Showing posts with label eca. Show all posts
Showing posts with label eca. Show all posts

Thursday, April 28, 2011

KAL evaluating finance proposals

JANE’S ARTICLE - April 27, 2011 - PAID SUBSCRIPTION REQUIRED FOR FULL ACCESS
South Korean flag carrier Korean Air (KAL) said it was evaluating proposals for the financing of an A380 delivering in mid-May - one of five the carrier has on order. KAL will be financing the A380 with......

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Tuesday, April 26, 2011

Citi wins Oman Air mandate

JANE’S ARTICLE - APRIL 26, 2011 - PAID SUBSCRIPTION REQUIRED FOR FULL ACCESS
Oman Air has mandated Citi to finance another A330-200 aircraft, backed by export credit agency (ECA) support. Oman Air will mandate a bank for each aircraft three months before the......

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AerCap mandates ECA finance

JANE’S ARTICLE - APRIL 26, 2011 - PAID SUBSCRIPTION REQUIRED FOR FULL ACCESS
Citi has confirmed a mandate from Amsterdam-based lessor AirCap Holdings for a fourth export credit agency (ECA)-supported financing for a single A330-300 aircraft. The three-aircraft deal marked Citi's first ECA financing for AerCap. As previously reported by Jane's , AerCap financed two......

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Wednesday, April 20, 2011

2011 ASU : QUARTERLY UPDATE OF MRS AND RESULTING MPR – Q1/ 2011 (.pdf)

Market Reflective Surcharge (MRS) and resulting Minimum Premium Rates (MPRs) have been updated. These updated MPRs replace Table 5 of Appendix II of the Aircraft Sector Understanding (2011 ASU) and are applicable as of......

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2007 ASU: ANNUAL RESET OF MPR FOR CAT 2 AND 3 AIRCRAFT (.pdf)

Minimum Premium Rates (MPRs) for Category 2 and 3 Aircraft have been reset. These reset MPRs replace Table 2 a) and Table 2 b) of Appendix III of the Aircraft Sector Understanding (2007 ASU) and are applicable as of......

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Thursday, April 14, 2011

Qantas ECA finances A380

AIRFINANCE JOURNAL ARTICLE – PAID SUBSCRIPTION REQUIRED FOR FULL ACCESS
Qantas has closed financing for one A380 with export credit agency (ECA) support. Credit Agricole-CIB is sole......

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Wednesday, April 6, 2011

Commercial Interest Reference Rates (CIRR) for civil aircraft (.pdf)

The Arrangement on Officially Supported Export Credits (the “Arrangement”) stipulates that minimum interest rates shall apply to official financing support for export credits. Such minimum interest rates are the relevant Commercial Interest Reference Rates (CIRRs), which have been established for each currency of the Participants to the Arrangement and which are set on the 15th of each month.

Please click on the title of this post to review the Prevailing Commercial Interest Reference Rates (ASU CIRR) for civil aircraft.

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Monday, April 4, 2011

Aer Lingus mandates CA-CIB

AIRFINANCE JOURNAL ARTICLE – PAID SUBSCRIPTION REQUIRED FOR FULL ACCESS
Aer Lingus has mandated Credit Agricole-CIB (CA-CIB) to finance four Airbus A320-200s using......

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Friday, March 25, 2011

China Southern mandates CA-CIB

JANE’S ARTICLE PAID SUBSCRIPTION REQUIRED FOR FULL ACCESS
CA-CIB has been mandated by China Southern Airlines to arrange the financing for one A330-200 and one A320-200 aircraft to be delivered from August. The financing is structured as an export credit agency (ECA- transaction combined with a French structured lease. The ECA and commercial debt portions of the financing were arranged by......

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Sunday, March 20, 2011

Russia passes Accession Law to accede to Cape Town Convention

Russia is expected to accede to the Cape Town Convention later this year, following its recent enactment of an Accession Law. Russia’s accession to the Cape Town Convention will be good news for international creditors and financiers. The Accession Law can, however, be seen as a missed opportunity to improve access to......

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Thursday, March 17, 2011

China Eastern gets ECA financing

AIRFINANCE JOURNAL ARTICLE – PAID SUBSCRIPTION REQUIRED FOR FULL ACCESS
China Eastern Airlines has mandated HSBC for an export credit agency facility (ECA) covering four aircraft: three A320s and one......

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Tuesday, March 15, 2011

AerCap mandates Citi - again

JANE’S ARTICLE - 15/02/11 - PAID SUBSCRIPTION REQUIRED FOR FULL ACCESS
Citi has been authorised to arrange financing for a fourth A330-300 aircraft by Amsterdam-based lessor AerCap Holdings. This follows a previous mandate awarded to Citi for the export credit agency (ECA)-backed financing of......

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Monday, March 7, 2011

2010 Deal of the Year: Regional

AIRFINANCE JOURNAL ARTICLE – PAID SUBSCRIPTION REQUIRED FOR FULL ACCESS
Investec took on a big challenge when it attempted to convince the export credit agencies (ECAs) to deviate from their standard lending policies. Getting the ECAs, France’s Coface and Italy’s Sace comfortable with a new structure while simultaneously achieving the......

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Wednesday, March 2, 2011

Is Emirates Smart Or Lucky

During the years in which Emirates has grown from an important regional carrier to a worldwide powerhouse, rivals have often claimed—with modest proof—that the airline merely has benefited from a range of special privileges and circumstances. Soon the accusers will have the opportunity to test their hypothesis as one of those supposed perks—cheap export financing for aircraft—goes by the wayside. And judging from Emirates’ reaction, this perk, like most of the others, appears to count for less than meets the eye.

“Export credit agency (ECA) financing accounts for only about......

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Friday, February 11, 2011

Vietnam Airlines mandates banks for ECA financing

AIRFINANCE JOURNAL ARTICLE – PAID SUBSCRIPTION REQUIRED FOR FULL ACCESS
Vietnam Airlines has mandated HSBC and Citi for the export......

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Wednesday, February 9, 2011

Aer Lingus closes ECA finance

JANE’S ARTICLE PAID SUBSCRIPTION REQUIRED FOR FULL ACCESS
As previously reported by Jane's , Aer Lingus closed the ECA-supported financing of one A330-300 on 7 April 2010. Jane's also reported that Aer Lingus closed ECA-supported financing of another A330-300 on 12 June 2009, with CA-CIB acting as sole arranger and underwriter. In March 2008, Calyon (now CA-CIB) completed the syndication of a......

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Wednesday, February 2, 2011

Lion Air issues mandate for 737s

JANE’S ARTICLE - 02/02/2011 - PAID SUBSCRIPTION REQUIRED FOR FULL ACCESS
Indonesia's Lion Air has a mandate in the market for the US Eximbank-supported financing of about 25 B-737-900ER aircraft, according to industry sources. A mandate by Lion Air to finance 12 B-737-900ERs was reported in November 2010 by Jane's , which had previously reported the carrier taking delivery on 2 July 2010 of two B-737-900ER aircraft. Financing was provided by......

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Tuesday, February 1, 2011

The history of export credit

AIRFINANCE JOURNAL ARTICLE – PAID SUBSCRIPTION REQUIRED FOR FULL ACCESS
To understand the changes to export credit in the new Aircraft Sector Understanding (Nasu), it is important to understand the evolution of export credit over the past few decades. Historically export credit finance was available to operators that......

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The new ASU: what to expect

AIRFINANCE JOURNAL ARTICLE – PAID SUBSCRIPTION REQUIRED FOR FULL ACCESS
The new Aircraft Sector Understanding (Nasu) is scheduled to enter into force at the beginning of February. The new terms are going to be stricter than the 2007 Aircraft Sector Understanding (Asu) in order to make export credit less attractive to eligible airlines with access to the commercial markets. After the final multilateral negotiations finished in January, the new agreement is supposed to take effect from February 1. Whereas the 2007 Asu had two different categories for different jet sizes, the 2011 Nasu will apply the same financing rules to all aircraft types manufactured in the OECD countries and Brazil. Other terms will include a maximum of......

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Friday, January 28, 2011

Crowded market for new deliveries, bankers say

AIRFINANCE JOURNAL ARTICLE – PAID SUBSCRIPTION REQUIRED FOR FULL ACCESS
As new rules on export credit financing come into effect next month, lenders at the Dublin Airfinance Conference welcome higher ECA pricing. However, bankers told delegates that the market for new deliveries is overcrowded, while the secondary market still lacks support. For new entrants like the A320neo, pricing will be higher. “I’m not sure we need more players in this space (new deliveries), because it means less profits for......

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