units shy of its record 620 shipments in 1999. The European manufacturer handed over 455 aircraft singleaisle aircraft last year, representing 88% of total deliveries. In comparison, the 737 represented 69% of Boeings deliveries in 2012. Year-on-year backlog at Airbus increased by 245 aircraft to 4,682 units, while Boeing recorded 4,373 units at year-end, 602 more than in 2011 as the US manufacturer sold 914 Max aircraft. Although Boeing traditionally has been more conservative with single-aisle production rates, it is catching up with Airbus now. During the past two years, 737 production has risen by more than 20% to 38 aircraft. Rates will increase again to 42 a month in the first-half of 2014 and, at that time, 737 production rates will match those of the A320 family. On the longhaul side, the A330/A340 production rate was 9.6 aircraft a month last year, up from 7.25 in 2011. Airbus handed over 30 A380s in 2012, up from 26 in 2011. Boeing delivered 26 767s last year compared with 20 in 2011. The 787 model production rate was 3.8 aircraft a month on average, with the 777 production line almost reached seven aircraft a month, up from 6.1 aircraft in 2011. With the full implementation of the new Aircraft Sector Understanding (ASU) this year, the cost of aircraft financing will become more expensive. The new ASU raises the export credit premium for all borrowers, but the rise is steeper for those with a better credit rating. Higher-risk airlines will still pay more than they do now but not as much proportionally, making export credit less attractive to stronger airlines. Higher pricing under the new ASU will push airlines towards commercial debt financing and operating leases, says Kostya Zolotusky, Boeing Capitals managing director capital markets, leasing. He believes aircraft leasing will continue to be a very strong market, growing at a faster rate than seen in the past decade. Airlines will rent rather than buy aircraft and so we see the number of aircraft in the global fleet that are on operating leases going towards 50% this decade. Leasing companies increased their market share to 40% of new deliveries at Airbus in 2012. The European manufacturer handed over 122 new aircraft directly to operating lessors last year out of a total of 588 aircraft, representing a 21% market share. Another 114 units were acquired by lessors under purchase and leaseback agreements during the year. Operating lessors are expected to represent 23% of Airbus direct deliveries this year. Increased appetite from the capital markets for commercial aircraft will likely see more US Export-Import Bank (Ex-Im) guaranteed bonds and pre-funded bond transactions. According to data compiled by Boeing Capital and Flightglobal, Ex-Im bond issuances totalled $5.6 billion in 2012. This compares with $587 million worth of transactions in 2011 and $2.48 billion in 2010. The final quarter of 2012 was particularly active with 12 transactions worth $2.3 billion. Last year, Latam Airlines Group emerged as the largest ExIm bond issuer with an estimated $1.8 billion in financing. This report ludes a breakdown of aircraft finance transactions which took place in 2012. This information has
Aircraft Finance 2013 | Flightglobal Insight | 3
been extracted from the Flightglobal reports and Ascends database. It has been displayed in various ways, enabling you to browse through the deals by operator, aircraft model, month, value and participant. Finally, the report offers opinions from appraisers at Ascend, Collateral Verifications, IBA Group, ICF SH&E and Tailwind Capital, who reflect on 2012 and provide insight into what we might expect this year. We hope that you find this information useful and that the Aircraft Finance Special Report 2013 will be a helpful reference source of closing all your aircraft transactions this year.
flightglobal Finance olivier bonnassies: editor flightglobal insight Antoine Fafard: manager flightglobal data research steven Phipps: flightglobal ascend
FINANCE INTERACTIVE
Airline Business and aviation finance specialist DVB Bank have teamed up for the third annual interactive special to scrutinise this market. Published in parallel with the annual financing and leasing survey found in the Airline Business February issue, the special report tackles the key issues facing the sector through an interactive format. Topics explored this year lude how the leasing sector is reasing its proportion of the world fleet, and the issue of airliner economic lives. The airlines 2013 financing requirements and the likely changes in funding sources are also examined. Leading experts and analysts in the sector were asked for their views on these major issues. These lude Nigel Taylor of EADS and Boeings Kostya Zolotusky; Bertrand Grabowski and Bert van Leeuwen of DVB Bank and analysts Rob Morris and Paul Sheridan from Flightglobals consultancy arm Ascend. The online special also orporates a range of data presented in interactive format, giving snapshots of the largest lessors, funding sources and financing forecasts by region.
flightglobal.com/ifinance13
content
Fleet Watch: 2012 Commercial aviation continues to grow LEASING OUTLOOK Top 10 lessors by fleet value Top 50 lessors and management companies by fleet value Top 50 lessors and management companies by fleet size Top 50 leasing survey Finding the funds Market outlook What appraisers expect in 2013 Deals database 2012 By customer 19 15 9 10 11 12 13 6
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Insight
Aircraft Finance 2013 | Flightglobal Insight | 5
narrowobody orders, including 914 for the re-engined 737 Max. Airbus received 739 orders of which 478 were for the A320neo. Widebody net orders came in at 173, a decrease of 48% on the previous year. Airbus took in 94 widebody orders while Boeing received 79. Regional jets benefited with a year-on-year increase of more than 100% in 2012. Indonesias Lion Air was responsible for the largest number of orders during the year as the operator ordered a total of 235 aircraft including 201 737 Max aircraft, 29 737 Next Generation (NG) aircraft and five 787s. Budget carrier Norwegian ordered the A320neo and 737 Max aircraft with 100 of each, as well as 22 737s. United Airlines ordered 100 737 Max and 50 737 aircraft while AirAsia ordered 100 A320s including 64 Neo aircraft. The 100 MRJ90 order came from US operator SkyWest Airlines in a deal valued at $8.4 billion at list price. Lessor Air Lease ordered a total of 119 aircraft (75 737 Max, 36 A320neo, four ATR 72s, three A330s and a single Embraer 175) while GECAS ordered 91 aircraft (75 737 Max, 14 737s and two E-195s). Other large orders came in during the year from Pegasus Airlines with 75 A320neo and BOC Aviation with 53 A320s (including 25 Neo) and 20 C919s. Commercial aircraft deliveries in 2012 A total of 1,402 commercial aircraft deliveries took place in 2012 including 850 narrowbody and 305 widebody aircraft, an all-time high for both market groups. Regional jet and turboprop deliveries totalled 128 and 117, respectively. It was an aircraft delivery record year for both Airbus and Boeing. Airbus delivered 577 commercial aircraft, 60 more than the year before. The manufacturer delivered 448 A320s, 97 A330s, 30 A380s and two A340s. Boeing delivered a total of 580 commercial aircraft, a significant 26% increase on the previous year. The company delivered 402 737s, 83 777s, 46 787s, 26 767s and 23 747s. In the regional market, Bombardier and Embraer delivered 50 and 106 commercial aircraft, respectively. ATR also delivered 60 commercial turboprops, an all-time high for the manufacturer.
2,000
Number of aircraft
1,500
1,000
500
0 2003 2004 2005 2006 2007 2008 2009 2010 2011 2012
Year ending
Narrowbody Jet Widebody Jet
Source: Ascend Online Fleets (February 2013)
represents an increase of more than 1,000 aircraft on the previous year. At the end of 2012, Malaysian carrier AirAsia topped the backlog by operator listing with 339 A320 family aircraft, 264 of which are for the Neo variant. AirAsia was also the fleet manager leader with 389 aircraft on order. Lion Air followed the listing by operator with 329 737s on order, including 150 Max. Southwest Airlines and United Airlines show an order backlog of 321 and 299 aircraft respectively which they both own and manage. In the leasing market, GECAS, ILFC, Air Lease and Aviation Capital Group showed backlog figures of 286, 225, 244 and 185 respectively.
1,200
Number of aircraft
900
600
300 0 2003 2004 2005 2006 2007 2008 2009 2010 2011 2012
Year ending
Narrowbody Jet Widebody Jet Regional Jet Turboprop
From an operator region perspective, 44% of the commercial Widebody Jet aircraft delivered in 2012 were for operators based in AsiaRegional Jet Pacific followed by Europe with 23%.
Turboprop
Narrowbody Jet
Order backlog at 31 December 2012 Airliner backlog ended the year at 10,833, including 4,660 for Airbus and 4,380 for Boeing. The total backlog figure
AIRLINER MARKET 10-YEAR VIEW - BACKLOG Airliner market 10-year view - backlog
12,000 10,000
Number of aircraft
8,000 6,000 4,000 2,000 0 2003 2004 2005 2006 2007 2008 2009 2010 2011 2012
Year ending
Narrowbody Jet Widebody Jet
Source: Ascend Online Fleets (February 2013)
Download an extended electronic version of this report including the deals by aircraft type at www.flightglobal.com/insight
souTH AMERICA 2012 net orders: 2012 deliveries: Backlog (31 Dec): 270 147 846 asia-pacific africa 2012 net orders: 2012 deliveries: Backlog (31 Dec): 18 48 188 2012 net orders: 2012 deliveries: Backlog (31 Dec): 959 617 3,955
NOTES: Figures extracted from Ascend Online Fleets from Flightglobal (February 2013). Regional split based on operator location (when available).
Leasing outlook
Top 10 lessors by fleet value
TOP FLIGHT GECAS has kept its impressive lead in the leasing stakes. While its portfolio by fleet value dropped slightly in 2012 to $34.1 billion, there was a sharper decline at its nearest rival International Lease Finance (ILFC). Continued growth during the past 12 months has moved BBAM up to make it the third-largest lessor. HIGH RISERS Air Lease (ALC) marches on and less than three years after launch, a fleet portfolio of 151 valued at $5.6 billion puts it among the top 10 largest lessors in the world. Other rapid risers in 2012 lude Avolon, which grew its fleet value by 61% to $3.4 billion, and AWAS which grew by 19% to $6.1 billion. REGIONAL SHIFT Aircraft lessors hold a 20% share of the narrowbody aircraft backlog, and 12% of widebody orders. The latter is down on the 18% share lessors held five years ago. However, the biggest movement during that period is in regional jets. Lessors account for more than a fifth of the fleet backlog today, compared with only 3% in 2008. EASTERN PROMISE China Aircraft Leasing (CALC), which acquired 36 Airbus A320s last year, aims to build its portfolio to 100 aircraft by 2015, another sign of the growing development of the leasing sector in China. BIG DEALS A busy year for acquisitions in the sector was capped in December when Chinese investors agreed to buy a 90% stake in ILFC from AIG. It marks a further shift to the east in the finance sector after Japanese acquisitions earlier in the year. In October, Mitsubishi UFJ Lease & Finance acquired fast-growing Jackson Square Aviation after Sumitomo Mitsui completed its purchase of RBS Aviation Capital at the start of last year.
1,635
Lessors firm backlog as at the end of 2012, led by GECAS with 285 aircraft, followed by Air Lease with 244, and ILFC with 225
32%
Aircraft lessors shares represent almost a third of the total global fleet and 42% of the Airbus and Boeing narrowbody market
$181bn
The total fleet value of the top 50 aircraft lessors fleet portfolios in 2012, marking an increase of 6% over the previous year
Aircraft Finance 2013 | Flightglobal Insight | 9
Notes: Fleet value based on Ascend estimates 2012. FLY Leasing aircraft managed by BBAM, but not luded in BBAM figures to avoid double counting. 2011 rankings reworked due to new historical data for two lessors. RBS Aviation Capital acquired by SMBC. DEFINITIONS: Ranking: The survey is based on the Top 50 companies with a substantial operating lease business ranked by the value of their owned and/or managed fleets at the end of December 2012. Change: The change figures are based on fleets/values supplied by Flightglobals Ascend Online Fleets and Values databases for December 2012 and 2011. Operating lessors: Lessors are defined as those with an active operating lease business and a substantial investment in fleet. Companies that are solely or predominantly financiers have been excluded. Fleets & values: The survey represents a snapshot of fleets, including stored aircraft, with fair market generic values supplied by Ascend. Note the composition of fleets is constantly changing.
NOTES: Figures based on fleet data from Flightglobals Ascend Online database for December 2012. Total fleet is owned and managed. 2011 data recalculated on basis of top 50 lessors by fleet size, and not top 50 lessors by fleet value ranked by their fleet size, as published previously. SMBC Aviation Capital was formerly RBS Aviation Capital
A318 A319 A320 A321 airbus Narrowbody total Airbus widebody A300 A310 A330 A340 A380 Airbus Widebody total Airbus total Boeing narrowbody 717 727 737 CFMI 737 JT8D 737 NG 757 DC-8 DC-9 MD-80 MD-90 boeing Narrowbody total Boeing widebody 747 767 777 787 DC-10 MD-11 boeing Widebody total Boeing Total mainline aircraft grand total
ATR total BAe Systems ATP/Jetstream 31/41 Bombardier Twin Otter/Dash 8 Embraer EMB-120 Fokker 50 Saab 340/2000 Others TOTAL mainline/regional grand total
1,030 956 Bombardier total 1,986 Embraer E-170/175 1,440 E-190/195 5,128 ERJ-145 family 1,199 Embraer total 7,766 BAe Systems BAe 146/Avro RJ 234 Fokker Fokker F.28/70/100 189 Others 279 regional jet Grand total 10,454
Notes: Embraer data ludes Harbin Chinese production; Others ludes Antonov An-148; Fairchild/Dornier 328Jet; Sukhoi Superjet 100; Mainline total covers Airbus and Boeing only. *BBAM excludes FLY Leasing, whose portfolio is managed by BBM. Source: Returns to annual leasing survey and Flightglobals Ascend Online database. Survey data covers all firms with an active operating lease business and a substantial investment in fleet and is not restricted to top 50 aircraft lessors as previously published.
1 2 3 4 5 6 7 8 9 10
GECAS
Nordic Aviation Capital
ECC Leasing Co
JetFleet Management Corp
Value $m 3,876 1,442 280 327 98 368 107 1,008 806 163
Jets 418 5 69 32 0 53 7 30 35 1
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market outlook
What appraisers expect in 2013
Five appraisers review the market in 2012 and take a look ahead in 2013
Will there be a lot of order reshuffling this year? Collateral Verifications VP Commercial Aviation Services Gueric Dechavanne: This will depend greatly on the state of the industry throughout the year. Should things keep moving at the same pace, we could see some deferrals from operators that were expecting 2013 to show more significant improvements that might be seen. This may be region specific though as some of the regions, such as North America, will most likely continue to take delivery of new aircraft, which are predominantly used as replacement aircraft versus growth aircraft. ICF SH&E VP Ken de Jaeger: ICF SH&E does not anticipate a material amount of order reshuffling in 2013 above and beyond what is typical in most years. IBA Groups head of valuations and modelling Stuart Hatcher: As the market continues to evolve then understandably airlines and operating lessors will want the freedom to shuffle some of their orders around, where possible. The backlog of Airbus A319s and Boeing 737700s is quite smaller now, but there is plenty of room to move A320/737-800s up to the A321/737-900ER models. Likewise, we might expect to see the same for the A350 as well as the programme gathers momentum. Ascend director of valuations Les Weal: Probably some. We expect some airlines will push deliveries to the right and airlines with major fleet replacement needs (US airlines?) step in. Do you expect a pullback in orders for the 787 due to recent concerns? Will values be impacted? Dechavanne: I dont believe we will see much pullback unless the current issues create a very significant delay. Values should also not get greatly impacted unless the issues found become more permanent, which is not expected. Boeing has too much invested in this aircraft to not do what is necessary to get the aircraft back up and flying. I am confident that once the full issues have been identified, they will be fixed and the programme will continue as planned. I believe that in todays environment, there is a lot of pressure from operators to have the original equipment manufacturers (OEM) produce more technologically advanced aircraft and due to this, there will always be issues that need to be worked out in the initial deliveries of these aircraft. This is what we are currently experiencing with the 787. De Jaeger: ICF SH&E would not anticipate any significant new orders being signed until the root cause of the 787 battery issues have been identified. The investigation is still early and any commentary on the valuation impact would be pure speculation at this point. Hatcher: Providing Boeing can sort this problem out, get the current fleet flying and prevent any long-term delays then a value crisis should be averted. But can it be done quickly and effectively to prevent further delays? The early line numbers already have big question marks above them as analysts try to assess their true capability versus those built further down the line this could just be another reason why the majority of these early builds will not attract the lessors in the same way as the later builds. Once you couple the issues of weight, engine mod level and now battery issues, these early-build aircraft will have a different value treatment anyway but that is no different to any other new programme in history either! Once the issues are sorted (still early days on when that will be) and the latest engines are in full production then it will be time for Boeing to prove just how good the design is. If this is part of a more serious issue, then we would expect to see some value impact. Given the bad press, I would expect to see more A350 orders this year particularly for those who have been sitting on the fence. Some 787 orders will fall away but we may possibly see more reshuffling towards the larger variant(s?). Tailwind Capital Bryson Monteleone: Pullbacks only if there is a significant re-design to the aircraft similar to the A380 programme, and operators cannot wait for additional lift should the program be paused. Weal: Too early to say and probably not.
Aircraft Finance 2013 | Flightglobal Insight | 15
Do you anticipate more aircraft to be parked in 2013? Why? Dechavanne: Yes. Unless traffic picks up significantly this year, operators will continue to replace older less efficient aircraft with newer aircraft, which means that more aircraft will be parked, perhaps indefinitely. De Jaeger: ICF SH&E does not anticipate an increase in the fleet of parked aircraft in 2013; as always, bankruptcies and unpredictable exogenous events can and do cause spikes. Hatcher: It is still tough out there and despite the expectation that fuel prices will stabilise, certain aircraft types will be parked up. Certainly the A340s and 747s will continue to feel the pain, likewise the smaller members of large families will continue to move to the desert. As passenger demand continues to rise, we may actually see more aircraft returning to service. Many airlines have become savvier to managing their available seat kilometres and operating lessors will be pushing hard to return many of their parked aircraft back into service. The overall number parked will remain the same, but the inmates will change. Undoubtedly some young aircraft will make their way into the desert as funding remains tight but new investors will continue to emerge and return a little confidence back to the market. Monteleone: As long as OEMs continue to pump out new aircraft en masse at aggressive production rates, and financing/leasing for new aircraft remains more compelling, many used aircraft will have no place to go but be parked. Weal: More important question are the permanent retirements and Ascend is interested to see if the youthfulness of the retirements we have seen last year continues in 2013. Do you believe the new ASU will see airlines rethink the amount of new aircraft they order? Dechavanne: This will not have much of an impact. Although the cost of financing new aircraft has and will go up, it is still less expensive than trying to finance used aircraft. De Jaeger: Export credit financing has certainly provided a significant amount for new deliveries, and one consequence has been a migration of demand toward new aircraft, at the expense of used equipment. As the new ASU comes into effect, the relative attractiveness of used equipment will likely increase again, but we will still continue to see
16 | Flightglobal Insight | Aircraft Finance 2013
significant new orders as the industry grows. Hatcher: Nothing seems to affect how airlines think about new orders. Judging by recent activity, the game is centred on flooding the market with capacity, which is inevitable given that OEMs will raise production in order to reduce its backlog quicker or simply at the same rate that it is filling up! Having said that, airlines cannot continue in this way infinitum and we may see some reduction in orders from some of the main culprits of recent years but there are still countless operators out there who have yet to place their order. Providing the airline has a reasonable business case then funding will appear from new avenues in the Middle East and Asia. Monteleone: Not as long there remains an abundance of easy financing, especially by lessors willing to less than stellar credits. Which aircraft saw the greatest recovery in 2012? Dechavanne: I wouldnt say that any aircraft saw a recovery. There were several new aircraft that remained stable, such as the 777-300ER and the A330-300 but the market still remained soft for most aircraft. On the used outof-production side, the 757 remained the most stable aircraft compared to others. De Jaeger: We really did not see much recovery in any of the aircraft types, but if we have to choose one aircraft, it would be the 737-900ER. Hatcher: This is probably too strong a statement for any aircraft in 2012 as the market continues to remain flat and depressed. Specific types continue to move around in relatively large numbers that does provide some encouragement, although a single operator or specific regions are usually behind it i.e. MD-90s, 757s and Fokker 70/100s although the latter two have been holding their own for a number of years now. Monteleone: Large turboprops. Weal: Not sure anything really recovered in the jet sector. Which aircraft performed the worst in 2012? Dechavanne: Whilst most markets remained soft in 2012, the values of the 767-300ERs, older 737-800s, and A340s were hit the most.
De Jaeger: The ERJ-135/140/145 family. Hatcher: Any A340! Monteleone: 737 Next Generation aircraft and intermediate widebodies. Weal: Not a sensible question, different yobs have vastly different result, I would suspect late build 747-400Fs were pretty weak and the A340-300 is in a tailspin. Do you see the second-hand market for narrowbodies improving this year? Dechavanne: Unfortunately no. There might be some stability if traffic numbers are better than expected but due to the fact that the OEMs have continued to ramp up production and financing of used aircraft remains difficult, this will continue to negatively impact second-hand aircraft. De Jaeger: ICF SH&E expects the market for used but young (5-15 years old) narrowbody aircraft to improve this year, as more airlines and investors see the relative value in the aircraft at current trading levels. Hatcher: Difficult to imagine. Too many new aircraft are due for delivery to spark any sudden surge and they will take all the financing up too! We expect to see more lessorlessor sales as new investors emerge to play the game. We will expect to see a slight return of lease rates first (despite low interest rates) before any pricing will return. Monteleone: Narrowbodies will remain in-flux as there remains both a technological sunset for the Next Generation aircraft and perhaps a built-in obsolescence for the Neo and Max variants. Airlines seem to be happy with operating lessors taking on the residual risk as lessors continue to fill up their order books with large orders. Weal: We need to see improved volumes of trades before we can call this. Do you see the second-hand market for widebodies improving this year? Dechavanne: No. My answer is similar to the one for narrowbody aircraft. There might be some level of stability with some aircraft should the cargo market improve thereby reasing the demand for converted freighters. Otherwise, 2013 will not be too dissimilar from 2012.
De Jaeger: ICF SH&Es baseline expectation is that the second-hand widebody market would not improve in 2013 given the planned production levels; however, if the 787 battery issues are not resolved quickly, we would anticipate some increased demand from airlines to extend existing leases of medium widebody aircraft, providing support for elevated lease rates. Such support would not necessarily translate to improvements in values. Hatcher: Some types will move about but they will be older variants as the new types dont trade outside of the sale and leaseback market or post-repossession. If fuel prices does remain intact for 2013, then we could see a rise in freight traffic but I still believe there are too many big freighters parked up to spur any sudden conversion frenzy this year although it would be good to see the low-cost freighter programme come to fruition. Feel stock are looking good but they may not be let go at market pricing if their book values remain too high. A340s will continue to trade this year but appraisers will struggle to keep up with the dropping values. Part-outs will probably drop away as well as that market reaches saturation. The year 2013 will also see an reasing number of A330s on the market. Off-lease, the pricing may appear scary, but providing they can find new homes or conversion prospects, the amount of desert time will hopefully remain short. Monteleone: Yes, only if the 787 continues to have problems and operators require immediate lift. Otherwise intermediate widebodies might soften. Weal: The 787 grounding could give the lease rates a fillip. Book value depreciation would be a good outcome for any aircraft.
Country France France France France France India India New Zealand New Zealand French Polynesia Malaysia Malaysia Malaysia Russia USA France South Africa USA Japan Japan Japan USA USA USA USA USA USA USA USA Ireland USA UK UK South Korea Ireland USA USA USA USA USA USA USA Colombia Colombia Colombia USA USA USA USA China Canada Canada
Month Apr Apr Nov Nov Nov Apr Oct Jul Dec Jun Jun Jul Sep Jan Apr Apr Aug Sep Feb Jul Oct Jan Jan Jun Jun Jul Oct Oct Oct Sep Sep Dec Dec Jun Aug Jan Mar Mar Jun Jul Oct Dec Apr Nov Nov Aug May May Jun Mar Jul Feb May
Number of aircraft 1 1 1 1 1 2 1 4 3 2 1 2 1 5 1 1 3 2 1 1 1 1 2 2 2 2 2 8 2 1 1 2 2 1 3 6 2 3 1 1 1 1 1 2 1 4 3 6 1 1 2 2 2
Aircraft model A380-800 A380-800 A318-100 A319-100 777-300ER 787-8 787-8 ATR 72-600 A320-200 ATR 42-600 A320-200 A320-200 A320-200 747-8F A330-200 ATR 72-500 ERJ-135 737-400 767-300ER 777-200ER 777-200ER MD-87 MD-88 757-200 MD-87 MD-87 MD-87 737-800 777-200 Q400 757-200 A319-100 A321-200 777-200ER 737-800 747-8F 747-400ER 767-300ER 747-8F 747-8F 747-8F 747-8F A319-100 A320-200 A330-200F A320-200 737-800 737-800 A320-200 737-400 CRJ900 Dash 8-100 Dash 8-200
Engine type GP7200 GP7200 CFM56 CFM56 GE90 GEnx GEnx PW100 V2500 PW100 CFM56 CFM56 CFM56 GEnx Trent PW100 AE 3007 CFM56 CF6 PW4000 PW4000 JT8D JT8D RB211 JT8D JT8D JT8D CFM56 Trent PW100 PW2000 V2500 V2500 PW4000 CFM56 GEnx CF6 CF6 GEnx GEnx GEnx GEnx CFM56 CFM56 Trent TBC CFM56 CFM56 V2500 CFM56 CF34 PW100 PW100
Deal structure ECA / EXIM| Tax Lease ECA / EXIM| Tax Lease Tax Lease Tax Lease Tax Lease Loan/Finance/Refinanced Loan/Finance/Refinanced Tax Lease Tax Lease Tax Lease Loan/Finance/Refinanced Finance Lease Loan/Finance/Refinanced Finance Lease ECA / EXIM Finance Lease Loan/Finance/Refinanced Loan/Finance/Refinanced Finance Lease Tax Lease Finance Lease Loan/Finance/Refinanced Loan/Finance/Refinanced Loan/Finance/Refinanced Loan/Finance/Refinanced Loan/Finance/Refinanced Loan/Finance/Refinanced Loan/Finance/Refinanced Loan/Finance/Refinanced Loan/Finance/Refinanced Loan/Finance/Refinanced Loan/Finance/Refinanced Loan/Finance/Refinanced ECA / EXIM Loan/Finance/Refinanced ECA / EXIM Loan/Finance/Refinanced Loan/Finance/Refinanced Capital Markets Capital Markets Capital Markets Capital Markets ECA / EXIM ECA / EXIM ECA / EXIM Pre Delivery Payment Capital Markets ECA / EXIM Loan/Finance/Refinanced Loan/Finance/Refinanced ECA / EXIM Loan/Finance/Refinanced Loan/Finance/Refinanced
Aviation Capital Group Aviation Capital Group Aviation Capital Group Aviation Technologies AVIC International Leasing Avmax Aircraft Leasing Avmax Aircraft Leasing
Tax Lease ECA / EXIM| Finance Lease Tax Lease Finance Lease Finance Lease Finance Lease ECA / EXIM ECA / EXIM ECA / EXIM Loan/Finance/Refinanced ECA / EXIM Finance Lease ECA / EXIM ECA / EXIM Finance Lease Finance Lease ECA / EXIM Capital Markets Loan/Finance/Refinanced Loan/Finance/Refinanced ECA / EXIM Tax Lease Finance Lease ECA / EXIM Tax Lease
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NOTE: Aircraft finance deals announced during 2012 with analysis by customer, financier and aircraft type. The aircraft transaction information contained in this section includes new and second-hand deals. Deals with unknown customers have not been included. SOURCE: Aviation Exchange (www.ascendworldwide.com/aviationexchange)
Precision asset valuations from the Aircraft Appraiser of the Year 2013*
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Deal structure
Operating Lease - Sale and Lease Back Operating Lease - Sale and Lease Back Operating Lease - Sale and Lease Back Operating Lease - Sale and Lease Back Finance Lease Loan/Finance/Refinanced Operating Lease - Sale and Lease Back Purchase - Lease Attached Loan/Finance/Refinanced Operating Lease - Sale and Lease Back Purchase - Lease Attached Loan/Finance/Refinanced Capital Markets Loan/Finance/Refinanced Pre Delivery Payment| Loan/Finance/Refinanced Loan/Finance/Refinanced Purchase - Lease Attached ECA / EXIM ECA / EXIM Loan/Finance/Refinanced Loan/Finance/Refinanced Operating Lease - Sale and Lease Back Purchase Loan/Finance/Refinanced Loan/Finance/Refinanced Purchase Capital Markets Loan/Finance/Refinanced Operating Lease - Sale and Lease Back Purchase - Lease Attached Operating Lease - Sale and Lease Back Operating Lease - Sale and Lease Back Purchase Purchase Purchase Purchase Purchase Purchase Purchase Purchase - Lease Attached Purchase - Lease Attached Loan/Finance/Refinanced Loan/Finance/Refinanced Purchase Purchase
Arrangers
DVB Bank
NOTE: Pages 32 to 79 should be viewed by selecting View, Page Display, Two Page View and Show Cover Page in Two Page View in Acrobat Reader
Debt provider
Equity providers
Buyer
Aldus Aviation Jetscape CIT Aerospace Aldus Aviation
Seller
Flybe Alitalia Alitalia Flybe
NordLB
Avolon Aerospace Leasing Avolon Aerospace Leasing Industrial and Commercial Bank of China (ICBC)
US Airways
Republic Airlines
BNDES - Brazilian Development Bank Undisclosed Bank / Broker / Lessor Undisclosed Bank / Broker / Lessor Undisclosed Bank / Broker / Lessor US Airways China Development Bank Undisclosed Bank / Broker / Lessor US Airways Republic Airlines Linhas Aereas de Mocambique Republic Airlines
ORIX Aviation Aircastle Advisor CIT Aerospace Aircastle Advisor AerSale Cara Capital Corp GRAF1 (Aviation) WSA Infinity Trading & Solutions Jet Time Jet2 Swiftair AerCap ORIX Aviation
Azul CIT Aerospace Azul Azul The Connecticut National Bank AFT 1999-1 ABS Portfolio Undisclosed Bank / Broker / Lessor N302AW/N303AW Holdings ORIX Aviation Boeing Capital Jetscape AERCO 2000-1 ABS Portfolio GECAS
Erste Bank GHS Trade FZE Source One Aircraft Repair DGI II Magnolia Investment
Deal structure
Purchase - Lease Attached Purchase Purchase Purchase Purchase Purchase Purchase - Lease Attached Finance Lease Finance Lease Purchase Purchase Purchase Capital Markets Purchase Purchase Purchase Purchase Purchase Purchase Purchase Purchase Purchase Purchase Purchase Purchase Purchase Purchase Purchase - Lease Attached Loan/Finance/Refinanced Purchase Purchase Purchase Loan/Finance/Refinanced Purchase Purchase Purchase Purchase Purchase Purchase Purchase Purchase Purchase - Lease Attached Loan/Finance/Refinanced Purchase Purchase Purchase Purchase Purchase Purchase Purchase Purchase Purchase Purchase Purchase Purchase Purchase Purchase
Arrangers
Debt provider
Equity providers
Buyer
Kahala Aviation Cargo Air CDI Cargo Airlines Innova Investments Jet2 Jet2 Undisclosed Bank / Broker / Lessor
Seller
First Greenwich Kahala Boeing Capital Air China China Beijing Gahsm Aviation Supplies Science-Tech GECAS Sojitz Aircraft Leasing AWAS
Xunlian Investment Xunxiang Investment Aergo Capital Classic 500 G Rentals Automatic Nordavia - Regional Airlines Undisclosed Bank / Broker / Lessor Jet2 Northern Air Cargo Trigana Air Contrails Capital ILFC Infinity Trading & Solutions Infinity Trading & Solutions Zephyrus Capital Boeing Aircraft Holding Global Pripal Finance Company Jetran International Undisclosed Bank / Broker / Lessor Bank of Beijing AeroTurbine Jetran International MidAmerican Aerospace Investec Bank Air Lease Corporation Air New Zealand Air New Zealand Aircraft N532AU Astra Holdings Engage Aviation Undisclosed Bank / Broker / Lessor Vx Capital Partners Aquiline International Corporation Investec Bank Aergo Capital Aergo Capital AeroTurbine Bulgaria Air FL Technics (Lithuania) Infinity Trading & Solutions MidAmerican Aerospace Small Planet Airlines (Lithuania) Magna Tech Aviation TAG Aviation (Stansted) Airwork (NZ) CSDS Aircraft Sales & Leasing Jetran International TAG Aviation (Stansted) AIRPT 2001-1 ABS Portfolio LIFT 2001-1 ABS Portfolio Aircraft Statutory Trust N533AU CIT Aerospace AerCap Southwest Airlines ACAP 2003-2 ABS Portfolio Volito Aviation Services AeroTurbine AFT 1999-1 ABS Portfolio Aurora Leasing Aircastle Advisor AIRPT 2001-1 ABS Portfolio GECAS Air China AFT 1999-1 ABS Portfolio ORIX Aviation AeroTurbine Engage Aviation Jet Trading And Leasing AirTrust Capital Air Lease Corporation Source One Aircraft Repai Aircraft Statutory Trust N532AU BBAM Jetran International LIFT 2001-1 ABS Portfolio Lufthansa Varde Partners AirTrust Capital Sojitz Aircraft Leasing European Aviation Aergo Capital AAG VII Aurora Aviation Group Aircastle Advisor SWA Southwest Airlines Zephyrus Capital ACAP 2000-1 ABS Portfolio Air Lease Corporation Pacific Enterprises Leasing BBAM AWAS
Deal structure
Purchase - Lease Attached Purchase - Lease Attached Loan/Finance/Refinanced Purchase Purchase - Lease Attached Loan/Finance/Refinanced Purchase Purchase Loan/Finance/Refinanced Purchase Purchase Capital Markets Loan/Finance/Refinanced Purchase - Lease Attached Purchase - Lease Attached Purchase Loan/Finance/Refinanced Purchase Purchase Purchase Loan/Finance/Refinanced Purchase Purchase Purchase Purchase Purchase Purchase - Lease Attached Purchase Purchase Loan/Finance/Refinanced Finance Lease Purchase Purchase Purchase Purchase Loan/Finance/Refinanced Purchase Purchase Purchase Purchase Purchase Loan/Finance/Refinanced Loan/Finance/Refinanced Purchase Purchase Purchase Purchase Purchase Purchase - Lease Attached Loan/Finance/Refinanced Purchase Purchase Purchase Purchase Purchase Loan/Finance/Refinanced Purchase
Arrangers
Debt provider
Equity providers
Buyer
KAL Aviation ORIX Aviation
Seller
AAR Aircraft Sales & Leasing GECAS CSDS Aircraft Sales & Leasing First Greenwich Kahala MC Aviation Partners/Mitsubishi Corporation Boeing Capital AWAS AAR Aircraft Sales & Leasing
Grand Bank of Texas Juliet Romeo Aviation Kahala Aviation Investec Bank Japan TransOcean Air Jet Aviation FZC Jim Gallagher S.S ELTA Electronics KAL Aviation Plainscapital Bank VEB-Leasing VEB-Leasing Undisclosed Bank / Broker / Lessor Batavia Air Jetran International Undisclosed Bank / Broker / Lessor Trustmark National Bank (Texas) Aero Nusantara Indonesia AAR Aircraft Sales & Leasing ASL Aviation Group Enter Air SF Airlines VEB-Leasing AAR Aircraft Sales & Leasing Allied Air Citibank China Construction Bank China Postal Airlines Cosmos Posts&Telecommunications Intl Lsg GainJet Aviation Grandmax Group Investec Bank Aergo Capital Malaysian Airlines Reliance Aircraft International SF Airlines Undisclosed Bank / Broker / Lessor AIRPT 2001-1 ABS Portfolio AAR Aircraft Sales & Leasing Penerbangan Malaysia Berhad Fast Spread Investment Aircraft Solutions Cosmos Posts&Telecommunications Intl Lsg ILFC KLM Royal Dutch Airlines Japan TransOcean Air TAG Aviation (Stansted) AERCO 2000-1 ABS Portfolio Qantas Volito Aviation Services Speed Star ( Hong Kong ) BBAM EAST 2000-1 ABS Portfolio Prudential Retirement Insurance & Annuity Company AerCap Aergo Capital EAST 2000-1 ABS Portfolio AERCO 2000-1 ABS Portfolio GECAS Qantas
Aero Capital Solutions BLF BLF MidAmerican Aerospace United Airlines ORIX Aviation The Frost National Bank Av-Air Aero Capital Solutions GHS Trade FZE Nordavia - Regional Airlines United Airlines The Frost National Bank Universal Asset Management
Volito Aviation Services GECAS United Airlines Apollo Aviation Group Undisclosed Bank / Broker / Lessor GECAS All Nippon Airways Volito Aviation Services Aerovista AIRPT 2001-1 ABS Portfolio Undisclosed Bank / Broker / Lessor United Airlines
Deal structure
Capital Markets Purchase Purchase Purchase Operating Lease - Sale and Lease Back Purchase Purchase Purchase Purchase Purchase Purchase Purchase Purchase Purchase Loan/Finance/Refinanced Purchase Purchase Loan/Finance/Refinanced Purchase Purchase - Lease Attached Purchase - Lease Attached Purchase - Lease Attached Loan/Finance/Refinanced Capital Markets Pre Delivery Payment Tax Lease Tax Lease Loan/Finance/Refinanced Purchase - Lease Attached Loan/Finance/Refinanced Loan/Finance/Refinanced Loan/Finance/Refinanced Loan/Finance/Refinanced Capital Markets Operating Lease - Sale and Lease Back Purchase - Lease Attached Purchase - Lease Attached Loan/Finance/Refinanced Purchase Purchase Purchase Purchase - Lease Attached Loan/Finance/Refinanced Loan/Finance/Refinanced Purchase Purchase - Lease Attached Purchase - Lease Attached Purchase - Lease Attached Loan/Finance/Refinanced Capital Markets Operating Lease - Sale and Lease Back Operating Lease - Sale and Lease Back Operating Lease - Sale and Lease Back Purchase Purchase - Lease Attached Purchase - Lease Attached Loan/Finance/Refinanced
Arrangers
BBAM BBAM | DVB Bank CIC Bank| Credit Agricole Corporate and Investment Bank
DVB Bank
Debt provider
Equity providers
Buyer
Seller
ARC Avionics Corp BLF Universal Asset Management Sberbank Leasing Marsland All Nippon Airways Buraq Air European Aviation Marana Aerospace Solutions Sibit.1 Aero Capital Solutions airBaltic Jetran International Grand Bank of Texas Air North BLF Jione Financial AMES-CAMO Apollo Aviation Group Infinity Aviation Capital Apollo Aviation Group NordLB Bank of Moscow Nomura Babcock & Brown Nomura Babcock & Brown BBAM Development Bank of Japan Bank of China
CIT Aerospace United Airlines United Airlines UTair Aerovista BBAM GECAS Jeritt ARC Avionics Sojitz Aircraft Leasing Volito Aviation Services Marron Ventures GECAS AERCO 2000-1 ABS Portfolio United Airlines Austrian First Greenwich Kahala Lease Corporation International BBAM
CIT Aerospace
Citicorp North America Banc of America Leasing & Capital MD Aviation Capital GE Japan Magellan Group Air Do Intertrade Virgo China Development Bank GA Innovation China Undisclosed Bank / Broker / Lessor BOC Aviation BOC Aviation
Alaska Airlines GECAS FLY Leasing Bavaria Intl Aircraft Leasing & Co All Nippon Airways PALS 1999-1 ABS Portfolio Guggenheim Aviation Partners
Apollo Aviation Group Q Aviation Continuity Air Finance VII Continuity Air Finance VII
Avolon Aerospace Leasing China Aircraft Leasing MC Aviation Partners/Mitsubishi Corporation VEB-Leasing Grus Liability Undisclosed Bank / Broker / Lessor
Ryanair Shandong Airlines Jet Airways Aircraft Leasing & Management Sumisho Aircraft Asset Management Volito Aviation Services
Deal structure
ECA / EXIM Loan/Finance/Refinanced Finance Lease ECA / EXIM ECA / EXIM Pre Delivery Payment Loan/Finance/Refinanced ECA / EXIM Operating Lease - Sale and Lease Back Operating Lease - Sale and Lease Back Operating Lease - Sale and Lease Back Operating Lease - Sale and Lease Back Purchase Purchase - Lease Attached Purchase - Lease Attached ECA / EXIM Loan/Finance/Refinanced Loan/Finance/Refinanced Operating Lease - Sale and Lease Back Operating Lease - Sale and Lease Back Purchase - Lease Attached Purchase - Lease Attached Purchase - Lease Attached Loan/Finance/Refinanced Loan/Finance/Refinanced Loan/Finance/Refinanced Tax Lease ECA / EXIM Tax Lease Loan/Finance/Refinanced Loan/Finance/Refinanced Loan/Finance/Refinanced Operating Lease - Sale and Lease Back Purchase Purchase - Lease Attached ECA / EXIM Capital Markets Loan/Finance/Refinanced Operating Lease - Sale and Lease Back Operating Lease - Sale and Lease Back Operating Lease - Sale and Lease Back Purchase Purchase - Lease Attached Purchase - Lease Attached Purchase - Lease Attached ECA / EXIM Capital Markets ECA / EXIM Loan/Finance/Refinanced Loan/Finance/Refinanced Tax Lease Tax Lease ECA / EXIM Loan/Finance/Refinanced Loan/Finance/Refinanced Loan/Finance/Refinanced Tax Lease
Arrangers
China Exim Bank Deutsche Bank AG| Korea Development Bank| CIC Bank JP Morgan Chase Bank
TD Bank
DVB Bank Credit Agricole Corporate and Investment Bank Sumitomo Mitsui Banking (SMBC) BBAM | DVB Bank
BBAM BBAM KfW IPEX-Bank|Credit Agricole Corporate and Investment Bank|BNP Paribas
DVB Bank
Debt provider
Equity providers
Buyer
Seller
China Development Bank Korea Development Bank| Deutsche Bank AG| CIC Bank Northern Sky Investments 1F JP Morgan Chase Bank Bank of Moscow Bank of China AWAS BBAM GECAS MC Aviation Partners/Mitsubishi Corporation SpiceJet AWAS Santos Dumont Aircraft Management TD Bank NordLB| Wells Fargo Bank Bank of China Goiania Comercio E Servicos Internacionais Lda Jackson Square Aviation Aircastle Advisor CIAF-Leasing Mitsubishi UFJ Lease & Finance Bank of China Bank of China Credit Agricole Corporate and Investment Bank Nomura Babcock & Brown Bank of China Industrial and Commercial Bank of China (ICBC) Undisclosed Bank / Broker / Lessor MC Aviation Partners/Mitsubishi Corporation SpiceJet ORIX Aviation SpiceJet Air Berlin RBS Aviation Capital Aerosvit Airlines Virgin Australia GECAS ACAP 2005-3 ABS Portfolio RBS Aviation Capital GOL Linhas Aereas Inteligentes TUI Aviation American Airlines SpiceJet Air Berlin GECAS RBS Aviation Capital
Avolon Aerospace Leasing GECAS Pembroke Group VTB-Leasing ICBC Leasing ORIX Aviation ORIX Aviation Citibank| HSBC Bank | Banco Nacional de Mexico
Jet Airways Lion Air FlyDubai BBAM RBS Aviation Capital Aviation Capital Group SMBC Aviation Capital
DVB Bank Shanghai Pudong Development Bank Nomura Babcock & Brown DBS Bank PEFCO Industrial and Commercial Bank of China (ICBC) Helaba Landesbank Hessen Thuringen Nomura Babcock & Brown
Deal structure
Operating Lease - Sale and Lease Back Operating Lease - Sale and Lease Back Operating Lease - Sale and Lease Back Purchase Purchase Purchase - Lease Attached Purchase - Lease Attached Purchase - Lease Attached Purchase - Lease Attached Capital Markets ECA / EXIM ECA / EXIM Tax Lease ECA / EXIM Loan/Finance/Refinanced Loan/Finance/Refinanced ECA / EXIM Loan/Finance/Refinanced Loan/Finance/Refinanced ECA / EXIM Operating Lease - Sale and Lease Back Operating Lease - Sale and Lease Back Operating Lease - Sale and Lease Back Purchase Loan/Finance/Refinanced Loan/Finance/Refinanced Capital Markets ECA / EXIM Operating Lease - Sale and Lease Back Purchase - Lease Attached Loan/Finance/Refinanced Loan/Finance/Refinanced ECA / EXIM Loan/Finance/Refinanced Loan/Finance/Refinanced Operating Lease - Sale and Lease Back Operating Lease - Sale and Lease Back Operating Lease - Sale and Lease Back Purchase Purchase - Lease Attached Purchase - Lease Attached Loan/Finance/Refinanced ECA / EXIM Loan/Finance/Refinanced Loan/Finance/Refinanced Tax Lease ECA / EXIM ECA / EXIM Operating Lease - Sale and Lease Back Operating Lease - Sale and Lease Back Operating Lease - Sale and Lease Back Operating Lease - Sale and Lease Back Purchase - Lease Attached Purchase - Lease Attached Loan/Finance/Refinanced Loan/Finance/Refinanced Loan/Finance/Refinanced
Arrangers
DVB Bank| Dubai Islamic Bank China Exim Bank Mitsubishi UFJ Financial Group
JP Morgan Chase Bank Deutsche Bank AG| CIC Bank Mitsubishi UFJ Financial Group
Debt provider
Equity providers
Buyer
CDB Leasing GECAS Jackson Square Aviation Blade Leasing Orenair Aircastle Advisor Aircastle Advisor ORIX Aviation Santos Dumont Aircraft Management
Seller
Lion Air Lion Air Air Berlin Mitsui Bussan Aerospace Air Berlin CIT Aerospace Santos Dumont Aircraft Management SMBC Aviation Capital DEFAG Leasing
PEFCO Credit Agricole Corporate and Investment Bank GE Japan CIT Aerospace GECAS Pembroke Group Hainan Airlines GOL Linhas Aereas Inteligentes Air Berlin Malaysia Airlines ICBC Leasing
China Everbright Bank Avolon Aerospace Leasing CCB Financial Leasing Corporation GECAS Hebei Airlines BoCom Leasing Orix Bank of China PEFCO Bank of China Deutsche Bank AG PEFCO GECAS GECAS Macquarie AirFinance Sojitz Aircraft Leasing AWAS Chishima Real Estate RPK Capital Management Group Air Berlin GOL Linhas Aereas Inteligentes Austrian Transavia Airlines CIT Aerospace ORIX Aviation American Airlines Shenzhen Airlines Lion Air Xiamen Airlines GECAS Avolon Aerospace Leasing
Deal structure
Loan/Finance/Refinanced Tax Lease Tax Lease Tax Lease Loan/Finance/Refinanced ECA / EXIM Operating Lease - Sale and Lease Back Operating Lease - Sale and Lease Back Operating Lease - Sale and Lease Back Purchase Purchase Purchase - Lease Attached Purchase - Lease Attached Operating Lease - Sale and Lease Back Loan/Finance/Refinanced Loan/Finance/Refinanced Tax Lease ECA / EXIM Operating Lease - Sale and Lease Back Operating Lease - Sale and Lease Back Operating Lease - Sale and Lease Back Operating Lease - Sale and Lease Back Purchase Purchase Purchase Purchase - Lease Attached Purchase - Lease Attached Purchase - Lease Attached Purchase - Lease Attached Purchase - Lease Attached Purchase - Lease Attached Pre Delivery Payment Loan/Finance/Refinanced Loan/Finance/Refinanced Loan/Finance/Refinanced Pre Delivery Payment Loan/Finance/Refinanced Capital Markets Pre Delivery Payment Loan/Finance/Refinanced Finance Lease Loan/Finance/Refinanced Pre Delivery Payment Loan/Finance/Refinanced Pre Delivery Payment Pre Delivery Payment ECA / EXIM Capital Markets Capital Markets ECA / EXIM Operating Lease - Sale and Lease Back Capital Markets Operating Lease - Sale and Lease Back Purchase Loan/Finance/Refinanced Capital Markets Purchase
Arrangers
BNP Paribas| DBS Bank Credit Agricole Corporate and Investment Bank Credit Agricole Corporate and Investment Bank|Korea Development Bank Mitsubishi UFJ Financial Group
DVB Bank Credit Agricole Corporate and Investment Bank DVB Bank| PK AirFinance
DVB Bank
ING Bank|NordLB
TD Bank
Debt provider
China Development Bank BOT Lease
Credit Agricole Corporate and Investment Bank| Korea Development Bank
Equity providers
Buyer
Seller
Undisclosed Bank / Broker / Lessor BOC Aviation BOC Aviation SMBC Aviation Capital Killick Aerospace ST Aerospace Engines AWAS ORIX Aviation BoCom Leasing DVB Bank China Development Bank Nomura Babcock & Brown Avolon Aerospace Leasing AWAS AWAS Hong Kong Aviation Capital Hebei Airlines Japan Airlines Killick Aerospace AWAS AWAS AWAS ICBC Leasing Investec Aircraft Syndicate Pembroke Group DBS Bank Commonwealth Bank of Australia Ryanair Air Berlin KLM Royal Dutch Airlines Hainan Airlines Hainan Airlines GECAS Austrian BBAM CIT Aerospace Undisclosed Bank / Broker / Lessor SMBC Aviation Capital GECAS SMBC Aviation Capital GOL Linhas Aereas Inteligentes Lion Air GOL Linhas Aereas Inteligentes Austrian Jet Airways Undisclosed Bank / Broker / Lessor AWAS Hainan Airlines
Hong Kong Aviation Capital NordLB Ellege Lgit Bank of China China Development Bank ING Bank Bank of Moscow ING Bank| NordLB
Scaled Composites
United Airlines
Deal structure
Purchase Purchase Purchase Purchase Loan/Finance/Refinanced Purchase Purchase - Lease Attached Purchase Purchase Purchase Purchase Purchase Purchase Purchase Loan/Finance/Refinanced Purchase Purchase Purchase Purchase Loan/Finance/Refinanced Purchase Purchase Purchase Purchase Loan/Finance/Refinanced Purchase Loan/Finance/Refinanced Capital Markets Finance Lease Purchase - Lease Attached Capital Markets Purchase Loan/Finance/Refinanced Purchase Purchase - Lease Attached Finance Lease ECA / EXIM Capital Markets Capital Markets Capital Markets ECA / EXIM Capital Markets ECA / EXIM Operating Lease - Sale and Lease Back Finance Lease Tax Lease Capital Markets Capital Markets Purchase Purchase Purchase Purchase Purchase Purchase Purchase - Lease Attached Loan/Finance/Refinanced Purchase
Arrangers
DVB Bank
Wells Fargo Bank CIT Aerospace Deutsche Bank AG|Korea Development Bank|CIC Bank
DVB Bank
Goldman Sachs & Co| Credit Agricole Corporate and Investment Bank BNP Paribas BBAM
Debt provider
Equity providers
Buyer
Scaled Composites Deucalion Aviation Funds Orient Thai Airlines VEB-Leasing
Seller
United Airlines All Nippon Airways ILFC Singapore Airlines Rabobank Q Aviation AWAS Singapore Airlines Korean Air Cathay Pacific Penerbangan Malaysia Berhad Hong Kong Aviation Capital AWAS Aircastle Advisor Hong Kong Aviation Capital Penerbangan Malaysia Berhad United Airlines Lufthansa Lufthansa Lufthansa EVA Air Korean Air
DVB Bank Air Atlanta Icelandic Undisclosed Bank / Broker / Lessor EirTrade Aviation Ireland VEB-Leasing Boeing Aircraft Holding GA Telesis AerSale Av-Air GA Telesis Midair Undisclosed Bank / Broker / Lessor AerSale Universal Asset Management Deucalion Aviation Funds Deucalion Aviation Funds Deucalion Aviation Funds AerSale Boeing Aircraft Holding CIT Bank Korea Development Bank| Deutsche Bank CIC Bank Aircastle Advisor KV Aviation Air China Cargo Undisclosed Bank / Broker / Lessor Apple Bank Deucalion Aviation Funds Deucalion Aviation Funds Cathay Pacific CDB Leasing
PEFCO
The Bank of Mitsubishi Tokyo BNP Paribas Nomura Babcock & Brown
United States Air Force PrivatAir Icelandair Jet2 Omni Air International TES Parts Aerolease International FedEx
L-3 Communications Advanced Aviation British Airways American Airlines ACAP 2000-1 ABS Portfolio Aviation Capital Group El Al Volito Aviation Services Aerolease International
Deal structure
Purchase Purchase Loan/Finance/Refinanced Capital Markets Capital Markets Purchase Purchase Purchase Purchase Purchase Purchase - Lease Attached Purchase Purchase Purchase Purchase - Lease Attached Loan/Finance/Refinanced Capital Markets Purchase Purchase Purchase Loan/Finance/Refinanced Purchase Purchase Purchase Purchase Purchase Purchase Purchase Loan/Finance/Refinanced Purchase Purchase Purchase Purchase Purchase Operating Lease - Sale and Lease Back Purchase Purchase Purchase Purchase Purchase Purchase - Lease Attached Loan/Finance/Refinanced Purchase Finance Lease Finance Lease Purchase - Lease Attached Purchase Operating Lease - Sale and Lease Back Loan/Finance/Refinanced Purchase Purchase Purchase Purchase Purchase Purchase Purchase - Lease Attached Loan/Finance/Refinanced
Arrangers
PK AirFinance
Debt provider
Equity providers
Buyer
CIT Aerospace FedEx
Seller
UnionBanCal Leasing ILFC
Undisclosed Bank / Broker / Lessor American Airlines FedEx GA Telesis Jet2 Undisclosed Bank / Broker / Lessor FedEx FedEx Wendell R Parish GA Telesis Wells Fargo Equipment Finance FedEx L-3 Communications Advanced Aviation United Airlines Union Bank of Israel FedEx L-3 Communications Advanced Aviation Wendell R Parish Aerolease International United Airlines FedEx US Bank Undisclosed Bank / Broker / Lessor FedEx United Airlines FedEx FedEx FedEx Undisclosed Bank / Broker / Lessor Brickell Asset Management FedEx FedEx Icelandair JALUX Americas GA Telesis Lease Aircraft Trust Series 2012-1 Cargo Aircraft Management Xunlian Investment Xunyin Investment DHL Aviation (Netherlands) SF Airlines Guggenheim Aviation Partners Jet Midwest Atom Airways Aeromexico AeroTurbine Jet Midwest BLF Aircraft Solutions
WWTAI AirOpCo 1 Bermuda Dougherty Equipment Finance ILFC Security Pacific Equipment Leasing Aviation Leasing Aircastle Advisor ILFC PALS 1999-1 ABS Portfolio Bay 2 Bay Leasing Gaucho 2
AWAS Wendell R Parish Philip Morris Capital PALS 2000-1 ABS Portfolio Wendell R Parish GA Telesis SkyWorks Leasing CIT Aerospace PALS 1999-1 ABS Portfolio Undisclosed Bank / Broker / Lessor Aerolease International CIT Aerospace ILFC Omni Air International ILFC United Airlines US Bank AERCO 2000-1 ABS Portfolio TES Parts US Bank US Bancorp Equipment Finance US Bank National Airlines
Boeing Capital Air China Condor Air Canada West Dover LAN Airlines AWAS Air Canada United Airlines Aisling Airlease (No 5)
Deal structure
Purchase Purchase Purchase Purchase - Lease Attached Capital Markets Capital Markets Purchase Purchase Finance Lease Loan/Finance/Refinanced Purchase Loan/Finance/Refinanced Loan/Finance/Refinanced Loan/Finance/Refinanced Finance Lease Finance Lease Operating Lease - Sale and Lease Back Capital Markets Capital Markets Operating Lease - Sale and Lease Back Purchase Purchase - Lease Attached Purchase - Lease Attached Capital Markets ECA / EXIM Operating Lease - Sale and Lease Back Purchase Purchase - Lease Attached Purchase Loan/Finance/Refinanced Purchase - Lease Attached Purchase Loan/Finance/Refinanced Finance Lease Finance Lease Finance Lease Finance Lease Finance Lease Finance Lease Capital Markets Loan/Finance/Refinanced Capital Markets Capital Markets Operating Lease - Sale and Lease Back Purchase Loan/Finance/Refinanced Capital Markets ECA / EXIM Tax Lease Finance Lease Purchase Capital Markets Purchase - Lease Attached Operating Lease - Sale and Lease Back Purchase - Lease Attached Loan/Finance/Refinanced Loan/Finance/Refinanced
Arrangers
National Bank for Foreign Economic Affairs Uzbek CIT Aerospace JP Morgan Chase Bank JP Morgan Chase Bank
DVB Bank
Natixis
Debt provider
Equity providers
Buyer
Deucalion Aviation Funds Air Do Grandmax Group BoCom Leasing
Seller
Air China All Nippon Airways Japan Airlines North American Aircraft Leasing
Cargo Aircraft Management Cargo Aircraft Management Bellview Leasing Reconstruction and Development Fund of Uzbekistan Atlas Air CIT Bank
GECAS
Guggenheim Aviation Partners Thomas Cook Airlines Undisclosed Bank / Broker / Lessor Opal Leasing
Boeing Capital Qantas Automatic Jet Midwest Amur Finance 1 Undisclosed Bank / Broker / Lessor AerSale CC & EI CC & EI CC & EI CC & EI CC & EI CC & EI RPK Capital Management Group
Qantas Boeing Capital Sumisho Aircraft Asset Management Aviation Leasing CDB Leasing Qantas
Aircraft Purchase Company No. 12 ILFC Undisclosed Bank / Broker / Lessor Korea Development Bank GL Super Leasing Saffron Leasing + 4 others TPG Capital BBAM GECAS BoCom Leasing Bank of China
Deal structure
Purchase - Lease Attached Loan/Finance/Refinanced Loan/Finance/Refinanced Finance Lease Operating Lease - Sale and Lease Back Purchase Tax Lease Capital Markets Capital Markets Purchase Loan/Finance/Refinanced Tax Lease Tax Lease Operating Lease - Sale and Lease Back Operating Lease - Sale and Lease Back Purchase - Lease Attached Tax Lease Tax Lease ECA / EXIM Capital Markets ECA / EXIM Operating Lease - Sale and Lease Back Operating Lease - Sale and Lease Back Operating Lease - Sale and Lease Back Capital Markets ECA / EXIM Loan/Finance/Refinanced Operating Lease - Sale and Lease Back ECA / EXIM Capital Markets Pre Delivery Payment| Loan/Finance/Refinanced Loan/Finance/Refinanced ECA / EXIM ECA / EXIM Operating Lease - Sale and Lease Back Capital Markets Capital Markets ECA / EXIM ECA / EXIM| Finance Lease Capital Markets Operating Lease - Sale and Lease Back Operating Lease - Sale and Lease Back Capital Markets Operating Lease - Sale and Lease Back Capital Markets Loan/Finance/Refinanced Operating Lease - Sale and Lease Back Operating Lease - Sale and Lease Back Tax Lease Loan/Finance/Refinanced ECA / EXIM Purchase - Lease Attached Loan/Finance/Refinanced Capital Markets Loan/Finance/Refinanced Capital Markets ECA / EXIM
Arrangers
BNP Paribas| CIC Bank| Natixis| Sumitomo Mitsui Finance & Leasing Co BBAM | DVB Bank
DVB Bank
BNP Paribas DVB Bank Credit Agricole Corporate and Investment Bank| Goldman Sachs & Co DVB Bank
BNP Paribas
Debt provider
Equity providers
Buyer
Investec Aircraft Syndicate
Seller
GECAS
CIT Bank| NordLB NordLB Korea Development Bank| Deutsche Bank AG| CIC Bank VEB-Leasing VEB-Leasing Transaero Airlines Lionstar Leasing
BBAM Bank of China Nomura Babcock & Brown Air Lease Corporation GECAS Air Lease Corporation Nomura Babcock & Brown
Westpac Banking| ANZ Bank
GECAS
PEFCO
Emirates Airline
Novus Aviation GECAS BNP Paribas| Unconfirmed Japanese Bank Unconfirmed Middle Eastern Bank Apple Bank BBAM ChinaTrust Commercial Bank Undisclosed Bank / Broker / Lessor
Emirates Airline
Deal structure
ECA / EXIM Capital Markets Operating Lease - Sale and Lease Back Purchase Loan/Finance/Refinanced Pre Delivery Payment| Loan/Finance/Refinanced Loan/Finance/Refinanced Finance Lease Capital Markets Operating Lease - Sale and Lease Back Loan/Finance/Refinanced Finance Lease Capital Markets ECA / EXIM Pre Delivery Payment Purchase - Lease Attached Tax Lease Purchase Purchase Tax Lease Purchase - Lease Attached Capital Markets Purchase Purchase - Lease Attached Loan/Finance/Refinanced Loan/Finance/Refinanced Purchase Purchase - Lease Attached Loan/Finance/Refinanced ECA / EXIM ECA / EXIM Capital Markets Operating Lease - Sale and Lease Back Tax Lease Operating Lease - Sale and Lease Back Operating Lease - Sale and Lease Back Purchase - Lease Attached Operating Lease - Sale and Lease Back Finance Lease Finance Lease Capital Markets Loan/Finance/Refinanced Loan/Finance/Refinanced Loan/Finance/Refinanced Purchase - Lease Attached Tax Lease ECA / EXIM Loan/Finance/Refinanced Loan/Finance/Refinanced ECA / EXIM Loan/Finance/Refinanced Operating Lease - Sale and Lease Back Tax Lease Purchase - Lease Attached Loan/Finance/Refinanced Loan/Finance/Refinanced Finance Lease
Arrangers
Citibank
ING Bank
Debt provider
Equity providers
Buyer
Seller
Nippon Export and Investment Insurance| Apple Bank Air Lease Corporation Credit Agricole Corporate and Investment Bank Avianca (Brazil) Airbus Asset Management China World Aviation Leasing China United Airlines AWAS NordLB| Wells Fargo Bank Bank of China GECAS Asset Management Services ICBC Leasing Cyprus Airways RBS Aviation Capital LAN Airlines LAN Airlines GECAS China Aviation Supplies GECAS Vietnam Aircraft Leasing
CDB Leasing NBB Flex BoCom Leasing MC Aviation Partners/Mitsubishi Corporation ORIX Aviation BoCom Leasing CMB Financial Leasing CMB Financial Leasing GE Japan NordLB GE Japan ICBC Leasing NBB Elm China Development Bank DVB Bank JP Morgan Chase Bank CCB Financial Leasing Apollo Aviation Group Frost Bank Agricultural Bank of China
Alitalia China Eastern Airlines Germania Aircraft Purchase Fleet China Eastern Airlines
Deal structure
Operating Lease - Sale and Lease Back Purchase Purchase Purchase Purchase - Lease Attached Purchase - Lease Attached Operating Lease - Sale and Lease Back Purchase Tax Lease| Loan/Finance/Refinanced Loan/Finance/Refinanced Loan/Finance/Refinanced Pre Delivery Payment ECA / EXIM Finance Lease Loan/Finance/Refinanced Capital Markets Capital Markets Loan/Finance/Refinanced ECA / EXIM Finance Lease Finance Lease Purchase - Lease Attached Purchase - Lease Attached ECA / EXIM ECA / EXIM ECA / EXIM| Tax Lease Loan/Finance/Refinanced Loan/Finance/Refinanced ECA / EXIM| Tax Lease Loan/Finance/Refinanced Operating Lease - Sale and Lease Back Purchase Purchase Purchase Purchase Operating Lease - Sale and Lease Back ECA / EXIM Pre Delivery Payment Loan/Finance/Refinanced Tax Lease Loan/Finance/Refinanced Operating Lease - Sale and Lease Back Tax Lease Loan/Finance/Refinanced Loan/Finance/Refinanced Tax Lease Loan/Finance/Refinanced Loan/Finance/Refinanced Tax Lease Operating Lease - Sale and Lease Back Operating Lease - Sale and Lease Back Operating Lease - Sale and Lease Back Purchase Purchase Purchase Operating Lease - Sale and Lease Back Purchase
Arrangers
Helaba Landesbank Hessen Thuringen Helaba Landesbank Hessen Thuringen KfW IPEX-Bank Undisclosed Bank / Broker / Lessor KfW IPEX-Bank
Natixis KfW IPEX-Bank JP Morgan Chase Bank Commonwealth Bank of Australia Santander KfW IPEX-Bank| DVB Bank| Credit Agricole Corporate and Investment Bank| BNP Paribas Credit Agricole Corporate and Investment Bank
Natixis
Debt provider
Equity providers
Buyer
GECAS Intertrade Santos Dumont Aircraft Management SouthJet Two China World Aviation ORIX Aviation Pembroke Group Aeronautics Fund
Seller
GoAir CIT Aerospace GOAL German Operating Aircraft Leasing Wallis Trading GECAS GECAS Tiger Airways ACAP 2005-3 ABS Portfolio
Wells Fargo Bank Citibank| BDO Unibank China Development Bank| Changjiang Leasing
Bank Audi CMB Financial Leasing| Bank of China NordLB| Standard Chartered Bank Aircastle Advisor AWAS PALS 2001-1 ABS Portfolio GECAS
NordLB| Wells Fargo Bank International Bank of Commerce Bank of America Leasing & Capital GA Telesis GA Telesis Infinity Trading & Solutions Sargent Avborne MC Aviation Partners/Mitsubishi Corporation JP Morgan Chase Bank Natixis Commerzbank Yamasa Lease Easyjet AFT 1999-1 ABS Portfolio AIRPT 2001-1 ABS Portfolio GA Telesis GA Telesis Tiger Airways
NordLB| Unicredit
Commonwealth Bank of Australia China Development Bank Natixis Nomura Babcock & Brown GECAS MC Aviation Partners/Mitsubishi Corporation MC Aviation Partners/Mitsubishi Corporation Air Salvage International Avion Capital Partners FL Technics (Lithuania) Century Tokyo Leasing Interjet Air France Gulf Air Niki RPK Capital Management Group AERLS 2007-1 ABS Portfolio AERCO 2000-1 ABS Portfolio Jetstar Japan Aviation Capital Group
Deal structure
Loan/Finance/Refinanced Loan/Finance/Refinanced Loan/Finance/Refinanced Loan/Finance/Refinanced Loan/Finance/Refinanced Loan/Finance/Refinanced Tax Lease| ECA / EXIM Finance Lease Capital Markets Capital Markets Loan/Finance/Refinanced Operating Lease - Sale and Lease Back Purchase - Lease Attached Operating Lease - Sale and Lease Back Operating Lease - Sale and Lease Back Purchase ECA / EXIM Tax Lease Tax Lease Loan/Finance/Refinanced Loan/Finance/Refinanced ECA / EXIM ECA / EXIM Purchase Purchase Purchase Purchase Purchase Purchase - Lease Attached Operating Lease - Sale and Lease Back Loan/Finance/Refinanced ECA / EXIM Finance Lease Loan/Finance/Refinanced Loan/Finance/Refinanced Loan/Finance/Refinanced Loan/Finance/Refinanced Capital Markets Loan/Finance/Refinanced ECA / EXIM Pre Delivery Payment Capital Markets ECA / EXIM| Tax Lease Loan/Finance/Refinanced ECA / EXIM Capital Markets ECA / EXIM ECA / EXIM Capital Markets Loan/Finance/Refinanced Loan/Finance/Refinanced ECA / EXIM Loan/Finance/Refinanced Operating Lease - Sale and Lease Back Operating Lease - Sale and Lease Back Operating Lease - Sale and Lease Back Operating Lease - Sale and Lease Back
Arrangers
Sumitomo Mitsui Banking (SMBC)
KfW IPEX-Bank| Credit Agricole Corporate and Investment Bank| BNP Paribas| Deutsche Bank | UBS KfW IPEX-Bank| BNP Paribas| Credit Agricole Corporate and Investment Bank| Deutsche Bank | UBS
BNP Paribas DVB Bank DVB Bank CIC Bank| Credit Agricole Corporate and Investment Bank
KfW IPEX-Bank KfW IPEX-Bank Credit Agricole Corporate and Investment Bank BNP Paribas
Helaba Landesbank Hessen Thuringen KfW IPEX-Bank Investec Bank Credit Agricole Corporate and Investment Bank
HSBC Bank
Debt provider
Equity providers
Buyer
Seller
Undisclosed Bank / Broker / Lessor Chishima Real Estate Plane Business Leasing BoCom Leasing GECAS Gomera Trading Standard Chartered Bank BNP Paribas| Sumitomo Mitsui Banking (SMBC) BNP Paribas| Sumitomo Mitsui Banking (SMBC) Unconfirmed Chinese Bank Bank of China BNP Paribas BNP Paribas Air France AerCap Shenzhen Airlines Spirit Airlines AWAS
Aeronautics Fund ILFC ILFC Jordan Aviation Undisclosed Bank / Broker / Lessor Airfleet Credit JJJ1 Undisclosed Bank / Broker / Lessor
Macquarie AirFinance Air Salvage International Mitsui Sumitomo Trust Panasonic Finance FG Wing Leasing ILFC FLY Leasing Jetstar Japan
Credit Agricole Corporate and Investment Bank| Tokyo Star Bank Commonwealth Bank of Australia Undisclosed Bank / Broker / Lessor
Investec Bank CIC Bank| Sumitomo Mitsui Banking (SMBC) GE Japan Undisclosed Bank / Broker / Lessor Credit Agricole Corporate and Investment Bank Gulf Bank CIC Bank China Development Bank GE Japan Deucalion Aviation Funds GECAS CDB Leasing GECAS Monarch Airlines GoAir IndiGo Jetstar Japan
Deal structure
Operating Lease - Sale and Lease Back Operating Lease - Sale and Lease Back Operating Lease - Sale and Lease Back Finance Lease Loan/Finance/Refinanced ECA / EXIM Tax Lease ECA / EXIM Finance Lease Purchase - Lease Attached Purchase - Lease Attached Purchase Pre Delivery Payment Loan/Finance/Refinanced ECA / EXIM Loan/Finance/Refinanced Purchase Purchase - Lease Attached Purchase - Lease Attached Purchase - Lease Attached Operating Lease - Sale and Lease Back Purchase Purchase Purchase - Lease Attached Loan/Finance/Refinanced Loan/Finance/Refinanced Loan/Finance/Refinanced Loan/Finance/Refinanced Operating Lease - Sale and Lease Back Purchase Purchase - Lease Attached Operating Lease - Sale and Lease Back Operating Lease - Sale and Lease Back Operating Lease - Sale and Lease Back Purchase ECA / EXIM Operating Lease - Sale and Lease Back Purchase Purchase Operating Lease - Sale and Lease Back Operating Lease - Sale and Lease Back Operating Lease - Sale and Lease Back Operating Lease - Sale and Lease Back Purchase Purchase - Lease Attached Purchase - Lease Attached Purchase - Lease Attached ECA / EXIM ECA / EXIM ECA / EXIM Loan/Finance/Refinanced Loan/Finance/Refinanced Tax Lease Loan/Finance/Refinanced Loan/Finance/Refinanced Finance Lease Purchase
Arrangers
Korea Development Bank| KfW IPEX-Bank KfW IPEX-Bank| Sumitomo Mitsui Banking (SMBC)
BNP Paribas| Development Bank of Japan| Korea Development Bank| Mega Bank
Natixis
DVB Bank
Natixis Natixis Credit Agricole Corporate and Investment Bank Credit Agricole Corporate and Investment Bank BNP Paribas
Debt provider
Equity providers
Buyer
Hong Kong Aviation Capital Jackson Square Aviation MC Aviation Partners/Mitsubishi
Seller
Jetstar Japan Jetstar Japan Jetstar Japan
Red Angels
Arab Leasing International Finance Craentex Investments ATA Air Bank of Communications Tenca Leasing China Development Bank Airfinancial Management BoCom Leasing ICBC Leasing ORIX Aviation Hong Kong Aviation Capital Meraj Air Undisclosed Bank / Broker / Lessor Mitsubishi UFJ Lease & Finance KTB Leasing Company Development Bank of Japan Bank of China DVB Bank Changjiang Leasing Undisclosed Bank / Broker / Lessor FGL Aircraft Ireland GECAS Pembroke Group Pembroke Group Intertrade ORIX Aviation AAR Parts Trading Asian Express Airline BoCom Leasing CCB Financial Leasing Corporation MC Aviation Partners/Mitsubishi Corporation Qatar Aviation Lease Company MidAmerican Aerospace Pembroke Group Pembroke Group Undisclosed Bank / Broker / Lessor Citibank Apple Bank Apple Bank Westpac Banking NTT Finance Unconfirmed US Bank JJJ2 Aeronautics Fund
AerCap GECAS SMBC Aviation Capital AWAS IndiGo Undisclosed Bank / Broker / Lessor Air Mart Capital MC Aviation Partners/Mitsubishi
Hong Kong Airlines Iberia Avolon Aerospace Leasing Volaris IndiGo Tiger Airways CIT Aerospace Avianca GECAS Aerostar Leasing Shenzhen Airlines China Eastern Airlines Spirit Airlines Qatar Airways EAST 2000-1 ABS Portfolio Q Aviation SMBC Aviation Capital AWAS
Air Sweden
Deal structure
Purchase Purchase Purchase Purchase Purchase - Lease Attached Operating Lease - Sale and Lease Back Purchase Purchase - Lease Attached Loan/Finance/Refinanced Tax Lease Loan/Finance/Refinanced Loan/Finance/Refinanced Loan/Finance/Refinanced Capital Markets Capital Markets Finance Lease Loan/Finance/Refinanced Loan/Finance/Refinanced Loan/Finance/Refinanced Pre Delivery Payment Capital Markets Purchase Operating Lease - Sale and Lease Back Operating Lease - Sale and Lease Back Capital Markets Capital Markets Loan/Finance/Refinanced Loan/Finance/Refinanced Tax Lease| ECA / EXIM ECA / EXIM| Tax Lease Tax Lease Tax Lease| ECA / EXIM Tax Lease Loan/Finance/Refinanced Capital Markets Capital Markets Capital Markets Capital Markets Finance Lease ECA / EXIM Loan/Finance/Refinanced Loan/Finance/Refinanced Purchase - Lease Attached Operating Lease - Sale and Lease Back Loan/Finance/Refinanced Finance Lease ECA / EXIM Loan/Finance/Refinanced Loan/Finance/Refinanced Loan/Finance/Refinanced Loan/Finance/Refinanced Purchase Loan/Finance/Refinanced Pre Delivery Payment Purchase - Lease Attached ECA / EXIM Tax Lease
Arrangers
The Bank of Mitsubishi Tokyo DVB Bank| PK AirFinance DVB Bank| PK AirFinance
DVB Bank
Natixis| KfW IPEX-Bank KfW IPEX-Bank Standard Chartered Bank| BBAM CIC Bank ING Bank DVB Bank
Debt provider
Equity providers
Buyer
African Holding Co of America Allegiant Air Av-Air Infinity Trading & Solutions Pembroke Group MC Aviation Partners/Mitsubishi Corporation Aerotron Pembroke Group
Seller
AeroTurbine Undisclosed Bank / Broker / Lessor All Nippon Airways Aircastle Advisor SMBC Aviation Capital Wizz Air ACST 2006-1 ABS Portfolio SMBC Aviation Capital
AeroTurbine The Bank of Mitsubishi Tokyo| Australia & New Zealand Banking Group Bank of China
China Development Bank Industrial and Commercial Bank of China (ICBC) Bank of Communications United Technologies Asian Wings Airways Century Tokyo Leasing Jackson Square Aviation Alitalia Air France Monarch Airlines
NordLB| Unicredit Saudi Arabian Monetary Agency BPCE| Siemens Bank| KfW IPEX-Bank Standard Chartered Bank ING Bank| NordLB ING Bank Nomura Babcock & Brown BNP Paribas BNP Paribas
Undisclosed Bank / Broker / Lessor Vietnam Export Import Bank GE Japan Apollo Aviation Group Pembroke Group Gulf International Bank China Development Bank Undisclosed Bank / Broker / Lessor Citibank| Development Bank of Japan Trade Bank of Iraq
VEB-Leasing
Alphastream
Deal structure
Capital Markets Loan/Finance/Refinanced Purchase Operating Lease - Sale and Lease Back Purchase - Lease Attached Purchase - Lease Attached Loan/Finance/Refinanced Loan/Finance/Refinanced Loan/Finance/Refinanced ECA / EXIM Loan/Finance/Refinanced Purchase Operating Lease - Sale and Lease Back Operating Lease - Sale and Lease Back Loan/Finance/Refinanced| Tax Lease Capital Markets ECA / EXIM ECA / EXIM| Tax Lease ECA / EXIM Capital Markets Capital Markets Capital Markets Purchase - Lease Attached Purchase - Lease Attached Operating Lease - Sale and Lease Back Loan/Finance/Refinanced ECA / EXIM Loan/Finance/Refinanced Operating Lease - Sale and Lease Back Operating Lease - Sale and Lease Back Purchase - Lease Attached Loan/Finance/Refinanced Loan/Finance/Refinanced Pre Delivery Payment Loan/Finance/Refinanced Purchase - Lease Attached Purchase Loan/Finance/Refinanced Loan/Finance/Refinanced Purchase - Lease Attached Pre Delivery Payment Capital Markets Purchase Loan/Finance/Refinanced Loan/Finance/Refinanced Loan/Finance/Refinanced Loan/Finance/Refinanced Finance Lease ECA / EXIM| Tax Lease ECA / EXIM ECA / EXIM Pre Delivery Payment Operating Lease - Sale and Lease Back Capital Markets Capital Markets ECA / EXIM| Tax Lease Purchase - Lease Attached
Arrangers
Helaba Landesbank Hessen Thuringen| KfW IPEX-Bank| Sumitomo Mitsui Banking (SMBC)
DVB Bank
Credit Agricole Corporate and Investment Bank| Deutsche Bank | CIC Bank| NTT Finance
Natixis
DVB Bank DVB Bank DVB Bank BayernLB| DekaBank| Deutsche Pfandbriefbank| Natixis Natixis| Royal Bank of Scotland
Natixis
Debt provider
Equity providers
Buyer
Seller
Hua Nan Bank| Shin Kong Bank| Taichung Commercial Bank| Union Bank of Taiwan| Shanghai Commercial and Savings Bank| Cathay United Bank
Deutsche Pfandbriefbank Credit Agricole Corporate and Investment Bank| KfW IPEX-Bank The Bank of Mitsubishi Tokyo
Airbus Asset Management GECAS Guggenheim Aviation Partners China Development Bank Undisclosed Bank / Broker / Lessor Royal Bank of Scotland BoCom Leasing Avolon Aerospace Leasing ORIX Aviation DVB Bank Rand Merchant Bank AWAS TPG Capital
Credit Agricole Corporate and Investment Bank| Deutsche Bank | CIC Bank| NTT Finance Undisclosed Bank / Broker / Lessor
ICBC Leasing
BOC Aviation
Emirates Airline
Citibank
ICBC Leasing
Air China
AerCap
Deal structure
Tax Lease Finance Lease Purchase - Lease Attached Operating Lease - Sale and Lease Back Operating Lease - Sale and Lease Back ECA / EXIM Operating Lease - Sale and Lease Back ECA / EXIM ECA / EXIM Pre Delivery Payment Loan/Finance/Refinanced| Tax Lease Purchase ECA / EXIM Purchase - Lease Attached Loan/Finance/Refinanced Tax Lease| Loan/Finance/Refinanced Loan/Finance/Refinanced Operating Lease - Sale and Lease Back Loan/Finance/Refinanced Operating Lease - Sale and Lease Back Loan/Finance/Refinanced Operating Lease - Sale and Lease Back ECA / EXIM Purchase - Lease Attached Operating Lease - Sale and Lease Back Loan/Finance/Refinanced Purchase - Lease Attached Operating Lease - Sale and Lease Back Loan/Finance/Refinanced Capital Markets Purchase Purchase Purchase Purchase Purchase Purchase Purchase Purchase Capital Markets Purchase Loan/Finance/Refinanced Loan/Finance/Refinanced Tax Lease Operating Lease - Sale and Lease Back Finance Lease JOL ECA / EXIM| Tax Lease Tax Lease| ECA / EXIM ECA / EXIM ECA / EXIM Operating Lease - Sale and Lease Back ECA / EXIM Capital Markets Operating Lease - Sale and Lease Back Loan/Finance/Refinanced ECA / EXIM Finance Lease
Arrangers
Credit Agricole Corporate and Investment Bank
Citibank| JP Morgan Chase Bank| KfW IPEX-Bank| Royal Bank of Scotland HSBC Bank
Credit Agricole Corporate and Investment Bank| Helaba Landesbank Hessen Thuringen| Kasikornbank
Credit Agricole Corporate and Investment Bank Natixis KfW IPEX-Bank SkyWorks Leasing
NordLB Dubai Islamic Bank| Al Hilal Bank| Ajman Bank Doric The Bank of Mitsubishi Tokyo
Credit Agricole Corporate and Investment Bank| Sumitomo Mitsui Banking (SMBC) Credit Agricole Corporate and Investment Bank| DekaBank| Helaba Landesbank Hessen Thuringen
EastMerchant Capital| Australia & New Zealand Banking Group Societe Generale
Hannover Leasing & Co. | Helaba Landesbank Hessen Thuringen
Debt provider
Equity providers
Buyer
Seller
WestLB
CDB Leasing
Citibank
Deucalion Aviation Funds BayernLB ICBC Leasing Credit Agricole Corporate and Investment Bank| Lotte Capital Co. Natixis| Standard Chartered Bank| Commerzbank Natixis MC Aviation Partners/Mitsubishi Corporation Undisclosed Bank / Broker / Lessor Novus Aviation NordLB First Energy Bank MOF Aircastle Advisor BOC Aviation Undisclosed Bank / Broker / Lessor CDB Leasing China Aircraft Leasing Grofin Africa Fund China Eastern Airlines Airbus Asset Management Airbus Asset Management Undisclosed Bank / Broker / Lessor GECAS Asset Management Services Undisclosed Bank / Broker / Lessor Airbus Asset Management Azerbaijan Airlines Avaio NordLB NordLB VEB-Leasing
Hansa Treuhand Ship Beteiligungs & Co. KG
Corsair Malaysia Airlines Malaysia Airlines CIT Aerospace Iberia GECAS Air China
ICBC Leasing China Eastern Airlines China Eastern Airlines Lufthansa GMT Global Republic Aviation Iberia Singapore Airlines A J Walter Aviation Virgin Atlantic Airways
Transaero Airlines
The Bank of Mitsubishi Tokyo |Sumitomo Mitsui Banking (SMBC) Fuyo General Lease Company Sumitomo Mitsui Trust Bank Citibank MOF Malaysia Airlines
WealthCap
Singapore Airlines
Deal structure
ECA / EXIM ECA / EXIM Loan/Finance/Refinanced Purchase Purchase Purchase Purchase Purchase Purchase Purchase Purchase - Lease Attached Purchase - Lease Attached Purchase Purchase Purchase Purchase Purchase Purchase Purchase Tax Lease Finance Lease Purchase Purchase Purchase Purchase - Lease Attached Purchase Purchase Purchase Purchase Finance Lease Purchase Purchase Loan/Finance/Refinanced Purchase Purchase Purchase Purchase Purchase Loan/Finance/Refinanced Operating Lease - Sale and Lease Back ECA / EXIM| Tax Lease Tax Lease Operating Lease - Sale and Lease Back Loan/Finance/Refinanced Loan/Finance/Refinanced Purchase Purchase Purchase Purchase Purchase Purchase Purchase Purchase Purchase Purchase Purchase Purchase
Arrangers
KfW IPEX-Bank| Sumitomo Mitsui Banking (SMBC)
Sumitomo Mitsui Banking (SMBC)| Sumitomo Mitsui Trust Bank| Development Bank of Japan
Transportation Partners
Debt provider
Equity providers
Buyer
Seller
Investec Bank MAP Linhas Aereas Pascan Aviation Calm Air West Wind Aviation Atlantique Air Assistance Blue Islands Magellan Group ACIA Aero ACIA Aero Tropical Air Calm Air Taimyr Air - NordStar Airline Contract Maintenance and Equipment Hawaiian Airlines Nordic Aviation Capital Island Transvoyager Antelope Leasing Vip Wings Imetame Metalmechanica Magellan Group ACIA Aero DAT - Danish Air Transport Overland Airways Solenta Aviation Airlinair Natixis Lease ATR ATR International Finance ATR Passaredo Transportes Aereos ATR Nordic Aviation Capital Passaredo Transportes Aereos BNP Paribas Nordic Aviation Capital Deutsche Bank AG| KfW IPEX-Bank The Bank of Mitsubishi Tokyo GECAS BNP Paribas Residco Atlantic Jet Support FL Technics (Lithuania) Avmax Aircraft Leasing Cemair Emery Air Charter Pragma MB Avmax Aircraft Leasing Eagle Aviation Clarks Summit II Bombardier Eagle Aviation Kinetic Motion SW Holding Trust Fleet Credit Air Canada ALF V FL Technics (Lithuania) Aircraft Leasing & Management Air Canada Comair JL Sarah Lease Eurowings GECAS Clarks Summit II Azul Air Nostrum Air Nostrum ATR Air Nostrum Azerbaijan Airlines ATR Air Nostrum Santander Central Hispano Lease Airlinair ATR Asset Management Nordic Aviation Capital ATR Cimber Air-Leasing ATR Asset Management ATR Asset Management Air Vendee Investissements TRIP BKM Luftfahrt Willis Lease Finance Corporation Fly540 Sodelem SA & Oseo Financement Atlantique Air Assistance Antrak Air ATR Asset Management Merinos Leasing Precision Air BKM Luftfahrt Flybe Nordic ASL Aviation Group Airline Contract Maintenance and Equipment Azerbaijan Airlines Nordic Aviation Capital
Deal structure
Purchase Purchase Purchase Purchase Purchase Purchase Purchase
Arrangers
Purchase Purchase Loan/Finance/Refinanced Loan/Finance/Refinanced Purchase Purchase Purchase Purchase Purchase Purchase Purchase Purchase Loan/Finance/Refinanced Purchase Purchase Purchase Purchase Purchase Purchase Capital Markets Loan/Finance/Refinanced Loan/Finance/Refinanced Purchase - Lease Attached Capital Markets Operating Lease - Sale and Lease Back ECA / EXIM Loan/Finance/Refinanced ECA / EXIM Operating Lease - Sale and Lease Back Purchase Purchase Loan/Finance/Refinanced Purchase Purchase Purchase Purchase Operating Lease - Sale and Lease Back Purchase Purchase Purchase Loan/Finance/Refinanced Purchase Purchase Purchase Loan/Finance/Refinanced Purchase Purchase Purchase Purchase - Lease Attached China Exim Bank
Debt provider
Equity providers
Buyer
MGC Airlines (Matekane Air) SCAT Amaszonas Bombardier Regional One Semirara Mining Voyageur Airways
Seller
SA Express Tyrolean Airways Avmax Aircraft Leasing Eurowings Bombardier Services Tailwind Capital Kinetic Motion SA Express Eurowings
NatWest Aerospace Trust Company Matekane Farming CC Bombardier Capital Zions First National Bank State Street Bank & Trust Eagle Aviation SCAT SCAT Flying Colours Flying Colours Peak Pacific Global SkyWest Airlines Unconfirmed Kazakhstan Airline Export Development Canada AviaAM Leasing Bombardier Stewart-Haas Racing Nova Airways Delta Air Lines Trident Aviation Zions First National Bank Zions First National Bank Delta Air Lines AVIC International Leasing Export Development Canada Export Development Canada Delta Air Lines First Financial Insurance Air Creebec Alberta Treasury Branches DAT - Danish Air Transport National Jet Systems ALS Mexican Air Force Nordic Aviation Capital Wideroe Frontier Alaska Aviation Trust Intellex Group First National Bank Alaska Fayard Enterprises Fayard Enterprises Island Air Avtran Choice Turbine Frontier Alaska Aviation Trust Willis Lease Finance Corporation AEC-341 Fayard Enterprises Avmax Aircraft Leasing SN 146 Frontier Alaska Aviation Trust Liquidation Air Services Aeroleasing International Overland Leasing Group Air Iceland AIRPT 2001-1 ABS Portfolio Kahama Mining Air Inuit Olympic Air AeroCentury Intellex Group Piraeus Financial Leasing Pinnacle Airlines Bombardier Air Inuit Comair China Express Airlines GECAS GECAS Canadian Regional Aircraft Finance Transaction No1 Eagle Aviation GECAS Air Nostrum GECAS First Greenwich Kahala GOAL German Operating Aircraft Leasing Bombardier Capital Bombardier Bombardier Comair Tyrolean Airways
Deal structure
Loan/Finance/Refinanced Loan/Finance/Refinanced Purchase Purchase Purchase Purchase Loan/Finance/Refinanced Purchase Purchase Purchase Purchase Purchase Purchase Purchase Purchase Purchase Loan/Finance/Refinanced Purchase Purchase Purchase Purchase Purchase Purchase Purchase Purchase Purchase Purchase Purchase Purchase Purchase Purchase Purchase Purchase Purchase Purchase Purchase Loan/Finance/Refinanced Purchase - Lease Attached Purchase Purchase Purchase Purchase Purchase Purchase Purchase Purchase Purchase Purchase Purchase Loan/Finance/Refinanced Purchase Purchase Purchase Finance Lease Purchase Purchase Purchase
Arrangers
Debt provider
First National Bank Alaska Union Bank
Equity providers
Buyer
Seller
1201148 Alberta DAT - Danish Air Transport Skytrans Solomon Airlines Export Development Canada Avmax Aircraft Leasing AeroCentury Jione Financial Northstar Avlease Skyservice Business Aviation Nordic Aviation Capital African Barrick Gold Air Inuit Government of Quebec P/F BankNordic Avitrade Ireland Bombardier Phoenix Heliparts US Department of State - INL Air Wing (INL/A) Air Inuit Avmax Aircraft Leasing Aircraft Solutions Fayard Enterprises Fayard Enterprises NK Leasing Perimeter Airlines Travira Air Field Aviation Nordic Aviation Capital Airphil Express Avmax Aircraft Leasing Skytrans Air Namibia ECC Leasing Nedbank ECC Leasing Ogengene Air Services CIT Aerospace Enhanced Aero Maintenance SAS Irmaos Passaura Globalia Group IBC Airways Airlink - SA Airlink Aerovision Aircraft Services Aerovision Aircraft Services Aerovision Aircraft Services Aerovision Aircraft Services JP Morgan Chase Bank Solenta Aviation Regional One Aeromexico Connect Natixis Lease NovoAir Bek Air
AEC-341 Nuuk Aircraft 1 GMG Airlines Ventos Management Manufacturers & Traders Trust InterSky Air Senegal International SA Express Caya de Ahrossos de Valencia Castellon Y Alicante All Nippon Airways Skyservice Business Aviation SA Express Capital Aviation Services UniCredit Global Leasing Export Air Nostrum Avitrade Ireland Phoenix Heliparts Bombardier Capital Aircraft Solutions NK Leasing Air Service Gabon Volvo Aero Services Aircraft Sales & Leasing Nordic Aviation Capital Air Inuit Bombardier Bombardier NL Scorpio Lease Nordic Aviation Capital Caribbean Airlines AIRPT 2001-1 ABS Portfolio Regional American Airlines American Airlines Aircraft Solutions Bank of Hawaii Leasing Aircraft Solutions Skyways Lagun Air FAP Investment AB Janus 429/448 Corp Bank of America GECAS Philip Morris Capital GECAS Continuity Air Finance IX SL Canopy Aircraft Solutions ERJ-145 Pembroke Group Eastindo Air Taxi & Charter
Deal structure
Purchase Purchase Purchase Purchase Purchase Purchase Purchase Purchase Purchase Purchase Purchase Loan/Finance/Refinanced Purchase Purchase Purchase Purchase - Lease Attached Purchase Purchase Purchase Capital Markets Purchase Purchase Purchase Purchase Purchase Purchase Purchase Purchase Purchase Purchase Purchase Purchase Purchase Purchase Purchase Purchase Purchase Purchase Purchase Purchase Purchase Purchase Purchase Purchase Purchase - Lease Attached Purchase Purchase Purchase Purchase - Lease Attached Purchase Purchase Purchase Purchase Purchase Purchase - Lease Attached Loan/Finance/Refinanced Purchase
Arrangers
Debt provider
Equity providers
Buyer
Skywest Airlines (Australia) Air Panama Bukovyna Airlines Sky Aviation Air Panama Jet Midwest Bukovyna Airlines Jet Midwest Jet Midwest Jet Midwest Undisclosed Bank / Broker / Lessor
Seller
France Aircraft Finance V Jet Trading & Leasing KLM cityhopper Premiair (Indonesia) Jet Trading & Leasing MS Financing KLM cityhopper Aviation Leasing Aviation Leasing Aviation Leasing Brit Air Undisclosed Bank / Broker / Lessor Jet Trading & Leasing Capital Lease Aviation Airfleet Credit Vx Capital Partners BBAM Boeing Capital EVA Air ILFC EVA Air ILFC AWAS CIT Aerospace Air Sweden Airline Support Sweden American Airlines Jet Midwest AWAS John Hancock Leasing Khors Aircompany US Aviation GA Telesis Volito Aviation Services AP Finance Boeing Capital HNB Investment Terra Brains Alitalia IAL Alaska I Corp AP Finance AP Financing Credit Foncier de France GS/MC Leasing Holdings (MD82) GA Telesis Key Equipment Finance Manufacturers Hanover Leasing International SVMF 37 GA Telesis SAS Manufacturers Hanover Leasing International Wind Rose Aviationy Undisclosed Bank / Broker / Lessor City National Bank
Amur Finance 1 Kish Air Skyward International Aviation Skywest Airlines (Australia) Undisclosed Bank / Broker / Lessor Unical Aviation Unical Aviation Unical Aviation Nordic Global Airlines FedEx Nordic Global Airlines Unical Aviation EirTrade Aviation Ireland M48435 Airline Support Sweden
L & E Sweden /Advantage Aviation Services Sweden
Stewart Industries International US Aviation GA Telesis Jet Midwest Zagros Airlines Tango Airways Undisclosed Bank / Broker / Lessor Undisclosed Bank / Broker / Lessor Zagros Airlines American Airlines GA Telesis SAS Aircraft & Engine Support City National Bank Zagros Airlines Zagros Airlines Citigroup Financial Products Air Capital Group Aviation Leasing Jet Midwest Bank of America Air Capital Group Aviation Leasing Delta Air Lines GA Telesis Maxavia GA Telesis SVMF 37 B & C Aero Investments
Deal structure
Purchase Purchase - Lease Attached Purchase Purchase Purchase Purchase Loan/Finance/Refinanced Purchase Purchase Purchase Purchase Purchase Purchase Purchase Purchase Purchase Purchase Purchase Purchase Purchase Purchase Purchase Loan/Finance/Refinanced Purchase - Lease Attached Purchase Purchase Purchase Purchase Purchase Purchase Purchase - Lease Attached Purchase - Lease Attached Purchase Purchase Purchase Purchase Loan/Finance/Refinanced Purchase Purchase Purchase Loan/Finance/Refinanced Loan/Finance/Refinanced Purchase Purchase Purchase Loan/Finance/Refinanced Purchase Loan/Finance/Refinanced Purchase Purchase Purchase Purchase Loan/Finance/Refinanced Purchase Loan/Finance/Refinanced Loan/Finance/Refinanced Purchase
Arrangers
Citadel Securities
Debt provider
Equity providers
Buyer
GA Telesis GA Telesis Air Capital Group Air Capital Group LASER SAS
Seller
HNB Investment Citigroup Financial Products Undisclosed Bank / Broker / Lessor
US Bancorp Equipment Finance | Algemene Bank Netherland
Aviation Leasing MC Aviation Partners/Mitsubishi Gryphon Airlines MC Aviation Partners/Mitsubishi Global Air Avcorp 115 AWAS Khors Aircompany Jet Midwest GA Telesis AIRPT 2001-1 ABS Portfolio J.T.R. Company AFT 1999-1 ABS Portfolio Finaircraft Viking Airlines AWAS Finaircraft EAST 2000-1 ABS Portfolio J.T.R. Company Khors Aircompany AIRPT 2001-1 ABS Portfolio GECAS Air Capital Group AWAS Undisclosed Bank / Broker / Lessor World Atlantic Airlines Leasing J.T.R. Company GECAS J.T.R. Company Airtex Enterprises J.T.R. Company Jet Midwest Khors Aircompany
Amur Finance 1 Jet Midwest SAS Caspian Airlines Austral GA Telesis Zagros Airlines DANA Air Undisclosed Bank / Broker / Lessor Pennant Aviation Caspian Airlines Jetran International Khors Aircompany Khors Aircompany Jet Midwest Khors Aircompany Grand Bank of Texas Undisclosed Bank / Broker / Lessor ATA Air Caspian Airlines Jetran International Jetran International MSN 53470 Undisclosed Bank / Broker / Lessor Air Capital Group MSN 53052 ATA Air American Airlines ATA Air Bravo Airways Amur Finance 1 ATA Air Swift Aircargo Zagros Airlines Astrail Aviation One Corsair Two SAS Strategic Air Finance Strategic Air Finance Corsair Two Delta Air Lines Kam Air Strategic Air Finance Allegiant Air Strategic Air Finance Tiger Aircraft Trading SAS SAS Strategic Air Finance SAS Allegiant Air SAS GECAS
Deal structure
Purchase Purchase Loan/Finance/Refinanced Loan/Finance/Refinanced Purchase Loan/Finance/Refinanced Purchase Purchase Loan/Finance/Refinanced Loan/Finance/Refinanced Purchase Loan/Finance/Refinanced Loan/Finance/Refinanced Purchase - Lease Attached Purchase Operating Lease - Sale and Lease Back Operating Lease - Sale and Lease Back Purchase Operating Lease - Sale and Lease Back Operating Lease - Sale and Lease Back Purchase Purchase Purchase Operating Lease - Sale and Lease Back Purchase Purchase ECA / EXIM Finance Lease Loan/Finance/Refinanced Loan/Finance/Refinanced Purchase Purchase Purchase Loan/Finance/Refinanced Operating Lease - Sale and Lease Back Purchase Purchase Purchase Finance Lease Purchase ECA / EXIM
Arrangers
Natixis
NOTE: Aircraft finance deals announced during 2012 with analysis by customer, financier and aircraft type. The aircraft transaction information contained in this section includes new and second-hand deals. SOURCE: Aviation Exchange (www.ascendworldwide.com/aviationexchange)
78 | Flightglobal Insight | Aircraft Finance 2013
Debt provider
Equity providers
Buyer
Jet Tech International Taban Air
Seller
BBAM Bukovyna Airlines
Pacific Western Bank Fossco Pacific Western Bank Air Capital Group Taban Air BBAM Bukovyna Airlines Dynamic Aviation Group
AerSale US Bank BTV Leasing Schweiz SAS Nordic Aviation Capital Nordic Aviation Capital AMRA Leasing Nordic Aviation Capital Regional Equipment Trust 3 Points Aviation Magellan Group Walker Aviation Leasing Regional Equipment Trust Bombardier Regional Equipment Trust Export Development Canada ElleGe Export Development Canada Export Development Canada AMRA Leasing AMRA Leasing Undisclosed Bank / Broker / Lessor NordLB Nordic Aviation Capital Bombardier Bombardier L-3 Communications Advanced Aviation ElleGe VEB-Leasing Vnesheconombank
Centaurium Aviation AG Sumitomo Mitsui Finance & Leasing Eurolot Olympic Air Alliance & Leicester Olympic Air Colgan Air SAS Walker Aviation Leasing German Operating Aircraft Leasing (GOAL) Colgan Air Magellan Group Colgan Air
Lloyds Bank Walker Aviation Leasing SAS Eurolot Horizon Air AMRA Leasing Bombardier Luxair
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