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AircrAft finAnce 2013 | Flightglobal Insight | 3
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AircrAft finAnce 2013 | Flightglobal Insight | 3
AircrAft finAnce 2013
forewordWelcome to Flightglobal Insight’s 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 Airbus’s output rose by 10% in 2012 to a record 588 deliveries, its US rival surpassed the European airframer’s tally by 13 aircraft. Boeing’s total of 601 deliveries represents the manufacturer’s 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 single-aisle aircraft last year, representing 88% of total deliveries. In comparison, the 737 represented 69% of Boeing’s 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 Capital’s 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 Ex-Im 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
4 | Flightglobal Insight | AircrAft finAnce 2013 AircrAft finAnce 2013 | Flightglobal Insight | 5
flIghtglobal fInanceolIvIer bonnassIes: edItor
flIghtglobal InsIghtantoIne FaFard: manager
flIghtglobal data researchsteven PhIPPs: flIghtglobal ascend
Cover photo: WestEnd61/Rex Features
been extracted from the Flightglobal reports and Ascend’s 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.
FiNaNce iNteRactiVeAirline 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 Boeing’s Kostya Zolotusky; Bertrand Grabowski and Bert van Leeuwen of DVB Bank and analysts Rob Morris and Paul Sheridan from Flightglobal’s 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.
Download the Airline Business finance interactive at:flightglobal.com/ifinance13
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aiRcRaFt FiNaNce 2013
Fleet Watch: 2012
Commercial aviation continues to grow 6
leasInG oUtlooK
Top 10 lessors by fleet value 9
Top 50 lessors and management companies by fleet value 10
Top 50 lessors and management companies by fleet size 11
Top 50 leasing survey 12
Finding the funds 13
MarKet oUtlooK
What appraisers expect in 2013 15
deals database 2012
By customer 19
cONteNt
to fInd out more about flIghtglobal InsIght and report sponsorshIp opportunItIes, contact:
Flightglobal InsightQuadrant House, The Quadrant Sutton, Surrey, SM2 5AS, UKTel: + 44 208 652 8724Email: [email protected]: www.flightglobal.com/insight
doWnload an extended electronIc versIon oF thIs rePort at WWW.FlIGhtGlobal.coM/InsIGht
Insight
aiRcRaFt FiNaNce 2013
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The year 2012 was another strong year for commercial aviation as a record number of aircraft were delivered and order backlog reached an all-time high at the end of the year.
Net orders in 2012
The 2,582 net orders for 2012 represent a decrease of 11% on the previous year. Apart from the regional jet market, each market group received fewer orders.
Boeing emerged as the leader in the 2012 commercial order battle with 1,191 net orders, their strongest year se the all-time high of 2007. Airbus totalled 833 net orders, a decrease of 43% on the previous year. Bombardier received 35 orders for the CSeries and 120 for their range of regional aircraft, while Comac took in 115 orders for the C919. Mitsubishi Regional Jet recorded an order of 100 MRJ90s, which are scheduled to be delivered from 2017. Embraer and Irkut received 56 and 35 net orders respectively in 2012.
Narrowbody net orders decreased by 11% on the previous year with a total of 2,034 in 2012. Boeing lead with 1,112
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.
Indonesia’s 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.
Fleet watch: 2012commercial aviation continues to grow
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Source: Ascend Online Fleets (February 2013)
0
500
1,000
1,500
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Narrowbody Jet
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Turboprop
2012201120102009200820072006200520042003
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Turboprop
AIRLINER MARKET 10-YEAR VIEW - NET ORDERSaIrlIner market 10-year vIew - net orders
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aiRcRaFt FiNaNce 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.
From an operator region perspective, 44% of the commercial aircraft delivered in 2012 were for operators based in Asia-Pacific followed by Europe with 23%.
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
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300
600
900
1,200
1,500
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2012201120102009200820072006200520042003
Source: Ascend Online Fleets (February 2013)
Narrowbody Jet
Widebody Jet
Regional Jet
Turboprop
AIRLINER MARKET 10-YEAR VIEW - DELIVERIESaIrlIner market 10-year vIew - delIverIes
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2012201120102009200820072006200520042003
Source: Ascend Online Fleets (February 2013)
Narrowbody Jet
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Regional Jet
Turboprop
AIRLINER MARKET 10-YEAR VIEW - BACKLOGaIrlIner market 10-year vIew - backlog
doWnload an extended electronIc versIon oF thIs rePort InclUdInG the
deals by aIrcraFt tyPe atWWW.FlIGhtGlobal.coM/InsIGht
aiRcRaFt FiNaNce 2013
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NOTES: Figures extracted from Ascend Online Fleets from Flightglobal (February 2013). Regional split based on operator location (when available).
Read the monthly FleetWatch summaries at:www.flightglobal.com/fleetwatch
Regional overview for commercial aircraft in 2012
NORTH AMERICA
europe
SOuTH AMERICA
ASIA-pACIFIC
AFRICA
MIDDlE EAST
2012 net orders: 6702012 deliveries: 167Backlog (31 Dec): 2,678
2012 net orders: 2702012 deliveries: 147Backlog (31 Dec): 846
2012 net orders: 4712012 deliveries: 319Backlog (31 Dec): 1,918
2012 net orders: 42012 deliveries: 102Backlog (31 Dec): 873
2012 net orders: 9592012 deliveries: 617Backlog (31 Dec): 3,9552012 net orders: 18
2012 deliveries: 48Backlog (31 Dec): 188
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leasiNg OutlOOktop 10 lessors by fleet value
Extracts from:
Gecas $34.1bn -1.4%
aviation capital Group $5.6bn 16.7%
air lease $5.6bn 59.7%
sMbc aviation capital $5.9bn -11.6%
aWas $6.1bn 18.6%
cIt aerospace $7.2bn -4.2%
boc aviation $7.3bn 7.9%
aercap $7.7bn -8.8%
bbaM $8.7bn 9.8%
IlFc $26.1bn -6.0%
TOp FlIGHTGECAS 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 RISERSAir 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 SHIFTAircraft 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 pROMISEChina 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 DEAlSA 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.
1,635Lessors’ 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
$181bnThe 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
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top 50 lessors and management companIes by fleet value
rank total fleet value total average value managed only2012 (2011) company $m change fleet $m change $m share1 (1) Gecas 34,096 -1.4% 1,742 19.6 -0.7% 1,162 3.4%2 (2) IlFc 26,123 -6.0% 1,033 25.3 -6.2% 946 3.6%3 (4) bbaM 8,622 9.8% 332 26.0 8.2% 7,602 88.2%4 (3) aercap 7,707 -8.8% 297 25.9 0.2% 1,937 25.1%5 (6) boc aviation 7,276 7.9% 198 36.7 -2.4% 702 9.6%6 (5) cIt aerospace 7,179 -4.2% 268 26.8 -6.0% 68 0.9%7 (8) aWas 6,131 18.6% 244 25.1 8.9% 116 1.9%8 (7) sMbc aviation capital 5,913 -11.6% 232 25.5 -6.3% 0 0.0%9 (12) air lease corporation 5,618 59.7% 151 37.2 2.6% 0 0.0%10 (9) aviation capital Group 5,582 16.7% 270 20.7 5.9% 170 3.0%11 (13) doric 4,046 35.6% 35 115.6 4.6% 4,046 100.0%12 (14) cdb leasing 3,795 32.1% 91 41.7 1.6% 0 0.0%13 (10) aircastle advisor 3,769 1.1% 158 23.9 -10.4% 55 1.4%14 (16) Mc aviation Partners 3,529 25.0% 110 32.1 -1.1% 788 22.3%15 (23) avolon aerospace lsg 3,414 61.3% 89 38.4 -5.8% 0 0.0%16 (18) Pembroke Group 3,395 33.8% 97 35.0 3.4% 145 4.3%17 (11) Macquarie airFinance 3,179 -12.2% 149 21.3 -8.1% 350 11.0%18 (17) Icbc leasing co 3,174 21.5% 82 38.7 -6.7% 124 3.9%19 (21) Jackson square aviation 2,762 25.2% 65 42.5 -11.4% 0 0.0%20 (15) sumisho acft asset Mgt 2,621 -8.5% 86 30.5 -5.3% 989 37.8%21 (25) dae capital 2,528 23.1% 51 49.6 13.5% 0 0.0%22 (22) hong Kong avn capital 2,301 4.6% 73 31.5 -2.6% 1,688 73.4%23 (27) Guggenheim avn Partners 2,278 29.4% 66 34.5 0.0% 0 0.0%24 (28) orIx aviation 2,232 56.4% 120 18.6 14.7% 323 14.5%25 (19) boeing capital corp 2,135 -11.0% 236 9.0 -8.7% 185 8.6%26 (24) amentum capital 2,067 -1.6% 45 45.9 -3.8% 2,067 100.0%27 (20) Fly leasing 2,024 -8.4% 110 18.4 -9.2% 0 0.0%28 (26) alaFco 1,566 -18.8% 51 30.7 -4.4% 0 0.0%29 (31) nordic aviation capital 1,478 46.4% 174 8.5 26.2% 0 0.0%30 (82) changjiang lsg co 1,156 668.6% 50 23.1 -23.1% 0 0.0%31 (30) lease corporation Int'l 970 -7.8% 12 80.9 -0.1% 970 100.0%32 (29) skyWorks leasing 962 -21.8% 84 11.5 -8.8% 962 100.0%33 (43) santos dumont acft Mgmt 961 87.7% 25 38.5 20.1% 0 0.0%34 (46) veb-leasing Jsc 867 82.2% 41 21.1 -2.2% 0 0.0%35 (34) Jetscape 853 8.7% 43 19.8 6.2% 325 38.1%36 (58) novus aviation 786 157.8% 17 46.2 127.5% 515 65.6%37 (33) aircraft leasing & Mgmt 738 -7.4% 35 21.1 11.1% 738 100.0%38 (35) Investec Global acft Fund 676 2.0% 19 35.6 -8.8% 172 25.5%39 (32) Penerbangan Malaysia 666 -24.0% 37 18.0 -13.7% 0 0.0%40 (37) cargo aircraft Mgmt 645 3.2% 75 8.6 6.0% 13 2.0%41 (56) china aircraft lsg 607 94.6% 16 37.9 21.7% 0 0.0%42 (48) avIc International lsg 587 35.6% 33 17.8 2.7% 6 0.9%43 (38) banc of america lsg 540 -12.1% 36 15.0 0.1% 17 3.1%44 (40) dragon aviation lsg co 537 -8.8% 17 31.6 -8.8% 0 0.0%45 (36) volito avn services 509 -18.7% 36 14.1 8.3% 0 0.0%46 (39) Goal 502 -15.9% 33 15.2 4.5% 0 0.0%47 (116) bocom leasing 499 1248.4% 15 33.3 79.8% 0 0.0%48 (41) vtb-leasing 494 -14.5% 39 12.7 -16.7% 297 60.3%49 (45) aircraft Purchase Fleet 463 -4.0% 16 28.9 -10.0% 0 0.0%50 (54) aldus aviation 457 41.8% 21 21.7 8.0% 0 0.0%
total 181,015 6.1% 7,355 24.6 1.0% 27,477 15.2%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 Flightglobal’s 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.
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aiRcRaFt FiNaNce 2013
top 50 lessors and management companIes by fleet sIze
rank total fleet fleet by category value2012 (2011) company number change units +/- wide narrow rJ/prop fleet ($m) rank average ($m)1 (1) Gecas 1,742 -0.7% -13 194 1,102 446 34,096 1 19.62 (2) IlFc 1,033 0.2% +2 277 756 26,123 2 25.33 (3) bbaM 332 1.5% +5 33 297 2 8,622 3 26.04 (4) aercap 297 -8.9% -29 44 246 7 7,707 4 25.95 (7) aviation capital Group 270 10.2% +25 11 259 5,582 10 20.76 (5) cIt aerospace 268 1.9% +5 39 217 12 7,179 6 26.87 (9) aWas 244 8.9% +20 50 192 2 6,131 7 25.18 (8) boeing capital corp 236 -2.5% -6 18 209 9 2,135 25 9.09 (6) sMbc aviation capital 232 -5.7% -14 2 218 12 5,913 8 25.510 (10) boc aviation 198 10.6% +19 27 166 5 7,276 5 36.711 (12) nordic aviation capital 174 16.0% +24 12 162 1,478 29 8.512 (13) aircastle advisor 158 12.9% +18 60 96 2 3,769 13 23.913 (17) air lease corporation 151 55.7% +54 28 85 38 5,618 9 37.214 (11) Macquarie airFinance 149 -4.5% -7 12 133 4 3,179 17 21.315 (15) orIx aviation 120 36.4% +32 17 100 3 2,232 24 18.616 (20) Mc aviation Partners 110 26.4% +23 28 82 3,529 14 32.117 (16) Fly leasing 110 0.9% +1 6 104 2,024 27 18.418 (14) Falko 105 -16.7% -21 105 280 64 2.719 (22) avmax aircraft leasing 99 19.3% +16 99 327 61 3.320 (24) Pembroke Group 97 29.3% +22 15 82 3,395 16 35.021 (28) cdb leasing 91 30.0% +21 23 49 19 3,795 12 41.722 (29) avolon aerospace lsg 89 71.2% +37 7 76 6 3,414 15 38.423 (21) sumisho acft asset Mgt 86 -3.4% -3 6 77 3 2,621 20 30.524 (18) skyWorks leasing 84 -14.3% -14 17 46 21 962 32 11.525 (26) Icbc leasing co 82 30.2% +19 22 53 7 3,174 18 38.726 (23) cargo aircraft Mgmt 75 -2.6% -2 44 31 645 40 8.627 (27) hong Kong avn capital 73 7.4% +5 17 50 6 2,301 22 31.528 (33) Guggenheim avn Partners 66 29.4% +15 33 33 2,278 23 34.529 (25) sky holding 66 -8.3% -6 12 54 408 56 6.230 (34) Jackson square aviation 65 41.3% +19 6 59 2,762 19 42.530 (19) saab aircraft lsg 59 -46.8% -52 59 98 85 1.732 (40) aersale 54 42.1% +16 18 36 430 52 8.033 (48) ecc leasing co 54 50.0% +18 54 368 58 6.834 (32) apollo aviation Group 52 10.6% +5 16 33 3 427 53 8.234 (36) dae capital 51 8.5% +4 20 31 2,528 21 49.634 (30) alaFco 51 -15.0% -9 4 47 1,566 28 30.737 (38) changjiang lsg co 50 8.7% +4 32 18 1,156 30 23.137 (63) Ga telesis 48 92.0% +23 15 21 12 387 57 8.139 (31) aergo capital 47 4.4% +2 44 3 97 86 2.139 (37) amentum capital 45 2.3% +1 14 26 5 2,067 26 45.941 (42) Jetscape 43 2.4% +1 6 37 853 35 19.842 (71) veb-leasing Jsc 41 86.4% +19 19 12 10 867 34 21.143 (45) JetFleet Mgmt corp 40 5.3% +2 40 107 84 2.744 (39) World star aviation 40 -11.1% -5 2 38 92 89 2.345 (47) vtb-leasing 39 2.6% +1 14 23 2 494 49 12.745 (43) Penerbangan Malaysia 37 -11.9% -5 20 17 666 39 18.047 (44) banc of america lsg 36 -12.2% -5 8 20 8 540 43 15.048 (35) volito avn services 36 -25.0% -12 36 509 45 14.149 (50) Ilyushin Finance co 36 9.1% +3 7 20 9 62 101 1.750 (57) doric 35 29.6% +8 27 8 4,046 11 115.6
total 7,796 3.8% +286 1,232 5,334 1,230 176,316 22.6NOTES: Figures based on fleet data from Flightglobal’s 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
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top 50 leasing surveyOur annual review of the lessors provides a snapshot of the global fleet that they own and manage, compiled from flightglobal’s Ascend Online database as of December 2012
maInlIne aIrcraft: leased fleet
manufacturer/category type value ($m)
fleet av. value ($m)
airbus narrowbody a318 331 23 14.4a319 9,903 637 15.5a320 38,285 1,632 23.5a321 7,872 300 26.2
aIrbus narrowbody total 56,390 2,592 21.8airbus widebody a300 356 32 11.1
a310 115 21 5.5a330 23,279 395 58.9a340 2,568 100 25.7a380 3,047 18 169.3
aIrbus wIdebody total 29,365 566 51.9aIrbus total 85,756 3,158 27.2boeing narrowbody 717 1,049 128 8.2
727 16 24 0.7737 cFMI 2,549 756 3.4737 Jt8d 13 59 0.2737 nG 49,809 1,841 27.1757 2,994 293 10.2dc-8 43 28 1.5dc-9 1 6 0.1Md-80 293 177 1.7Md-90 60 12 5.0
boeIng narrowbody total 56,827 3,324 17.1boeing widebody 747 5,592 167 33.5
767 5,407 334 16.2777 24,193 271 89.3787 105 1 105.0dc-10 5 7 0.7Md-11 681 41 16.6
boeIng wIdebody total 35,983 821 43.8boeIng total 92,809 4,145 22.4maInlIne aIrcraft grand total 178,565 7,303 24.5
regIonal Jets: leased fleet
manufacturer type value ($m)
fleet av. value ($m)
bombardier crJ 1,030 285 3.6crJ700/900/1000 956 75 12.7
bombardIer total 1,986 360 5.5embraer e-170/175 1,440 80 18.0
e-190/195 5,128 205 25.0erJ-145 family 1,199 189 6.3
embraer total 7,766 474 16.4bae systems bae 146/avro rJ 234 76 3.1Fokker Fokker F.28/70/100 189 60 3.2others 279 34 8.2regIonal Jet grand total 10,454 1,004 10.4Notes: Embraer data ludes Harbin Chinese production; Others ludes Antonov An-148; Fairchild/Dornier 328Jet; Sukhoi Superjet 100; Mainline total covers Airbus and Boeing only. *BBAM excludes FLY Leasing, whose portfolio is managed by BBM. Source: Returns to annual leasing survey and Flightglobal’s Ascend Online database. Survey data covers all firms with an active operating lease business and a substantial investment in fleet and is not restricted to top 50 aircraft lessors as previously published.
narrowbody lessors by fleet value
rank company value ($m) fleet change1 Gecas 20,716 1,102 -212 IlFc 13,902 756 +63 bbaM 6,450 297 -14 sMbc aviation capital 5,647 218 -125 aviation capital Group 5,362 259 +256 aercap 5,161 246 -317 cIt aerospace 4,994 217 -18 boc aviation 4,660 166 +149 aWas 4,106 192 +2410 avolon aerospace leasing 2,690 76 +28
wIdebody lessors by fleet value
rank company value ($m) fleet change1 IlFc 12,222 277 -42 Gecas 9,504 194 +73 doric 3,867 27 +64 boc aviation 2,461 27 +25 aercap 2,442 44 +26 aircastle advisor 2,380 60 +67 air lease corporation 2,203 28 +118 bbaM 2,126 33 +49 aWas 2,018 50 -310 cIt aerospace 1,938 39 +0
regIonal aIrcraft lessors by fleet sIze
rank company value $m fleet Jets tprops change1 Gecas 3,876 446 418 28 -32 nordic aviation capital 1,442 162 5 157 +253 Falko 280 105 69 36 -284 avmax aircraft lsg 327 99 32 67 +145 saab aircraft leasing 98 59 0 59 -346 ecc leasing co 368 54 53 1 +177 JetFleet Management corp 107 40 7 33 -18 air lease corporation 1,008 38 30 8 +249 Jetscape 806 37 35 2 +410 erik thun ab 163 33 1 32 +1
turboprops: leased fleet
manufacturer type value ($m)
fleet av. value ($m)
atr atr 42 254 64 4.0atr 72 1,704 152 11.2
atr total 1,958 216 9.1bae systems atP/Jetstream 31/41 79 54 1.5bombardier twin otter/dash 8 1,778 219 8.1embraer eMb-120 17 13 1.3Fokker 50 84 48 1.7saab 340/2000 275 133 2.1others 173 68 2.5total 4,364 751 5.8maInlIne/regIonal grand total 193,383 9,058 21.3
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aiRcRaFt FiNaNce 2013
finding the fundsrecord production means that airlines’ delivery finance requirements will increase by 15% this year to $100 billion, with banking activity likely to grow significantly
The major airframers are set to deliver almost $100 billion worth of aircraft in 2013 as production rates in Airbus and Boeing’s plants surpass the record output of 1,190 units set last year.
According to projections based on data from the Flightglobal’s Ascend Online database, almost $96 billion worth of aircraft will be delivered by Airbus and Boeing this year (applying 2013 full-life base values). A further $3 billion worth of metal will be shipped by Bombardier and Embraer.
“We estimate that demand for finance is up by 15% this year over 2012,” says Flightglobal Ascend senior aviation analyst Rob Morris.
Airbus will again be shaded by its US rival, shipping $42 billion of assets, compared with $53 billion from Seattle. Airbus will earn more from single-aisles, delivering $24.7 billion worth of A320 family aircraft against $22.6 billion worth of 737s. But Toulouse looks set to be beaten fair and square in the more lucrative widebody market, delivering $17.7 billion worth of A330s and A380s against an impressive tally of $30.8 billion in 747s, 767s 777s and 787s by Boeing.
Well over two-fifths of the 2013 financing requirements will be from Asia-Pacific airlines, which will take $45 billion worth of airliners. “That’s 18% greater than last year,” Morris points out.
Europe accounts for around a fifth ($20 billion) of the delivery financing needs, while North American carriers will need to find almost $15 billion in financing this year. Morris says that the North American figure is around 40% greater than 2012.
Deliveries to Middle Eastern carriers will account for around $10 billion this year.
Morris expects that export credit agency (ECA) activity will be broadly the same as 2012: “We estimate around $24.5 billion worth of ECA financings, despite the potential increase in cost,” he says.
Bank activity is expected to grow significantly, with Asia Pacific driving much of that growth due to its greater funding requirements.
Capital market activity is set to increase by as much as 50%. This will be driven by the increased value of deliveries to North American airlines, Morris says.
“As for the assets, around 80% of deliveries will be types Ascend classes as ‘liquid’, and thus relatively easy to finance. That’s around the same ratio as last year and on this basis we expect finance will be found for the other 20%, as it was in 2012.”
2013 delIvery values by category and regIon
2013 delIvery values by aIrframer
AircrAft finAnce 2013 | Flightglobal Insight | 15
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AircrAft finAnce 2013 | Flightglobal Insight | 15
aiRcRaFt FiNaNce 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 Group’s 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 737-700s 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 don’t 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 today’s 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.”
maRket OutlOOkwhat appraisers expect in 2013
aiRcRaFt FiNaNce 2013
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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
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 wouldn’t 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 out-of-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.”
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aiRcRaFt FiNaNce 2013
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 ‘lessor-lessor’ 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&E’s 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 don’t 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.”
AircrAft finAnce 2013 | Flightglobal Insight | 19
aiRcRaFt FiNaNce 2013
aIrlIner fInance deals announced In 2008 wIth analysIs by operator/lessor
deals database 2012by customeraIrcraft fInance deals announced In 2012
customer country Month number ofaircraft
aircraft model enginetype
deal structure
1time airline South Africa Feb 1 MD-87 JT8D Loan/Finance/Refinanced
aercap Netherlands Jun 1 A320-200 CFM56 Loan/Finance/Refinanced
aercap Netherlands Aug 2 737-800 CFM56 Loan/Finance/Refinanced
aercap Netherlands Oct 1 A330-300 Trent ECA / EXIM
aercap Netherlands Oct 5 737-800 CFM56 Loan/Finance/Refinanced
aercap Netherlands Dec 10 737-800 CFM56 Pre Delivery Payment
aero capital solutions USA Jan 1 737-500 CFM56 Loan/Finance/Refinanced
aero capital solutions USA Mar 1 737-500 CFM56 Loan/Finance/Refinanced
aeroflot russian airlines Russia Jul 2 A330-300 Trent ECA / EXIM
aeroflot russian airlines Russia Aug 3 A330-300 Trent ECA / EXIM
aeromexico Mexico May 3 737-800 CFM56 ECA / EXIM
aerovision aircraft services USA Aug 10 ERJ-145 AE 3007 Loan/Finance/Refinanced
aersale USA Jan 2 737-300 CFM56 Loan/Finance/Refinanced
aersale USA Jan 6 747-400 CF6 Loan/Finance/Refinanced
aersale USA Mar 9 MD-90 V2500 Loan/Finance/Refinanced
aersale USA May 1 737-400 CFM56 Loan/Finance/Refinanced
aersale USA Oct 1 747-400 PW4000 Loan/Finance/Refinanced
aersale USA Nov 1 747-400 Combi CF6 Loan/Finance/Refinanced
aersale USA Dec 2 737-400 CFM56 Loan/Finance/Refinancedaersale USA Dec 1 737-400 CFM56 Loan/Finance/Refinanced
aersale USA Dec 1 747-400 PW4000 Loan/Finance/Refinanced
aersale USA Dec 1 767-300ER RB211 Loan/Finance/Refinanced
aersale USA Dec 1 MD-90 V2500 Loan/Finance/Refinanced
african holding co of america USA Dec 1 A320-200 CFM56 Loan/Finance/Refinanced
air arabia UAE Apr 2 A320-200 CFM56 Loan/Finance/Refinanced
air arabia UAE May 2 A320-200 CFM56 ECA / EXIM
air arabia UAE Jun 4 A320-200 CFM56 ECA / EXIM
air arabia UAE Jun 2 A320-200 CFM56 Finance Lease
air astana Kazakhstan Oct 2 190 CF34 ECA / EXIM
air astana Kazakhstan Nov 2 A321-200 V2500 ECA / EXIM
air capital Group USA Sep 1 MD-82 JT8D Loan/Finance/Refinanced
air china China Jan 1 A320-200 CFM56 Tax Lease| Loan/Finance/Refinanced
air china China Jan 1 A330-200 Trent Loan/Finance/Refinanced| Tax Lease
air china China Feb 6 A321-200 V2500 Tax Lease| ECA / EXIM
air china China Mar 4 A320-200 CFM56 ECA / EXIM
air china China Mar 1 737-800 CFM56 Loan/Finance/Refinanced
air china China Mar 1 777-300ER GE90 Loan/Finance/Refinanced
air china China May 1 A320-200 CFM56 Tax Lease
air china China May 1 A320-200 V2500 Tax Lease
air china China May 1 777-300ER GE90 Capital Markets
air china China Jul 2 777-300ER GE90 Capital Markets
air china China Aug 2 777-300ER GE90 Capital Markets
air china China Sep 1 737-800 CFM56 Loan/Finance/Refinanced
air France France Jan 1 A318-100 CFM56 Tax Lease
air France France Jan 1 A380-800 GP7200 Loan/Finance/Refinanced
air France France Mar 1 777-300ER GE90 Tax Lease
aiRcRaFt FiNaNce 2013
20 | Flightglobal Insight | AircrAft finAnce 2013 AircrAft finAnce 2013 | Flightglobal Insight | 21
aIrcraft fInance deals announced In 2012
customer country Month number ofaircraft
aircraft model enginetype
deal structure
air France France Apr 1 A380-800 GP7200 ECA / EXIM| Tax Lease
air France France Apr 1 A380-800 GP7200 ECA / EXIM| Tax Lease
air France France Nov 1 A318-100 CFM56 Tax Lease
air France France Nov 1 A319-100 CFM56 Tax Lease
air France France Nov 1 777-300ER GE90 Tax Lease
air India India Apr 2 787-8 GEnx Loan/Finance/Refinanced
air India India Oct 1 787-8 GEnx Loan/Finance/Refinanced
air new Zealand New Zealand Jul 4 ATR 72-600 PW100 Tax Lease
air new Zealand New Zealand Dec 3 A320-200 V2500 Tax Lease
air tahiti French Polynesia Jun 2 ATR 42-600 PW100 Tax Lease
airasia Malaysia Jun 1 A320-200 CFM56 Loan/Finance/Refinanced
airasia Malaysia Jul 2 A320-200 CFM56 Finance Lease
airasia Malaysia Sep 1 A320-200 CFM56 Loan/Finance/Refinanced
airbridgecargo Russia Jan 5 747-8F GEnx Finance Lease
aircastle advisor USA Apr 1 A330-200 Trent ECA / EXIM
airlinair France Apr 1 ATR 72-500 PW100 Finance Lease
airlink - sa airlink South Africa Aug 3 ERJ-135 AE 3007 Loan/Finance/Refinanced
alaska airlines USA Sep 2 737-400 CFM56 Loan/Finance/Refinanced
all nippon airways Japan Feb 1 767-300ER CF6 Finance Lease
all nippon airways Japan Jul 1 777-200ER PW4000 Tax Lease
all nippon airways Japan Oct 1 777-200ER PW4000 Finance Lease
allegiant air USA Jan 1 MD-87 JT8D Loan/Finance/Refinanced
allegiant air USA Jan 2 MD-88 JT8D Loan/Finance/Refinanced
allegiant air USA Jun 2 757-200 RB211 Loan/Finance/Refinanced
allegiant air USA Jun 2 MD-87 JT8D Loan/Finance/Refinanced
allegiant air USA Jul 2 MD-87 JT8D Loan/Finance/Refinanced
allegiant air USA Oct 2 MD-87 JT8D Loan/Finance/Refinanced
american airlines USA Oct 8 737-800 CFM56 Loan/Finance/Refinanced
american airlines USA Oct 2 777-200 Trent Loan/Finance/Refinanced
aMra leasing Ireland Sep 1 Q400 PW100 Loan/Finance/Refinanced
apollo aviation Group USA Sep 1 757-200 PW2000 Loan/Finance/Refinanced
archway aviation UK Dec 2 A319-100 V2500 Loan/Finance/Refinanced
archway aviation UK Dec 2 A321-200 V2500 Loan/Finance/Refinanced
asiana airlines South Korea Jun 1 777-200ER PW4000 ECA / EXIM
asl aviation Group Ireland Aug 3 737-800 CFM56 Loan/Finance/Refinanced
atlas air USA Jan 6 747-8F GEnx ECA / EXIM
atlas air USA Mar 2 747-400ER CF6 Loan/Finance/Refinanced
atlas air USA Mar 3 767-300ER CF6 Loan/Finance/Refinanced
atlas air USA Jun 1 747-8F GEnx Capital Markets
atlas air USA Jul 1 747-8F GEnx Capital Markets
atlas air USA Oct 1 747-8F GEnx Capital Markets
atlas air USA Dec 1 747-8F GEnx Capital Markets
avianca Colombia Apr 1 A319-100 CFM56 ECA / EXIM
avianca Colombia Nov 2 A320-200 CFM56 ECA / EXIM
avianca Colombia Nov 1 A330-200F Trent ECA / EXIM
avianca| taca International airlines Aug 4 A320-200 TBC Pre Delivery Payment
aviation capital Group USA May 3 737-800 CFM56 Capital Markets
aviation capital Group USA May 6 737-800 CFM56 ECA / EXIM
aviation capital Group USA Jun 1 A320-200 V2500 Loan/Finance/Refinanced
aviation technologies USA Mar 1 737-400 CFM56 Loan/Finance/Refinanced
avIc International leasing China Jul 2 CRJ900 CF34 ECA / EXIM
avmax aircraft leasing Canada Feb 2 Dash 8-100 PW100 Loan/Finance/Refinanced
avmax aircraft leasing Canada May 2 Dash 8-200 PW100 Loan/Finance/Refinanced
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aiRcRaFt FiNaNce 2013
aIrcraft fInance deals announced In 2012
customer country Month number ofaircraft
aircraft model enginetype
deal structure
avolon aerospace leasing Ireland Jan 1 A320-200 CFM56 Loan/Finance/Refinanced
avolon aerospace leasing Ireland Jan 1 A320-200 V2500 Loan/Finance/Refinanced
avolon aerospace leasing Ireland Feb 1 A320-200 CFM56 ECA / EXIM
avolon aerospace leasing Ireland Feb 3 A320-200 V2500 ECA / EXIM
avolon aerospace leasing Ireland Feb 1 A330-200 Trent ECA / EXIM
avolon aerospace leasing Ireland Feb 4 737-800 CFM56 ECA / EXIM
avolon aerospace leasing Ireland Mar 2 190 CF34 Loan/Finance/Refinanced
avolon aerospace leasing Ireland Apr 1 A320-200 CFM56 Loan/Finance/Refinanced
avolon aerospace leasing Ireland Apr 1 A320-200 V2500 Loan/Finance/Refinanced
avolon aerospace leasing Ireland May 2 737-800 CFM56 Loan/Finance/Refinanced
avolon aerospace leasing Ireland Jun 2 A320-200 V2500 Loan/Finance/Refinanced
avolon aerospace leasing Ireland Jul 1 A321-200 V2500 Loan/Finance/Refinanced
avolon aerospace leasing Ireland Sep 1 A321-200 V2500 Loan/Finance/Refinanced
avolon aerospace leasing Ireland Oct 1 777-300ER GE90 Loan/Finance/Refinanced
avolon aerospace leasing Ireland Dec 3 737-800 CFM56 Loan/Finance/Refinanced
aWas Ireland Jan 1 737-800 CFM56 Loan/Finance/Refinanced
aWas Ireland Feb 2 A319-100 V2500 Loan/Finance/Refinanced
aWas Ireland Feb 2 A320-200 CFM56 ECA / EXIM| Tax Lease
aWas Ireland Feb 1 A320-200 CFM56 Loan/Finance/Refinanced
aWas Ireland Feb 5 A320-200 TBC Loan/Finance/Refinanced
aWas Ireland Feb 3 A320-200 V2500 ECA / EXIM| Tax Lease
aWas Ireland Feb 1 A321-200 V2500 ECA / EXIM| Tax Lease
aWas Ireland Feb 5 737-800 CFM56 Loan/Finance/Refinanced
aWas Ireland Mar 7 A320-200 TBC Pre Delivery Payment
aWas Ireland Apr 1 A320-200 CFM56 Loan/Finance/Refinanced
aWas Ireland Apr 1 737-700 CFM56 Loan/Finance/Refinanced
aWas Ireland Jun 1 A320-200 CFM56 Capital Markets
aWas Ireland Jun 1 A320-200 CFM56 Loan/Finance/Refinanced
aWas Ireland Jun 8 A320-200 TBC ECA / EXIM
aWas Ireland Jun 20 A320-200 TBC Pre Delivery Payment
aWas Ireland Jun 1 A320-200 V2500 Capital Markets
aWas Ireland Jun 1 737-800 CFM56 Capital Markets
aWas Ireland Jun 3 737-800 CFM56 ECA / EXIM
aWas Ireland Sep 1 A320-200 CFM56 Loan/Finance/Refinanced
aWas Ireland Sep 1 737-800 CFM56 ECA / EXIM
aWas Ireland Sep 2 737-800 CFM56 Loan/Finance/Refinanced
aWas Ireland Oct 1 A330-200 CF6 Loan/Finance/Refinanced
aWas Ireland Oct 1 737-800 CFM56 Loan/Finance/Refinanced
aWas Ireland Nov 2 A320-200 TBC ECA / EXIM
aWas Ireland Nov 1 A320-200 V2500 ECA / EXIM
aWas Ireland Nov 2 737-800 CFM56 Loan/Finance/Refinanced
aWas Ireland Dec 3 737-800 CFM56 Loan/Finance/Refinanced
aWas Ireland Dec 5 737-800 CFM56 Pre Delivery Payment
boc aviation Singapore Jan 1 737-700 CFM56 Loan/Finance/Refinanced
boc aviation Singapore Mar 1 A320-200 V2500 Loan/Finance/Refinanced
boc aviation Singapore Mar 2 737-700 CFM56 Loan/Finance/Refinanced
boc aviation Singapore Apr 2 A320-200 CFM56 Loan/Finance/Refinanced
boc aviation Singapore Apr 3 A320-200 V2500 Loan/Finance/Refinanced
boc aviation Singapore Apr 1 A321-200 CFM56 Loan/Finance/Refinanced
boc aviation Singapore Apr 1 737-700 CFM56 Loan/Finance/Refinanced
boc aviation Singapore Apr 2 195 CF34 Loan/Finance/Refinanced
boc aviation Singapore Jun 1 A330-200F Trent ECA / EXIM
boc aviation Singapore Jun 2 777-300ER GE90 ECA / EXIM
aiRcRaFt FiNaNce 2013
22 | Flightglobal Insight | AircrAft finAnce 2013 AircrAft finAnce 2013 | Flightglobal Insight | 23
aIrcraft fInance deals announced In 2012
customer country Month number ofaircraft
aircraft model enginetype
deal structure
boc aviation Singapore Nov 4 A320-200 V2500 Loan/Finance/Refinanced
bocom leasing China May 1 A320-200 V2500 Loan/Finance/Refinanced
bocom leasing China Sep 2 A320-200 CFM56 Loan/Finance/Refinanced
bocom leasing China Sep 2 737-800 CFM56 Loan/Finance/Refinanced
bocom leasing China Sep 1 777-200LRF GE90 Loan/Finance/Refinanced
british airways UK Mar 1 777-300ER GE90 Tax Lease
british airways UK Nov 1 A320-200 V2500 Loan/Finance/Refinanced
british airways UK Nov 1 A320-200 V2500 Tax Lease
buddha air Nepal Jul 1 ATR 72-500 PW100 Loan/Finance/Refinanced
cargolux Luxembourg Nov 1 747-8F GEnx ECA / EXIM
cargolux Luxembourg Dec 1 747-8F GEnx Loan/Finance/Refinanced
cathay Pacific Hong Kong Feb 2 A330-300 Trent Tax Lease
cathay Pacific Hong Kong Apr 2 777-300ER GE90 Tax Lease
cathay Pacific Hong Kong Sep 2 A330-300 Trent ECA / EXIM
cathay Pacific Hong Kong Nov 1 A330-300 Trent Loan/Finance/Refinanced
cdb leasing company China May 2 737-800 CFM56 Loan/Finance/Refinanced
cdb leasing company China Jul 3 A320-200 V2500 Loan/Finance/Refinanced
cdb leasing company China Sep 4 A319-100 TBC Loan/Finance/Refinanced
cdb leasing company China Sep 1 A320-200 TBC Loan/Finance/Refinanced
cdb leasing company China Sep 1 A330-200 TBC Loan/Finance/Refinanced
cdb leasing company China Sep 3 737-800 CFM56 Tax Lease
cdI cargo airlines China Aug 1 737-300 CFM56 Loan/Finance/Refinanced
cebu Pacific air Philippines Jan 7 A320-200 CFM56 Pre Delivery Payment
cebu Pacific air Philippines Jul 3 A320-200 CFM56 ECA / EXIM
cemair South Africa Mar 1 CRJ100 CF34 Loan/Finance/Refinanced
changjiang leasing company China Oct 1 A320-200 CFM56 ECA / EXIM
china aircraft leasing Hong Kong Jan 1 A320-200 CFM56 ECA / EXIM
china aircraft leasing Hong Kong Jan 2 737-800 CFM56 ECA / EXIM
china aircraft leasing Hong Kong Jun 1 737-800 CFM56 ECA / EXIM
china cargo airlines China Sep 1 777-200LRF GE90 Loan/Finance/Refinanced
china eastern airlines China Mar 4 A320-200 CFM56 Tax Lease
china eastern airlines China May 1 A320-200 CFM56 Loan/Finance/Refinanced
china eastern airlines China May 1 A330-300 Trent Finance Lease
china eastern airlines China Jun 1 A319-100 CFM56 Finance Lease
china eastern airlines China Jun 1 A319-100 V2500 Finance Lease
china eastern airlines China Oct 2 737-700 CFM56 Loan/Finance/Refinanced
china eastern airlines China Oct 1 737-800 CFM56 Loan/Finance/Refinanced
china eastern airlines China Dec 1 A320-200 CFM56 Loan/Finance/Refinanced
china eastern airlines China Dec 3 A321-200 V2500 Loan/Finance/Refinanced
china eastern airlines China Dec 2 A330-200 Trent Loan/Finance/Refinanced
china southern airlines China Feb 1 A319-100 CFM56 Loan/Finance/Refinanced
china southern airlines China Feb 2 A330-200 PW4000 ECA / EXIM| Tax Lease
china southern airlines China Feb 3 737-800 CFM56 Loan/Finance/Refinanced
china southern airlines China Mar 1 737-700 CFM56 Loan/Finance/Refinanced
china southern airlines China Mar 1 737-800 CFM56 Loan/Finance/Refinanced
china southern airlines China May 3 737-800 CFM56 Tax Lease
china southern airlines China Jun 1 A320-200 V2500 ECA / EXIM| Tax Lease
china southern airlines China Jun 2 737-800 CFM56 Tax Lease
china southern airlines China Jul 2 A320-200 V2500 Tax Lease
china southern airlines China Nov 1 A321-200 V2500 Tax Lease
china World aviation leasing Ireland Jun 2 A320-200 CFM56 Loan/Finance/Refinanced
cIaF-leasing Egypt Mar 1 737-800 CFM56 Loan/Finance/Refinanced
cIt aerospace USA May 1 737-800 CFM56 ECA / EXIM
22 | Flightglobal Insight | AircrAft finAnce 2013 AircrAft finAnce 2013 | Flightglobal Insight | 23
aiRcRaFt FiNaNce 2013
aIrcraft fInance deals announced In 2012
customer country Month number ofaircraft
aircraft model enginetype
deal structure
cIt aerospace USA Jun 3 A320-200 CFM56 ECA / EXIM
cIt aerospace USA Jun 1 A321-200 V2500 ECA / EXIM
cIt aerospace USA Jun 1 A330-200 CF6 ECA / EXIM
comair (south africa) South Africa Feb 2 737-400 CFM56 Loan/Finance/Refinanced
comair (south africa) South Africa Jun 2 737-800 PW100 ECA / EXIM
comair (south africa) South Africa Sep 1 737-300 CFM56 Loan/Finance/Refinanced
comair (south africa) South Africa Oct 1 737-300 CFM56 Loan/Finance/Refinanced
comtran International USA Feb 1 A320-200 V2500 Loan/Finance/Refinanced
continental airlines USA Mar 17 737-900 CFM56 Capital Markets
continental airlines USA Mar 4 787-8 GEnx Capital Markets
continental airlines USA Sep 18 737-900 CFM56 Capital Markets
continental airlines USA Sep 3 787-8 GEnx Capital Markets
conviasa Venezuela Sep 2 190 CF34 ECA / EXIM
czech airlines Czech Republic Apr 4 A320-200 CFM56 Tax Lease| ECA / EXIM
dae capital UAE Nov 1 777-200LRF GE90 Loan/Finance/Refinanced
dae capital UAE Dec 5 A319-100 CFM56 Loan/Finance/Refinanced
dae capital UAE Dec 2 A320-200 CFM56 Loan/Finance/Refinanced
dae capital UAE Dec 5 A320-200 V2500 Loan/Finance/Refinanced
dae capital UAE Dec 2 737-700 CFM56 Loan/Finance/Refinanced
dae capital UAE Dec 2 737-800 CFM56 Loan/Finance/Refinanced
dae capital UAE Dec 2 777-300ER GE90 Loan/Finance/Refinanced
delta air lines USA Mar 4 A320-200 CFM56 Loan/Finance/Refinanced
delta air lines USA Mar 6 757-200 PW2000 Loan/Finance/Refinanced
delta air lines USA Mar 3 767-300ER CF6 Loan/Finance/Refinanced
delta air lines USA Mar 2 767-300ER PW4000 Loan/Finance/Refinanced
delta air lines USA Mar 17 MD-88 JT8D Loan/Finance/Refinanced
delta air lines USA Mar 8 MD-90 V2500 Loan/Finance/Refinanced
delta air lines USA Apr 1 757-200 PW2000 Loan/Finance/Refinanced
delta air lines USA Jun 9 A319-100 CFM56 Capital Markets
delta air lines USA Jun 7 A320-200 CFM56 Capital Markets
delta air lines USA Jun 1 757-200 PW2000 Capital Markets
delta air lines USA Jun 8 767-300ER PW4000 Capital Markets
delta air lines USA Jun 6 767-400ER CF6 Capital Markets
delta air lines USA Jul 10 MD-88 JT8D Loan/Finance/Refinanced
delta air lines USA Sep 6 MD-90 V2500 Loan/Finance/Refinanced
delta air lines USA Oct 4 CRJ200 CF34 Loan/Finance/Refinanced
delta air lines USA Oct 13 CRJ900 CF34 Loan/Finance/Refinanced
deucalion aviation Funds Germany May 4 747-400 CF6 Loan/Finance/Refinanced
easyjet UK Mar 6 A320-200 CFM56 Tax Lease
el al Israel Jan 2 737-900 CFM56 Pre Delivery Payment
emirates airline UAE Jan 1 A380-800 GP7200 Loan/Finance/Refinanced
emirates airline UAE Jan 1 A380-800 GP7200 Tax Lease
emirates airline UAE Jan 2 777-300ER GE90 Tax Lease
emirates airline UAE Feb 1 A380-800 GP7200 Finance Lease
emirates airline UAE May 1 777-300ER GE90 ECA / EXIM
emirates airline UAE Jun 4 A380-800 GP7200 Capital Markets
emirates airline UAE Jul 4 777-300ER GE90 Capital Markets
emirates airline UAE Jul 1 777-300ER GE90 ECA / EXIM
emirates airline UAE Sep 1 777-300ER GE90 Capital Markets
emirates airline UAE Dec 1 A380-800 GP7200 Finance Lease
emirates airline UAE Dec 1 A380-800 GP7200 ECA / EXIM
ethiopian airlines Ethiopia Jul 1 787-8 GEnx Loan/Finance/Refinanced
ethiopian airlines Ethiopia Nov 4 787-8 GEnx Capital Markets
aiRcRaFt FiNaNce 2013
24 | Flightglobal Insight | AircrAft finAnce 2013 AircrAft finAnce 2013 | Flightglobal Insight | 25
aIrcraft fInance deals announced In 2012
customer country Month number ofaircraft
aircraft model enginetype
deal structure
etihad airways UAE Jan 1 777-300ER GE90 Capital Markets
etihad airways UAE Feb 1 777-300ER GE90 Capital Markets
etihad airways UAE Apr 1 777-300ER GE90 ECA / EXIM
etihad airways UAE Jun 1 777-300ER GE90 Capital Markets
etihad airways UAE Dec 1 777-300ER GE90 Capital Markets
european aviation UK Jan 1 737-300 CFM56 Loan/Finance/Refinanced
expressJet airlines USA Jul 5 CRJ200 CF34 Loan/Finance/Refinanced
expressJet airlines USA Jul 2 CRJ700 CF34 Loan/Finance/Refinanced
Fayard enterprises USA Sep 1 Dash 8-100 PW100 Loan/Finance/Refinanced
Fedex USA Jan 4 MD-11F CF6 Capital Markets
Flybe UK Nov 1 175 CF34 Finance Lease
Flydubai UAE Sep 3 737-800 CFM56 ECA / EXIM
Frontier alaska aviation trust USA Jul 1 Dash 8-100 PW100 Loan/Finance/Refinanced
Frontier alaska aviation trust USA Oct 1 Dash 8-100 PW100 Loan/Finance/Refinanced
Gecas USA Jul 2 737-800 CFM56 Loan/Finance/Refinanced
Gecas USA Nov 1 767-200ERF CF6 Loan/Finance/Refinanced
Gecas USA Dec 3 A320-200 CFM56 Capital Markets
Gecas USA Dec 7 A320-200 V2500 Capital Markets
Gecas USA Dec 20 737-700 CFM56 Capital Markets
Gecas USA Dec 10 737-800 CFM56 Capital Markets
Gecas USA Dec 3 747-400F CF6 Capital Markets
Gecas USA Dec 3 777-200ER PW4000 Capital Markets
Gecas USA Dec 57 CRJ200 CF34 Capital Markets
Gecas USA Dec 7 CRJ700 CF34 Capital Markets
Gecas USA Dec 27 190 CF34 Capital Markets
Germania Germany Mar 1 A319-100 CFM56 Loan/Finance/Refinanced
Global Knafaim leasing Israel Jul 1 757-200 RB211 Loan/Finance/Refinanced
Goair India Aug 72 A320-200neo PW1000G Pre Delivery Payment
Guggenheim aviation Partners USA May 11 757-300 RB211 Loan/Finance/Refinanced
Guggenheim aviation Partners USA Sep 2 A330-200 Trent Loan/Finance/Refinanced
Guggenheim aviation Partners USA Nov 1 A330-300HGW PW4000 Loan/Finance/Refinanced
Guggenheim aviation Partners USA Dec 1 A330-200 Trent Loan/Finance/Refinanced
Guggenheim aviation Partners USA Dec 2 777-300ER GE90 Loan/Finance/Refinanced
Gulf air Bahrain Jul 2 A321-200 V2500 Finance Lease
hainan airlines China Jan 1 A320-200 V2500 Finance Lease
hainan airlines China Jan 3 737-800 CFM56 Loan/Finance/Refinanced
hainan airlines China Apr 1 A320-200 V2500 Finance Lease
hainan airlines China Apr 2 737-800 CFM56 ECA / EXIM
hainan airlines China Jun 2 190 CF34 Loan/Finance/Refinanced
hainan airlines China Jul 1 737-800 CFM56 Loan/Finance/Refinanced
hainan airlines China Aug 1 A319-100 V2500 ECA / EXIM
hainan airlines China Aug 2 737-800 CFM56 ECA / EXIM
hainan airlines China Aug 1 737-800 CFM56 Loan/Finance/Refinanced
hainan airlines China Sep 2 737-400 CFM56 Finance Lease
hainan airlines China Nov 2 190 CF34 Loan/Finance/Refinanced
hainan airlines China Dec 2 A319-100 V2500 Finance Lease
hainan airlines China Dec 1 A320-200 CFM56 Finance Lease
hainan airlines China Dec 3 737-800 CFM56 Pre Delivery Payment
hawaiian airlines USA Oct 1 A330-200 Trent Loan/Finance/Refinanced
hawaiian airlines USA Dec 1 A330-200 Trent Loan/Finance/Refinanced
hong Kong aviation capital Hong Kong May 1 A330-200 Trent Loan/Finance/Refinanced
hong Kong aviation capital Hong Kong Dec 1 A320-200 V2500 Loan/Finance/Refinanced
Icbc leasing China Jan 1 A320-200 CFM56 Loan/Finance/Refinanced
24 | Flightglobal Insight | AircrAft finAnce 2013 AircrAft finAnce 2013 | Flightglobal Insight | 25
aiRcRaFt FiNaNce 2013
aIrcraft fInance deals announced In 2012
customer country Month number ofaircraft
aircraft model enginetype
deal structure
IlFc USA Jan 2 A319-100 CFM56 Capital Markets
IlFc USA Jan 6 A320-200 CFM56 Capital Markets
IlFc USA Jan 2 A320-200 V2500 Capital Markets
IlFc USA Jan 2 A321-200 CFM56 Capital Markets
IlFc USA Jan 1 A321-200 V2500 Capital Markets
IlFc USA Jan 1 A330-200 Trent Capital Markets
IlFc USA Jan 2 A330-300 PW4000 Capital Markets
IlFc USA Jan 4 A330-300 Trent Capital Markets
IlFc USA Jan 5 A340-300 CFM56 Capital Markets
IlFc USA Jan 1 A340-600 Trent Capital Markets
IlFc USA Jan 1 737-700 CFM56 Capital Markets
IlFc USA Jan 1 747-400 CF6 Capital Markets
IlFc USA Jan 1 747-400ERF CF6 Capital Markets
IlFc USA Jan 14 757-200 PW2000 Capital Markets
IlFc USA Jan 6 757-200 RB211 Capital Markets
IlFc USA Jan 7 767-300ER CF6 Capital Markets
IlFc USA Jan 2 767-300ER PW4000 Capital Markets
IlFc USA Jan 3 777-200ER GE90 Capital Markets
IlFc USA Jan 1 777-200ER PW4000 Capital Markets
IlFc USA Apr 2 A319-100 V2500 Capital Markets
IlFc USA Apr 2 A320-200 CFM56 Capital Markets
IlFc USA Apr 2 A320-200 V2500 Capital Markets
IlFc USA Apr 2 A321-100 V2500 Capital Markets
IlFc USA Apr 2 A321-200 CFM56 Capital Markets
IlFc USA Apr 1 A321-200 V2500 Capital Markets
IlFc USA Apr 1 A330-200 CF6 Capital Markets
IlFc USA Apr 1 A330-200 PW4000 Capital Markets
IlFc USA Apr 2 A330-200 Trent Capital Markets
IlFc USA Apr 2 737-300 CFM56 Capital Markets
IlFc USA Apr 4 737-400 CFM56 Capital Markets
IlFc USA Apr 1 737-500 CFM56 Capital Markets
IlFc USA Apr 1 737-700 CFM56 Capital Markets
IlFc USA Apr 3 737-800 CFM56 Capital Markets
IlFc USA Apr 7 737-800 CFM56 Loan/Finance/Refinanced
IlFc USA Apr 2 757-200 PW2000 Capital Markets
IlFc USA Apr 1 757-200 RB211 Capital Markets
IlFc USA Apr 2 767-300ER CF6 Capital Markets
IlFc USA Apr 3 767-300ER PW4000 Capital Markets
IlFc USA Apr 1 777-200ER GE90 Capital Markets
IlFc USA Apr 1 777-300ER GE90 Capital Markets
IlFc USA Dec 2 777-300ER GE90 Capital Markets
Interjet Mexico May 2 A320-200 CFM56 ECA / EXIM
Interjet Mexico Jun 20 Superjet 100 SaM146 ECA / EXIM
Interjet Mexico Nov 2 A320-200 CFM56 Loan/Finance/Refinanced
Intrepid aviation Group USA Sep 1 A330-200 Trent Pre Delivery Payment
Intrepid aviation Group USA Sep 2 A330-300 Trent Pre Delivery Payment
Investec aircraft syndicate Nov 1 777-200LRF GE90 Loan/Finance/Refinanced
Investec aircraft syndicate Dec 2 737-800 CFM56 Loan/Finance/Refinanced
Investec Global aircraft Fund Australia Jun 2 737-800 CFM56 Loan/Finance/Refinanced
Island air USA Oct 1 Dash 8-100 PW100 Loan/Finance/Refinanced
Jackson square aviation USA Jan 2 A321-200 V2500 Loan/Finance/Refinanced
Jackson square aviation USA Mar 2 A320-200 V2500 Loan/Finance/Refinanced
Jackson square aviation USA May 1 737-800 CFM56 Loan/Finance/Refinanced
aiRcRaFt FiNaNce 2013
26 | Flightglobal Insight | AircrAft finAnce 2013 AircrAft finAnce 2013 | Flightglobal Insight | 27
aIrcraft fInance deals announced In 2012
customer country Month number ofaircraft
aircraft model enginetype
deal structure
Jackson square aviation USA Jun 2 A320-200 V2500 ECA / EXIM
Jackson square aviation USA Jun 1 737-800 CFM56 Loan/Finance/Refinanced
Jackson square aviation USA Jul 2 737-900 CFM56 ECA / EXIM
Jazeera airways Kuwait Jun 1 A320-200 CFM56 ECA / EXIM
Jazz Canada Aug 6 Q400 PW100 ECA / EXIM
Jet Midwest USA Nov 1 767-300ER PW4000 Loan/Finance/Refinanced
Jet Midwest USA Nov 3 MD-82 JT8D Loan/Finance/Refinanced
Jet Midwest USA Nov 1 MD-83 JT8D Loan/Finance/Refinanced
Jet Midwest USA Nov 7 Fokker 100 RB.183 Tay Loan/Finance/Refinanced
Jetblue airways USA Jan 1 190 CF34 Loan/Finance/Refinanced
Jetblue airways USA Jun 2 A320-200 V2500 Capital Markets
Jetblue airways USA Jun 1 A320-200 V2500 Loan/Finance/Refinanced
Jetblue airways USA Jun 2 190 CF34 Capital Markets
Jetblue airways USA Jun 3 190 CF34 Loan/Finance/Refinanced
Jetblue airways USA Oct 1 190 CF34 Loan/Finance/Refinanced
Jetblue airways USA Nov 1 A320-200 V2500 Loan/Finance/Refinanced
Jetblue airways USA Dec 1 A320-200 V2500 Loan/Finance/Refinanced
Jetran International USA Jan 2 737-400 CFM56 Loan/Finance/Refinanced
Jetran International USA Jun 1 737-400 CFM56 Loan/Finance/Refinanced
Jetran International USA Jul 1 MD-83 JT8D Loan/Finance/Refinanced
Jetran International USA Oct 2 737-500 CFM56 Loan/Finance/Refinanced
Jetran International USA Dec 2 737-500 CFM56 Loan/Finance/Refinanced
Jetstar Japan Japan Nov 1 A320-200 V2500 Finance Lease
Juliet romeo aviation USA Apr 1 737-400 CFM56 Loan/Finance/Refinanced
Juneyao airlines China Aug 1 A320-200 CFM56 Loan/Finance/Refinanced
Kenya airways Kenya Jun 1 777-300ER GE90 Pre Delivery Payment| Loan/Finance/Refinanced
Kenya airways Kenya Jun 9 787-8 GEnx Pre Delivery Payment| Loan/Finance/Refinanced
Kenya airways Kenya Jun 10 190 CF34 Pre Delivery Payment| Loan/Finance/Refinanced
KlM royal dutch airlines Netherlands Feb 2 737-700 CFM56 Tax Lease
KlM royal dutch airlines Netherlands Jul 1 777-300ER GE90 ECA / EXIM| Finance Lease
KlM royal dutch airlines Netherlands Oct 3 737-800 CFM56 Tax Lease
Korean air South Korea Jan 3 737-800 CFM56 Finance Lease
Korean air South Korea Jan 1 747-400ERF PW4000 Finance Lease
Korean air South Korea Jan 2 777-300 PW4000 Finance Lease
Korean air South Korea Dec 1 A380-800 GP7200 ECA / EXIM
Korean air South Korea Dec 1 747-8F GEnx ECA / EXIM
Korean air South Korea Dec 2 777-300ER GE90 ECA / EXIM
Kv aviation Australia Jan 1 747-400SF CF6 Loan/Finance/Refinanced
lan airlines Chile Mar 1 A319-100 CFM56 ECA / EXIM
lan airlines Chile Mar 2 767-300ER CF6 Finance Lease
lan airlines Chile Jun 9 767-300ER CF6 ECA / EXIM
lan airlines Chile Aug 6 A320-200 CFM56 ECA / EXIM
lan airlines Chile Aug 1 787-8 Trent Finance Lease
lan airlines Chile Oct 2 787-8 Trent Finance Lease
lion air Indonesia Jan 1 737-800 CFM56 ECA / EXIM
lion air Indonesia Feb 4 737-900 CFM56 Capital Markets
lion air Indonesia Dec 2 ATR 72-500 PW100 Loan/Finance/Refinanced
lion air Indonesia Dec 2 ATR 72-600 PW100 Loan/Finance/Refinanced
lot Polish airlines Poland Nov 5 787-8 Trent ECA / EXIM
lufthansa Germany Mar 1 A380-800 Trent Tax Lease
lufthansa Germany Apr 1 747-8I GEnx Finance Lease
lufthansa Germany May 2 A380-800 Trent ECA / EXIM
lufthansa Germany Jun 1 747-8I GEnx Tax Lease
26 | Flightglobal Insight | AircrAft finAnce 2013 AircrAft finAnce 2013 | Flightglobal Insight | 27
aiRcRaFt FiNaNce 2013
aIrcraft fInance deals announced In 2012
customer country Month number ofaircraft
aircraft model enginetype
deal structure
luxair Luxembourg Aug 2 Q400 PW100 Finance Lease
luxair Luxembourg Nov 1 Q400 PW100 Finance Lease
luxair Luxembourg Dec 1 737-800 CFM56 Finance Lease
Malaysia airlines Malaysia Jan 1 A330-200F PW4000 Finance Lease
Malaysia airlines Malaysia May 4 A330-300HGW PW4000 ECA / EXIM
Middle east airlines Lebanon Jan 1 A320-200 V2500 Loan/Finance/Refinanced
nippon cargo airlines Japan Dec 1 747-8F GEnx Loan/Finance/Refinanced
nordic aviation capital Denmark Apr 5 ATR 72-600 PW100 ECA / EXIM| Tax Lease
nordic aviation capital Denmark Jul 3 Dash 8-300 PW100 Loan/Finance/Refinanced
norwegian Norway Dec 2 787-8 Trent Pre Delivery Payment
novus aviation Lebanon Jan 1 A330-300HGW PW4000 Loan/Finance/Refinanced
novus aviation Lebanon May 1 777-300ER GE90 Loan/Finance/Refinanced
novus aviation Lebanon Jun 1 777-300ER GE90 Loan/Finance/Refinanced
novus aviation Lebanon Nov 1 777-300ER GE90 Loan/Finance/Refinanced
orix aviation Ireland Sep 1 A330-200 Trent Loan/Finance/Refinanced
Pegasus airlines Turkey Jan 2 737-800 CFM56 ECA / EXIM
Philippine airlines Philippines Jun 1 777-300ER GE90 ECA / EXIM
Precision air Tanzania Dec 1 ATR 42-600 PW100 Finance Lease
Qantas Australia Mar 1 A320-200 V2500 Tax Lease
Qantas Australia Mar 1 737-800 CFM56 Tax Lease
regional equipment trust USA Aug 2 Q400 PW100 Loan/Finance/Refinanced
regourd aviation France Oct 1 ERJ-145 AE 3007 Finance Lease
republic airlines USA Aug 2 Q400 PW100 Loan/Finance/Refinanced
rostechnologii Group Russia Jan 15 737-700 CFM56 Pre Delivery Payment
rostechnologii Group Russia Jan 25 737-800 CFM56 Pre Delivery Payment
rostechnologii Group Russia Jan 10 737-900 CFM56 Pre Delivery Payment
royal air Maroc Morocco Mar 2 737-800 CFM56 ECA / EXIM
rwandair Rwanda Nov 2 CRJ900 CF34 ECA / EXIM
ryanair Ireland Mar 2 737-800 CFM56 Tax Lease
ryanair Ireland Jul 7 737-800 CFM56 Capital Markets
safair lease Finance South Africa Oct 1 737-400 CFM56 Loan/Finance/Refinanced
sas Multi-National (Europe) Dec 3 A330-300 Trent Loan/Finance/Refinanced
saudi arabian airlines Saudi Arabia Jan 1 A321-200 CFM56 Loan/Finance/Refinanced
sF airlines China Mar 2 737-300 CFM56 Finance Lease
sF airlines China Mar 2 757-200F RB211 Finance Lease
shandong airlines China May 1 737-800 CFM56 Loan/Finance/Refinanced
shandong airlines China Nov 4 737-800 CFM56 Loan/Finance/Refinanced
shenzhen airlines China Jan 1 737-800 CFM56 Loan/Finance/Refinanced
shenzhen airlines China Mar 4 737-800 CFM56 Loan/Finance/Refinanced
shenzhen airlines China Jun 2 A320-200 V2500 Loan/Finance/Refinanced
shenzhen airlines China Aug 3 737-800 CFM56 Loan/Finance/Refinanced
shenzhen airlines China Dec 2 A320-200 V2500 Loan/Finance/Refinanced
shenzhen airlines China Dec 4 737-800 CFM56 Loan/Finance/Refinanced
sichuan airlines China May 1 A320-200 V2500 ECA / EXIM
sichuan airlines China Aug 1 A319-100 V2500 Loan/Finance/Refinanced
sichuan airlines China Aug 1 A320-200 V2500 Loan/Finance/Refinanced
sichuan airlines China Aug 1 A321-200 V2500 ECA / EXIM
sichuan airlines China Aug 3 A321-200 V2500 Loan/Finance/Refinanced
sky airline Chile May 1 A319-100 CFM56 Tax Lease
sky airline Chile Jul 1 A319-100 CFM56 Tax Lease
skyWest airlines USA Jul 2 CRJ200 CF34 Loan/Finance/Refinanced
skyWest airlines USA Dec 1 CRJ200 CF34 Loan/Finance/Refinanced
solenta aviation South Africa Feb 1 ATR 42-300 PW100 Loan/Finance/Refinanced
AircrAft finAnce 2013 | Flightglobal Insight | 29
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AircrAft finAnce 2013 | Flightglobal Insight | 29
aiRcRaFt FiNaNce 2013
aIrcraft fInance deals announced In 2012
customer country Month number ofaircraft
aircraft model enginetype
deal structure
south african airways South Africa Jan 3 A340-200 CFM56 Loan/Finance/Refinanced
south african airways South Africa Mar 2 A320-200 V2500 Loan/Finance/Refinanced
south african airways South Africa Jul 1 A330-200 Trent Loan/Finance/Refinanced
southwest airlines USA Feb 1 737-700 CFM56 Loan/Finance/Refinanced
spring airlines China Jan 1 A320-200 CFM56 ECA / EXIM
spring airlines China Jan 2 A320-200 CFM56 Finance Lease
spring airlines China Mar 3 A320-200 CFM56 Loan/Finance/Refinanced
synergy aerospace Brazil Nov 6 A330-200 Trent Pre Delivery Payment
synergy aerospace Brazil Nov 3 A330-200F Trent Pre Delivery Payment
taca International airlines El Salvador Apr 1 A320-200 V2500 Loan/Finance/Refinanced
taca International airlines El Salvador Sep 1 A319-100 V2500 ECA / EXIM
taM linhas aereas Brazil Mar 2 A320-200 CFM56 Tax Lease
taM linhas aereas Brazil Jun 2 A320-200 CFM56 ECA / EXIM
taM linhas aereas Brazil Jun 2 777-300ER GE90 ECA / EXIM
taM linhas aereas Brazil Jul 6 A320-200 V2500 ECA / EXIM
taM linhas aereas Brazil Jul 2 A320-200 V2500 Finance Lease
taM linhas aereas Brazil Jul 2 777-300ER GE90 Capital Markets
taM linhas aereas Brazil Sep 4 A319-100 V2500 Loan/Finance/Refinanced
thai airways International Thailand Apr 3 A380-800 Trent ECA / EXIM
thai airways International Thailand Sep 2 A330-300 Trent Loan/Finance/Refinanced| Tax Lease
thai airways International Thailand Nov 2 A330-300 Trent Tax Lease| Loan/Finance/Refinanced
thai airways International Thailand Nov 1 A380-800 Trent ECA / EXIM
thomas cook airlines UK Dec 2 A330-200 Trent Loan/Finance/Refinanced
titan aviation leasing USA May 1 737-800 CFM56 Loan/Finance/Refinanced
tUI aviation Germany Nov 1 A330-300 Trent Loan/Finance/Refinanced
tUI aviation Germany Nov 2 737-800 CFM56 Tax Lease
tUI aviation Germany Dec 10 737-800 CFM56 Pre Delivery Payment
turkish airlines Turkey Jan 1 A330-200F Trent ECA / EXIM| Tax Lease
turkish airlines Turkey Jan 3 A330-300 Trent ECA / EXIM| Tax Lease
turkish airlines Turkey Jan 7 737-900 CFM56 ECA / EXIM
turkish airlines Turkey Feb 2 A321-200 V2500 Tax Lease
turkish airlines Turkey Feb 2 A321-200 V2500 Tax Lease| ECA / EXIM
turkish airlines Turkey Mar 2 A321-200 V2500 Tax Lease
turkish airlines Turkey May 2 737-800 CFM56 Tax Lease
United airlines USA Mar 1 737-800 CFM56 Loan/Finance/Refinanced
United airlines USA Mar 1 777-200ER GE90 Loan/Finance/Refinanced
United airlines USA Oct 1 737-800 CFM56 Loan/Finance/Refinanced
United airlines USA Dec 15 757-200 PW2000 Loan/Finance/Refinanced
UPs airlines USA Jan 1 767-300ERF CF6 Finance Lease
UPs airlines USA Feb 1 767-300ERF CF6 Finance Lease
UPs airlines USA Mar 1 767-300ERF CF6 Finance Lease
UPs airlines USA Apr 2 767-300ERF CF6 Finance Lease
UPs airlines USA May 1 767-300ERF CF6 Finance Lease
UPs airlines USA Dec 1 767-300ERF CF6 Finance Lease
Us airways USA Apr 4 A321-200 CFM56 Capital Markets
Us airways USA Apr 10 A321-200 V2500 Capital Markets
Us airways USA Apr 2 A321-200 V2500 Finance Lease
Us airways USA Aug 1 A321-200 V2500 Loan/Finance/Refinanced
Us airways USA Oct 1 190 CF34 Loan/Finance/Refinanced
Us airways USA Nov 7 A321-200 V2500 Capital Markets
Us airways USA Nov 3 A330-200 Trent Capital Markets
Us airways USA Nov 1 190 CF34 Loan/Finance/Refinanced
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AscendFG-Advert_Lighthouse-197x267-FINAL 28/01/2013 11:45 Page 1
aiRcRaFt FiNaNce 2013
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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)
aIrcraft fInance deals announced In 2012
customer country Month number ofaircraft
aircraft model enginetype
deal structure
Utair Russia Jun 4 737-800 CFM56 ECA / EXIM
Utair Russia Oct 20 A321-200 CFM56 Pre Delivery Payment
Uzbekistan airways Uzbekistan Feb 2 767-300ER PW4000 Loan/Finance/Refinanced
veb-leasing Russia Nov 4 777-300ER GE90 ECA / EXIM
vietnam airlines Vietnam Jun 4 A321-200 V2500 Loan/Finance/Refinanced
vietnam airlines Vietnam Aug 4 A321-200 V2500 Loan/Finance/Refinanced
vietnam airlines Vietnam Nov 1 A321-200 V2500 Loan/Finance/Refinanced
vietnam airlines Vietnam Dec 1 A321-200 V2500 ECA / EXIM
vietnam airlines Vietnam Dec 1 A321-200 V2500 Loan/Finance/Refinanced
virgin australia Australia Jun 2 737-800 CFM56 Loan/Finance/Refinanced
virgin australia Australia Jun 2 190 CF34 Loan/Finance/Refinanced
virgo Oct 2 737-700 CFM56 Loan/Finance/Refinanced
volito aviation services Sweden Jun 5 A319-100 CFM56 Loan/Finance/Refinanced
volito aviation services Sweden Jun 2 A319-100 V2500 Loan/Finance/Refinanced
volito aviation services Sweden Jun 2 A320-200 V2500 Loan/Finance/Refinanced
volito aviation services Sweden Jun 1 A321-200 V2500 Loan/Finance/Refinanced
volito aviation services Sweden Jun 2 737-700 CFM56 Loan/Finance/Refinanced
volito aviation services Sweden Jun 2 737-800 CFM56 Loan/Finance/Refinanced
vx capital Partners USA Jul 2 MD-88 JT8D Loan/Finance/Refinanced
vx capital Partners USA Nov 3 MD-88 JT8D Loan/Finance/Refinanced
Wealthcap Germany Oct 1 A380-800 Trent Loan/Finance/Refinanced
WestJet Canada Jan 2 737-800 CFM56 ECA / EXIM
xiamen airlines China Dec 1 737-800 CFM56 Loan/Finance/Refinanced
30 | Flightglobal Insight | AircrAft finAnce 2013
Precision asset valuations
Ascend’s valuations and appraisals services are themost highly rated and respected in the industry.
Leverage our extensive knowledge and experiencefor commercial aircraft, business jet and helicopter appraisals.
Our services support thousands of sales, leases and business decisions worldwide.
*Airline Economics Aviation 100 Awards Appraiser of the Year 2013
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from the Aircraft Appraiser of the Year 2013*
AscendFG-Advert_Diamond-197x267-FINAL 27/02/2013 13:11 Page 1
AircrAft finAnce 2013
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deAls dAtAbAse 2012by aircraft modelaircrafT finance deals announced in 2012
aircraft model engine type Month Number of aircraft
customer Deal structure arrangers Debt provider equity providers buyer Seller
175 CF34 Jun-12 1 Operating Lease - Sale and Lease Back Aldus Aviation Flybe
175 CF34 Jun-12 3 Operating Lease - Sale and Lease Back Jetscape Alitalia
175 CF34 Jul-12 4 Operating Lease - Sale and Lease Back CIT Aerospace Alitalia
175 CF34 Sep-12 1 Operating Lease - Sale and Lease Back Aldus Aviation Flybe
175 CF34 Nov-12 1 Flybe Finance Lease (HEH) Hamburger EmissionsHaus & Cie NordLB
190 CF34 Jan-12 1 JetBlue Airways Loan/Finance/Refinanced BNDES - Brazilian Development Bank
190 CF34 Mar-12 2 Operating Lease - Sale and Lease Back Air Lease Corporation KLM Royal Dutch Airlines
190 CF34 Mar-12 1 Purchase - Lease Attached Macquarie AirFinance Jetscape
190 CF34 Mar-12 2 Avolon Aerospace Leasing Loan/Finance/Refinanced Helaba Landesbank Hessen Thuringen
190 CF34 Jun-12 2 Operating Lease - Sale and Lease Back Avolon Aerospace Leasing Virgin Australia
190 CF34 Jun-12 2 Purchase - Lease Attached Avolon Aerospace Leasing JetBlue Airways
190 CF34 Jun-12 2 Hainan Airlines Loan/Finance/Refinanced Industrial and Commercial Bank of China (ICBC)
190 CF34 Jun-12 2 JetBlue Airways Capital Markets
190 CF34 Jun-12 3 JetBlue Airways Loan/Finance/Refinanced Undisclosed Bank / Broker / Lessor
190 CF34 Jun-12 10 Kenya Airways Pre Delivery Payment| Loan/Finance/Refinanced Afriexim Bank
190 CF34 Jun-12 2 Virgin Australia Loan/Finance/Refinanced CIC Bank| Deutsche Bank
190 CF34 Jul-12 5 Purchase - Lease Attached US Airways Republic Airlines
190 CF34 Sep-12 2 Conviasa ECA / EXIM BNDES - Brazilian Development Bank
190 CF34 Oct-12 2 Air Astana ECA / EXIM BNDES - Brazilian Development Bank
190 CF34 Oct-12 1 JetBlue Airways Loan/Finance/Refinanced Undisclosed Bank / Broker / Lessor
190 CF34 Oct-12 1 US Airways Loan/Finance/Refinanced Undisclosed Bank / Broker / Lessor
190 CF34 Nov-12 1 Operating Lease - Sale and Lease Back Undisclosed Bank / Broker / Lessor Linhas Aereas de Mocambique
190 CF34 Nov-12 1 Purchase US Airways Republic Airlines
190 CF34 Nov-12 2 Hainan Airlines Loan/Finance/Refinanced China Development Bank
190 CF34 Nov-12 1 US Airways Loan/Finance/Refinanced Undisclosed Bank / Broker / Lessor
190 CF34 Dec-12 1 Purchase US Airways Republic Airlines
190 CF34 Dec-12 27 GECAS Capital Markets
195 CF34 Apr-12 2 BOC Aviation Loan/Finance/Refinanced DVB Bank
195 CF34 May-12 1 Operating Lease - Sale and Lease Back ORIX Aviation Azul
195 CF34 Oct-12 2 Purchase - Lease Attached Aircastle Advisor CIT Aerospace
195 CF34 Nov-12 2 Operating Lease - Sale and Lease Back CIT Aerospace Azul
195 CF34 Dec-12 2 Operating Lease - Sale and Lease Back Aircastle Advisor Azul
737-300 CFM56 Jan-12 1 Purchase AerSale The Connecticut National Bank
737-300 CFM56 Jan-12 1 Purchase Cara Capital Corp AFT 1999-1 ABS Portfolio
737-300 CFM56 Jan-12 1 Purchase GRAF1 (Aviation) WSA Undisclosed Bank / Broker / Lessor
737-300 CFM56 Jan-12 1 Purchase Infinity Trading & Solutions N302AW/N303AW Holdings
737-300 CFM56 Jan-12 1 Purchase Jet Time ORIX Aviation
737-300 CFM56 Jan-12 1 Purchase Jet2 Boeing Capital
737-300 CFM56 Jan-12 1 Purchase Swiftair Jetscape
737-300 CFM56 Jan-12 1 Purchase - Lease Attached AerCap AERCO 2000-1 ABS Portfolio
737-300 CFM56 Jan-12 22 Purchase - Lease Attached ORIX Aviation GECAS
737-300 CFM56 Jan-12 2 AerSale Loan/Finance/Refinanced Wells Fargo Bank
737-300 CFM56 Jan-12 1 European Aviation Loan/Finance/Refinanced Erste Bank
737-300 CFM56 Feb-12 1 Purchase GHS Trade FZE DGI II
737-300 CFM56 Feb-12 2 Purchase Source One Aircraft Repair Magnolia Investment
32 | Flightglobal Insight | AircrAft finAnce 2013 AircrAft finAnce 2013 |Flightglobal Insight | 33
AircrAft finAnce 2013
aircrafT finance deals announced in 2012
aircraft model engine type Month Number of aircraft
customer Deal structure arrangers Debt provider equity providers buyer Seller
175 CF34 Jun-12 1 Operating Lease - Sale and Lease Back Aldus Aviation Flybe
175 CF34 Jun-12 3 Operating Lease - Sale and Lease Back Jetscape Alitalia
175 CF34 Jul-12 4 Operating Lease - Sale and Lease Back CIT Aerospace Alitalia
175 CF34 Sep-12 1 Operating Lease - Sale and Lease Back Aldus Aviation Flybe
175 CF34 Nov-12 1 Flybe Finance Lease (HEH) Hamburger EmissionsHaus & Cie NordLB
190 CF34 Jan-12 1 JetBlue Airways Loan/Finance/Refinanced BNDES - Brazilian Development Bank
190 CF34 Mar-12 2 Operating Lease - Sale and Lease Back Air Lease Corporation KLM Royal Dutch Airlines
190 CF34 Mar-12 1 Purchase - Lease Attached Macquarie AirFinance Jetscape
190 CF34 Mar-12 2 Avolon Aerospace Leasing Loan/Finance/Refinanced Helaba Landesbank Hessen Thuringen
190 CF34 Jun-12 2 Operating Lease - Sale and Lease Back Avolon Aerospace Leasing Virgin Australia
190 CF34 Jun-12 2 Purchase - Lease Attached Avolon Aerospace Leasing JetBlue Airways
190 CF34 Jun-12 2 Hainan Airlines Loan/Finance/Refinanced Industrial and Commercial Bank of China (ICBC)
190 CF34 Jun-12 2 JetBlue Airways Capital Markets
190 CF34 Jun-12 3 JetBlue Airways Loan/Finance/Refinanced Undisclosed Bank / Broker / Lessor
190 CF34 Jun-12 10 Kenya Airways Pre Delivery Payment| Loan/Finance/Refinanced Afriexim Bank
190 CF34 Jun-12 2 Virgin Australia Loan/Finance/Refinanced CIC Bank| Deutsche Bank
190 CF34 Jul-12 5 Purchase - Lease Attached US Airways Republic Airlines
190 CF34 Sep-12 2 Conviasa ECA / EXIM BNDES - Brazilian Development Bank
190 CF34 Oct-12 2 Air Astana ECA / EXIM BNDES - Brazilian Development Bank
190 CF34 Oct-12 1 JetBlue Airways Loan/Finance/Refinanced Undisclosed Bank / Broker / Lessor
190 CF34 Oct-12 1 US Airways Loan/Finance/Refinanced Undisclosed Bank / Broker / Lessor
190 CF34 Nov-12 1 Operating Lease - Sale and Lease Back Undisclosed Bank / Broker / Lessor Linhas Aereas de Mocambique
190 CF34 Nov-12 1 Purchase US Airways Republic Airlines
190 CF34 Nov-12 2 Hainan Airlines Loan/Finance/Refinanced China Development Bank
190 CF34 Nov-12 1 US Airways Loan/Finance/Refinanced Undisclosed Bank / Broker / Lessor
190 CF34 Dec-12 1 Purchase US Airways Republic Airlines
190 CF34 Dec-12 27 GECAS Capital Markets
195 CF34 Apr-12 2 BOC Aviation Loan/Finance/Refinanced DVB Bank
195 CF34 May-12 1 Operating Lease - Sale and Lease Back ORIX Aviation Azul
195 CF34 Oct-12 2 Purchase - Lease Attached Aircastle Advisor CIT Aerospace
195 CF34 Nov-12 2 Operating Lease - Sale and Lease Back CIT Aerospace Azul
195 CF34 Dec-12 2 Operating Lease - Sale and Lease Back Aircastle Advisor Azul
737-300 CFM56 Jan-12 1 Purchase AerSale The Connecticut National Bank
737-300 CFM56 Jan-12 1 Purchase Cara Capital Corp AFT 1999-1 ABS Portfolio
737-300 CFM56 Jan-12 1 Purchase GRAF1 (Aviation) WSA Undisclosed Bank / Broker / Lessor
737-300 CFM56 Jan-12 1 Purchase Infinity Trading & Solutions N302AW/N303AW Holdings
737-300 CFM56 Jan-12 1 Purchase Jet Time ORIX Aviation
737-300 CFM56 Jan-12 1 Purchase Jet2 Boeing Capital
737-300 CFM56 Jan-12 1 Purchase Swiftair Jetscape
737-300 CFM56 Jan-12 1 Purchase - Lease Attached AerCap AERCO 2000-1 ABS Portfolio
737-300 CFM56 Jan-12 22 Purchase - Lease Attached ORIX Aviation GECAS
737-300 CFM56 Jan-12 2 AerSale Loan/Finance/Refinanced Wells Fargo Bank
737-300 CFM56 Jan-12 1 European Aviation Loan/Finance/Refinanced Erste Bank
737-300 CFM56 Feb-12 1 Purchase GHS Trade FZE DGI II
737-300 CFM56 Feb-12 2 Purchase Source One Aircraft Repair Magnolia Investment
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
Source: Aviation Exchange (www.ascendworldwide.com/aviationexchange)
AircrAft finAnce 2013
34 | Flightglobal Insight | AircrAft finAnce 2013 AircrAft finAnce 2013 |Flightglobal Insight | 35
aircrafT finance deals announced in 2012
aircraft model engine type Month Number of aircraft
customer Deal structure arrangers Debt provider equity providers buyer Seller
737-300 CFM56 Feb-12 1 Purchase - Lease Attached Kahala Aviation First Greenwich Kahala
737-300 CFM56 Mar-12 1 Purchase Cargo Air Boeing Capital
737-300 CFM56 Mar-12 2 Purchase CDI Cargo Airlines Air China
737-300 CFM56 Mar-12 3 Purchase Innova Investments China Beijing Gahsm Aviation Supplies Science-Tech
737-300 CFM56 Mar-12 1 Purchase Jet2 GECAS
737-300 CFM56 Mar-12 1 Purchase Jet2 Sojitz Aircraft Leasing
737-300 CFM56 Mar-12 2 Purchase - Lease Attached Undisclosed Bank / Broker / Lessor AWAS
737-300 CFM56 Mar-12 1 SF Airlines Finance Lease Xunlian Investment
737-300 CFM56 Mar-12 1 SF Airlines Finance Lease Xunxiang Investment
737-300 CFM56 Apr-12 1 Purchase Aergo Capital LIFT 2001-1 ABS Portfolio
737-300 CFM56 Apr-12 1 Purchase Classic 500 Lufthansa
737-300 CFM56 Apr-12 1 Purchase G Rentals Varde Partners
737-300 CFM56 Apr-12 2 ILFC Capital Markets
737-300 CFM56 May-12 1 Purchase Automatic AirTrust Capital
737-300 CFM56 May-12 1 Purchase Nordavia - Regional Airlines Sojitz Aircraft Leasing
737-300 CFM56 May-12 1 Purchase Undisclosed Bank / Broker / Lessor European Aviation
737-300 CFM56 Jun-12 1 Purchase Jet2 Aergo Capital
737-300 CFM56 Jun-12 1 Purchase Northern Air Cargo AAG VII
737-300 CFM56 Jun-12 1 Purchase Trigana Air Aurora Aviation Group
737-300 CFM56 Jul-12 1 Purchase Contrails Capital Aircastle Advisor
737-300 CFM56 Jul-12 1 Purchase ILFC SWA
737-300 CFM56 Jul-12 4 Purchase Infinity Trading & Solutions Southwest Airlines
737-300 CFM56 Jul-12 1 Purchase Infinity Trading & Solutions Zephyrus Capital
737-300 CFM56 Jul-12 1 Purchase Zephyrus Capital ACAP 2000-1 ABS Portfolio
737-300 CFM56 Aug-12 1 Purchase Boeing Aircraft Holding Air Lease Corporation
737-300 CFM56 Aug-12 1 Purchase Global Pripal Finance Company Pacific Enterprises Leasing
737-300 CFM56 Aug-12 1 Purchase Jetran International BBAM
737-300 CFM56 Aug-12 1 Purchase - Lease Attached Undisclosed Bank / Broker / Lessor AWAS
737-300 CFM56 Aug-12 1 CDI Cargo Airlines Loan/Finance/Refinanced Bank of Beijing
737-300 CFM56 Sep-12 1 Purchase AeroTurbine Aircraft Statutory Trust N532AU
737-300 CFM56 Sep-12 1 Purchase Jetran International BBAM
737-300 CFM56 Sep-12 2 Purchase MidAmerican Aerospace Jetran International
737-300 CFM56 Sep-12 1 Comair (South Africa) Loan/Finance/Refinanced Investec Bank
737-300 CFM56 Oct-12 1 Purchase Air Lease Corporation Air China
737-300 CFM56 Oct-12 1 Purchase Air New Zealand AFT 1999-1 ABS Portfolio
737-300 CFM56 Oct-12 1 Purchase Air New Zealand ORIX Aviation
737-300 CFM56 Oct-12 1 Purchase Aircraft N532AU AeroTurbine
737-300 CFM56 Oct-12 1 Purchase Astra Holdings Engage Aviation
737-300 CFM56 Oct-12 1 Purchase Engage Aviation Jet Trading And Leasing
737-300 CFM56 Oct-12 1 Purchase Undisclosed Bank / Broker / Lessor AirTrust Capital
737-300 CFM56 Oct-12 1 Purchase Vx Capital Partners Air Lease Corporation
737-300 CFM56 Oct-12 2 Purchase - Lease Attached Aquiline International Corporation Source One Aircraft Repai
737-300 CFM56 Oct-12 1 Comair (South Africa) Loan/Finance/Refinanced Investec Bank
737-300 CFM56 Nov-12 1 Purchase Aergo Capital AIRPT 2001-1 ABS Portfolio
737-300 CFM56 Nov-12 1 Purchase Aergo Capital LIFT 2001-1 ABS Portfolio
737-300 CFM56 Nov-12 1 Purchase AeroTurbine Aircraft Statutory Trust N533AU
737-300 CFM56 Nov-12 1 Purchase Bulgaria Air CIT Aerospace
737-300 CFM56 Nov-12 1 Purchase FL Technics (Lithuania) AerCap
737-300 CFM56 Nov-12 2 Purchase Infinity Trading & Solutions Southwest Airlines
737-300 CFM56 Nov-12 1 Purchase MidAmerican Aerospace ACAP 2003-2 ABS Portfolio
737-300 CFM56 Nov-12 1 Purchase Small Planet Airlines (Lithuania) Volito Aviation Services
737-300 CFM56 Dec-12 1 Purchase Magna Tech Aviation AeroTurbine
737-300 CFM56 Dec-12 1 Purchase TAG Aviation (Stansted) AFT 1999-1 ABS Portfolio
737-400 CFM56 Jan-12 1 Purchase Airwork (NZ) Aurora Leasing
737-400 CFM56 Jan-12 1 Purchase CSDS Aircraft Sales & Leasing Aircastle Advisor
737-400 CFM56 Jan-12 2 Purchase Jetran International AIRPT 2001-1 ABS Portfolio
737-400 CFM56 Jan-12 1 Purchase TAG Aviation (Stansted) GECAS
34 | Flightglobal Insight | AircrAft finAnce 2013 AircrAft finAnce 2013 |Flightglobal Insight | 35
AircrAft finAnce 2013
aircrafT finance deals announced in 2012
aircraft model engine type Month Number of aircraft
customer Deal structure arrangers Debt provider equity providers buyer Seller
737-300 CFM56 Feb-12 1 Purchase - Lease Attached Kahala Aviation First Greenwich Kahala
737-300 CFM56 Mar-12 1 Purchase Cargo Air Boeing Capital
737-300 CFM56 Mar-12 2 Purchase CDI Cargo Airlines Air China
737-300 CFM56 Mar-12 3 Purchase Innova Investments China Beijing Gahsm Aviation Supplies Science-Tech
737-300 CFM56 Mar-12 1 Purchase Jet2 GECAS
737-300 CFM56 Mar-12 1 Purchase Jet2 Sojitz Aircraft Leasing
737-300 CFM56 Mar-12 2 Purchase - Lease Attached Undisclosed Bank / Broker / Lessor AWAS
737-300 CFM56 Mar-12 1 SF Airlines Finance Lease Xunlian Investment
737-300 CFM56 Mar-12 1 SF Airlines Finance Lease Xunxiang Investment
737-300 CFM56 Apr-12 1 Purchase Aergo Capital LIFT 2001-1 ABS Portfolio
737-300 CFM56 Apr-12 1 Purchase Classic 500 Lufthansa
737-300 CFM56 Apr-12 1 Purchase G Rentals Varde Partners
737-300 CFM56 Apr-12 2 ILFC Capital Markets
737-300 CFM56 May-12 1 Purchase Automatic AirTrust Capital
737-300 CFM56 May-12 1 Purchase Nordavia - Regional Airlines Sojitz Aircraft Leasing
737-300 CFM56 May-12 1 Purchase Undisclosed Bank / Broker / Lessor European Aviation
737-300 CFM56 Jun-12 1 Purchase Jet2 Aergo Capital
737-300 CFM56 Jun-12 1 Purchase Northern Air Cargo AAG VII
737-300 CFM56 Jun-12 1 Purchase Trigana Air Aurora Aviation Group
737-300 CFM56 Jul-12 1 Purchase Contrails Capital Aircastle Advisor
737-300 CFM56 Jul-12 1 Purchase ILFC SWA
737-300 CFM56 Jul-12 4 Purchase Infinity Trading & Solutions Southwest Airlines
737-300 CFM56 Jul-12 1 Purchase Infinity Trading & Solutions Zephyrus Capital
737-300 CFM56 Jul-12 1 Purchase Zephyrus Capital ACAP 2000-1 ABS Portfolio
737-300 CFM56 Aug-12 1 Purchase Boeing Aircraft Holding Air Lease Corporation
737-300 CFM56 Aug-12 1 Purchase Global Pripal Finance Company Pacific Enterprises Leasing
737-300 CFM56 Aug-12 1 Purchase Jetran International BBAM
737-300 CFM56 Aug-12 1 Purchase - Lease Attached Undisclosed Bank / Broker / Lessor AWAS
737-300 CFM56 Aug-12 1 CDI Cargo Airlines Loan/Finance/Refinanced Bank of Beijing
737-300 CFM56 Sep-12 1 Purchase AeroTurbine Aircraft Statutory Trust N532AU
737-300 CFM56 Sep-12 1 Purchase Jetran International BBAM
737-300 CFM56 Sep-12 2 Purchase MidAmerican Aerospace Jetran International
737-300 CFM56 Sep-12 1 Comair (South Africa) Loan/Finance/Refinanced Investec Bank
737-300 CFM56 Oct-12 1 Purchase Air Lease Corporation Air China
737-300 CFM56 Oct-12 1 Purchase Air New Zealand AFT 1999-1 ABS Portfolio
737-300 CFM56 Oct-12 1 Purchase Air New Zealand ORIX Aviation
737-300 CFM56 Oct-12 1 Purchase Aircraft N532AU AeroTurbine
737-300 CFM56 Oct-12 1 Purchase Astra Holdings Engage Aviation
737-300 CFM56 Oct-12 1 Purchase Engage Aviation Jet Trading And Leasing
737-300 CFM56 Oct-12 1 Purchase Undisclosed Bank / Broker / Lessor AirTrust Capital
737-300 CFM56 Oct-12 1 Purchase Vx Capital Partners Air Lease Corporation
737-300 CFM56 Oct-12 2 Purchase - Lease Attached Aquiline International Corporation Source One Aircraft Repai
737-300 CFM56 Oct-12 1 Comair (South Africa) Loan/Finance/Refinanced Investec Bank
737-300 CFM56 Nov-12 1 Purchase Aergo Capital AIRPT 2001-1 ABS Portfolio
737-300 CFM56 Nov-12 1 Purchase Aergo Capital LIFT 2001-1 ABS Portfolio
737-300 CFM56 Nov-12 1 Purchase AeroTurbine Aircraft Statutory Trust N533AU
737-300 CFM56 Nov-12 1 Purchase Bulgaria Air CIT Aerospace
737-300 CFM56 Nov-12 1 Purchase FL Technics (Lithuania) AerCap
737-300 CFM56 Nov-12 2 Purchase Infinity Trading & Solutions Southwest Airlines
737-300 CFM56 Nov-12 1 Purchase MidAmerican Aerospace ACAP 2003-2 ABS Portfolio
737-300 CFM56 Nov-12 1 Purchase Small Planet Airlines (Lithuania) Volito Aviation Services
737-300 CFM56 Dec-12 1 Purchase Magna Tech Aviation AeroTurbine
737-300 CFM56 Dec-12 1 Purchase TAG Aviation (Stansted) AFT 1999-1 ABS Portfolio
737-400 CFM56 Jan-12 1 Purchase Airwork (NZ) Aurora Leasing
737-400 CFM56 Jan-12 1 Purchase CSDS Aircraft Sales & Leasing Aircastle Advisor
737-400 CFM56 Jan-12 2 Purchase Jetran International AIRPT 2001-1 ABS Portfolio
737-400 CFM56 Jan-12 1 Purchase TAG Aviation (Stansted) GECAS
Source: Aviation Exchange (www.ascendworldwide.com/aviationexchange)
AircrAft finAnce 2013
36 | Flightglobal Insight | AircrAft finAnce 2013 AircrAft finAnce 2013 |Flightglobal Insight | 37
aircrafT finance deals announced in 2012
aircraft model engine type Month Number of aircraft
customer Deal structure arrangers Debt provider equity providers buyer Seller
737-400 CFM56 Jan-12 1 Purchase - Lease Attached KAL Aviation AAR Aircraft Sales & Leasing
737-400 CFM56 Jan-12 5 Purchase - Lease Attached ORIX Aviation GECAS
737-400 CFM56 Jan-12 2 Jetran International Loan/Finance/Refinanced Grand Bank of Texas
737-400 CFM56 Feb-12 1 Purchase Juliet Romeo Aviation CSDS Aircraft Sales & Leasing
737-400 CFM56 Feb-12 1 Purchase - Lease Attached Kahala Aviation First Greenwich Kahala
737-400 CFM56 Feb-12 2 Comair (South Africa) Loan/Finance/Refinanced Investec Bank
737-400 CFM56 Mar-12 4 Purchase Japan TransOcean Air MC Aviation Partners/Mitsubishi Corporation
737-400 CFM56 Mar-12 1 Purchase Jet Aviation FZC Boeing Capital
737-400 CFM56 Mar-12 1 Aviation Technologies Loan/Finance/Refinanced Jim Gallagher S.S
737-400 CFM56 Apr-12 1 Purchase ELTA Electronics AWAS
737-400 CFM56 Apr-12 1 Purchase KAL Aviation AAR Aircraft Sales & Leasing
737-400 CFM56 Apr-12 4 ILFC Capital Markets
737-400 CFM56 Apr-12 1 Juliet Romeo Aviation Loan/Finance/Refinanced Plainscapital Bank
737-400 CFM56 May-12 1 Purchase - Lease Attached VEB-Leasing AerCap
737-400 CFM56 May-12 1 Purchase - Lease Attached VEB-Leasing Aergo Capital
737-400 CFM56 May-12 1 Purchase Undisclosed Bank / Broker / Lessor EAST 2000-1 ABS Portfolio
737-400 CFM56 May-12 1 AerSale Loan/Finance/Refinanced Wells Fargo Bank
737-400 CFM56 Jun-12 1 Purchase Batavia Air AERCO 2000-1 ABS Portfolio
737-400 CFM56 Jun-12 1 Purchase Jetran International GECAS
737-400 CFM56 Jun-12 1 Purchase Undisclosed Bank / Broker / Lessor Qantas
737-400 CFM56 Jun-12 1 Jetran International Loan/Finance/Refinanced Trustmark National Bank (Texas)
737-400 CFM56 Jul-12 1 Purchase Aero Nusantara Indonesia TAG Aviation (Stansted)
737-400 CFM56 Aug-12 2 Purchase AAR Aircraft Sales & Leasing AERCO 2000-1 ABS Portfolio
737-400 CFM56 Aug-12 3 Purchase ASL Aviation Group Qantas
737-400 CFM56 Aug-12 1 Purchase Enter Air Volito Aviation Services
737-400 CFM56 Aug-12 1 Purchase SF Airlines Speed Star ( Hong Kong )
737-400 CFM56 Aug-12 1 Purchase - Lease Attached VEB-Leasing BBAM
737-400 CFM56 Sep-12 1 Purchase AAR Aircraft Sales & Leasing EAST 2000-1 ABS Portfolio
737-400 CFM56 Sep-12 1 Purchase Allied Air Prudential Retirement Insurance & Annuity Company
737-400 CFM56 Sep-12 2 Alaska Airlines Loan/Finance/Refinanced Citibank
737-400 CFM56 Sep-12 2 Hainan Airlines Finance Lease China Construction Bank
737-400 CFM56 Oct-12 1 Purchase China Postal Airlines Cosmos Posts&Telecommunications Intl Lsg
737-400 CFM56 Oct-12 1 Purchase Cosmos Posts&Telecommunications Intl Lsg ILFC
737-400 CFM56 Oct-12 1 Purchase GainJet Aviation KLM Royal Dutch Airlines
737-400 CFM56 Oct-12 2 Purchase Grandmax Group Japan TransOcean Air
737-400 CFM56 Oct-12 1 Safair Lease Finance Loan/Finance/Refinanced Investec Bank
737-400 CFM56 Nov-12 1 Purchase Aergo Capital AIRPT 2001-1 ABS Portfolio
737-400 CFM56 Nov-12 10 Purchase Malaysian Airlines AAR Aircraft Sales & Leasing
737-400 CFM56 Nov-12 1 Purchase Reliance Aircraft International Penerbangan Malaysia Berhad
737-400 CFM56 Dec-12 1 Purchase SF Airlines Fast Spread Investment
737-400 CFM56 Dec-12 1 Purchase Undisclosed Bank / Broker / Lessor Aircraft Solutions
737-400 CFM56 Dec-12 2 AerSale Loan/Finance/Refinanced Wells Fargo Bank
737-400 CFM56 Dec-12 1 AerSale Loan/Finance/Refinanced Wells Fargo Bank
737-500 CFM56 Jan-12 1 Purchase Aero Capital Solutions Volito Aviation Services
737-500 CFM56 Jan-12 1 Purchase BLF GECAS
737-500 CFM56 Jan-12 4 Purchase BLF United Airlines
737-500 CFM56 Jan-12 2 Purchase MidAmerican Aerospace Apollo Aviation Group
737-500 CFM56 Jan-12 4 Purchase United Airlines Undisclosed Bank / Broker / Lessor
737-500 CFM56 Jan-12 2 Purchase - Lease Attached ORIX Aviation GECAS
737-500 CFM56 Jan-12 1 Aero Capital Solutions Loan/Finance/Refinanced The Frost National Bank
737-500 CFM56 Feb-12 1 Purchase Av-Air All Nippon Airways
737-500 CFM56 Mar-12 1 Purchase Aero Capital Solutions Volito Aviation Services
737-500 CFM56 Mar-12 1 Purchase GHS Trade FZE Aerovista
737-500 CFM56 Mar-12 5 Purchase Nordavia - Regional Airlines AIRPT 2001-1 ABS Portfolio
737-500 CFM56 Mar-12 1 Purchase United Airlines Undisclosed Bank / Broker / Lessor
737-500 CFM56 Mar-12 1 Aero Capital Solutions Loan/Finance/Refinanced The Frost National Bank
737-500 CFM56 Apr-12 2 Purchase Universal Asset Management United Airlines
36 | Flightglobal Insight | AircrAft finAnce 2013 AircrAft finAnce 2013 |Flightglobal Insight | 37
AircrAft finAnce 2013
aircrafT finance deals announced in 2012
aircraft model engine type Month Number of aircraft
customer Deal structure arrangers Debt provider equity providers buyer Seller
737-400 CFM56 Jan-12 1 Purchase - Lease Attached KAL Aviation AAR Aircraft Sales & Leasing
737-400 CFM56 Jan-12 5 Purchase - Lease Attached ORIX Aviation GECAS
737-400 CFM56 Jan-12 2 Jetran International Loan/Finance/Refinanced Grand Bank of Texas
737-400 CFM56 Feb-12 1 Purchase Juliet Romeo Aviation CSDS Aircraft Sales & Leasing
737-400 CFM56 Feb-12 1 Purchase - Lease Attached Kahala Aviation First Greenwich Kahala
737-400 CFM56 Feb-12 2 Comair (South Africa) Loan/Finance/Refinanced Investec Bank
737-400 CFM56 Mar-12 4 Purchase Japan TransOcean Air MC Aviation Partners/Mitsubishi Corporation
737-400 CFM56 Mar-12 1 Purchase Jet Aviation FZC Boeing Capital
737-400 CFM56 Mar-12 1 Aviation Technologies Loan/Finance/Refinanced Jim Gallagher S.S
737-400 CFM56 Apr-12 1 Purchase ELTA Electronics AWAS
737-400 CFM56 Apr-12 1 Purchase KAL Aviation AAR Aircraft Sales & Leasing
737-400 CFM56 Apr-12 4 ILFC Capital Markets
737-400 CFM56 Apr-12 1 Juliet Romeo Aviation Loan/Finance/Refinanced Plainscapital Bank
737-400 CFM56 May-12 1 Purchase - Lease Attached VEB-Leasing AerCap
737-400 CFM56 May-12 1 Purchase - Lease Attached VEB-Leasing Aergo Capital
737-400 CFM56 May-12 1 Purchase Undisclosed Bank / Broker / Lessor EAST 2000-1 ABS Portfolio
737-400 CFM56 May-12 1 AerSale Loan/Finance/Refinanced Wells Fargo Bank
737-400 CFM56 Jun-12 1 Purchase Batavia Air AERCO 2000-1 ABS Portfolio
737-400 CFM56 Jun-12 1 Purchase Jetran International GECAS
737-400 CFM56 Jun-12 1 Purchase Undisclosed Bank / Broker / Lessor Qantas
737-400 CFM56 Jun-12 1 Jetran International Loan/Finance/Refinanced Trustmark National Bank (Texas)
737-400 CFM56 Jul-12 1 Purchase Aero Nusantara Indonesia TAG Aviation (Stansted)
737-400 CFM56 Aug-12 2 Purchase AAR Aircraft Sales & Leasing AERCO 2000-1 ABS Portfolio
737-400 CFM56 Aug-12 3 Purchase ASL Aviation Group Qantas
737-400 CFM56 Aug-12 1 Purchase Enter Air Volito Aviation Services
737-400 CFM56 Aug-12 1 Purchase SF Airlines Speed Star ( Hong Kong )
737-400 CFM56 Aug-12 1 Purchase - Lease Attached VEB-Leasing BBAM
737-400 CFM56 Sep-12 1 Purchase AAR Aircraft Sales & Leasing EAST 2000-1 ABS Portfolio
737-400 CFM56 Sep-12 1 Purchase Allied Air Prudential Retirement Insurance & Annuity Company
737-400 CFM56 Sep-12 2 Alaska Airlines Loan/Finance/Refinanced Citibank
737-400 CFM56 Sep-12 2 Hainan Airlines Finance Lease China Construction Bank
737-400 CFM56 Oct-12 1 Purchase China Postal Airlines Cosmos Posts&Telecommunications Intl Lsg
737-400 CFM56 Oct-12 1 Purchase Cosmos Posts&Telecommunications Intl Lsg ILFC
737-400 CFM56 Oct-12 1 Purchase GainJet Aviation KLM Royal Dutch Airlines
737-400 CFM56 Oct-12 2 Purchase Grandmax Group Japan TransOcean Air
737-400 CFM56 Oct-12 1 Safair Lease Finance Loan/Finance/Refinanced Investec Bank
737-400 CFM56 Nov-12 1 Purchase Aergo Capital AIRPT 2001-1 ABS Portfolio
737-400 CFM56 Nov-12 10 Purchase Malaysian Airlines AAR Aircraft Sales & Leasing
737-400 CFM56 Nov-12 1 Purchase Reliance Aircraft International Penerbangan Malaysia Berhad
737-400 CFM56 Dec-12 1 Purchase SF Airlines Fast Spread Investment
737-400 CFM56 Dec-12 1 Purchase Undisclosed Bank / Broker / Lessor Aircraft Solutions
737-400 CFM56 Dec-12 2 AerSale Loan/Finance/Refinanced Wells Fargo Bank
737-400 CFM56 Dec-12 1 AerSale Loan/Finance/Refinanced Wells Fargo Bank
737-500 CFM56 Jan-12 1 Purchase Aero Capital Solutions Volito Aviation Services
737-500 CFM56 Jan-12 1 Purchase BLF GECAS
737-500 CFM56 Jan-12 4 Purchase BLF United Airlines
737-500 CFM56 Jan-12 2 Purchase MidAmerican Aerospace Apollo Aviation Group
737-500 CFM56 Jan-12 4 Purchase United Airlines Undisclosed Bank / Broker / Lessor
737-500 CFM56 Jan-12 2 Purchase - Lease Attached ORIX Aviation GECAS
737-500 CFM56 Jan-12 1 Aero Capital Solutions Loan/Finance/Refinanced The Frost National Bank
737-500 CFM56 Feb-12 1 Purchase Av-Air All Nippon Airways
737-500 CFM56 Mar-12 1 Purchase Aero Capital Solutions Volito Aviation Services
737-500 CFM56 Mar-12 1 Purchase GHS Trade FZE Aerovista
737-500 CFM56 Mar-12 5 Purchase Nordavia - Regional Airlines AIRPT 2001-1 ABS Portfolio
737-500 CFM56 Mar-12 1 Purchase United Airlines Undisclosed Bank / Broker / Lessor
737-500 CFM56 Mar-12 1 Aero Capital Solutions Loan/Finance/Refinanced The Frost National Bank
737-500 CFM56 Apr-12 2 Purchase Universal Asset Management United Airlines
Source: Aviation Exchange (www.ascendworldwide.com/aviationexchange)
AircrAft finAnce 2013
38 | Flightglobal Insight | AircrAft finAnce 2013 AircrAft finAnce 2013 |Flightglobal Insight | 39
aircrafT finance deals announced in 2012
aircraft model engine type Month Number of aircraft
customer Deal structure arrangers Debt provider equity providers buyer Seller
737-500 CFM56 Apr-12 1 ILFC Capital Markets
737-500 CFM56 May-12 1 Purchase ARC Avionics Corp CIT Aerospace
737-500 CFM56 May-12 1 Purchase BLF United Airlines
737-500 CFM56 May-12 2 Purchase Universal Asset Management United Airlines
737-500 CFM56 Jun-12 5 Operating Lease - Sale and Lease Back Sberbank Leasing UTair
737-500 CFM56 Jul-12 1 Purchase Marsland Aerovista
737-500 CFM56 Aug-12 1 Purchase All Nippon Airways BBAM
737-500 CFM56 Aug-12 1 Purchase Buraq Air GECAS
737-500 CFM56 Aug-12 1 Purchase European Aviation Jeritt
737-500 CFM56 Aug-12 1 Purchase Marana Aerospace Solutions ARC Avionics
737-500 CFM56 Sep-12 1 Purchase Sibit.1 Sojitz Aircraft Leasing
737-500 CFM56 Oct-12 1 Purchase Aero Capital Solutions Volito Aviation Services
737-500 CFM56 Oct-12 4 Purchase airBaltic Marron Ventures
737-500 CFM56 Oct-12 2 Purchase Jetran International GECAS
737-500 CFM56 Oct-12 2 Jetran International Loan/Finance/Refinanced Grand Bank of Texas
737-500 CFM56 Nov-12 1 Purchase Air North AERCO 2000-1 ABS Portfolio
737-500 CFM56 Dec-12 2 Purchase BLF United Airlines
737-500 CFM56 Dec-12 2 Jetran International Loan/Finance/Refinanced Jione Financial
737-600 CFM56 May-12 1 Purchase AMES-CAMO Austrian
737-600 CFM56 Jun-12 1 Purchase - Lease Attached Apollo Aviation Group First Greenwich Kahala
737-600 CFM56 Aug-12 1 Purchase - Lease Attached Infinity Aviation Capital Lease Corporation International
737-600 CFM56 Dec-12 1 Purchase - Lease Attached Apollo Aviation Group BBAM
737-700 CFM56 Jan-12 1 BOC Aviation Loan/Finance/Refinanced NordLB
737-700 CFM56 Jan-12 1 ILFC Capital Markets
737-700 CFM56 Jan-12 15 Rostechnologii Group Pre Delivery Payment Bank of Moscow
737-700 CFM56 Feb-12 1 KLM Royal Dutch Airlines Tax Lease BBAM Nomura Babcock & Brown
737-700 CFM56 Feb-12 1 KLM Royal Dutch Airlines Tax Lease BBAM | DVB Bank Nomura Babcock & Brown
737-700 CFM56 Feb-12 1 Southwest Airlines Loan/Finance/Refinanced CIC Bank| Credit Agricole Corporate and Investment Bank
737-700 CFM56 Mar-12 1 Purchase - Lease Attached BBAM CIT Aerospace
737-700 CFM56 Mar-12 2 BOC Aviation Loan/Finance/Refinanced Development Bank of Japan
737-700 CFM56 Mar-12 1 China Southern Airlines Loan/Finance/Refinanced Bank of China
737-700 CFM56 Apr-12 1 AWAS Loan/Finance/Refinanced Goldman Sachs & Co
737-700 CFM56 Apr-12 1 BOC Aviation Loan/Finance/Refinanced DVB Bank
737-700 CFM56 Apr-12 1 ILFC Capital Markets
737-700 CFM56 May-12 3 Operating Lease - Sale and Lease Back Citicorp North America Alaska Airlines
737-700 CFM56 Jun-12 1 Purchase - Lease Attached Banc of America Leasing & Capital GECAS
737-700 CFM56 Jun-12 1 Purchase - Lease Attached MD Aviation Capital FLY Leasing
737-700 CFM56 Jun-12 2 Volito Aviation Services Loan/Finance/Refinanced GE Japan
737-700 CFM56 Sep-12 2 Purchase Magellan Group Bavaria Intl Aircraft Leasing & Co
737-700 CFM56 Oct-12 2 Purchase Air Do All Nippon Airways
737-700 CFM56 Oct-12 1 Purchase Intertrade PALS 1999-1 ABS Portfolio
737-700 CFM56 Oct-12 2 Purchase - Lease Attached Virgo Guggenheim Aviation Partners
737-700 CFM56 Oct-12 2 China Eastern Airlines Loan/Finance/Refinanced China Development Bank
737-700 CFM56 Oct-12 2 Virgo Loan/Finance/Refinanced DVB Bank
737-700 CFM56 Nov-12 2 Purchase GA Innovation China Apollo Aviation Group
737-700 CFM56 Nov-12 1 Purchase - Lease Attached Undisclosed Bank / Broker / Lessor Q Aviation
737-700 CFM56 Nov-12 1 Purchase - Lease Attached BOC Aviation Continuity Air Finance VII
737-700 CFM56 Nov-12 1 Purchase - Lease Attached BOC Aviation Continuity Air Finance VII
737-700 CFM56 Dec-12 2 DAE Capital Loan/Finance/Refinanced DVB Bank| PK AirFinance
737-700 CFM56 Dec-12 20 GECAS Capital Markets
737-800 CFM56 Jan-12 1 Operating Lease - Sale and Lease Back Avolon Aerospace Leasing Ryanair
737-800 CFM56 Jan-12 3 Operating Lease - Sale and Lease Back China Aircraft Leasing Shandong Airlines
737-800 CFM56 Jan-12 5 Operating Lease - Sale and Lease Back MC Aviation Partners/Mitsubishi Corporation Jet Airways
737-800 CFM56 Jan-12 1 Purchase VEB-Leasing Aircraft Leasing & Management
737-800 CFM56 Jan-12 1 Purchase - Lease Attached Grus Liability Sumisho Aircraft Asset Management
737-800 CFM56 Jan-12 1 Purchase - Lease Attached Undisclosed Bank / Broker / Lessor Volito Aviation Services
737-800 CFM56 Jan-12 1 AWAS Loan/Finance/Refinanced Helaba Landesbank Hessen Thuringen
38 | Flightglobal Insight | AircrAft finAnce 2013 AircrAft finAnce 2013 |Flightglobal Insight | 39
AircrAft finAnce 2013
aircrafT finance deals announced in 2012
aircraft model engine type Month Number of aircraft
customer Deal structure arrangers Debt provider equity providers buyer Seller
737-500 CFM56 Apr-12 1 ILFC Capital Markets
737-500 CFM56 May-12 1 Purchase ARC Avionics Corp CIT Aerospace
737-500 CFM56 May-12 1 Purchase BLF United Airlines
737-500 CFM56 May-12 2 Purchase Universal Asset Management United Airlines
737-500 CFM56 Jun-12 5 Operating Lease - Sale and Lease Back Sberbank Leasing UTair
737-500 CFM56 Jul-12 1 Purchase Marsland Aerovista
737-500 CFM56 Aug-12 1 Purchase All Nippon Airways BBAM
737-500 CFM56 Aug-12 1 Purchase Buraq Air GECAS
737-500 CFM56 Aug-12 1 Purchase European Aviation Jeritt
737-500 CFM56 Aug-12 1 Purchase Marana Aerospace Solutions ARC Avionics
737-500 CFM56 Sep-12 1 Purchase Sibit.1 Sojitz Aircraft Leasing
737-500 CFM56 Oct-12 1 Purchase Aero Capital Solutions Volito Aviation Services
737-500 CFM56 Oct-12 4 Purchase airBaltic Marron Ventures
737-500 CFM56 Oct-12 2 Purchase Jetran International GECAS
737-500 CFM56 Oct-12 2 Jetran International Loan/Finance/Refinanced Grand Bank of Texas
737-500 CFM56 Nov-12 1 Purchase Air North AERCO 2000-1 ABS Portfolio
737-500 CFM56 Dec-12 2 Purchase BLF United Airlines
737-500 CFM56 Dec-12 2 Jetran International Loan/Finance/Refinanced Jione Financial
737-600 CFM56 May-12 1 Purchase AMES-CAMO Austrian
737-600 CFM56 Jun-12 1 Purchase - Lease Attached Apollo Aviation Group First Greenwich Kahala
737-600 CFM56 Aug-12 1 Purchase - Lease Attached Infinity Aviation Capital Lease Corporation International
737-600 CFM56 Dec-12 1 Purchase - Lease Attached Apollo Aviation Group BBAM
737-700 CFM56 Jan-12 1 BOC Aviation Loan/Finance/Refinanced NordLB
737-700 CFM56 Jan-12 1 ILFC Capital Markets
737-700 CFM56 Jan-12 15 Rostechnologii Group Pre Delivery Payment Bank of Moscow
737-700 CFM56 Feb-12 1 KLM Royal Dutch Airlines Tax Lease BBAM Nomura Babcock & Brown
737-700 CFM56 Feb-12 1 KLM Royal Dutch Airlines Tax Lease BBAM | DVB Bank Nomura Babcock & Brown
737-700 CFM56 Feb-12 1 Southwest Airlines Loan/Finance/Refinanced CIC Bank| Credit Agricole Corporate and Investment Bank
737-700 CFM56 Mar-12 1 Purchase - Lease Attached BBAM CIT Aerospace
737-700 CFM56 Mar-12 2 BOC Aviation Loan/Finance/Refinanced Development Bank of Japan
737-700 CFM56 Mar-12 1 China Southern Airlines Loan/Finance/Refinanced Bank of China
737-700 CFM56 Apr-12 1 AWAS Loan/Finance/Refinanced Goldman Sachs & Co
737-700 CFM56 Apr-12 1 BOC Aviation Loan/Finance/Refinanced DVB Bank
737-700 CFM56 Apr-12 1 ILFC Capital Markets
737-700 CFM56 May-12 3 Operating Lease - Sale and Lease Back Citicorp North America Alaska Airlines
737-700 CFM56 Jun-12 1 Purchase - Lease Attached Banc of America Leasing & Capital GECAS
737-700 CFM56 Jun-12 1 Purchase - Lease Attached MD Aviation Capital FLY Leasing
737-700 CFM56 Jun-12 2 Volito Aviation Services Loan/Finance/Refinanced GE Japan
737-700 CFM56 Sep-12 2 Purchase Magellan Group Bavaria Intl Aircraft Leasing & Co
737-700 CFM56 Oct-12 2 Purchase Air Do All Nippon Airways
737-700 CFM56 Oct-12 1 Purchase Intertrade PALS 1999-1 ABS Portfolio
737-700 CFM56 Oct-12 2 Purchase - Lease Attached Virgo Guggenheim Aviation Partners
737-700 CFM56 Oct-12 2 China Eastern Airlines Loan/Finance/Refinanced China Development Bank
737-700 CFM56 Oct-12 2 Virgo Loan/Finance/Refinanced DVB Bank
737-700 CFM56 Nov-12 2 Purchase GA Innovation China Apollo Aviation Group
737-700 CFM56 Nov-12 1 Purchase - Lease Attached Undisclosed Bank / Broker / Lessor Q Aviation
737-700 CFM56 Nov-12 1 Purchase - Lease Attached BOC Aviation Continuity Air Finance VII
737-700 CFM56 Nov-12 1 Purchase - Lease Attached BOC Aviation Continuity Air Finance VII
737-700 CFM56 Dec-12 2 DAE Capital Loan/Finance/Refinanced DVB Bank| PK AirFinance
737-700 CFM56 Dec-12 20 GECAS Capital Markets
737-800 CFM56 Jan-12 1 Operating Lease - Sale and Lease Back Avolon Aerospace Leasing Ryanair
737-800 CFM56 Jan-12 3 Operating Lease - Sale and Lease Back China Aircraft Leasing Shandong Airlines
737-800 CFM56 Jan-12 5 Operating Lease - Sale and Lease Back MC Aviation Partners/Mitsubishi Corporation Jet Airways
737-800 CFM56 Jan-12 1 Purchase VEB-Leasing Aircraft Leasing & Management
737-800 CFM56 Jan-12 1 Purchase - Lease Attached Grus Liability Sumisho Aircraft Asset Management
737-800 CFM56 Jan-12 1 Purchase - Lease Attached Undisclosed Bank / Broker / Lessor Volito Aviation Services
737-800 CFM56 Jan-12 1 AWAS Loan/Finance/Refinanced Helaba Landesbank Hessen Thuringen
Source: Aviation Exchange (www.ascendworldwide.com/aviationexchange)
AircrAft finAnce 2013
40 | Flightglobal Insight | AircrAft finAnce 2013 AircrAft finAnce 2013 |Flightglobal Insight | 41
aircrafT finance deals announced in 2012
aircraft model engine type Month Number of aircraft
customer Deal structure arrangers Debt provider equity providers buyer Seller
737-800 CFM56 Jan-12 2 China Aircraft Leasing ECA / EXIM China Exim Bank
737-800 CFM56 Jan-12 3 Hainan Airlines Loan/Finance/Refinanced China Development Bank
737-800 CFM56 Jan-12 3 Korean Air Finance Lease Deutsche Bank AG| Korea Development Bank| CIC Bank Korea Development Bank| Deutsche Bank AG| CIC Bank
737-800 CFM56 Jan-12 1 Lion Air ECA / EXIM Northern Sky Investments 1F
737-800 CFM56 Jan-12 2 Pegasus Airlines ECA / EXIM JP Morgan Chase Bank JP Morgan Chase Bank
737-800 CFM56 Jan-12 25 Rostechnologii Group Pre Delivery Payment Bank of Moscow
737-800 CFM56 Jan-12 1 Shenzhen Airlines Loan/Finance/Refinanced Bank of China
737-800 CFM56 Jan-12 2 WestJet ECA / EXIM TD Bank
737-800 CFM56 Feb-12 1 Operating Lease - Sale and Lease Back AWAS GOL Linhas Aereas Inteligentes
737-800 CFM56 Feb-12 1 Operating Lease - Sale and Lease Back BBAM TUI Aviation
737-800 CFM56 Feb-12 1 Operating Lease - Sale and Lease Back GECAS American Airlines
737-800 CFM56 Feb-12 1 Operating Lease - Sale and Lease Back MC Aviation Partners/Mitsubishi Corporation SpiceJet
737-800 CFM56 Feb-12 1 Purchase SpiceJet Air Berlin
737-800 CFM56 Feb-12 5 Purchase - Lease Attached AWAS GECAS
737-800 CFM56 Feb-12 2 Purchase - Lease Attached Santos Dumont Aircraft Management RBS Aviation Capital
737-800 CFM56 Feb-12 4 Avolon Aerospace Leasing ECA / EXIM TD Bank
737-800 CFM56 Feb-12 5 AWAS Loan/Finance/Refinanced NordLB| Wells Fargo Bank
737-800 CFM56 Feb-12 3 China Southern Airlines Loan/Finance/Refinanced Bank of China
737-800 CFM56 Mar-12 2 Operating Lease - Sale and Lease Back Goiania Comercio E Servicos Internacionais Lda Aerosvit Airlines
737-800 CFM56 Mar-12 2 Operating Lease - Sale and Lease Back Jackson Square Aviation Virgin Australia
737-800 CFM56 Mar-12 1 Purchase - Lease Attached Aircastle Advisor GECAS
737-800 CFM56 Mar-12 1 Purchase - Lease Attached CIAF-Leasing ACAP 2005-3 ABS Portfolio
737-800 CFM56 Mar-12 1 Purchase - Lease Attached Mitsubishi UFJ Lease & Finance RBS Aviation Capital
737-800 CFM56 Mar-12 1 Air China Loan/Finance/Refinanced Bank of China
737-800 CFM56 Mar-12 1 China Southern Airlines Loan/Finance/Refinanced Bank of China
737-800 CFM56 Mar-12 1 CIAF-Leasing Loan/Finance/Refinanced DVB Bank
737-800 CFM56 Mar-12 1 Qantas Tax Lease Credit Agricole Corporate and Investment Bank Credit Agricole Corporate and Investment Bank
737-800 CFM56 Mar-12 2 Royal Air Maroc ECA / EXIM Sumitomo Mitsui Banking (SMBC)
737-800 CFM56 Mar-12 2 Ryanair Tax Lease BBAM | DVB Bank Nomura Babcock & Brown
737-800 CFM56 Mar-12 1 Shenzhen Airlines Loan/Finance/Refinanced Bank of China
737-800 CFM56 Mar-12 3 Shenzhen Airlines Loan/Finance/Refinanced Industrial and Commercial Bank of China (ICBC)
737-800 CFM56 Mar-12 1 United Airlines Loan/Finance/Refinanced Undisclosed Bank / Broker / Lessor
737-800 CFM56 Apr-12 1 Operating Lease - Sale and Lease Back MC Aviation Partners/Mitsubishi Corporation SpiceJet
737-800 CFM56 Apr-12 1 Purchase SpiceJet Air Berlin
737-800 CFM56 Apr-12 1 Purchase - Lease Attached ORIX Aviation RBS Aviation Capital
737-800 CFM56 Apr-12 2 Hainan Airlines ECA / EXIM China Exim Bank
737-800 CFM56 Apr-12 3 ILFC Capital Markets
737-800 CFM56 Apr-12 7 ILFC Loan/Finance/Refinanced DVB Bank
737-800 CFM56 May-12 2 Operating Lease - Sale and Lease Back Avolon Aerospace Leasing Jet Airways
737-800 CFM56 May-12 1 Operating Lease - Sale and Lease Back GECAS Lion Air
737-800 CFM56 May-12 2 Operating Lease - Sale and Lease Back Pembroke Group FlyDubai
737-800 CFM56 May-12 1 Purchase VTB-Leasing BBAM
737-800 CFM56 May-12 2 Purchase - Lease Attached ICBC Leasing RBS Aviation Capital
737-800 CFM56 May-12 1 Purchase - Lease Attached ORIX Aviation Aviation Capital Group
737-800 CFM56 May-12 1 Purchase - Lease Attached ORIX Aviation SMBC Aviation Capital
737-800 CFM56 May-12 3 Aeromexico ECA / EXIM HSBC Bank Citibank| HSBC Bank | Banco Nacional de Mexico
737-800 CFM56 May-12 3 Aviation Capital Group Capital Markets
737-800 CFM56 May-12 1 Aviation Capital Group ECA / EXIM Mitsubishi UFJ Financial Group
737-800 CFM56 May-12 2 Avolon Aerospace Leasing Loan/Finance/Refinanced DVB Bank
737-800 CFM56 May-12 2 CDB Leasing Loan/Finance/Refinanced Shanghai Pudong Development Bank
737-800 CFM56 May-12 2 China Southern Airlines Tax Lease BBAM Nomura Babcock & Brown
737-800 CFM56 May-12 1 China Southern Airlines Tax Lease BBAM DBS Bank Nomura Babcock & Brown
737-800 CFM56 May-12 1 CIT Aerospace ECA / EXIM PEFCO
737-800 CFM56 May-12 1 Jackson Square Aviation Loan/Finance/Refinanced KfW IPEX-Bank|Credit Agricole Corporate and Investment Bank|BNP Paribas
737-800 CFM56 May-12 1 Shandong Airlines Loan/Finance/Refinanced Industrial and Commercial Bank of China (ICBC)
737-800 CFM56 May-12 1 Titan Aviation Leasing Loan/Finance/Refinanced Helaba Landesbank Hessen Thuringen
737-800 CFM56 May-12 2 Turkish Airlines Tax Lease DVB Bank
40 | Flightglobal Insight | AircrAft finAnce 2013 AircrAft finAnce 2013 |Flightglobal Insight | 41
AircrAft finAnce 2013
aircrafT finance deals announced in 2012
aircraft model engine type Month Number of aircraft
customer Deal structure arrangers Debt provider equity providers buyer Seller
737-800 CFM56 Jan-12 2 China Aircraft Leasing ECA / EXIM China Exim Bank
737-800 CFM56 Jan-12 3 Hainan Airlines Loan/Finance/Refinanced China Development Bank
737-800 CFM56 Jan-12 3 Korean Air Finance Lease Deutsche Bank AG| Korea Development Bank| CIC Bank Korea Development Bank| Deutsche Bank AG| CIC Bank
737-800 CFM56 Jan-12 1 Lion Air ECA / EXIM Northern Sky Investments 1F
737-800 CFM56 Jan-12 2 Pegasus Airlines ECA / EXIM JP Morgan Chase Bank JP Morgan Chase Bank
737-800 CFM56 Jan-12 25 Rostechnologii Group Pre Delivery Payment Bank of Moscow
737-800 CFM56 Jan-12 1 Shenzhen Airlines Loan/Finance/Refinanced Bank of China
737-800 CFM56 Jan-12 2 WestJet ECA / EXIM TD Bank
737-800 CFM56 Feb-12 1 Operating Lease - Sale and Lease Back AWAS GOL Linhas Aereas Inteligentes
737-800 CFM56 Feb-12 1 Operating Lease - Sale and Lease Back BBAM TUI Aviation
737-800 CFM56 Feb-12 1 Operating Lease - Sale and Lease Back GECAS American Airlines
737-800 CFM56 Feb-12 1 Operating Lease - Sale and Lease Back MC Aviation Partners/Mitsubishi Corporation SpiceJet
737-800 CFM56 Feb-12 1 Purchase SpiceJet Air Berlin
737-800 CFM56 Feb-12 5 Purchase - Lease Attached AWAS GECAS
737-800 CFM56 Feb-12 2 Purchase - Lease Attached Santos Dumont Aircraft Management RBS Aviation Capital
737-800 CFM56 Feb-12 4 Avolon Aerospace Leasing ECA / EXIM TD Bank
737-800 CFM56 Feb-12 5 AWAS Loan/Finance/Refinanced NordLB| Wells Fargo Bank
737-800 CFM56 Feb-12 3 China Southern Airlines Loan/Finance/Refinanced Bank of China
737-800 CFM56 Mar-12 2 Operating Lease - Sale and Lease Back Goiania Comercio E Servicos Internacionais Lda Aerosvit Airlines
737-800 CFM56 Mar-12 2 Operating Lease - Sale and Lease Back Jackson Square Aviation Virgin Australia
737-800 CFM56 Mar-12 1 Purchase - Lease Attached Aircastle Advisor GECAS
737-800 CFM56 Mar-12 1 Purchase - Lease Attached CIAF-Leasing ACAP 2005-3 ABS Portfolio
737-800 CFM56 Mar-12 1 Purchase - Lease Attached Mitsubishi UFJ Lease & Finance RBS Aviation Capital
737-800 CFM56 Mar-12 1 Air China Loan/Finance/Refinanced Bank of China
737-800 CFM56 Mar-12 1 China Southern Airlines Loan/Finance/Refinanced Bank of China
737-800 CFM56 Mar-12 1 CIAF-Leasing Loan/Finance/Refinanced DVB Bank
737-800 CFM56 Mar-12 1 Qantas Tax Lease Credit Agricole Corporate and Investment Bank Credit Agricole Corporate and Investment Bank
737-800 CFM56 Mar-12 2 Royal Air Maroc ECA / EXIM Sumitomo Mitsui Banking (SMBC)
737-800 CFM56 Mar-12 2 Ryanair Tax Lease BBAM | DVB Bank Nomura Babcock & Brown
737-800 CFM56 Mar-12 1 Shenzhen Airlines Loan/Finance/Refinanced Bank of China
737-800 CFM56 Mar-12 3 Shenzhen Airlines Loan/Finance/Refinanced Industrial and Commercial Bank of China (ICBC)
737-800 CFM56 Mar-12 1 United Airlines Loan/Finance/Refinanced Undisclosed Bank / Broker / Lessor
737-800 CFM56 Apr-12 1 Operating Lease - Sale and Lease Back MC Aviation Partners/Mitsubishi Corporation SpiceJet
737-800 CFM56 Apr-12 1 Purchase SpiceJet Air Berlin
737-800 CFM56 Apr-12 1 Purchase - Lease Attached ORIX Aviation RBS Aviation Capital
737-800 CFM56 Apr-12 2 Hainan Airlines ECA / EXIM China Exim Bank
737-800 CFM56 Apr-12 3 ILFC Capital Markets
737-800 CFM56 Apr-12 7 ILFC Loan/Finance/Refinanced DVB Bank
737-800 CFM56 May-12 2 Operating Lease - Sale and Lease Back Avolon Aerospace Leasing Jet Airways
737-800 CFM56 May-12 1 Operating Lease - Sale and Lease Back GECAS Lion Air
737-800 CFM56 May-12 2 Operating Lease - Sale and Lease Back Pembroke Group FlyDubai
737-800 CFM56 May-12 1 Purchase VTB-Leasing BBAM
737-800 CFM56 May-12 2 Purchase - Lease Attached ICBC Leasing RBS Aviation Capital
737-800 CFM56 May-12 1 Purchase - Lease Attached ORIX Aviation Aviation Capital Group
737-800 CFM56 May-12 1 Purchase - Lease Attached ORIX Aviation SMBC Aviation Capital
737-800 CFM56 May-12 3 Aeromexico ECA / EXIM HSBC Bank Citibank| HSBC Bank | Banco Nacional de Mexico
737-800 CFM56 May-12 3 Aviation Capital Group Capital Markets
737-800 CFM56 May-12 1 Aviation Capital Group ECA / EXIM Mitsubishi UFJ Financial Group
737-800 CFM56 May-12 2 Avolon Aerospace Leasing Loan/Finance/Refinanced DVB Bank
737-800 CFM56 May-12 2 CDB Leasing Loan/Finance/Refinanced Shanghai Pudong Development Bank
737-800 CFM56 May-12 2 China Southern Airlines Tax Lease BBAM Nomura Babcock & Brown
737-800 CFM56 May-12 1 China Southern Airlines Tax Lease BBAM DBS Bank Nomura Babcock & Brown
737-800 CFM56 May-12 1 CIT Aerospace ECA / EXIM PEFCO
737-800 CFM56 May-12 1 Jackson Square Aviation Loan/Finance/Refinanced KfW IPEX-Bank|Credit Agricole Corporate and Investment Bank|BNP Paribas
737-800 CFM56 May-12 1 Shandong Airlines Loan/Finance/Refinanced Industrial and Commercial Bank of China (ICBC)
737-800 CFM56 May-12 1 Titan Aviation Leasing Loan/Finance/Refinanced Helaba Landesbank Hessen Thuringen
737-800 CFM56 May-12 2 Turkish Airlines Tax Lease DVB Bank
Source: Aviation Exchange (www.ascendworldwide.com/aviationexchange)
AircrAft finAnce 2013
42 | Flightglobal Insight | AircrAft finAnce 2013 AircrAft finAnce 2013 |Flightglobal Insight | 43
aircrafT finance deals announced in 2012
aircraft model engine type Month Number of aircraft
customer Deal structure arrangers Debt provider equity providers buyer Seller
737-800 CFM56 Jun-12 2 Operating Lease - Sale and Lease Back CDB Leasing Lion Air
737-800 CFM56 Jun-12 1 Operating Lease - Sale and Lease Back GECAS Lion Air
737-800 CFM56 Jun-12 2 Operating Lease - Sale and Lease Back Jackson Square Aviation Air Berlin
737-800 CFM56 Jun-12 1 Purchase Blade Leasing Mitsui Bussan Aerospace
737-800 CFM56 Jun-12 2 Purchase Orenair Air Berlin
737-800 CFM56 Jun-12 2 Purchase - Lease Attached Aircastle Advisor CIT Aerospace
737-800 CFM56 Jun-12 1 Purchase - Lease Attached Aircastle Advisor Santos Dumont Aircraft Management
737-800 CFM56 Jun-12 1 Purchase - Lease Attached ORIX Aviation SMBC Aviation Capital
737-800 CFM56 Jun-12 1 Purchase - Lease Attached Santos Dumont Aircraft Management DEFAG Leasing
737-800 CFM56 Jun-12 1 AWAS Capital Markets
737-800 CFM56 Jun-12 3 AWAS ECA / EXIM Natixis PEFCO
737-800 CFM56 Jun-12 1 China Aircraft Leasing ECA / EXIM China Exim Bank
737-800 CFM56 Jun-12 2 China Southern Airlines Tax Lease Commerzbank Yamasa Co
737-800 CFM56 Jun-12 2 Comair (South Africa) ECA / EXIM PEFCO
737-800 CFM56 Jun-12 2 Investec Global Aircraft Fund Loan/Finance/Refinanced DVB Bank| Investec Bank
737-800 CFM56 Jun-12 1 Jackson Square Aviation Loan/Finance/Refinanced DVB Bank
737-800 CFM56 Jun-12 4 UTair ECA / EXIM PEFCO
737-800 CFM56 Jun-12 2 Virgin Australia Loan/Finance/Refinanced Credit Agricole Corporate and Investment Bank
737-800 CFM56 Jun-12 2 Volito Aviation Services Loan/Finance/Refinanced GE Japan
737-800 CFM56 Jul-12 1 Aviation Capital Group ECA / EXIM Mitsubishi UFJ Financial Group
737-800 CFM56 Jul-12 1 Operating Lease - Sale and Lease Back CIT Aerospace GOL Linhas Aereas Inteligentes
737-800 CFM56 Jul-12 2 Operating Lease - Sale and Lease Back GECAS Air Berlin
737-800 CFM56 Jul-12 3 Operating Lease - Sale and Lease Back Pembroke Group Malaysia Airlines
737-800 CFM56 Jul-12 1 Purchase Hainan Airlines ICBC Leasing
737-800 CFM56 Jul-12 2 GECAS Loan/Finance/Refinanced DVB Bank| Dubai Islamic Bank
737-800 CFM56 Jul-12 1 Hainan Airlines Loan/Finance/Refinanced China Exim Bank
737-800 CFM56 Jul-12 7 Ryanair Capital Markets
737-800 CFM56 Aug-12 1 Aviation Capital Group ECA / EXIM Mitsubishi UFJ Financial Group
737-800 CFM56 Aug-12 4 Operating Lease - Sale and Lease Back Aircastle Advisor Jet Airways
737-800 CFM56 Aug-12 2 Purchase - Lease Attached FLY Leasing BBAM
737-800 CFM56 Aug-12 2 AerCap Loan/Finance/Refinanced UBS
737-800 CFM56 Aug-12 3 ASL Aviation Group Loan/Finance/Refinanced FirstRand Bank
737-800 CFM56 Aug-12 2 Hainan Airlines ECA / EXIM China Exim Bank
737-800 CFM56 Aug-12 1 Hainan Airlines Loan/Finance/Refinanced China Exim Bank
737-800 CFM56 Aug-12 3 Shenzhen Airlines Loan/Finance/Refinanced China Everbright Bank
737-800 CFM56 Sep-12 5 Operating Lease - Sale and Lease Back Avolon Aerospace Leasing American Airlines
737-800 CFM56 Sep-12 2 Operating Lease - Sale and Lease Back CCB Financial Leasing Corporation Shenzhen Airlines
737-800 CFM56 Sep-12 5 Operating Lease - Sale and Lease Back GECAS Lion Air
737-800 CFM56 Sep-12 1 Purchase Hebei Airlines Xiamen Airlines
737-800 CFM56 Sep-12 2 Purchase - Lease Attached BoCom Leasing GECAS
737-800 CFM56 Sep-12 1 Purchase - Lease Attached Orix Avolon Aerospace Leasing
737-800 CFM56 Sep-12 1 Air China Loan/Finance/Refinanced Bank of China
737-800 CFM56 Sep-12 1 AWAS ECA / EXIM PEFCO
737-800 CFM56 Sep-12 2 AWAS Loan/Finance/Refinanced JP Morgan Chase Bank
737-800 CFM56 Sep-12 2 BoCom Leasing Loan/Finance/Refinanced Bank of China
737-800 CFM56 Sep-12 3 CDB Leasing Tax Lease Deutsche Bank AG| CIC Bank Deutsche Bank AG
737-800 CFM56 Sep-12 3 FlyDubai ECA / EXIM PEFCO
737-800 CFM56 Oct-12 1 Aviation Capital Group ECA / EXIM Mitsubishi UFJ Financial Group
737-800 CFM56 Oct-12 1 Operating Lease - Sale and Lease Back GECAS Air Berlin
737-800 CFM56 Oct-12 4 Operating Lease - Sale and Lease Back GECAS GOL Linhas Aereas Inteligentes
737-800 CFM56 Oct-12 3 Operating Lease - Sale and Lease Back Macquarie AirFinance Austrian
737-800 CFM56 Oct-12 6 Operating Lease - Sale and Lease Back Sojitz Aircraft Leasing Transavia Airlines
737-800 CFM56 Oct-12 1 Purchase - Lease Attached AWAS CIT Aerospace
737-800 CFM56 Oct-12 1 Purchase - Lease Attached Chishima Real Estate ORIX Aviation
737-800 CFM56 Oct-12 5 AerCap Loan/Finance/Refinanced Commonwealth Bank of Australia|NordLB|DVB Bank|Landesbank Hessen Thuringen Gironzentrale
737-800 CFM56 Oct-12 8 American Airlines Loan/Finance/Refinanced DVB Bank RPK Capital Management Group
737-800 CFM56 Oct-12 1 AWAS Loan/Finance/Refinanced DVB Bank
42 | Flightglobal Insight | AircrAft finAnce 2013 AircrAft finAnce 2013 |Flightglobal Insight | 43
AircrAft finAnce 2013
aircrafT finance deals announced in 2012
aircraft model engine type Month Number of aircraft
customer Deal structure arrangers Debt provider equity providers buyer Seller
737-800 CFM56 Jun-12 2 Operating Lease - Sale and Lease Back CDB Leasing Lion Air
737-800 CFM56 Jun-12 1 Operating Lease - Sale and Lease Back GECAS Lion Air
737-800 CFM56 Jun-12 2 Operating Lease - Sale and Lease Back Jackson Square Aviation Air Berlin
737-800 CFM56 Jun-12 1 Purchase Blade Leasing Mitsui Bussan Aerospace
737-800 CFM56 Jun-12 2 Purchase Orenair Air Berlin
737-800 CFM56 Jun-12 2 Purchase - Lease Attached Aircastle Advisor CIT Aerospace
737-800 CFM56 Jun-12 1 Purchase - Lease Attached Aircastle Advisor Santos Dumont Aircraft Management
737-800 CFM56 Jun-12 1 Purchase - Lease Attached ORIX Aviation SMBC Aviation Capital
737-800 CFM56 Jun-12 1 Purchase - Lease Attached Santos Dumont Aircraft Management DEFAG Leasing
737-800 CFM56 Jun-12 1 AWAS Capital Markets
737-800 CFM56 Jun-12 3 AWAS ECA / EXIM Natixis PEFCO
737-800 CFM56 Jun-12 1 China Aircraft Leasing ECA / EXIM China Exim Bank
737-800 CFM56 Jun-12 2 China Southern Airlines Tax Lease Commerzbank Yamasa Co
737-800 CFM56 Jun-12 2 Comair (South Africa) ECA / EXIM PEFCO
737-800 CFM56 Jun-12 2 Investec Global Aircraft Fund Loan/Finance/Refinanced DVB Bank| Investec Bank
737-800 CFM56 Jun-12 1 Jackson Square Aviation Loan/Finance/Refinanced DVB Bank
737-800 CFM56 Jun-12 4 UTair ECA / EXIM PEFCO
737-800 CFM56 Jun-12 2 Virgin Australia Loan/Finance/Refinanced Credit Agricole Corporate and Investment Bank
737-800 CFM56 Jun-12 2 Volito Aviation Services Loan/Finance/Refinanced GE Japan
737-800 CFM56 Jul-12 1 Aviation Capital Group ECA / EXIM Mitsubishi UFJ Financial Group
737-800 CFM56 Jul-12 1 Operating Lease - Sale and Lease Back CIT Aerospace GOL Linhas Aereas Inteligentes
737-800 CFM56 Jul-12 2 Operating Lease - Sale and Lease Back GECAS Air Berlin
737-800 CFM56 Jul-12 3 Operating Lease - Sale and Lease Back Pembroke Group Malaysia Airlines
737-800 CFM56 Jul-12 1 Purchase Hainan Airlines ICBC Leasing
737-800 CFM56 Jul-12 2 GECAS Loan/Finance/Refinanced DVB Bank| Dubai Islamic Bank
737-800 CFM56 Jul-12 1 Hainan Airlines Loan/Finance/Refinanced China Exim Bank
737-800 CFM56 Jul-12 7 Ryanair Capital Markets
737-800 CFM56 Aug-12 1 Aviation Capital Group ECA / EXIM Mitsubishi UFJ Financial Group
737-800 CFM56 Aug-12 4 Operating Lease - Sale and Lease Back Aircastle Advisor Jet Airways
737-800 CFM56 Aug-12 2 Purchase - Lease Attached FLY Leasing BBAM
737-800 CFM56 Aug-12 2 AerCap Loan/Finance/Refinanced UBS
737-800 CFM56 Aug-12 3 ASL Aviation Group Loan/Finance/Refinanced FirstRand Bank
737-800 CFM56 Aug-12 2 Hainan Airlines ECA / EXIM China Exim Bank
737-800 CFM56 Aug-12 1 Hainan Airlines Loan/Finance/Refinanced China Exim Bank
737-800 CFM56 Aug-12 3 Shenzhen Airlines Loan/Finance/Refinanced China Everbright Bank
737-800 CFM56 Sep-12 5 Operating Lease - Sale and Lease Back Avolon Aerospace Leasing American Airlines
737-800 CFM56 Sep-12 2 Operating Lease - Sale and Lease Back CCB Financial Leasing Corporation Shenzhen Airlines
737-800 CFM56 Sep-12 5 Operating Lease - Sale and Lease Back GECAS Lion Air
737-800 CFM56 Sep-12 1 Purchase Hebei Airlines Xiamen Airlines
737-800 CFM56 Sep-12 2 Purchase - Lease Attached BoCom Leasing GECAS
737-800 CFM56 Sep-12 1 Purchase - Lease Attached Orix Avolon Aerospace Leasing
737-800 CFM56 Sep-12 1 Air China Loan/Finance/Refinanced Bank of China
737-800 CFM56 Sep-12 1 AWAS ECA / EXIM PEFCO
737-800 CFM56 Sep-12 2 AWAS Loan/Finance/Refinanced JP Morgan Chase Bank
737-800 CFM56 Sep-12 2 BoCom Leasing Loan/Finance/Refinanced Bank of China
737-800 CFM56 Sep-12 3 CDB Leasing Tax Lease Deutsche Bank AG| CIC Bank Deutsche Bank AG
737-800 CFM56 Sep-12 3 FlyDubai ECA / EXIM PEFCO
737-800 CFM56 Oct-12 1 Aviation Capital Group ECA / EXIM Mitsubishi UFJ Financial Group
737-800 CFM56 Oct-12 1 Operating Lease - Sale and Lease Back GECAS Air Berlin
737-800 CFM56 Oct-12 4 Operating Lease - Sale and Lease Back GECAS GOL Linhas Aereas Inteligentes
737-800 CFM56 Oct-12 3 Operating Lease - Sale and Lease Back Macquarie AirFinance Austrian
737-800 CFM56 Oct-12 6 Operating Lease - Sale and Lease Back Sojitz Aircraft Leasing Transavia Airlines
737-800 CFM56 Oct-12 1 Purchase - Lease Attached AWAS CIT Aerospace
737-800 CFM56 Oct-12 1 Purchase - Lease Attached Chishima Real Estate ORIX Aviation
737-800 CFM56 Oct-12 5 AerCap Loan/Finance/Refinanced Commonwealth Bank of Australia|NordLB|DVB Bank|Landesbank Hessen Thuringen Gironzentrale
737-800 CFM56 Oct-12 8 American Airlines Loan/Finance/Refinanced DVB Bank RPK Capital Management Group
737-800 CFM56 Oct-12 1 AWAS Loan/Finance/Refinanced DVB Bank
Source: Aviation Exchange
AircrAft finAnce 2013
44 | Flightglobal Insight | AircrAft finAnce 2013 AircrAft finAnce 2013 |Flightglobal Insight | 45
aircrafT finance deals announced in 2012
aircraft model engine type Month Number of aircraft
customer Deal structure arrangers Debt provider equity providers buyer Seller
737-800 CFM56 Oct-12 1 China Eastern Airlines Loan/Finance/Refinanced China Development Bank
737-800 CFM56 Oct-12 1 KLM Royal Dutch Airlines Tax Lease BNP Paribas| DBS Bank
737-800 CFM56 Oct-12 1 KLM Royal Dutch Airlines Tax Lease Credit Agricole Corporate and Investment Bank BOT Lease
737-800 CFM56 Oct-12 1 KLM Royal Dutch Airlines Tax Lease Credit Agricole Corporate and Investment Bank|Korea Development Bank Credit Agricole Corporate and Investment Bank| Korea Development Bank
737-800 CFM56 Oct-12 1 United Airlines Loan/Finance/Refinanced Undisclosed Bank / Broker / Lessor
737-800 CFM56 Nov-12 1 Aviation Capital Group ECA / EXIM Mitsubishi UFJ Financial Group
737-800 CFM56 Nov-12 8 Operating Lease - Sale and Lease Back BOC Aviation GOL Linhas Aereas Inteligentes
737-800 CFM56 Nov-12 6 Operating Lease - Sale and Lease Back BOC Aviation Lion Air
737-800 CFM56 Nov-12 2 Operating Lease - Sale and Lease Back SMBC Aviation Capital GOL Linhas Aereas Inteligentes
737-800 CFM56 Nov-12 1 Purchase Killick Aerospace Austrian
737-800 CFM56 Nov-12 1 Purchase ST Aerospace Engines Jet Airways
737-800 CFM56 Nov-12 1 Purchase - Lease Attached AWAS Undisclosed Bank / Broker / Lessor
737-800 CFM56 Nov-12 1 Purchase - Lease Attached ORIX Aviation AWAS
737-800 CFM56 Nov-12 1 Operating Lease - Sale and Lease Back BoCom Leasing Hainan Airlines
737-800 CFM56 Nov-12 2 AWAS Loan/Finance/Refinanced DVB Bank DVB Bank
737-800 CFM56 Nov-12 4 Shandong Airlines Loan/Finance/Refinanced China Development Bank
737-800 CFM56 Nov-12 2 TUI Aviation Tax Lease BBAM | Natixis Nomura Babcock & Brown
737-800 CFM56 Dec-12 1 Aviation Capital Group ECA / EXIM Mitsubishi UFJ Financial Group
737-800 CFM56 Dec-12 4 Operating Lease - Sale and Lease Back Avolon Aerospace Leasing Ryanair
737-800 CFM56 Dec-12 1 Operating Lease - Sale and Lease Back AWAS Air Berlin
737-800 CFM56 Dec-12 3 Operating Lease - Sale and Lease Back AWAS KLM Royal Dutch Airlines
737-800 CFM56 Dec-12 3 Operating Lease - Sale and Lease Back Hong Kong Aviation Capital Hainan Airlines
737-800 CFM56 Dec-12 1 Purchase Hebei Airlines Hainan Airlines
737-800 CFM56 Dec-12 4 Purchase Japan Airlines GECAS
737-800 CFM56 Dec-12 1 Purchase Killick Aerospace Austrian
737-800 CFM56 Dec-12 1 Purchase - Lease Attached AWAS BBAM
737-800 CFM56 Dec-12 1 Purchase - Lease Attached AWAS CIT Aerospace
737-800 CFM56 Dec-12 1 Purchase - Lease Attached AWAS Undisclosed Bank / Broker / Lessor
737-800 CFM56 Dec-12 1 Purchase - Lease Attached ICBC Leasing SMBC Aviation Capital
737-800 CFM56 Dec-12 2 Purchase - Lease Attached Investec Aircraft Syndicate GECAS
737-800 CFM56 Dec-12 1 Purchase - Lease Attached Pembroke Group SMBC Aviation Capital
737-800 CFM56 Dec-12 10 AerCap Pre Delivery Payment DBS Bank
737-800 CFM56 Dec-12 2 Avolon Aerospace Leasing Loan/Finance/Refinanced Commonwealth Bank of Australia
737-800 CFM56 Dec-12 1 Avolon Aerospace Leasing Loan/Finance/Refinanced Deutsche Bank|BNP Paribas|Credit Agricole Corporate and Investment Bank|UBS|KfW IPEX-Bank
737-800 CFM56 Dec-12 3 AWAS Loan/Finance/Refinanced DVB Bank
737-800 CFM56 Dec-12 5 AWAS Pre Delivery Payment Credit Agricole Corporate and Investment Bank
737-800 CFM56 Dec-12 2 DAE Capital Loan/Finance/Refinanced DVB Bank| PK AirFinance
737-800 CFM56 Dec-12 10 GECAS Capital Markets
737-800 CFM56 Dec-12 3 Hainan Airlines Pre Delivery Payment Hong Kong Aviation Capital
737-800 CFM56 Dec-12 2 Investec Aircraft Syndicate Loan/Finance/Refinanced NordLB
737-800 CFM56 Dec-12 1 Luxair Finance Lease Ellege Lgit
737-800 CFM56 Dec-12 4 Shenzhen Airlines Loan/Finance/Refinanced Bank of China
737-800 CFM56 Dec-12 10 TUI Aviation Pre Delivery Payment DVB Bank
737-800 CFM56 Dec-12 1 Xiamen Airlines Loan/Finance/Refinanced China Development Bank
737-900 CFM56 Jan-12 2 El Al Pre Delivery Payment ING Bank
737-900 CFM56 Jan-12 10 Rostechnologii Group Pre Delivery Payment Bank of Moscow
737-900 CFM56 Jan-12 7 Turkish Airlines ECA / EXIM ING Bank|NordLB ING Bank| NordLB
737-900 CFM56 Feb-12 4 Lion Air Capital Markets
737-900 CFM56 Mar-12 17 Continental Airlines Capital Markets
737-900 CFM56 Jul-12 2 Jackson Square Aviation ECA / EXIM TD Bank
737-900 CFM56 Aug-12 2 Operating Lease - Sale and Lease Back Jackson Square Aviation Lion Air
737-900 CFM56 Sep-12 18 Continental Airlines Capital Markets
737-900 CFM56 Nov-12 3 Operating Lease - Sale and Lease Back BOC Aviation Lion Air
747-400 CF6 Jan-12 2 Purchase Deucalion Aviation Funds Lufthansa
747-400 CF6 Jan-12 6 AerSale Loan/Finance/Refinanced Wells Fargo Bank
747-400 CF6 Jan-12 1 ILFC Capital Markets
747-400 PW4000 Feb-12 1 Purchase Scaled Composites United Airlines
44 | Flightglobal Insight | AircrAft finAnce 2013 AircrAft finAnce 2013 |Flightglobal Insight | 45
AircrAft finAnce 2013
aircrafT finance deals announced in 2012
aircraft model engine type Month Number of aircraft
customer Deal structure arrangers Debt provider equity providers buyer Seller
737-800 CFM56 Oct-12 1 China Eastern Airlines Loan/Finance/Refinanced China Development Bank
737-800 CFM56 Oct-12 1 KLM Royal Dutch Airlines Tax Lease BNP Paribas| DBS Bank
737-800 CFM56 Oct-12 1 KLM Royal Dutch Airlines Tax Lease Credit Agricole Corporate and Investment Bank BOT Lease
737-800 CFM56 Oct-12 1 KLM Royal Dutch Airlines Tax Lease Credit Agricole Corporate and Investment Bank|Korea Development Bank Credit Agricole Corporate and Investment Bank| Korea Development Bank
737-800 CFM56 Oct-12 1 United Airlines Loan/Finance/Refinanced Undisclosed Bank / Broker / Lessor
737-800 CFM56 Nov-12 1 Aviation Capital Group ECA / EXIM Mitsubishi UFJ Financial Group
737-800 CFM56 Nov-12 8 Operating Lease - Sale and Lease Back BOC Aviation GOL Linhas Aereas Inteligentes
737-800 CFM56 Nov-12 6 Operating Lease - Sale and Lease Back BOC Aviation Lion Air
737-800 CFM56 Nov-12 2 Operating Lease - Sale and Lease Back SMBC Aviation Capital GOL Linhas Aereas Inteligentes
737-800 CFM56 Nov-12 1 Purchase Killick Aerospace Austrian
737-800 CFM56 Nov-12 1 Purchase ST Aerospace Engines Jet Airways
737-800 CFM56 Nov-12 1 Purchase - Lease Attached AWAS Undisclosed Bank / Broker / Lessor
737-800 CFM56 Nov-12 1 Purchase - Lease Attached ORIX Aviation AWAS
737-800 CFM56 Nov-12 1 Operating Lease - Sale and Lease Back BoCom Leasing Hainan Airlines
737-800 CFM56 Nov-12 2 AWAS Loan/Finance/Refinanced DVB Bank DVB Bank
737-800 CFM56 Nov-12 4 Shandong Airlines Loan/Finance/Refinanced China Development Bank
737-800 CFM56 Nov-12 2 TUI Aviation Tax Lease BBAM | Natixis Nomura Babcock & Brown
737-800 CFM56 Dec-12 1 Aviation Capital Group ECA / EXIM Mitsubishi UFJ Financial Group
737-800 CFM56 Dec-12 4 Operating Lease - Sale and Lease Back Avolon Aerospace Leasing Ryanair
737-800 CFM56 Dec-12 1 Operating Lease - Sale and Lease Back AWAS Air Berlin
737-800 CFM56 Dec-12 3 Operating Lease - Sale and Lease Back AWAS KLM Royal Dutch Airlines
737-800 CFM56 Dec-12 3 Operating Lease - Sale and Lease Back Hong Kong Aviation Capital Hainan Airlines
737-800 CFM56 Dec-12 1 Purchase Hebei Airlines Hainan Airlines
737-800 CFM56 Dec-12 4 Purchase Japan Airlines GECAS
737-800 CFM56 Dec-12 1 Purchase Killick Aerospace Austrian
737-800 CFM56 Dec-12 1 Purchase - Lease Attached AWAS BBAM
737-800 CFM56 Dec-12 1 Purchase - Lease Attached AWAS CIT Aerospace
737-800 CFM56 Dec-12 1 Purchase - Lease Attached AWAS Undisclosed Bank / Broker / Lessor
737-800 CFM56 Dec-12 1 Purchase - Lease Attached ICBC Leasing SMBC Aviation Capital
737-800 CFM56 Dec-12 2 Purchase - Lease Attached Investec Aircraft Syndicate GECAS
737-800 CFM56 Dec-12 1 Purchase - Lease Attached Pembroke Group SMBC Aviation Capital
737-800 CFM56 Dec-12 10 AerCap Pre Delivery Payment DBS Bank
737-800 CFM56 Dec-12 2 Avolon Aerospace Leasing Loan/Finance/Refinanced Commonwealth Bank of Australia
737-800 CFM56 Dec-12 1 Avolon Aerospace Leasing Loan/Finance/Refinanced Deutsche Bank|BNP Paribas|Credit Agricole Corporate and Investment Bank|UBS|KfW IPEX-Bank
737-800 CFM56 Dec-12 3 AWAS Loan/Finance/Refinanced DVB Bank
737-800 CFM56 Dec-12 5 AWAS Pre Delivery Payment Credit Agricole Corporate and Investment Bank
737-800 CFM56 Dec-12 2 DAE Capital Loan/Finance/Refinanced DVB Bank| PK AirFinance
737-800 CFM56 Dec-12 10 GECAS Capital Markets
737-800 CFM56 Dec-12 3 Hainan Airlines Pre Delivery Payment Hong Kong Aviation Capital
737-800 CFM56 Dec-12 2 Investec Aircraft Syndicate Loan/Finance/Refinanced NordLB
737-800 CFM56 Dec-12 1 Luxair Finance Lease Ellege Lgit
737-800 CFM56 Dec-12 4 Shenzhen Airlines Loan/Finance/Refinanced Bank of China
737-800 CFM56 Dec-12 10 TUI Aviation Pre Delivery Payment DVB Bank
737-800 CFM56 Dec-12 1 Xiamen Airlines Loan/Finance/Refinanced China Development Bank
737-900 CFM56 Jan-12 2 El Al Pre Delivery Payment ING Bank
737-900 CFM56 Jan-12 10 Rostechnologii Group Pre Delivery Payment Bank of Moscow
737-900 CFM56 Jan-12 7 Turkish Airlines ECA / EXIM ING Bank|NordLB ING Bank| NordLB
737-900 CFM56 Feb-12 4 Lion Air Capital Markets
737-900 CFM56 Mar-12 17 Continental Airlines Capital Markets
737-900 CFM56 Jul-12 2 Jackson Square Aviation ECA / EXIM TD Bank
737-900 CFM56 Aug-12 2 Operating Lease - Sale and Lease Back Jackson Square Aviation Lion Air
737-900 CFM56 Sep-12 18 Continental Airlines Capital Markets
737-900 CFM56 Nov-12 3 Operating Lease - Sale and Lease Back BOC Aviation Lion Air
747-400 CF6 Jan-12 2 Purchase Deucalion Aviation Funds Lufthansa
747-400 CF6 Jan-12 6 AerSale Loan/Finance/Refinanced Wells Fargo Bank
747-400 CF6 Jan-12 1 ILFC Capital Markets
747-400 PW4000 Feb-12 1 Purchase Scaled Composites United Airlines
Source: Aviation Exchange
AircrAft finAnce 2013
46 | Flightglobal Insight | AircrAft finAnce 2013 AircrAft finAnce 2013 |Flightglobal Insight | 47
aircrafT finance deals announced in 2012
aircraft model engine type Month Number of aircraft
customer Deal structure arrangers Debt provider equity providers buyer Seller
747-400 PW4000 Mar-12 1 Purchase Scaled Composites United Airlines
747-400 CF6 May-12 4 Purchase Deucalion Aviation Funds All Nippon Airways
747-400 CF6 May-12 1 Purchase Orient Thai Airlines ILFC
747-400 PW4000 May-12 1 Purchase VEB-Leasing Singapore Airlines
747-400 CF6 May-12 4 Deucalion Aviation Funds Loan/Finance/Refinanced DVB Bank DVB Bank
747-400 PW4000 Jun-12 1 Purchase Air Atlanta Icelandic Rabobank
747-400 PW4000 Jun-12 2 Purchase - Lease Attached Undisclosed Bank / Broker / Lessor Q Aviation
747-400 CF6 Aug-12 1 Purchase EirTrade Aviation Ireland AWAS
747-400 PW4000 Aug-12 1 Purchase VEB-Leasing Singapore Airlines
747-400 PW4000 Sep-12 1 Purchase Boeing Aircraft Holding Korean Air
747-400 RB211 Sep-12 2 Purchase GA Telesis Cathay Pacific
747-400 PW4000 Oct-12 1 Purchase AerSale Penerbangan Malaysia Berhad
747-400 RB211 Oct-12 1 Purchase Av-Air Hong Kong Aviation Capital
747-400 RB211 Oct-12 1 Purchase GA Telesis AWAS
747-400 PW4000 Oct-12 1 AerSale Loan/Finance/Refinanced Wells Fargo Bank
747-400 PW4000 Nov-12 1 Purchase Midair Aircastle Advisor
747-400 RB211 Nov-12 1 Purchase Undisclosed Bank / Broker / Lessor Hong Kong Aviation Capital
747-400 PW4000 Dec-12 1 Purchase AerSale Penerbangan Malaysia Berhad
747-400 PW4000 Dec-12 1 Purchase Universal Asset Management United Airlines
747-400 PW4000 Dec-12 1 AerSale Loan/Finance/Refinanced Wells Fargo Bank
747-400 Combi CF6 Jul-12 1 Purchase Deucalion Aviation Funds Lufthansa
747-400 Combi CF6 Aug-12 1 Purchase Deucalion Aviation Funds Lufthansa
747-400 Combi CF6 Oct-12 1 Purchase Deucalion Aviation Funds Lufthansa
747-400 Combi CF6 Nov-12 1 Purchase AerSale EVA Air
747-400 Combi CF6 Nov-12 1 AerSale Loan/Finance/Refinanced Wells Fargo Bank
747-400BCF PW4000 Apr-12 1 Purchase Boeing Aircraft Holding Korean Air
747-400ER CF6 Mar-12 2 Atlas Air Loan/Finance/Refinanced CIT Aerospace CIT Bank
747-400ERF CF6 Jan-12 1 ILFC Capital Markets
747-400ERF PW4000 Jan-12 1 Korean Air Finance Lease Deutsche Bank AG|Korea Development Bank|CIC Bank Korea Development Bank| Deutsche Bank CIC Bank
747-400F CF6 Jun-12 1 Purchase - Lease Attached Aircastle Advisor Deucalion Aviation Funds
747-400F CF6 Dec-12 3 GECAS Capital Markets
747-400SF CF6 Jan-12 1 Purchase KV Aviation Deucalion Aviation Funds
747-400SF CF6 Jan-12 1 KV Aviation Loan/Finance/Refinanced DVB Bank
747-400SF PW4000 May-12 1 Purchase Air China Cargo Cathay Pacific
747-400SF CF6 Dec-12 3 Purchase - Lease Attached Undisclosed Bank / Broker / Lessor CDB Leasing
747-8F GEnx Jan-12 5 AirBridgeCargo Finance Lease Citibank| DVB Bank| HSBC Bank | NordLB
747-8F GEnx Jan-12 6 Atlas Air ECA / EXIM Apple Bank
747-8F GEnx Jun-12 1 Atlas Air Capital Markets
747-8F GEnx Jul-12 1 Atlas Air Capital Markets
747-8F GEnx Oct-12 1 Atlas Air Capital Markets
747-8F GEnx Nov-12 1 Cargolux ECA / EXIM PEFCO
747-8F GEnx Dec-12 1 Atlas Air Capital Markets
747-8F GEnx Dec-12 1 Korean Air ECA / EXIM Goldman Sachs & Co| Credit Agricole Corporate and Investment Bank
747-8F GEnx Dec-12 1 Nippon Cargo Airlines Operating Lease - Sale and Lease Back The Bank of Mitsubishi Tokyo
747-8I GEnx Apr-12 1 Lufthansa Finance Lease BNP Paribas BNP Paribas
747-8I GEnx Jun-12 1 Lufthansa Tax Lease BBAM Nomura Babcock & Brown
757-200 PW2000 Jan-12 14 ILFC Capital Markets
757-200 RB211 Jan-12 6 ILFC Capital Markets
757-200 PW2000 Feb-12 1 Purchase United States Air Force L-3 Communications Advanced Aviation
757-200 RB211 Feb-12 1 Purchase PrivatAir British Airways
757-200 RB211 Mar-12 1 Purchase Icelandair American Airlines
757-200 RB211 Mar-12 1 Purchase Jet2 ACAP 2000-1 ABS Portfolio
757-200 RB211 Mar-12 1 Purchase Omni Air International Aviation Capital Group
757-200 RB211 Mar-12 1 Purchase TES Parts El Al
757-200 RB211 Mar-12 2 Purchase - Lease Attached Aerolease International Volito Aviation Services
757-200 PW2000 Mar-12 6 Delta Air Lines Loan/Finance/Refinanced JP Morgan Chase Bank
757-200 PW2000 Apr-12 1 Purchase FedEx Aerolease International
46 | Flightglobal Insight | AircrAft finAnce 2013 AircrAft finAnce 2013 |Flightglobal Insight | 47
AircrAft finAnce 2013
aircrafT finance deals announced in 2012
aircraft model engine type Month Number of aircraft
customer Deal structure arrangers Debt provider equity providers buyer Seller
747-400 PW4000 Mar-12 1 Purchase Scaled Composites United Airlines
747-400 CF6 May-12 4 Purchase Deucalion Aviation Funds All Nippon Airways
747-400 CF6 May-12 1 Purchase Orient Thai Airlines ILFC
747-400 PW4000 May-12 1 Purchase VEB-Leasing Singapore Airlines
747-400 CF6 May-12 4 Deucalion Aviation Funds Loan/Finance/Refinanced DVB Bank DVB Bank
747-400 PW4000 Jun-12 1 Purchase Air Atlanta Icelandic Rabobank
747-400 PW4000 Jun-12 2 Purchase - Lease Attached Undisclosed Bank / Broker / Lessor Q Aviation
747-400 CF6 Aug-12 1 Purchase EirTrade Aviation Ireland AWAS
747-400 PW4000 Aug-12 1 Purchase VEB-Leasing Singapore Airlines
747-400 PW4000 Sep-12 1 Purchase Boeing Aircraft Holding Korean Air
747-400 RB211 Sep-12 2 Purchase GA Telesis Cathay Pacific
747-400 PW4000 Oct-12 1 Purchase AerSale Penerbangan Malaysia Berhad
747-400 RB211 Oct-12 1 Purchase Av-Air Hong Kong Aviation Capital
747-400 RB211 Oct-12 1 Purchase GA Telesis AWAS
747-400 PW4000 Oct-12 1 AerSale Loan/Finance/Refinanced Wells Fargo Bank
747-400 PW4000 Nov-12 1 Purchase Midair Aircastle Advisor
747-400 RB211 Nov-12 1 Purchase Undisclosed Bank / Broker / Lessor Hong Kong Aviation Capital
747-400 PW4000 Dec-12 1 Purchase AerSale Penerbangan Malaysia Berhad
747-400 PW4000 Dec-12 1 Purchase Universal Asset Management United Airlines
747-400 PW4000 Dec-12 1 AerSale Loan/Finance/Refinanced Wells Fargo Bank
747-400 Combi CF6 Jul-12 1 Purchase Deucalion Aviation Funds Lufthansa
747-400 Combi CF6 Aug-12 1 Purchase Deucalion Aviation Funds Lufthansa
747-400 Combi CF6 Oct-12 1 Purchase Deucalion Aviation Funds Lufthansa
747-400 Combi CF6 Nov-12 1 Purchase AerSale EVA Air
747-400 Combi CF6 Nov-12 1 AerSale Loan/Finance/Refinanced Wells Fargo Bank
747-400BCF PW4000 Apr-12 1 Purchase Boeing Aircraft Holding Korean Air
747-400ER CF6 Mar-12 2 Atlas Air Loan/Finance/Refinanced CIT Aerospace CIT Bank
747-400ERF CF6 Jan-12 1 ILFC Capital Markets
747-400ERF PW4000 Jan-12 1 Korean Air Finance Lease Deutsche Bank AG|Korea Development Bank|CIC Bank Korea Development Bank| Deutsche Bank CIC Bank
747-400F CF6 Jun-12 1 Purchase - Lease Attached Aircastle Advisor Deucalion Aviation Funds
747-400F CF6 Dec-12 3 GECAS Capital Markets
747-400SF CF6 Jan-12 1 Purchase KV Aviation Deucalion Aviation Funds
747-400SF CF6 Jan-12 1 KV Aviation Loan/Finance/Refinanced DVB Bank
747-400SF PW4000 May-12 1 Purchase Air China Cargo Cathay Pacific
747-400SF CF6 Dec-12 3 Purchase - Lease Attached Undisclosed Bank / Broker / Lessor CDB Leasing
747-8F GEnx Jan-12 5 AirBridgeCargo Finance Lease Citibank| DVB Bank| HSBC Bank | NordLB
747-8F GEnx Jan-12 6 Atlas Air ECA / EXIM Apple Bank
747-8F GEnx Jun-12 1 Atlas Air Capital Markets
747-8F GEnx Jul-12 1 Atlas Air Capital Markets
747-8F GEnx Oct-12 1 Atlas Air Capital Markets
747-8F GEnx Nov-12 1 Cargolux ECA / EXIM PEFCO
747-8F GEnx Dec-12 1 Atlas Air Capital Markets
747-8F GEnx Dec-12 1 Korean Air ECA / EXIM Goldman Sachs & Co| Credit Agricole Corporate and Investment Bank
747-8F GEnx Dec-12 1 Nippon Cargo Airlines Operating Lease - Sale and Lease Back The Bank of Mitsubishi Tokyo
747-8I GEnx Apr-12 1 Lufthansa Finance Lease BNP Paribas BNP Paribas
747-8I GEnx Jun-12 1 Lufthansa Tax Lease BBAM Nomura Babcock & Brown
757-200 PW2000 Jan-12 14 ILFC Capital Markets
757-200 RB211 Jan-12 6 ILFC Capital Markets
757-200 PW2000 Feb-12 1 Purchase United States Air Force L-3 Communications Advanced Aviation
757-200 RB211 Feb-12 1 Purchase PrivatAir British Airways
757-200 RB211 Mar-12 1 Purchase Icelandair American Airlines
757-200 RB211 Mar-12 1 Purchase Jet2 ACAP 2000-1 ABS Portfolio
757-200 RB211 Mar-12 1 Purchase Omni Air International Aviation Capital Group
757-200 RB211 Mar-12 1 Purchase TES Parts El Al
757-200 RB211 Mar-12 2 Purchase - Lease Attached Aerolease International Volito Aviation Services
757-200 PW2000 Mar-12 6 Delta Air Lines Loan/Finance/Refinanced JP Morgan Chase Bank
757-200 PW2000 Apr-12 1 Purchase FedEx Aerolease International
Source: Aviation Exchange
AircrAft finAnce 2013
48 | Flightglobal Insight | AircrAft finAnce 2013 AircrAft finAnce 2013 |Flightglobal Insight | 49
aircrafT finance deals announced in 2012
aircraft model engine type Month Number of aircraft
customer Deal structure arrangers Debt provider equity providers buyer Seller
757-200 RB211 Apr-12 1 Purchase CIT Aerospace UnionBanCal Leasing
757-200 RB211 Apr-12 1 Purchase FedEx ILFC
757-200 PW2000 Apr-12 1 Delta Air Lines Loan/Finance/Refinanced Wells Fargo Equipment Finance
757-200 PW2000 Apr-12 2 ILFC Capital Markets
757-200 RB211 Apr-12 1 ILFC Capital Markets
757-200 PW2000 May-12 1 Purchase Undisclosed Bank / Broker / Lessor WWTAI AirOpCo 1 Bermuda
757-200 RB211 May-12 1 Purchase American Airlines Dougherty Equipment Finance
757-200 RB211 May-12 2 Purchase FedEx ILFC
757-200 RB211 May-12 1 Purchase GA Telesis Security Pacific Equipment Leasing
757-200 RB211 May-12 1 Purchase Jet2 Aviation Leasing
757-200 RB211 May-12 1 Purchase - Lease Attached Undisclosed Bank / Broker / Lessor Aircastle Advisor
757-200 RB211 Jun-12 1 Purchase FedEx ILFC
757-200 RB211 Jun-12 1 Purchase FedEx PALS 1999-1 ABS Portfolio
757-200 RB211 Jun-12 1 Purchase Wendell R Parish Bay 2 Bay Leasing
757-200 RB211 Jun-12 1 Purchase - Lease Attached GA Telesis Gaucho 2
757-200 RB211 Jun-12 2 Allegiant Air Loan/Finance/Refinanced Wells Fargo Equipment Finance
757-200 PW2000 Jun-12 1 Delta Air Lines Capital Markets
757-200 RB211 Jul-12 1 Purchase FedEx AWAS
757-200 RB211 Jul-12 1 Purchase L-3 Communications Advanced Aviation Wendell R Parish
757-200 RB211 Jul-12 6 Purchase United Airlines Philip Morris Capital
757-200 RB211 Jul-12 1 Global Knafaim Leasing Loan/Finance/Refinanced Union Bank of Israel
757-200 PW2000 Aug-12 1 Purchase FedEx PALS 2000-1 ABS Portfolio
757-200 RB211 Aug-12 1 Purchase L-3 Communications Advanced Aviation Wendell R Parish
757-200 RB211 Aug-12 1 Purchase Wendell R Parish GA Telesis
757-200 PW2000 Sep-12 2 Purchase Aerolease International SkyWorks Leasing
757-200 PW2000 Sep-12 1 Purchase United Airlines CIT Aerospace
757-200 RB211 Sep-12 1 Purchase FedEx PALS 1999-1 ABS Portfolio
757-200 RB211 Sep-12 2 Purchase US Bank Undisclosed Bank / Broker / Lessor
757-200 PW2000 Sep-12 1 Apollo Aviation Group Loan/Finance/Refinanced Undisclosed Bank / Broker / Lessor
757-200 PW2000 Oct-12 1 Purchase FedEx Aerolease International
757-200 PW2000 Oct-12 1 Purchase United Airlines CIT Aerospace
757-200 RB211 Oct-12 1 Purchase FedEx ILFC
757-200 RB211 Oct-12 1 Purchase FedEx Omni Air International
757-200 RB211 Nov-12 1 Purchase FedEx ILFC
757-200 PW2000 Dec-12 1 Operating Lease - Sale and Lease Back Undisclosed Bank / Broker / Lessor United Airlines
757-200 RB211 Dec-12 1 Purchase Brickell Asset Management US Bank
757-200 RB211 Dec-12 1 Purchase FedEx AERCO 2000-1 ABS Portfolio
757-200 RB211 Dec-12 1 Purchase FedEx TES Parts
757-200 RB211 Dec-12 1 Purchase Icelandair US Bank
757-200 RB211 Dec-12 1 Purchase JALUX Americas US Bancorp Equipment Finance
757-200 RB211 Dec-12 2 Purchase - Lease Attached GA Telesis US Bank
757-200 PW2000 Dec-12 15 United Airlines Loan/Finance/Refinanced Lease Aircraft Trust Series 2012-1
757-200 Combi RB211 Dec-12 3 Purchase Cargo Aircraft Management National Airlines
757-200F RB211 Mar-12 1 SF Airlines Finance Lease Xunlian Investment
757-200F RB211 Mar-12 1 SF Airlines Finance Lease Xunyin Investment
757-200F RB211 Jun-12 1 Purchase - Lease Attached DHL Aviation (Netherlands) Boeing Capital
757-200F RB211 Aug-12 1 Purchase SF Airlines Air China
757-300 RB211 Apr-12 11 Operating Lease - Sale and Lease Back Guggenheim Aviation Partners Condor
757-300 RB211 May-12 11 Guggenheim Aviation Partners Loan/Finance/Refinanced DVB Bank| Deutsche Bank
767-200 JT9D Apr-12 10 Purchase Jet Midwest Air Canada
767-200ER JT9D Feb-12 1 Purchase Atom Airways West Dover
767-200ER PW4000 Mar-12 1 Purchase Aeromexico LAN Airlines
767-200ER PW4000 Mar-12 1 Purchase AeroTurbine AWAS
767-200ER JT9D Apr-12 7 Purchase Jet Midwest Air Canada
767-200ER CF6 May-12 8 Purchase BLF United Airlines
767-200ER CF6 Jun-12 1 Purchase - Lease Attached Aircraft Solutions Aisling Airlease (No 5)
767-200ERF CF6 Nov-12 1 GECAS Loan/Finance/Refinanced PK AirFinance
48 | Flightglobal Insight | AircrAft finAnce 2013 AircrAft finAnce 2013 |Flightglobal Insight | 49
AircrAft finAnce 2013
aircrafT finance deals announced in 2012
aircraft model engine type Month Number of aircraft
customer Deal structure arrangers Debt provider equity providers buyer Seller
757-200 RB211 Apr-12 1 Purchase CIT Aerospace UnionBanCal Leasing
757-200 RB211 Apr-12 1 Purchase FedEx ILFC
757-200 PW2000 Apr-12 1 Delta Air Lines Loan/Finance/Refinanced Wells Fargo Equipment Finance
757-200 PW2000 Apr-12 2 ILFC Capital Markets
757-200 RB211 Apr-12 1 ILFC Capital Markets
757-200 PW2000 May-12 1 Purchase Undisclosed Bank / Broker / Lessor WWTAI AirOpCo 1 Bermuda
757-200 RB211 May-12 1 Purchase American Airlines Dougherty Equipment Finance
757-200 RB211 May-12 2 Purchase FedEx ILFC
757-200 RB211 May-12 1 Purchase GA Telesis Security Pacific Equipment Leasing
757-200 RB211 May-12 1 Purchase Jet2 Aviation Leasing
757-200 RB211 May-12 1 Purchase - Lease Attached Undisclosed Bank / Broker / Lessor Aircastle Advisor
757-200 RB211 Jun-12 1 Purchase FedEx ILFC
757-200 RB211 Jun-12 1 Purchase FedEx PALS 1999-1 ABS Portfolio
757-200 RB211 Jun-12 1 Purchase Wendell R Parish Bay 2 Bay Leasing
757-200 RB211 Jun-12 1 Purchase - Lease Attached GA Telesis Gaucho 2
757-200 RB211 Jun-12 2 Allegiant Air Loan/Finance/Refinanced Wells Fargo Equipment Finance
757-200 PW2000 Jun-12 1 Delta Air Lines Capital Markets
757-200 RB211 Jul-12 1 Purchase FedEx AWAS
757-200 RB211 Jul-12 1 Purchase L-3 Communications Advanced Aviation Wendell R Parish
757-200 RB211 Jul-12 6 Purchase United Airlines Philip Morris Capital
757-200 RB211 Jul-12 1 Global Knafaim Leasing Loan/Finance/Refinanced Union Bank of Israel
757-200 PW2000 Aug-12 1 Purchase FedEx PALS 2000-1 ABS Portfolio
757-200 RB211 Aug-12 1 Purchase L-3 Communications Advanced Aviation Wendell R Parish
757-200 RB211 Aug-12 1 Purchase Wendell R Parish GA Telesis
757-200 PW2000 Sep-12 2 Purchase Aerolease International SkyWorks Leasing
757-200 PW2000 Sep-12 1 Purchase United Airlines CIT Aerospace
757-200 RB211 Sep-12 1 Purchase FedEx PALS 1999-1 ABS Portfolio
757-200 RB211 Sep-12 2 Purchase US Bank Undisclosed Bank / Broker / Lessor
757-200 PW2000 Sep-12 1 Apollo Aviation Group Loan/Finance/Refinanced Undisclosed Bank / Broker / Lessor
757-200 PW2000 Oct-12 1 Purchase FedEx Aerolease International
757-200 PW2000 Oct-12 1 Purchase United Airlines CIT Aerospace
757-200 RB211 Oct-12 1 Purchase FedEx ILFC
757-200 RB211 Oct-12 1 Purchase FedEx Omni Air International
757-200 RB211 Nov-12 1 Purchase FedEx ILFC
757-200 PW2000 Dec-12 1 Operating Lease - Sale and Lease Back Undisclosed Bank / Broker / Lessor United Airlines
757-200 RB211 Dec-12 1 Purchase Brickell Asset Management US Bank
757-200 RB211 Dec-12 1 Purchase FedEx AERCO 2000-1 ABS Portfolio
757-200 RB211 Dec-12 1 Purchase FedEx TES Parts
757-200 RB211 Dec-12 1 Purchase Icelandair US Bank
757-200 RB211 Dec-12 1 Purchase JALUX Americas US Bancorp Equipment Finance
757-200 RB211 Dec-12 2 Purchase - Lease Attached GA Telesis US Bank
757-200 PW2000 Dec-12 15 United Airlines Loan/Finance/Refinanced Lease Aircraft Trust Series 2012-1
757-200 Combi RB211 Dec-12 3 Purchase Cargo Aircraft Management National Airlines
757-200F RB211 Mar-12 1 SF Airlines Finance Lease Xunlian Investment
757-200F RB211 Mar-12 1 SF Airlines Finance Lease Xunyin Investment
757-200F RB211 Jun-12 1 Purchase - Lease Attached DHL Aviation (Netherlands) Boeing Capital
757-200F RB211 Aug-12 1 Purchase SF Airlines Air China
757-300 RB211 Apr-12 11 Operating Lease - Sale and Lease Back Guggenheim Aviation Partners Condor
757-300 RB211 May-12 11 Guggenheim Aviation Partners Loan/Finance/Refinanced DVB Bank| Deutsche Bank
767-200 JT9D Apr-12 10 Purchase Jet Midwest Air Canada
767-200ER JT9D Feb-12 1 Purchase Atom Airways West Dover
767-200ER PW4000 Mar-12 1 Purchase Aeromexico LAN Airlines
767-200ER PW4000 Mar-12 1 Purchase AeroTurbine AWAS
767-200ER JT9D Apr-12 7 Purchase Jet Midwest Air Canada
767-200ER CF6 May-12 8 Purchase BLF United Airlines
767-200ER CF6 Jun-12 1 Purchase - Lease Attached Aircraft Solutions Aisling Airlease (No 5)
767-200ERF CF6 Nov-12 1 GECAS Loan/Finance/Refinanced PK AirFinance
Source: Aviation Exchange
AircrAft finAnce 2013
50 | Flightglobal Insight | AircrAft finAnce 2013 AircrAft finAnce 2013 |Flightglobal Insight | 51
aircrafT finance deals announced in 2012
aircraft model engine type Month Number of aircraft
customer Deal structure arrangers Debt provider equity providers buyer Seller
767-300 PW4000 Jan-12 2 Purchase Deucalion Aviation Funds Air China
767-300 CF6 Mar-12 1 Purchase Air Do All Nippon Airways
767-300 JT9D Sep-12 1 Purchase Grandmax Group Japan Airlines
767-300ER PW4000 Jan-12 1 Purchase - Lease Attached BoCom Leasing North American Aircraft Leasing
767-300ER CF6 Jan-12 7 ILFC Capital Markets
767-300ER PW4000 Jan-12 2 ILFC Capital Markets
767-300ER CF6 Feb-12 1 Purchase Cargo Aircraft Management Qantas
767-300ER CF6 Feb-12 1 Purchase Cargo Aircraft Management Royal Air Maroc
767-300ER CF6 Feb-12 1 All Nippon Airways Finance Lease Bellview Leasing
767-300ER PW4000 Feb-12 2 Uzbekistan Airways Loan/Finance/Refinanced National Bank for Foreign Economic Affairs Uzbek Reconstruction and Development Fund of Uzbekistan
767-300ER CF6 Mar-12 1 Purchase Atlas Air GECAS
767-300ER CF6 Mar-12 3 Atlas Air Loan/Finance/Refinanced CIT Aerospace CIT Bank
767-300ER CF6 Mar-12 3 Delta Air Lines Loan/Finance/Refinanced JP Morgan Chase Bank
767-300ER PW4000 Mar-12 2 Delta Air Lines Loan/Finance/Refinanced JP Morgan Chase Bank
767-300ER CF6 Mar-12 1 LAN Airlines Finance Lease Bacacina Leasing
767-300ER CF6 Mar-12 1 LAN Airlines Finance Lease Mirlo Leasing
767-300ER PW4000 Apr-12 6 Operating Lease - Sale and Lease Back Aircastle Advisor Condor
767-300ER CF6 Apr-12 2 ILFC Capital Markets
767-300ER PW4000 Apr-12 3 ILFC Capital Markets
767-300ER CF6 May-12 2 Operating Lease - Sale and Lease Back Guggenheim Aviation Partners Thomas Cook Airlines
767-300ER CF6 May-12 2 Purchase Thomas Cook Airlines Airfleet Credit
767-300ER PW4000 Jun-12 2 Purchase - Lease Attached Undisclosed Bank / Broker / Lessor Q Aviation
767-300ER RB211 Jun-12 1 Purchase - Lease Attached Opal Leasing G-BNWK Aircraft Pty
767-300ER PW4000 Jun-12 8 Delta Air Lines Capital Markets
767-300ER CF6 Jun-12 9 LAN Airlines ECA / EXIM JP Morgan Chase Bank
767-300ER RB211 Aug-12 1 Operating Lease - Sale and Lease Back Boeing Capital Qantas
767-300ER RB211 Aug-12 1 Purchase Qantas Boeing Capital
767-300ER CF6 Sep-12 1 Purchase - Lease Attached Automatic Sumisho Aircraft Asset Management
767-300ER PW4000 Nov-12 1 Purchase Jet Midwest Aviation Leasing
767-300ER PW4000 Nov-12 1 Jet Midwest Loan/Finance/Refinanced Amur Finance 1
767-300ER PW4000 Dec-12 2 Purchase - Lease Attached Undisclosed Bank / Broker / Lessor CDB Leasing
767-300ER RB211 Dec-12 1 Purchase AerSale Qantas
767-300ER RB211 Dec-12 1 AerSale Loan/Finance/Refinanced Wells Fargo Bank
767-300ERF CF6 Jan-12 1 UPS Airlines Finance Lease CC & EI
767-300ERF CF6 Feb-12 1 UPS Airlines Finance Lease CC & EI
767-300ERF CF6 Mar-12 1 UPS Airlines Finance Lease CC & EI
767-300ERF CF6 Apr-12 2 UPS Airlines Finance Lease CC & EI
767-300ERF CF6 May-12 1 UPS Airlines Finance Lease CC & EI
767-300ERF CF6 Dec-12 1 UPS Airlines Finance Lease CC & EI
767-400ER CF6 Jun-12 6 Delta Air Lines Capital Markets
777-200 Trent Oct-12 2 American Airlines Loan/Finance/Refinanced DVB Bank RPK Capital Management Group
777-200ER GE90 Jan-12 3 ILFC Capital Markets
777-200ER PW4000 Jan-12 1 ILFC Capital Markets
777-200ER GE90 Mar-12 1 Operating Lease - Sale and Lease Back Aircraft Purchase Company No. 12 Alitalia
777-200ER Trent Mar-12 1 Purchase ILFC Singapore Airlines
777-200ER GE90 Mar-12 1 United Airlines Loan/Finance/Refinanced Undisclosed Bank / Broker / Lessor
777-200ER GE90 Apr-12 1 ILFC Capital Markets
777-200ER PW4000 Jun-12 1 Asiana Airlines ECA / EXIM Natixis Korea Development Bank
777-200ER PW4000 Jul-12 1 All Nippon Airways (MRO) Tax Lease GL Super Leasing
777-200ER PW4000 Oct-12 1 All Nippon Airways (MRO) Finance Lease Saffron Leasing + 4 others
777-200ER PW4000 Dec-12 1 Purchase TPG Capital Air Austral
777-200ER PW4000 Dec-12 3 GECAS Capital Markets
777-200LRF GE90 Jun-12 1 Purchase - Lease Attached BBAM GECAS
777-200LRF GE90 Sep-12 1 Operating Lease - Sale and Lease Back GECAS Ethiopian Airlines
777-200LRF GE90 Sep-12 1 Purchase - Lease Attached BoCom Leasing GECAS
777-200LRF GE90 Sep-12 1 BoCom Leasing Loan/Finance/Refinanced Bank of China
777-200LRF GE90 Sep-12 1 China Cargo Airlines Loan/Finance/Refinanced CIC Bank| Deutsche Bank
50 | Flightglobal Insight | AircrAft finAnce 2013 AircrAft finAnce 2013 |Flightglobal Insight | 51
AircrAft finAnce 2013
aircrafT finance deals announced in 2012
aircraft model engine type Month Number of aircraft
customer Deal structure arrangers Debt provider equity providers buyer Seller
767-300 PW4000 Jan-12 2 Purchase Deucalion Aviation Funds Air China
767-300 CF6 Mar-12 1 Purchase Air Do All Nippon Airways
767-300 JT9D Sep-12 1 Purchase Grandmax Group Japan Airlines
767-300ER PW4000 Jan-12 1 Purchase - Lease Attached BoCom Leasing North American Aircraft Leasing
767-300ER CF6 Jan-12 7 ILFC Capital Markets
767-300ER PW4000 Jan-12 2 ILFC Capital Markets
767-300ER CF6 Feb-12 1 Purchase Cargo Aircraft Management Qantas
767-300ER CF6 Feb-12 1 Purchase Cargo Aircraft Management Royal Air Maroc
767-300ER CF6 Feb-12 1 All Nippon Airways Finance Lease Bellview Leasing
767-300ER PW4000 Feb-12 2 Uzbekistan Airways Loan/Finance/Refinanced National Bank for Foreign Economic Affairs Uzbek Reconstruction and Development Fund of Uzbekistan
767-300ER CF6 Mar-12 1 Purchase Atlas Air GECAS
767-300ER CF6 Mar-12 3 Atlas Air Loan/Finance/Refinanced CIT Aerospace CIT Bank
767-300ER CF6 Mar-12 3 Delta Air Lines Loan/Finance/Refinanced JP Morgan Chase Bank
767-300ER PW4000 Mar-12 2 Delta Air Lines Loan/Finance/Refinanced JP Morgan Chase Bank
767-300ER CF6 Mar-12 1 LAN Airlines Finance Lease Bacacina Leasing
767-300ER CF6 Mar-12 1 LAN Airlines Finance Lease Mirlo Leasing
767-300ER PW4000 Apr-12 6 Operating Lease - Sale and Lease Back Aircastle Advisor Condor
767-300ER CF6 Apr-12 2 ILFC Capital Markets
767-300ER PW4000 Apr-12 3 ILFC Capital Markets
767-300ER CF6 May-12 2 Operating Lease - Sale and Lease Back Guggenheim Aviation Partners Thomas Cook Airlines
767-300ER CF6 May-12 2 Purchase Thomas Cook Airlines Airfleet Credit
767-300ER PW4000 Jun-12 2 Purchase - Lease Attached Undisclosed Bank / Broker / Lessor Q Aviation
767-300ER RB211 Jun-12 1 Purchase - Lease Attached Opal Leasing G-BNWK Aircraft Pty
767-300ER PW4000 Jun-12 8 Delta Air Lines Capital Markets
767-300ER CF6 Jun-12 9 LAN Airlines ECA / EXIM JP Morgan Chase Bank
767-300ER RB211 Aug-12 1 Operating Lease - Sale and Lease Back Boeing Capital Qantas
767-300ER RB211 Aug-12 1 Purchase Qantas Boeing Capital
767-300ER CF6 Sep-12 1 Purchase - Lease Attached Automatic Sumisho Aircraft Asset Management
767-300ER PW4000 Nov-12 1 Purchase Jet Midwest Aviation Leasing
767-300ER PW4000 Nov-12 1 Jet Midwest Loan/Finance/Refinanced Amur Finance 1
767-300ER PW4000 Dec-12 2 Purchase - Lease Attached Undisclosed Bank / Broker / Lessor CDB Leasing
767-300ER RB211 Dec-12 1 Purchase AerSale Qantas
767-300ER RB211 Dec-12 1 AerSale Loan/Finance/Refinanced Wells Fargo Bank
767-300ERF CF6 Jan-12 1 UPS Airlines Finance Lease CC & EI
767-300ERF CF6 Feb-12 1 UPS Airlines Finance Lease CC & EI
767-300ERF CF6 Mar-12 1 UPS Airlines Finance Lease CC & EI
767-300ERF CF6 Apr-12 2 UPS Airlines Finance Lease CC & EI
767-300ERF CF6 May-12 1 UPS Airlines Finance Lease CC & EI
767-300ERF CF6 Dec-12 1 UPS Airlines Finance Lease CC & EI
767-400ER CF6 Jun-12 6 Delta Air Lines Capital Markets
777-200 Trent Oct-12 2 American Airlines Loan/Finance/Refinanced DVB Bank RPK Capital Management Group
777-200ER GE90 Jan-12 3 ILFC Capital Markets
777-200ER PW4000 Jan-12 1 ILFC Capital Markets
777-200ER GE90 Mar-12 1 Operating Lease - Sale and Lease Back Aircraft Purchase Company No. 12 Alitalia
777-200ER Trent Mar-12 1 Purchase ILFC Singapore Airlines
777-200ER GE90 Mar-12 1 United Airlines Loan/Finance/Refinanced Undisclosed Bank / Broker / Lessor
777-200ER GE90 Apr-12 1 ILFC Capital Markets
777-200ER PW4000 Jun-12 1 Asiana Airlines ECA / EXIM Natixis Korea Development Bank
777-200ER PW4000 Jul-12 1 All Nippon Airways (MRO) Tax Lease GL Super Leasing
777-200ER PW4000 Oct-12 1 All Nippon Airways (MRO) Finance Lease Saffron Leasing + 4 others
777-200ER PW4000 Dec-12 1 Purchase TPG Capital Air Austral
777-200ER PW4000 Dec-12 3 GECAS Capital Markets
777-200LRF GE90 Jun-12 1 Purchase - Lease Attached BBAM GECAS
777-200LRF GE90 Sep-12 1 Operating Lease - Sale and Lease Back GECAS Ethiopian Airlines
777-200LRF GE90 Sep-12 1 Purchase - Lease Attached BoCom Leasing GECAS
777-200LRF GE90 Sep-12 1 BoCom Leasing Loan/Finance/Refinanced Bank of China
777-200LRF GE90 Sep-12 1 China Cargo Airlines Loan/Finance/Refinanced CIC Bank| Deutsche Bank
AircrAft finAnce 2013
52 | Flightglobal Insight | AircrAft finAnce 2013 AircrAft finAnce 2013 |Flightglobal Insight | 53
aircrafT finance deals announced in 2012
aircraft model engine type Month Number of aircraft
customer Deal structure arrangers Debt provider equity providers buyer Seller
777-200LRF GE90 Oct-12 1 Purchase - Lease Attached Investec Aircraft Syndicate GECAS
777-200LRF GE90 Nov-12 1 DAE Capital Loan/Finance/Refinanced CIT Aerospace CIT Bank| NordLB
777-200LRF GE90 Nov-12 1 Investec Aircraft Syndicate Loan/Finance/Refinanced NordLB
777-300 PW4000 Jan-12 2 Korean Air Finance Lease Deutsche Bank | Korea Development Bank| CIC Bank Korea Development Bank| Deutsche Bank AG| CIC Bank
777-300 Trent Mar-12 1 Operating Lease - Sale and Lease Back VEB-Leasing Transaero Airlines
777-300 Trent Nov-12 1 Purchase VEB-Leasing Lionstar Leasing
777-300ER GE90 Jan-12 2 Emirates Airline Tax Lease Dubai Islamic Bank| Al Hilal Bank| Ajman Bank
777-300ER GE90 Jan-12 1 Etihad Airways Capital Markets
777-300ER GE90 Feb-12 1 Etihad Airways Capital Markets
777-300ER GE90 Mar-12 1 Purchase BBAM GECAS
777-300ER GE90 Mar-12 1 Air China Loan/Finance/Refinanced Bank of China
777-300ER GE90 Mar-12 1 Air France Tax Lease BNP Paribas| CIC Bank| Natixis| Sumitomo Mitsui Finance & Leasing Co
777-300ER GE90 Mar-12 1 British Airways Tax Lease BBAM | DVB Bank Nomura Babcock & Brown
777-300ER GE90 Apr-12 1 Operating Lease - Sale and Lease Back Air Lease Corporation Air France
777-300ER GE90 Apr-12 1 Operating Lease - Sale and Lease Back GECAS Air France
777-300ER GE90 Apr-12 1 Purchase - Lease Attached Air Lease Corporation Macquarie AirFinance
777-300ER GE90 Apr-12 1 Cathay Pacific Tax Lease BBAM Nomura Babcock & Brown
777-300ER GE90 Apr-12 1 Cathay Pacific Tax Lease BBAM Westpac Banking| ANZ Bank Nomura Babcock & Brown
777-300ER GE90 Apr-12 1 Etihad Airways ECA / EXIM HSBC Bank
777-300ER GE90 Apr-12 1 ILFC Capital Markets
777-300ER GE90 May-12 3 ECA / EXIM PEFCO
777-300ER GE90 May-12 1 Operating Lease - Sale and Lease Back Air Lease Corporation Cathay Pacific
777-300ER GE90 May-12 3 Operating Lease - Sale and Lease Back GECAS Emirates Airline
777-300ER GE90 May-12 1 Operating Lease - Sale and Lease Back Novus Aviation Emirates Airline
777-300ER GE90 May-12 1 Air China Capital Markets
777-300ER GE90 May-12 1 Emirates Airline ECA / EXIM JP Morgan Chase Bank
777-300ER GE90 May-12 1 Novus Aviation Loan/Finance/Refinanced Undisclosed Bank / Broker / Lessor| Undisclosed Bank / Broker / Lessor
777-300ER GE90 Jun-12 1 Operating Lease - Sale and Lease Back Novus Aviation Emirates Airline
777-300ER GE90 Jun-12 2 BOC Aviation ECA / EXIM Apple Bank| Soverign Bank| Flashing Bank
777-300ER GE90 Jun-12 1 Etihad Airways Capital Markets
777-300ER GE90 Jun-12 1 Kenya Airways Pre Delivery Payment| Loan/Finance/Refinanced Afriexim Bank
777-300ER GE90 Jun-12 1 Novus Aviation Loan/Finance/Refinanced DVB Bank Unconfirmed Saudi Arabia Bank
777-300ER GE90 Jun-12 1 Philippine Airlines ECA / EXIM HSBC Bank ING Bank
777-300ER GE90 Jun-12 2 TAM Linhas Aereas ECA / EXIM Citibank| Santander
777-300ER GE90 Jul-12 1 Operating Lease - Sale and Lease Back BBAM Emirates Airline
777-300ER GE90 Jul-12 2 Air China Capital Markets
777-300ER GE90 Jul-12 4 Emirates Airline Capital Markets
777-300ER GE90 Jul-12 1 Emirates Airline ECA / EXIM JP Morgan Chase Bank
777-300ER GE90 Jul-12 1 KLM Royal Dutch Airlines ECA / EXIM| Finance Lease Apple Bank| Credit Agricole Corporate and Investment Bank
777-300ER GE90 Jul-12 2 TAM Linhas Aereas Capital Markets
777-300ER GE90 Aug-12 2 Operating Lease - Sale and Lease Back Guggenheim Aviation Partners American Airlines
777-300ER GE90 Aug-12 4 Operating Lease - Sale and Lease Back VEB-Leasing Aeroflot Russian Airlines
777-300ER GE90 Aug-12 2 Air China Capital Markets
777-300ER GE90 Sep-12 1 Operating Lease - Sale and Lease Back Avolon Aerospace Leasing American Airlines
777-300ER GE90 Sep-12 1 Emirates Airline Capital Markets
777-300ER GE90 Oct-12 1 Avolon Aerospace Leasing Loan/Finance/Refinanced DVB Bank
777-300ER GE90 Nov-12 1 Operating Lease - Sale and Lease Back Novus Aviation Emirates Airline
777-300ER GE90 Nov-12 1 Operating Lease - Sale and Lease Back GECAS Emirates Airline
777-300ER GE90 Nov-12 1 Air France Tax Lease BNP Paribas BNP Paribas| Unconfirmed Japanese Bank
777-300ER GE90 Nov-12 1 Novus Aviation Loan/Finance/Refinanced DVB Bank Unconfirmed Middle Eastern Bank
777-300ER GE90 Nov-12 4 VEB-Leasing ECA / EXIM Credit Agricole Corporate and Investment Bank| Goldman Sachs & Co Apple Bank
777-300ER GE90 Dec-12 1 Purchase - Lease Attached BBAM Emirates Airline
777-300ER GE90 Dec-12 2 DAE Capital Loan/Finance/Refinanced DVB Bank ChinaTrust Commercial Bank
777-300ER GE90 Dec-12 1 Etihad Airways Capital Markets
777-300ER GE90 Dec-12 2 Guggenheim Aviation Partners Loan/Finance/Refinanced Undisclosed Bank / Broker / Lessor
777-300ER GE90 Dec-12 2 ILFC Capital Markets
777-300ER GE90 Dec-12 1 Korean Air ECA / EXIM BNP Paribas
52 | Flightglobal Insight | AircrAft finAnce 2013 AircrAft finAnce 2013 |Flightglobal Insight | 53
AircrAft finAnce 2013
aircrafT finance deals announced in 2012
aircraft model engine type Month Number of aircraft
customer Deal structure arrangers Debt provider equity providers buyer Seller
777-200LRF GE90 Oct-12 1 Purchase - Lease Attached Investec Aircraft Syndicate GECAS
777-200LRF GE90 Nov-12 1 DAE Capital Loan/Finance/Refinanced CIT Aerospace CIT Bank| NordLB
777-200LRF GE90 Nov-12 1 Investec Aircraft Syndicate Loan/Finance/Refinanced NordLB
777-300 PW4000 Jan-12 2 Korean Air Finance Lease Deutsche Bank | Korea Development Bank| CIC Bank Korea Development Bank| Deutsche Bank AG| CIC Bank
777-300 Trent Mar-12 1 Operating Lease - Sale and Lease Back VEB-Leasing Transaero Airlines
777-300 Trent Nov-12 1 Purchase VEB-Leasing Lionstar Leasing
777-300ER GE90 Jan-12 2 Emirates Airline Tax Lease Dubai Islamic Bank| Al Hilal Bank| Ajman Bank
777-300ER GE90 Jan-12 1 Etihad Airways Capital Markets
777-300ER GE90 Feb-12 1 Etihad Airways Capital Markets
777-300ER GE90 Mar-12 1 Purchase BBAM GECAS
777-300ER GE90 Mar-12 1 Air China Loan/Finance/Refinanced Bank of China
777-300ER GE90 Mar-12 1 Air France Tax Lease BNP Paribas| CIC Bank| Natixis| Sumitomo Mitsui Finance & Leasing Co
777-300ER GE90 Mar-12 1 British Airways Tax Lease BBAM | DVB Bank Nomura Babcock & Brown
777-300ER GE90 Apr-12 1 Operating Lease - Sale and Lease Back Air Lease Corporation Air France
777-300ER GE90 Apr-12 1 Operating Lease - Sale and Lease Back GECAS Air France
777-300ER GE90 Apr-12 1 Purchase - Lease Attached Air Lease Corporation Macquarie AirFinance
777-300ER GE90 Apr-12 1 Cathay Pacific Tax Lease BBAM Nomura Babcock & Brown
777-300ER GE90 Apr-12 1 Cathay Pacific Tax Lease BBAM Westpac Banking| ANZ Bank Nomura Babcock & Brown
777-300ER GE90 Apr-12 1 Etihad Airways ECA / EXIM HSBC Bank
777-300ER GE90 Apr-12 1 ILFC Capital Markets
777-300ER GE90 May-12 3 ECA / EXIM PEFCO
777-300ER GE90 May-12 1 Operating Lease - Sale and Lease Back Air Lease Corporation Cathay Pacific
777-300ER GE90 May-12 3 Operating Lease - Sale and Lease Back GECAS Emirates Airline
777-300ER GE90 May-12 1 Operating Lease - Sale and Lease Back Novus Aviation Emirates Airline
777-300ER GE90 May-12 1 Air China Capital Markets
777-300ER GE90 May-12 1 Emirates Airline ECA / EXIM JP Morgan Chase Bank
777-300ER GE90 May-12 1 Novus Aviation Loan/Finance/Refinanced Undisclosed Bank / Broker / Lessor| Undisclosed Bank / Broker / Lessor
777-300ER GE90 Jun-12 1 Operating Lease - Sale and Lease Back Novus Aviation Emirates Airline
777-300ER GE90 Jun-12 2 BOC Aviation ECA / EXIM Apple Bank| Soverign Bank| Flashing Bank
777-300ER GE90 Jun-12 1 Etihad Airways Capital Markets
777-300ER GE90 Jun-12 1 Kenya Airways Pre Delivery Payment| Loan/Finance/Refinanced Afriexim Bank
777-300ER GE90 Jun-12 1 Novus Aviation Loan/Finance/Refinanced DVB Bank Unconfirmed Saudi Arabia Bank
777-300ER GE90 Jun-12 1 Philippine Airlines ECA / EXIM HSBC Bank ING Bank
777-300ER GE90 Jun-12 2 TAM Linhas Aereas ECA / EXIM Citibank| Santander
777-300ER GE90 Jul-12 1 Operating Lease - Sale and Lease Back BBAM Emirates Airline
777-300ER GE90 Jul-12 2 Air China Capital Markets
777-300ER GE90 Jul-12 4 Emirates Airline Capital Markets
777-300ER GE90 Jul-12 1 Emirates Airline ECA / EXIM JP Morgan Chase Bank
777-300ER GE90 Jul-12 1 KLM Royal Dutch Airlines ECA / EXIM| Finance Lease Apple Bank| Credit Agricole Corporate and Investment Bank
777-300ER GE90 Jul-12 2 TAM Linhas Aereas Capital Markets
777-300ER GE90 Aug-12 2 Operating Lease - Sale and Lease Back Guggenheim Aviation Partners American Airlines
777-300ER GE90 Aug-12 4 Operating Lease - Sale and Lease Back VEB-Leasing Aeroflot Russian Airlines
777-300ER GE90 Aug-12 2 Air China Capital Markets
777-300ER GE90 Sep-12 1 Operating Lease - Sale and Lease Back Avolon Aerospace Leasing American Airlines
777-300ER GE90 Sep-12 1 Emirates Airline Capital Markets
777-300ER GE90 Oct-12 1 Avolon Aerospace Leasing Loan/Finance/Refinanced DVB Bank
777-300ER GE90 Nov-12 1 Operating Lease - Sale and Lease Back Novus Aviation Emirates Airline
777-300ER GE90 Nov-12 1 Operating Lease - Sale and Lease Back GECAS Emirates Airline
777-300ER GE90 Nov-12 1 Air France Tax Lease BNP Paribas BNP Paribas| Unconfirmed Japanese Bank
777-300ER GE90 Nov-12 1 Novus Aviation Loan/Finance/Refinanced DVB Bank Unconfirmed Middle Eastern Bank
777-300ER GE90 Nov-12 4 VEB-Leasing ECA / EXIM Credit Agricole Corporate and Investment Bank| Goldman Sachs & Co Apple Bank
777-300ER GE90 Dec-12 1 Purchase - Lease Attached BBAM Emirates Airline
777-300ER GE90 Dec-12 2 DAE Capital Loan/Finance/Refinanced DVB Bank ChinaTrust Commercial Bank
777-300ER GE90 Dec-12 1 Etihad Airways Capital Markets
777-300ER GE90 Dec-12 2 Guggenheim Aviation Partners Loan/Finance/Refinanced Undisclosed Bank / Broker / Lessor
777-300ER GE90 Dec-12 2 ILFC Capital Markets
777-300ER GE90 Dec-12 1 Korean Air ECA / EXIM BNP Paribas
AircrAft finAnce 2013
54 | Flightglobal Insight | AircrAft finAnce 2013 AircrAft finAnce 2013 |Flightglobal Insight | 55
aircrafT finance deals announced in 2012
aircraft model engine type Month Number of aircraft
customer Deal structure arrangers Debt provider equity providers buyer Seller
777-300ER GE90 Dec-12 1 Korean Air ECA / EXIM Citibank
787-8 GEnx Mar-12 4 Continental Airlines Capital Markets
787-8 TBC Apr-12 4 Operating Lease - Sale and Lease Back VTB-Leasing Transaero Airlines
787-8 Trent Apr-12 1 Purchase Undisclosed Bank / Broker / Lessor AWAS
787-8 GEnx Apr-12 2 Air India Loan/Finance/Refinanced Standard Chartered Bank Standard Chartered Bank
787-8 GEnx Jun-12 9 Kenya Airways Pre Delivery Payment| Loan/Finance/Refinanced Afriexim Bank
787-8 GEnx Jul-12 1 Ethiopian Airlines Loan/Finance/Refinanced ING Bank| Emerging Africa Infrastructure Fund| Infrastructure Crisis Facility Debt Pool| The Netherlands Development Finance Company
787-8 Trent Aug-12 1 LAN Airlines Finance Lease Fragata Leasing
787-8 GEnx Sep-12 3 Continental Airlines Capital Markets
787-8 GEnx Oct-12 1 Operating Lease - Sale and Lease Back Qatar Aviation Lease Qatar Airways
787-8 GEnx Oct-12 1 Air India Loan/Finance/Refinanced Boeing Capital
787-8 Trent Oct-12 2 LAN Airlines Finance Lease Helaba Landesbank Hessen Thuringen
787-8 GEnx Nov-12 4 Ethiopian Airlines Capital Markets
787-8 Trent Nov-12 5 LOT Polish Airlines ECA / EXIM Nippon Export and Investment Insurance| Apple Bank
787-8 Trent Dec-12 2 Norwegian Pre Delivery Payment DVB Bank
787-9 TBC Apr-12 8 Purchase - Lease Attached Air Lease Corporation Vietnam Aircraft Leasing
A318-100 CFM56 Jan-12 1 Air France Tax Lease Credit Agricole Corporate and Investment Bank Credit Agricole Corporate and Investment Bank
A318-100 PW6000 Aug-12 1 Purchase Avianca (Brazil) LAN Airlines
A318-100 PW6000 Oct-12 4 Purchase Airbus Asset Management LAN Airlines
A318-100 CFM56 Nov-12 1 Air France Tax Lease ING Bank
A319-100 CFM56 Jan-12 2 Purchase - Lease Attached China World Aviation Leasing GECAS
A319-100 CFM56 Jan-12 2 ILFC Capital Markets
A319-100 CFM56 Feb-12 2 Purchase China United Airlines China Aviation Supplies
A319-100 V2500 Feb-12 2 Purchase - Lease Attached AWAS GECAS
A319-100 V2500 Feb-12 2 AWAS Loan/Finance/Refinanced NordLB| Wells Fargo Bank
A319-100 CFM56 Feb-12 1 China Southern Airlines Loan/Finance/Refinanced Bank of China
A319-100 V2500 Mar-12 2 Purchase GECAS Asset Management Services Cyprus Airways
A319-100 V2500 Mar-12 2 Purchase - Lease Attached ICBC Leasing RBS Aviation Capital
A319-100 CFM56 Mar-12 1 Germania Loan/Finance/Refinanced Helaba Landesbank Hessen Thuringen
A319-100 CFM56 Mar-12 1 LAN Airlines ECA / EXIM Mitsubishi UFJ Financial Group
A319-100 CFM56 Apr-12 1 Avianca ECA / EXIM Natixis
A319-100 V2500 Apr-12 2 ILFC Capital Markets
A319-100 CFM56 May-12 1 Operating Lease - Sale and Lease Back CDB Leasing Alitalia
A319-100 CFM56 May-12 1 Sky Airline Tax Lease NBB Flex
A319-100 CFM56 Jun-12 2 Operating Lease - Sale and Lease Back BoCom Leasing China Eastern Airlines
A319-100 CFM56 Jun-12 2 Operating Lease - Sale and Lease Back MC Aviation Partners/Mitsubishi Corporation Germania
A319-100 CFM56 Jun-12 1 Purchase - Lease Attached ORIX Aviation Aircraft Purchase Fleet
A319-100 V2500 Jun-12 1 Operating Lease - Sale and Lease Back BoCom Leasing China Eastern Airlines
A319-100 CFM56 Jun-12 1 China Eastern Airlines Finance Lease CMB Financial Leasing
A319-100 V2500 Jun-12 1 China Eastern Airlines Finance Lease CMB Financial Leasing
A319-100 CFM56 Jun-12 9 Delta Air Lines Capital Markets
A319-100 CFM56 Jun-12 3 Volito Aviation Services Loan/Finance/Refinanced GE Japan
A319-100 CFM56 Jun-12 2 Volito Aviation Services Loan/Finance/Refinanced NordLB
A319-100 V2500 Jun-12 2 Volito Aviation Services Loan/Finance/Refinanced GE Japan
A319-100 CFM56 Jul-12 1 Purchase - Lease Attached ICBC Leasing SMBC Aviation Capital
A319-100 CFM56 Jul-12 1 Sky Airline Tax Lease NBB Elm
A319-100 V2500 Aug-12 1 Hainan Airlines ECA / EXIM China Exim Bank
A319-100 V2500 Aug-12 1 Sichuan Airlines Loan/Finance/Refinanced China Development Bank
A319-100 TBC Sep-12 4 CDB Leasing Loan/Finance/Refinanced DVB Bank
A319-100 V2500 Sep-12 1 TACA International Airlines ECA / EXIM JP Morgan Chase Bank
A319-100 V2500 Sep-12 4 TAM Linhas Aereas Loan/Finance/Refinanced CIC Bank
A319-100 CFM56 Oct-12 1 Operating Lease - Sale and Lease Back CCB Financial Leasing China Eastern Airlines
A319-100 CFM56 Nov-12 1 Air France Tax Lease ING Bank
A319-100 CFM56 Dec-12 1 Purchase - Lease Attached Apollo Aviation Group Macquarie AirFinance
A319-100 V2500 Dec-12 2 Archway Aviation Loan/Finance/Refinanced Frost Bank
A319-100 CFM56 Dec-12 5 DAE Capital Loan/Finance/Refinanced DVB Bank| PK AirFinance
A319-100 V2500 Dec-12 2 Hainan Airlines Finance Lease Agricultural Bank of China
54 | Flightglobal Insight | AircrAft finAnce 2013 AircrAft finAnce 2013 |Flightglobal Insight | 55
AircrAft finAnce 2013
aircrafT finance deals announced in 2012
aircraft model engine type Month Number of aircraft
customer Deal structure arrangers Debt provider equity providers buyer Seller
777-300ER GE90 Dec-12 1 Korean Air ECA / EXIM Citibank
787-8 GEnx Mar-12 4 Continental Airlines Capital Markets
787-8 TBC Apr-12 4 Operating Lease - Sale and Lease Back VTB-Leasing Transaero Airlines
787-8 Trent Apr-12 1 Purchase Undisclosed Bank / Broker / Lessor AWAS
787-8 GEnx Apr-12 2 Air India Loan/Finance/Refinanced Standard Chartered Bank Standard Chartered Bank
787-8 GEnx Jun-12 9 Kenya Airways Pre Delivery Payment| Loan/Finance/Refinanced Afriexim Bank
787-8 GEnx Jul-12 1 Ethiopian Airlines Loan/Finance/Refinanced ING Bank| Emerging Africa Infrastructure Fund| Infrastructure Crisis Facility Debt Pool| The Netherlands Development Finance Company
787-8 Trent Aug-12 1 LAN Airlines Finance Lease Fragata Leasing
787-8 GEnx Sep-12 3 Continental Airlines Capital Markets
787-8 GEnx Oct-12 1 Operating Lease - Sale and Lease Back Qatar Aviation Lease Qatar Airways
787-8 GEnx Oct-12 1 Air India Loan/Finance/Refinanced Boeing Capital
787-8 Trent Oct-12 2 LAN Airlines Finance Lease Helaba Landesbank Hessen Thuringen
787-8 GEnx Nov-12 4 Ethiopian Airlines Capital Markets
787-8 Trent Nov-12 5 LOT Polish Airlines ECA / EXIM Nippon Export and Investment Insurance| Apple Bank
787-8 Trent Dec-12 2 Norwegian Pre Delivery Payment DVB Bank
787-9 TBC Apr-12 8 Purchase - Lease Attached Air Lease Corporation Vietnam Aircraft Leasing
A318-100 CFM56 Jan-12 1 Air France Tax Lease Credit Agricole Corporate and Investment Bank Credit Agricole Corporate and Investment Bank
A318-100 PW6000 Aug-12 1 Purchase Avianca (Brazil) LAN Airlines
A318-100 PW6000 Oct-12 4 Purchase Airbus Asset Management LAN Airlines
A318-100 CFM56 Nov-12 1 Air France Tax Lease ING Bank
A319-100 CFM56 Jan-12 2 Purchase - Lease Attached China World Aviation Leasing GECAS
A319-100 CFM56 Jan-12 2 ILFC Capital Markets
A319-100 CFM56 Feb-12 2 Purchase China United Airlines China Aviation Supplies
A319-100 V2500 Feb-12 2 Purchase - Lease Attached AWAS GECAS
A319-100 V2500 Feb-12 2 AWAS Loan/Finance/Refinanced NordLB| Wells Fargo Bank
A319-100 CFM56 Feb-12 1 China Southern Airlines Loan/Finance/Refinanced Bank of China
A319-100 V2500 Mar-12 2 Purchase GECAS Asset Management Services Cyprus Airways
A319-100 V2500 Mar-12 2 Purchase - Lease Attached ICBC Leasing RBS Aviation Capital
A319-100 CFM56 Mar-12 1 Germania Loan/Finance/Refinanced Helaba Landesbank Hessen Thuringen
A319-100 CFM56 Mar-12 1 LAN Airlines ECA / EXIM Mitsubishi UFJ Financial Group
A319-100 CFM56 Apr-12 1 Avianca ECA / EXIM Natixis
A319-100 V2500 Apr-12 2 ILFC Capital Markets
A319-100 CFM56 May-12 1 Operating Lease - Sale and Lease Back CDB Leasing Alitalia
A319-100 CFM56 May-12 1 Sky Airline Tax Lease NBB Flex
A319-100 CFM56 Jun-12 2 Operating Lease - Sale and Lease Back BoCom Leasing China Eastern Airlines
A319-100 CFM56 Jun-12 2 Operating Lease - Sale and Lease Back MC Aviation Partners/Mitsubishi Corporation Germania
A319-100 CFM56 Jun-12 1 Purchase - Lease Attached ORIX Aviation Aircraft Purchase Fleet
A319-100 V2500 Jun-12 1 Operating Lease - Sale and Lease Back BoCom Leasing China Eastern Airlines
A319-100 CFM56 Jun-12 1 China Eastern Airlines Finance Lease CMB Financial Leasing
A319-100 V2500 Jun-12 1 China Eastern Airlines Finance Lease CMB Financial Leasing
A319-100 CFM56 Jun-12 9 Delta Air Lines Capital Markets
A319-100 CFM56 Jun-12 3 Volito Aviation Services Loan/Finance/Refinanced GE Japan
A319-100 CFM56 Jun-12 2 Volito Aviation Services Loan/Finance/Refinanced NordLB
A319-100 V2500 Jun-12 2 Volito Aviation Services Loan/Finance/Refinanced GE Japan
A319-100 CFM56 Jul-12 1 Purchase - Lease Attached ICBC Leasing SMBC Aviation Capital
A319-100 CFM56 Jul-12 1 Sky Airline Tax Lease NBB Elm
A319-100 V2500 Aug-12 1 Hainan Airlines ECA / EXIM China Exim Bank
A319-100 V2500 Aug-12 1 Sichuan Airlines Loan/Finance/Refinanced China Development Bank
A319-100 TBC Sep-12 4 CDB Leasing Loan/Finance/Refinanced DVB Bank
A319-100 V2500 Sep-12 1 TACA International Airlines ECA / EXIM JP Morgan Chase Bank
A319-100 V2500 Sep-12 4 TAM Linhas Aereas Loan/Finance/Refinanced CIC Bank
A319-100 CFM56 Oct-12 1 Operating Lease - Sale and Lease Back CCB Financial Leasing China Eastern Airlines
A319-100 CFM56 Nov-12 1 Air France Tax Lease ING Bank
A319-100 CFM56 Dec-12 1 Purchase - Lease Attached Apollo Aviation Group Macquarie AirFinance
A319-100 V2500 Dec-12 2 Archway Aviation Loan/Finance/Refinanced Frost Bank
A319-100 CFM56 Dec-12 5 DAE Capital Loan/Finance/Refinanced DVB Bank| PK AirFinance
A319-100 V2500 Dec-12 2 Hainan Airlines Finance Lease Agricultural Bank of China
AircrAft finAnce 2013
56 | Flightglobal Insight | AircrAft finAnce 2013 AircrAft finAnce 2013 |Flightglobal Insight | 57
aircrafT finance deals announced in 2012
aircraft model engine type Month Number of aircraft
customer Deal structure arrangers Debt provider equity providers buyer Seller
A320-200 CFM56 Jan-12 1 Operating Lease - Sale and Lease Back GECAS GoAir
A320-200 CFM56 Jan-12 1 Purchase Intertrade CIT Aerospace
A320-200 CFM56 Jan-12 1 Purchase Santos Dumont Aircraft Management GOAL German Operating Aircraft Leasing
A320-200 CFM56 Jan-12 1 Purchase SouthJet Two Wallis Trading
A320-200 CFM56 Jan-12 2 Purchase - Lease Attached China World Aviation GECAS
A320-200 CFM56 Jan-12 4 Purchase - Lease Attached ORIX Aviation GECAS
A320-200 V2500 Jan-12 2 Operating Lease - Sale and Lease Back Pembroke Group Tiger Airways
A320-200 V2500 Jan-12 1 Purchase Aeronautics Fund ACAP 2005-3 ABS Portfolio
A320-200 CFM56 Jan-12 1 Air China Tax Lease| Loan/Finance/Refinanced Credit Agricole Corporate and Investment Bank
A320-200 CFM56 Jan-12 1 Avolon Aerospace Leasing Loan/Finance/Refinanced KfW IPEX-Bank| BNP Paribas| Credit Agricole Corporate and Investment Bank| Deutsche Bank | UBS
A320-200 V2500 Jan-12 1 Avolon Aerospace Leasing Loan/Finance/Refinanced Wells Fargo Bank
A320-200 CFM56 Jan-12 7 Cebu Pacific Air Pre Delivery Payment Citibank| BDO Unibank
A320-200 CFM56 Jan-12 1 China Aircraft Leasing ECA / EXIM China Exim Bank
A320-200 V2500 Jan-12 1 Hainan Airlines Finance Lease China Development Bank| Changjiang Leasing
A320-200 CFM56 Jan-12 1 ICBC Leasing Loan/Finance/Refinanced DVB Bank
A320-200 CFM56 Jan-12 6 ILFC Capital Markets
A320-200 V2500 Jan-12 2 ILFC Capital Markets
A320-200 V2500 Jan-12 1 Middle East Airlines Loan/Finance/Refinanced Bank Audi
A320-200 CFM56 Jan-12 1 Spring Airlines ECA / EXIM China Exim Bank
A320-200 CFM56 Jan-12 1 Spring Airlines Finance Lease CMB Financial Leasing| Bank of China
A320-200 CFM56 Jan-12 1 Spring Airlines Finance Lease NordLB| Standard Chartered Bank NordLB| Standard Chartered Bank
A320-200 CFM56 Feb-12 1 Purchase - Lease Attached Aircastle Advisor PALS 2001-1 ABS Portfolio
A320-200 CFM56 Feb-12 5 Purchase - Lease Attached AWAS GECAS
A320-200 CFM56 Feb-12 1 Avolon Aerospace Leasing ECA / EXIM Helaba Landesbank Hessen Thuringen
A320-200 V2500 Feb-12 3 Avolon Aerospace Leasing ECA / EXIM Helaba Landesbank Hessen Thuringen
A320-200 CFM56 Feb-12 2 AWAS ECA / EXIM| Tax Lease KfW IPEX-Bank
A320-200 CFM56 Feb-12 1 AWAS Loan/Finance/Refinanced Undisclosed Bank / Broker / Lessor
A320-200 TBC Feb-12 5 AWAS Loan/Finance/Refinanced NordLB| Wells Fargo Bank
A320-200 V2500 Feb-12 3 AWAS ECA / EXIM| Tax Lease KfW IPEX-Bank
A320-200 V2500 Feb-12 1 Comtran International Loan/Finance/Refinanced International Bank of Commerce
A320-200 CFM56 Mar-12 2 Operating Lease - Sale and Lease Back Bank of America Leasing & Capital Easyjet
A320-200 CFM56 Mar-12 1 Purchase GA Telesis AFT 1999-1 ABS Portfolio
A320-200 CFM56 Mar-12 1 Purchase GA Telesis AIRPT 2001-1 ABS Portfolio
A320-200 CFM56 Mar-12 1 Purchase Infinity Trading & Solutions GA Telesis
A320-200 CFM56 Mar-12 1 Purchase Sargent Avborne GA Telesis
A320-200 V2500 Mar-12 5 Operating Lease - Sale and Lease Back MC Aviation Partners/Mitsubishi Corporation Tiger Airways
A320-200 CFM56 Mar-12 4 Air China ECA / EXIM JP Morgan Chase Bank
A320-200 TBC Mar-12 7 AWAS Pre Delivery Payment Natixis Natixis
A320-200 V2500 Mar-12 1 BOC Aviation Loan/Finance/Refinanced KfW IPEX-Bank
A320-200 CFM56 Mar-12 4 China Eastern Airlines Tax Lease Commerzbank Yamasa Lease
A320-200 CFM56 Mar-12 4 Delta Air Lines Loan/Finance/Refinanced JP Morgan Chase Bank
A320-200 CFM56 Mar-12 2 Easyjet Operating Lease - Sale and Lease Back Commonwealth Bank of Australia
A320-200 CFM56 Mar-12 4 Easyjet Tax Lease Santander
A320-200 V2500 Mar-12 1 Jackson Square Aviation Loan/Finance/Refinanced NordLB| Unicredit
A320-200 V2500 Mar-12 1 Jackson Square Aviation Loan/Finance/Refinanced KfW IPEX-Bank| DVB Bank| Credit Agricole Corporate and Investment Bank| BNP Paribas
A320-200 V2500 Mar-12 1 Qantas Tax Lease Credit Agricole Corporate and Investment Bank
A320-200 V2500 Mar-12 2 South African Airways Loan/Finance/Refinanced Commonwealth Bank of Australia
A320-200 CFM56 Mar-12 3 Spring Airlines Loan/Finance/Refinanced China Development Bank
A320-200 CFM56 Mar-12 2 TAM Linhas Aereas Tax Lease Natixis Natixis Nomura Babcock & Brown
A320-200 CFM56 Apr-12 1 Operating Lease - Sale and Lease Back GECAS Air France
A320-200 CFM56 Apr-12 2 Operating Lease - Sale and Lease Back MC Aviation Partners/Mitsubishi Corporation Gulf Air
A320-200 CFM56 Apr-12 2 Operating Lease - Sale and Lease Back MC Aviation Partners/Mitsubishi Corporation Niki
A320-200 CFM56 Apr-12 1 Purchase Air Salvage International RPK Capital Management Group
A320-200 CFM56 Apr-12 1 Purchase Avion Capital Partners AERLS 2007-1 ABS Portfolio
A320-200 CFM56 Apr-12 1 Purchase FL Technics (Lithuania) AERCO 2000-1 ABS Portfolio
A320-200 V2500 Apr-12 6 Operating Lease - Sale and Lease Back Century Tokyo Leasing Jetstar Japan
A320-200 V2500 Apr-12 1 Purchase Interjet Aviation Capital Group
56 | Flightglobal Insight | AircrAft finAnce 2013 AircrAft finAnce 2013 |Flightglobal Insight | 57
AircrAft finAnce 2013
aircrafT finance deals announced in 2012
aircraft model engine type Month Number of aircraft
customer Deal structure arrangers Debt provider equity providers buyer Seller
A320-200 CFM56 Jan-12 1 Operating Lease - Sale and Lease Back GECAS GoAir
A320-200 CFM56 Jan-12 1 Purchase Intertrade CIT Aerospace
A320-200 CFM56 Jan-12 1 Purchase Santos Dumont Aircraft Management GOAL German Operating Aircraft Leasing
A320-200 CFM56 Jan-12 1 Purchase SouthJet Two Wallis Trading
A320-200 CFM56 Jan-12 2 Purchase - Lease Attached China World Aviation GECAS
A320-200 CFM56 Jan-12 4 Purchase - Lease Attached ORIX Aviation GECAS
A320-200 V2500 Jan-12 2 Operating Lease - Sale and Lease Back Pembroke Group Tiger Airways
A320-200 V2500 Jan-12 1 Purchase Aeronautics Fund ACAP 2005-3 ABS Portfolio
A320-200 CFM56 Jan-12 1 Air China Tax Lease| Loan/Finance/Refinanced Credit Agricole Corporate and Investment Bank
A320-200 CFM56 Jan-12 1 Avolon Aerospace Leasing Loan/Finance/Refinanced KfW IPEX-Bank| BNP Paribas| Credit Agricole Corporate and Investment Bank| Deutsche Bank | UBS
A320-200 V2500 Jan-12 1 Avolon Aerospace Leasing Loan/Finance/Refinanced Wells Fargo Bank
A320-200 CFM56 Jan-12 7 Cebu Pacific Air Pre Delivery Payment Citibank| BDO Unibank
A320-200 CFM56 Jan-12 1 China Aircraft Leasing ECA / EXIM China Exim Bank
A320-200 V2500 Jan-12 1 Hainan Airlines Finance Lease China Development Bank| Changjiang Leasing
A320-200 CFM56 Jan-12 1 ICBC Leasing Loan/Finance/Refinanced DVB Bank
A320-200 CFM56 Jan-12 6 ILFC Capital Markets
A320-200 V2500 Jan-12 2 ILFC Capital Markets
A320-200 V2500 Jan-12 1 Middle East Airlines Loan/Finance/Refinanced Bank Audi
A320-200 CFM56 Jan-12 1 Spring Airlines ECA / EXIM China Exim Bank
A320-200 CFM56 Jan-12 1 Spring Airlines Finance Lease CMB Financial Leasing| Bank of China
A320-200 CFM56 Jan-12 1 Spring Airlines Finance Lease NordLB| Standard Chartered Bank NordLB| Standard Chartered Bank
A320-200 CFM56 Feb-12 1 Purchase - Lease Attached Aircastle Advisor PALS 2001-1 ABS Portfolio
A320-200 CFM56 Feb-12 5 Purchase - Lease Attached AWAS GECAS
A320-200 CFM56 Feb-12 1 Avolon Aerospace Leasing ECA / EXIM Helaba Landesbank Hessen Thuringen
A320-200 V2500 Feb-12 3 Avolon Aerospace Leasing ECA / EXIM Helaba Landesbank Hessen Thuringen
A320-200 CFM56 Feb-12 2 AWAS ECA / EXIM| Tax Lease KfW IPEX-Bank
A320-200 CFM56 Feb-12 1 AWAS Loan/Finance/Refinanced Undisclosed Bank / Broker / Lessor
A320-200 TBC Feb-12 5 AWAS Loan/Finance/Refinanced NordLB| Wells Fargo Bank
A320-200 V2500 Feb-12 3 AWAS ECA / EXIM| Tax Lease KfW IPEX-Bank
A320-200 V2500 Feb-12 1 Comtran International Loan/Finance/Refinanced International Bank of Commerce
A320-200 CFM56 Mar-12 2 Operating Lease - Sale and Lease Back Bank of America Leasing & Capital Easyjet
A320-200 CFM56 Mar-12 1 Purchase GA Telesis AFT 1999-1 ABS Portfolio
A320-200 CFM56 Mar-12 1 Purchase GA Telesis AIRPT 2001-1 ABS Portfolio
A320-200 CFM56 Mar-12 1 Purchase Infinity Trading & Solutions GA Telesis
A320-200 CFM56 Mar-12 1 Purchase Sargent Avborne GA Telesis
A320-200 V2500 Mar-12 5 Operating Lease - Sale and Lease Back MC Aviation Partners/Mitsubishi Corporation Tiger Airways
A320-200 CFM56 Mar-12 4 Air China ECA / EXIM JP Morgan Chase Bank
A320-200 TBC Mar-12 7 AWAS Pre Delivery Payment Natixis Natixis
A320-200 V2500 Mar-12 1 BOC Aviation Loan/Finance/Refinanced KfW IPEX-Bank
A320-200 CFM56 Mar-12 4 China Eastern Airlines Tax Lease Commerzbank Yamasa Lease
A320-200 CFM56 Mar-12 4 Delta Air Lines Loan/Finance/Refinanced JP Morgan Chase Bank
A320-200 CFM56 Mar-12 2 Easyjet Operating Lease - Sale and Lease Back Commonwealth Bank of Australia
A320-200 CFM56 Mar-12 4 Easyjet Tax Lease Santander
A320-200 V2500 Mar-12 1 Jackson Square Aviation Loan/Finance/Refinanced NordLB| Unicredit
A320-200 V2500 Mar-12 1 Jackson Square Aviation Loan/Finance/Refinanced KfW IPEX-Bank| DVB Bank| Credit Agricole Corporate and Investment Bank| BNP Paribas
A320-200 V2500 Mar-12 1 Qantas Tax Lease Credit Agricole Corporate and Investment Bank
A320-200 V2500 Mar-12 2 South African Airways Loan/Finance/Refinanced Commonwealth Bank of Australia
A320-200 CFM56 Mar-12 3 Spring Airlines Loan/Finance/Refinanced China Development Bank
A320-200 CFM56 Mar-12 2 TAM Linhas Aereas Tax Lease Natixis Natixis Nomura Babcock & Brown
A320-200 CFM56 Apr-12 1 Operating Lease - Sale and Lease Back GECAS Air France
A320-200 CFM56 Apr-12 2 Operating Lease - Sale and Lease Back MC Aviation Partners/Mitsubishi Corporation Gulf Air
A320-200 CFM56 Apr-12 2 Operating Lease - Sale and Lease Back MC Aviation Partners/Mitsubishi Corporation Niki
A320-200 CFM56 Apr-12 1 Purchase Air Salvage International RPK Capital Management Group
A320-200 CFM56 Apr-12 1 Purchase Avion Capital Partners AERLS 2007-1 ABS Portfolio
A320-200 CFM56 Apr-12 1 Purchase FL Technics (Lithuania) AERCO 2000-1 ABS Portfolio
A320-200 V2500 Apr-12 6 Operating Lease - Sale and Lease Back Century Tokyo Leasing Jetstar Japan
A320-200 V2500 Apr-12 1 Purchase Interjet Aviation Capital Group
AircrAft finAnce 2013
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aircrafT finance deals announced in 2012
aircraft model engine type Month Number of aircraft
customer Deal structure arrangers Debt provider equity providers buyer Seller
A320-200 CFM56 Apr-12 2 Air Arabia Loan/Finance/Refinanced Sumitomo Mitsui Banking (SMBC)
A320-200 CFM56 Apr-12 1 Avolon Aerospace Leasing Loan/Finance/Refinanced KfW IPEX-Bank| Credit Agricole Corporate and Investment Bank| BNP Paribas| Deutsche Bank | UBS
A320-200 V2500 Apr-12 1 Avolon Aerospace Leasing Loan/Finance/Refinanced KfW IPEX-Bank| BNP Paribas| Credit Agricole Corporate and Investment Bank| Deutsche Bank | UBS
A320-200 CFM56 Apr-12 1 AWAS Loan/Finance/Refinanced BNP Paribas
A320-200 CFM56 Apr-12 2 BOC Aviation Loan/Finance/Refinanced DVB Bank
A320-200 V2500 Apr-12 3 BOC Aviation Loan/Finance/Refinanced DVB Bank
A320-200 CFM56 Apr-12 4 CSA Czech Airlines Tax Lease| ECA / EXIM CIC Bank| Credit Agricole Corporate and Investment Bank
A320-200 V2500 Apr-12 1 Hainan Airlines Finance Lease China Development Bank| Changjiang Leasing
A320-200 CFM56 Apr-12 2 ILFC Capital Markets
A320-200 V2500 Apr-12 2 ILFC Capital Markets
A320-200 V2500 Apr-12 1 TACA International Airlines Loan/Finance/Refinanced Undisclosed Bank / Broker / Lessor
A320-200 CFM56 May-12 1 Operating Lease - Sale and Lease Back Chishima Real Estate Air France
A320-200 CFM56 May-12 1 Purchase - Lease Attached Plane Business Leasing AerCap
A320-200 V2500 May-12 1 Operating Lease - Sale and Lease Back BoCom Leasing Shenzhen Airlines
A320-200 V2500 May-12 1 Operating Lease - Sale and Lease Back GECAS Spirit Airlines
A320-200 V2500 May-12 2 Purchase Gomera Trading AWAS
A320-200 CFM56 May-12 2 Air Arabia ECA / EXIM Standard Chartered Bank
A320-200 CFM56 May-12 1 Air China Tax Lease BNP Paribas| Sumitomo Mitsui Banking (SMBC) BNP Paribas
A320-200 V2500 May-12 1 Air China Tax Lease BNP Paribas| Sumitomo Mitsui Banking (SMBC) BNP Paribas
A320-200 V2500 May-12 1 BoCom Leasing Loan/Finance/Refinanced Unconfirmed Chinese Bank
A320-200 CFM56 May-12 1 China Eastern Airlines Loan/Finance/Refinanced Bank of China
A320-200 CFM56 May-12 2 Interjet ECA / EXIM Credit Agricole Corporate and Investment Bank| Credit Suisse
A320-200 V2500 May-12 1 Sichuan Airlines ECA / EXIM China Exim Bank
A320-200 CFM56 Jun-12 1 Purchase Aeronautics Fund Macquarie AirFinance
A320-200 CFM56 Jun-12 1 Purchase ILFC Air Salvage International
A320-200 CFM56 Jun-12 2 Purchase ILFC Mitsui Sumitomo Trust Panasonic Finance
A320-200 CFM56 Jun-12 1 Purchase Jordan Aviation FG Wing Leasing
A320-200 CFM56 Jun-12 1 Purchase Undisclosed Bank / Broker / Lessor ILFC
A320-200 CFM56 Jun-12 2 Purchase - Lease Attached Airfleet Credit FLY Leasing
A320-200 V2500 Jun-12 2 Operating Lease - Sale and Lease Back JJJ1 Jetstar Japan
A320-200 CFM56 Jun-12 1 AerCap Loan/Finance/Refinanced Undisclosed Bank / Broker / Lessor
A320-200 CFM56 Jun-12 4 Air Arabia ECA / EXIM KfW IPEX-Bank
A320-200 CFM56 Jun-12 2 Air Arabia Finance Lease KfW IPEX-Bank
A320-200 CFM56 Jun-12 1 AirAsia Loan/Finance/Refinanced Credit Agricole Corporate and Investment Bank Credit Agricole Corporate and Investment Bank| Tokyo Star Bank
A320-200 V2500 Jun-12 1 Aviation Capital Group Loan/Finance/Refinanced BNP Paribas
A320-200 V2500 Jun-12 1 Avolon Aerospace Leasing Loan/Finance/Refinanced Commonwealth Bank of Australia
A320-200 V2500 Jun-12 1 Avolon Aerospace Leasing Loan/Finance/Refinanced Undisclosed Bank / Broker / Lessor
A320-200 CFM56 Jun-12 1 AWAS Capital Markets
A320-200 CFM56 Jun-12 1 AWAS Loan/Finance/Refinanced Helaba Landesbank Hessen Thuringen
A320-200 TBC Jun-12 8 AWAS ECA / EXIM KfW IPEX-Bank
A320-200 TBC Jun-12 20 AWAS Pre Delivery Payment Investec Bank Investec Bank
A320-200 V2500 Jun-12 1 AWAS Capital Markets
A320-200 V2500 Jun-12 1 China Southern Airlines ECA / EXIM| Tax Lease Credit Agricole Corporate and Investment Bank CIC Bank| Sumitomo Mitsui Banking (SMBC)
A320-200 CFM56 Jun-12 2 China World Aviation Leasing Loan/Finance/Refinanced GE Japan
A320-200 CFM56 Jun-12 3 CIT Aerospace ECA / EXIM Undisclosed Bank / Broker / Lessor
A320-200 CFM56 Jun-12 7 Delta Air Lines Capital Markets
A320-200 V2500 Jun-12 2 Jackson Square Aviation ECA / EXIM Credit Agricole Corporate and Investment Bank Credit Agricole Corporate and Investment Bank
A320-200 CFM56 Jun-12 1 Jazeera Airways ECA / EXIM Natixis Gulf Bank
A320-200 V2500 Jun-12 2 JetBlue Airways Capital Markets
A320-200 V2500 Jun-12 1 JetBlue Airways Loan/Finance/Refinanced CIC Bank
A320-200 V2500 Jun-12 2 Shenzhen Airlines Loan/Finance/Refinanced China Development Bank
A320-200 CFM56 Jun-12 2 TAM Linhas Aereas ECA / EXIM HSBC Bank
A320-200 V2500 Jun-12 2 Volito Aviation Services Loan/Finance/Refinanced GE Japan
A320-200 CFM56 Jul-12 1 Operating Lease - Sale and Lease Back Deucalion Aviation Funds Monarch Airlines
A320-200 CFM56 Jul-12 1 Operating Lease - Sale and Lease Back GECAS GoAir
A320-200 V2500 Jul-12 3 Operating Lease - Sale and Lease Back CDB Leasing IndiGo
A320-200 V2500 Jul-12 6 Operating Lease - Sale and Lease Back GECAS Jetstar Japan
58 | Flightglobal Insight | AircrAft finAnce 2013 AircrAft finAnce 2013 |Flightglobal Insight | 59
AircrAft finAnce 2013
aircrafT finance deals announced in 2012
aircraft model engine type Month Number of aircraft
customer Deal structure arrangers Debt provider equity providers buyer Seller
A320-200 CFM56 Apr-12 2 Air Arabia Loan/Finance/Refinanced Sumitomo Mitsui Banking (SMBC)
A320-200 CFM56 Apr-12 1 Avolon Aerospace Leasing Loan/Finance/Refinanced KfW IPEX-Bank| Credit Agricole Corporate and Investment Bank| BNP Paribas| Deutsche Bank | UBS
A320-200 V2500 Apr-12 1 Avolon Aerospace Leasing Loan/Finance/Refinanced KfW IPEX-Bank| BNP Paribas| Credit Agricole Corporate and Investment Bank| Deutsche Bank | UBS
A320-200 CFM56 Apr-12 1 AWAS Loan/Finance/Refinanced BNP Paribas
A320-200 CFM56 Apr-12 2 BOC Aviation Loan/Finance/Refinanced DVB Bank
A320-200 V2500 Apr-12 3 BOC Aviation Loan/Finance/Refinanced DVB Bank
A320-200 CFM56 Apr-12 4 CSA Czech Airlines Tax Lease| ECA / EXIM CIC Bank| Credit Agricole Corporate and Investment Bank
A320-200 V2500 Apr-12 1 Hainan Airlines Finance Lease China Development Bank| Changjiang Leasing
A320-200 CFM56 Apr-12 2 ILFC Capital Markets
A320-200 V2500 Apr-12 2 ILFC Capital Markets
A320-200 V2500 Apr-12 1 TACA International Airlines Loan/Finance/Refinanced Undisclosed Bank / Broker / Lessor
A320-200 CFM56 May-12 1 Operating Lease - Sale and Lease Back Chishima Real Estate Air France
A320-200 CFM56 May-12 1 Purchase - Lease Attached Plane Business Leasing AerCap
A320-200 V2500 May-12 1 Operating Lease - Sale and Lease Back BoCom Leasing Shenzhen Airlines
A320-200 V2500 May-12 1 Operating Lease - Sale and Lease Back GECAS Spirit Airlines
A320-200 V2500 May-12 2 Purchase Gomera Trading AWAS
A320-200 CFM56 May-12 2 Air Arabia ECA / EXIM Standard Chartered Bank
A320-200 CFM56 May-12 1 Air China Tax Lease BNP Paribas| Sumitomo Mitsui Banking (SMBC) BNP Paribas
A320-200 V2500 May-12 1 Air China Tax Lease BNP Paribas| Sumitomo Mitsui Banking (SMBC) BNP Paribas
A320-200 V2500 May-12 1 BoCom Leasing Loan/Finance/Refinanced Unconfirmed Chinese Bank
A320-200 CFM56 May-12 1 China Eastern Airlines Loan/Finance/Refinanced Bank of China
A320-200 CFM56 May-12 2 Interjet ECA / EXIM Credit Agricole Corporate and Investment Bank| Credit Suisse
A320-200 V2500 May-12 1 Sichuan Airlines ECA / EXIM China Exim Bank
A320-200 CFM56 Jun-12 1 Purchase Aeronautics Fund Macquarie AirFinance
A320-200 CFM56 Jun-12 1 Purchase ILFC Air Salvage International
A320-200 CFM56 Jun-12 2 Purchase ILFC Mitsui Sumitomo Trust Panasonic Finance
A320-200 CFM56 Jun-12 1 Purchase Jordan Aviation FG Wing Leasing
A320-200 CFM56 Jun-12 1 Purchase Undisclosed Bank / Broker / Lessor ILFC
A320-200 CFM56 Jun-12 2 Purchase - Lease Attached Airfleet Credit FLY Leasing
A320-200 V2500 Jun-12 2 Operating Lease - Sale and Lease Back JJJ1 Jetstar Japan
A320-200 CFM56 Jun-12 1 AerCap Loan/Finance/Refinanced Undisclosed Bank / Broker / Lessor
A320-200 CFM56 Jun-12 4 Air Arabia ECA / EXIM KfW IPEX-Bank
A320-200 CFM56 Jun-12 2 Air Arabia Finance Lease KfW IPEX-Bank
A320-200 CFM56 Jun-12 1 AirAsia Loan/Finance/Refinanced Credit Agricole Corporate and Investment Bank Credit Agricole Corporate and Investment Bank| Tokyo Star Bank
A320-200 V2500 Jun-12 1 Aviation Capital Group Loan/Finance/Refinanced BNP Paribas
A320-200 V2500 Jun-12 1 Avolon Aerospace Leasing Loan/Finance/Refinanced Commonwealth Bank of Australia
A320-200 V2500 Jun-12 1 Avolon Aerospace Leasing Loan/Finance/Refinanced Undisclosed Bank / Broker / Lessor
A320-200 CFM56 Jun-12 1 AWAS Capital Markets
A320-200 CFM56 Jun-12 1 AWAS Loan/Finance/Refinanced Helaba Landesbank Hessen Thuringen
A320-200 TBC Jun-12 8 AWAS ECA / EXIM KfW IPEX-Bank
A320-200 TBC Jun-12 20 AWAS Pre Delivery Payment Investec Bank Investec Bank
A320-200 V2500 Jun-12 1 AWAS Capital Markets
A320-200 V2500 Jun-12 1 China Southern Airlines ECA / EXIM| Tax Lease Credit Agricole Corporate and Investment Bank CIC Bank| Sumitomo Mitsui Banking (SMBC)
A320-200 CFM56 Jun-12 2 China World Aviation Leasing Loan/Finance/Refinanced GE Japan
A320-200 CFM56 Jun-12 3 CIT Aerospace ECA / EXIM Undisclosed Bank / Broker / Lessor
A320-200 CFM56 Jun-12 7 Delta Air Lines Capital Markets
A320-200 V2500 Jun-12 2 Jackson Square Aviation ECA / EXIM Credit Agricole Corporate and Investment Bank Credit Agricole Corporate and Investment Bank
A320-200 CFM56 Jun-12 1 Jazeera Airways ECA / EXIM Natixis Gulf Bank
A320-200 V2500 Jun-12 2 JetBlue Airways Capital Markets
A320-200 V2500 Jun-12 1 JetBlue Airways Loan/Finance/Refinanced CIC Bank
A320-200 V2500 Jun-12 2 Shenzhen Airlines Loan/Finance/Refinanced China Development Bank
A320-200 CFM56 Jun-12 2 TAM Linhas Aereas ECA / EXIM HSBC Bank
A320-200 V2500 Jun-12 2 Volito Aviation Services Loan/Finance/Refinanced GE Japan
A320-200 CFM56 Jul-12 1 Operating Lease - Sale and Lease Back Deucalion Aviation Funds Monarch Airlines
A320-200 CFM56 Jul-12 1 Operating Lease - Sale and Lease Back GECAS GoAir
A320-200 V2500 Jul-12 3 Operating Lease - Sale and Lease Back CDB Leasing IndiGo
A320-200 V2500 Jul-12 6 Operating Lease - Sale and Lease Back GECAS Jetstar Japan
AircrAft finAnce 2013
60 | Flightglobal Insight | AircrAft finAnce 2013 AircrAft finAnce 2013 |Flightglobal Insight | 61
aircrafT finance deals announced in 2012
aircraft model engine type Month Number of aircraft
customer Deal structure arrangers Debt provider equity providers buyer Seller
A320-200 V2500 Jul-12 4 Operating Lease - Sale and Lease Back Hong Kong Aviation Capital Jetstar Japan
A320-200 V2500 Jul-12 3 Operating Lease - Sale and Lease Back Jackson Square Aviation Jetstar Japan
A320-200 V2500 Jul-12 5 Operating Lease - Sale and Lease Back MC Aviation Partners/Mitsubishi Jetstar Japan
A320-200 CFM56 Jul-12 2 AirAsia Finance Lease Red Angels
A320-200 V2500 Jul-12 3 CDB Leasing Loan/Finance/Refinanced Korea Development Bank| KfW IPEX-Bank
A320-200 CFM56 Jul-12 3 Cebu Pacific Air ECA / EXIM KfW IPEX-Bank| Sumitomo Mitsui Banking (SMBC)
A320-200 V2500 Jul-12 2 China Southern Airlines Tax Lease BNP Paribas| Development Bank of Japan| Korea Development Bank| Mega Bank Development Bank of Japan| Korea Development Bank| Mega Bank
A320-200 V2500 Jul-12 6 TAM Linhas Aereas ECA / EXIM BNP Paribas
A320-200 V2500 Jul-12 2 TAM Linhas Aereas Finance Lease DVB Bank
A320-200 CFM56 Aug-12 1 Purchase - Lease Attached Arab Leasing International Finance Avion Capital Partners
A320-200 CFM56 Aug-12 1 Purchase - Lease Attached Craentex Investments AERCO 2000-1 ABS Portfolio
A320-200 V2500 Aug-12 1 Purchase ATA Air Khors Aircompany
A320-200 TBC Aug-12 4 Avianca| TACA International Airlines Pre Delivery Payment Natixis
A320-200 CFM56 Aug-12 1 Juneyao Airlines Loan/Finance/Refinanced Bank of Communications
A320-200 CFM56 Aug-12 6 LAN Airlines ECA / EXIM Tenca Leasing
A320-200 V2500 Aug-12 1 Sichuan Airlines Loan/Finance/Refinanced China Development Bank
A320-200 CFM56 Sep-12 1 Purchase Airfinancial Management AerCap
A320-200 CFM56 Sep-12 2 Purchase - Lease Attached BoCom Leasing GECAS
A320-200 CFM56 Sep-12 2 Purchase - Lease Attached ICBC Leasing SMBC Aviation Capital
A320-200 CFM56 Sep-12 1 Purchase - Lease Attached ORIX Aviation AWAS
A320-200 V2500 Sep-12 3 Operating Lease - Sale and Lease Back Hong Kong Aviation Capital IndiGo
A320-200 V2500 Sep-12 2 Purchase Meraj Air Undisclosed Bank / Broker / Lessor
A320-200 V2500 Sep-12 2 Purchase Undisclosed Bank / Broker / Lessor Air Mart Capital
A320-200 V2500 Sep-12 1 Purchase - Lease Attached Mitsubishi UFJ Lease & Finance MC Aviation Partners/Mitsubishi
A320-200 CFM56 Sep-12 1 AirAsia Loan/Finance/Refinanced KTB Leasing Company
A320-200 CFM56 Sep-12 1 AWAS Loan/Finance/Refinanced DVB Bank Development Bank of Japan
A320-200 CFM56 Sep-12 2 BoCom Leasing Loan/Finance/Refinanced Bank of China
A320-200 TBC Sep-12 1 CDB Leasing Loan/Finance/Refinanced DVB Bank
A320-200 CFM56 Oct-12 1 Operating Lease - Sale and Lease Back Changjiang Leasing Hong Kong Airlines
A320-200 CFM56 Oct-12 1 Purchase Undisclosed Bank / Broker / Lessor Iberia
A320-200 CFM56 Oct-12 1 Purchase - Lease Attached FGL Aircraft Ireland Avolon Aerospace Leasing
A320-200 V2500 Oct-12 4 Operating Lease - Sale and Lease Back GECAS Volaris
A320-200 V2500 Oct-12 2 Operating Lease - Sale and Lease Back Pembroke Group IndiGo
A320-200 V2500 Oct-12 3 Operating Lease - Sale and Lease Back Pembroke Group Tiger Airways
A320-200 V2500 Oct-12 2 Purchase Intertrade CIT Aerospace
A320-200 CFM56 Oct-12 1 Changjiang Leasing ECA / EXIM China Exim Bank
A320-200 CFM56 Nov-12 2 Operating Lease - Sale and Lease Back ORIX Aviation Avianca
A320-200 CFM56 Nov-12 1 Purchase AAR Parts Trading GECAS
A320-200 CFM56 Nov-12 1 Purchase Asian Express Airline Aerostar Leasing
A320-200 V2500 Nov-12 1 Operating Lease - Sale and Lease Back BoCom Leasing Shenzhen Airlines
A320-200 V2500 Nov-12 1 Operating Lease - Sale and Lease Back CCB Financial Leasing Corporation China Eastern Airlines
A320-200 V2500 Nov-12 3 Operating Lease - Sale and Lease Back MC Aviation Partners/Mitsubishi Corporation Spirit Airlines
A320-200 V2500 Nov-12 1 Operating Lease - Sale and Lease Back Qatar Aviation Lease Company Qatar Airways
A320-200 V2500 Nov-12 1 Purchase MidAmerican Aerospace EAST 2000-1 ABS Portfolio
A320-200 V2500 Nov-12 2 Purchase - Lease Attached Pembroke Group Q Aviation
A320-200 V2500 Nov-12 2 Purchase - Lease Attached Pembroke Group SMBC Aviation Capital
A320-200 V2500 Nov-12 1 Purchase - Lease Attached Undisclosed Bank / Broker / Lessor AWAS
A320-200 CFM56 Nov-12 2 Avianca ECA / EXIM Citibank
A320-200 TBC Nov-12 2 AWAS ECA / EXIM Natixis Apple Bank
A320-200 V2500 Nov-12 1 AWAS ECA / EXIM Natixis Apple Bank
A320-200 V2500 Nov-12 4 BOC Aviation Loan/Finance/Refinanced Westpac Banking
A320-200 V2500 Nov-12 1 British Airways Loan/Finance/Refinanced Credit Agricole Corporate and Investment Bank
A320-200 V2500 Nov-12 1 British Airways Tax Lease Credit Agricole Corporate and Investment Bank NTT Finance
A320-200 CFM56 Nov-12 2 Interjet Loan/Finance/Refinanced Unconfirmed US Bank
A320-200 V2500 Nov-12 1 JetBlue Airways Loan/Finance/Refinanced BNP Paribas
A320-200 V2500 Nov-12 1 Jetstar Japan Finance Lease JJJ2
A320-200 CFM56 Dec-12 1 Purchase Aeronautics Fund Air Sweden
60 | Flightglobal Insight | AircrAft finAnce 2013 AircrAft finAnce 2013 |Flightglobal Insight | 61
AircrAft finAnce 2013
aircrafT finance deals announced in 2012
aircraft model engine type Month Number of aircraft
customer Deal structure arrangers Debt provider equity providers buyer Seller
A320-200 V2500 Jul-12 4 Operating Lease - Sale and Lease Back Hong Kong Aviation Capital Jetstar Japan
A320-200 V2500 Jul-12 3 Operating Lease - Sale and Lease Back Jackson Square Aviation Jetstar Japan
A320-200 V2500 Jul-12 5 Operating Lease - Sale and Lease Back MC Aviation Partners/Mitsubishi Jetstar Japan
A320-200 CFM56 Jul-12 2 AirAsia Finance Lease Red Angels
A320-200 V2500 Jul-12 3 CDB Leasing Loan/Finance/Refinanced Korea Development Bank| KfW IPEX-Bank
A320-200 CFM56 Jul-12 3 Cebu Pacific Air ECA / EXIM KfW IPEX-Bank| Sumitomo Mitsui Banking (SMBC)
A320-200 V2500 Jul-12 2 China Southern Airlines Tax Lease BNP Paribas| Development Bank of Japan| Korea Development Bank| Mega Bank Development Bank of Japan| Korea Development Bank| Mega Bank
A320-200 V2500 Jul-12 6 TAM Linhas Aereas ECA / EXIM BNP Paribas
A320-200 V2500 Jul-12 2 TAM Linhas Aereas Finance Lease DVB Bank
A320-200 CFM56 Aug-12 1 Purchase - Lease Attached Arab Leasing International Finance Avion Capital Partners
A320-200 CFM56 Aug-12 1 Purchase - Lease Attached Craentex Investments AERCO 2000-1 ABS Portfolio
A320-200 V2500 Aug-12 1 Purchase ATA Air Khors Aircompany
A320-200 TBC Aug-12 4 Avianca| TACA International Airlines Pre Delivery Payment Natixis
A320-200 CFM56 Aug-12 1 Juneyao Airlines Loan/Finance/Refinanced Bank of Communications
A320-200 CFM56 Aug-12 6 LAN Airlines ECA / EXIM Tenca Leasing
A320-200 V2500 Aug-12 1 Sichuan Airlines Loan/Finance/Refinanced China Development Bank
A320-200 CFM56 Sep-12 1 Purchase Airfinancial Management AerCap
A320-200 CFM56 Sep-12 2 Purchase - Lease Attached BoCom Leasing GECAS
A320-200 CFM56 Sep-12 2 Purchase - Lease Attached ICBC Leasing SMBC Aviation Capital
A320-200 CFM56 Sep-12 1 Purchase - Lease Attached ORIX Aviation AWAS
A320-200 V2500 Sep-12 3 Operating Lease - Sale and Lease Back Hong Kong Aviation Capital IndiGo
A320-200 V2500 Sep-12 2 Purchase Meraj Air Undisclosed Bank / Broker / Lessor
A320-200 V2500 Sep-12 2 Purchase Undisclosed Bank / Broker / Lessor Air Mart Capital
A320-200 V2500 Sep-12 1 Purchase - Lease Attached Mitsubishi UFJ Lease & Finance MC Aviation Partners/Mitsubishi
A320-200 CFM56 Sep-12 1 AirAsia Loan/Finance/Refinanced KTB Leasing Company
A320-200 CFM56 Sep-12 1 AWAS Loan/Finance/Refinanced DVB Bank Development Bank of Japan
A320-200 CFM56 Sep-12 2 BoCom Leasing Loan/Finance/Refinanced Bank of China
A320-200 TBC Sep-12 1 CDB Leasing Loan/Finance/Refinanced DVB Bank
A320-200 CFM56 Oct-12 1 Operating Lease - Sale and Lease Back Changjiang Leasing Hong Kong Airlines
A320-200 CFM56 Oct-12 1 Purchase Undisclosed Bank / Broker / Lessor Iberia
A320-200 CFM56 Oct-12 1 Purchase - Lease Attached FGL Aircraft Ireland Avolon Aerospace Leasing
A320-200 V2500 Oct-12 4 Operating Lease - Sale and Lease Back GECAS Volaris
A320-200 V2500 Oct-12 2 Operating Lease - Sale and Lease Back Pembroke Group IndiGo
A320-200 V2500 Oct-12 3 Operating Lease - Sale and Lease Back Pembroke Group Tiger Airways
A320-200 V2500 Oct-12 2 Purchase Intertrade CIT Aerospace
A320-200 CFM56 Oct-12 1 Changjiang Leasing ECA / EXIM China Exim Bank
A320-200 CFM56 Nov-12 2 Operating Lease - Sale and Lease Back ORIX Aviation Avianca
A320-200 CFM56 Nov-12 1 Purchase AAR Parts Trading GECAS
A320-200 CFM56 Nov-12 1 Purchase Asian Express Airline Aerostar Leasing
A320-200 V2500 Nov-12 1 Operating Lease - Sale and Lease Back BoCom Leasing Shenzhen Airlines
A320-200 V2500 Nov-12 1 Operating Lease - Sale and Lease Back CCB Financial Leasing Corporation China Eastern Airlines
A320-200 V2500 Nov-12 3 Operating Lease - Sale and Lease Back MC Aviation Partners/Mitsubishi Corporation Spirit Airlines
A320-200 V2500 Nov-12 1 Operating Lease - Sale and Lease Back Qatar Aviation Lease Company Qatar Airways
A320-200 V2500 Nov-12 1 Purchase MidAmerican Aerospace EAST 2000-1 ABS Portfolio
A320-200 V2500 Nov-12 2 Purchase - Lease Attached Pembroke Group Q Aviation
A320-200 V2500 Nov-12 2 Purchase - Lease Attached Pembroke Group SMBC Aviation Capital
A320-200 V2500 Nov-12 1 Purchase - Lease Attached Undisclosed Bank / Broker / Lessor AWAS
A320-200 CFM56 Nov-12 2 Avianca ECA / EXIM Citibank
A320-200 TBC Nov-12 2 AWAS ECA / EXIM Natixis Apple Bank
A320-200 V2500 Nov-12 1 AWAS ECA / EXIM Natixis Apple Bank
A320-200 V2500 Nov-12 4 BOC Aviation Loan/Finance/Refinanced Westpac Banking
A320-200 V2500 Nov-12 1 British Airways Loan/Finance/Refinanced Credit Agricole Corporate and Investment Bank
A320-200 V2500 Nov-12 1 British Airways Tax Lease Credit Agricole Corporate and Investment Bank NTT Finance
A320-200 CFM56 Nov-12 2 Interjet Loan/Finance/Refinanced Unconfirmed US Bank
A320-200 V2500 Nov-12 1 JetBlue Airways Loan/Finance/Refinanced BNP Paribas
A320-200 V2500 Nov-12 1 Jetstar Japan Finance Lease JJJ2
A320-200 CFM56 Dec-12 1 Purchase Aeronautics Fund Air Sweden
AircrAft finAnce 2013
62 | Flightglobal Insight | AircrAft finAnce 2013 AircrAft finAnce 2013 |Flightglobal Insight | 63
aircrafT finance deals announced in 2012
aircraft model engine type Month Number of aircraft
customer Deal structure arrangers Debt provider equity providers buyer Seller
A320-200 CFM56 Dec-12 1 Purchase African Holding Co of America AeroTurbine
A320-200 CFM56 Dec-12 9 Purchase Allegiant Air Undisclosed Bank / Broker / Lessor
A320-200 CFM56 Dec-12 1 Purchase Av-Air All Nippon Airways
A320-200 CFM56 Dec-12 1 Purchase Infinity Trading & Solutions Aircastle Advisor
A320-200 CFM56 Dec-12 2 Purchase - Lease Attached Pembroke Group SMBC Aviation Capital
A320-200 V2500 Dec-12 3 Operating Lease - Sale and Lease Back MC Aviation Partners/Mitsubishi Corporation Wizz Air
A320-200 V2500 Dec-12 1 Purchase Aerotron ACST 2006-1 ABS Portfolio
A320-200 V2500 Dec-12 5 Purchase - Lease Attached Pembroke Group SMBC Aviation Capital
A320-200 CFM56 Dec-12 1 African Holding Co of America Loan/Finance/Refinanced AeroTurbine
A320-200 V2500 Dec-12 3 Air New Zealand Tax Lease The Bank of Mitsubishi Tokyo The Bank of Mitsubishi Tokyo| Australia & New Zealand Banking Group
A320-200 CFM56 Dec-12 1 China Eastern Airlines Loan/Finance/Refinanced Bank of China
A320-200 CFM56 Dec-12 2 DAE Capital Loan/Finance/Refinanced DVB Bank| PK AirFinance
A320-200 V2500 Dec-12 5 DAE Capital Loan/Finance/Refinanced DVB Bank| PK AirFinance
A320-200 CFM56 Dec-12 3 GECAS Capital Markets
A320-200 V2500 Dec-12 7 GECAS Capital Markets
A320-200 CFM56 Dec-12 1 Hainan Airlines Finance Lease China Development Bank
A320-200 V2500 Dec-12 1 Hong Kong Aviation Capital Loan/Finance/Refinanced Industrial and Commercial Bank of China (ICBC)
A320-200 V2500 Dec-12 1 JetBlue Airways Loan/Finance/Refinanced DVB Bank
A320-200 V2500 Dec-12 2 Shenzhen Airlines Loan/Finance/Refinanced Bank of Communications
A320-200neo PW1000G Aug-12 72 GoAir Pre Delivery Payment United Technologies
A321-100 V2500 Apr-12 2 ILFC Capital Markets
A321-100 CFM56 Aug-12 1 Purchase Asian Wings Airways Alitalia
A321-100 CFM56 Dec-12 5 Operating Lease - Sale and Lease Back Century Tokyo Leasing Air France
A321-200 V2500 Jan-12 2 Operating Lease - Sale and Lease Back Jackson Square Aviation Monarch Airlines
A321-200 CFM56 Jan-12 2 ILFC Capital Markets
A321-200 V2500 Jan-12 1 ILFC Capital Markets
A321-200 V2500 Jan-12 2 Jackson Square Aviation Loan/Finance/Refinanced NordLB| Unicredit
A321-200 CFM56 Jan-12 1 Saudi Arabian Airlines Loan/Finance/Refinanced Saudi Arabian Monetary Agency
A321-200 V2500 Feb-12 6 Air China Tax Lease| ECA / EXIM Natixis| KfW IPEX-Bank BPCE| Siemens Bank| KfW IPEX-Bank
A321-200 V2500 Feb-12 1 AWAS ECA / EXIM| Tax Lease KfW IPEX-Bank
A321-200 V2500 Feb-12 2 Turkish Airlines Tax Lease Standard Chartered Bank| BBAM Standard Chartered Bank Nomura Babcock & Brown
A321-200 V2500 Feb-12 2 Turkish Airlines Tax Lease| ECA / EXIM CIC Bank ING Bank| NordLB BNP Paribas
A321-200 V2500 Mar-12 2 Turkish Airlines Tax Lease ING Bank ING Bank BNP Paribas
A321-200 CFM56 Apr-12 1 BOC Aviation Loan/Finance/Refinanced DVB Bank
A321-200 CFM56 Apr-12 2 ILFC Capital Markets
A321-200 V2500 Apr-12 1 ILFC Capital Markets
A321-200 CFM56 Apr-12 4 US Airways Capital Markets
A321-200 V2500 Apr-12 10 US Airways Capital Markets
A321-200 V2500 Apr-12 2 US Airways Finance Lease DVB Bank| Goldman Sachs & Co
A321-200 V2500 Jun-12 1 CIT Aerospace ECA / EXIM Undisclosed Bank / Broker / Lessor
A321-200 V2500 Jun-12 4 Vietnam Airlines Loan/Finance/Refinanced Vietnam Export Import Bank
A321-200 V2500 Jun-12 1 Volito Aviation Services Loan/Finance/Refinanced GE Japan
A321-200 CFM56 Jul-12 2 Purchase - Lease Attached Apollo Aviation Group A321 Partners
A321-200 V2500 Jul-12 2 Operating Lease - Sale and Lease Back Pembroke Group Gulf Air
A321-200 V2500 Jul-12 1 Avolon Aerospace Leasing Loan/Finance/Refinanced Natixis
A321-200 V2500 Jul-12 2 Gulf Air Finance Lease Gulf International Bank
A321-200 V2500 Aug-12 1 Sichuan Airlines ECA / EXIM China Exim Bank
A321-200 V2500 Aug-12 3 Sichuan Airlines Loan/Finance/Refinanced China Development Bank
A321-200 V2500 Aug-12 1 US Airways Loan/Finance/Refinanced Undisclosed Bank / Broker / Lessor
A321-200 V2500 Aug-12 2 Vietnam Airlines Loan/Finance/Refinanced Citibank| Development Bank of Japan
A321-200 V2500 Aug-12 2 Vietnam Airlines Loan/Finance/Refinanced Cathay United Bank
A321-200 V2500 Sep-12 2 Purchase Trade Bank of Iraq Alphastream
A321-200 V2500 Sep-12 1 Avolon Aerospace Leasing Loan/Finance/Refinanced Deutsche Bank | UBS| Credit Agricole Corporate and Investment Bank| BNP Paribas| KfW IPEX-Bank
A321-200 CFM56 Oct-12 20 UTair Pre Delivery Payment VEB-Leasing
A321-200 V2500 Nov-12 1 Purchase - Lease Attached Pembroke Group SMBC Aviation Capital
A321-200 V2500 Nov-12 2 Air Astana ECA / EXIM Royal Bank of Scotland
A321-200 V2500 Nov-12 1 China Southern Airlines Tax Lease BBAM Nomura Babcock & Brown
62 | Flightglobal Insight | AircrAft finAnce 2013 AircrAft finAnce 2013 |Flightglobal Insight | 63
AircrAft finAnce 2013
aircrafT finance deals announced in 2012
aircraft model engine type Month Number of aircraft
customer Deal structure arrangers Debt provider equity providers buyer Seller
A320-200 CFM56 Dec-12 1 Purchase African Holding Co of America AeroTurbine
A320-200 CFM56 Dec-12 9 Purchase Allegiant Air Undisclosed Bank / Broker / Lessor
A320-200 CFM56 Dec-12 1 Purchase Av-Air All Nippon Airways
A320-200 CFM56 Dec-12 1 Purchase Infinity Trading & Solutions Aircastle Advisor
A320-200 CFM56 Dec-12 2 Purchase - Lease Attached Pembroke Group SMBC Aviation Capital
A320-200 V2500 Dec-12 3 Operating Lease - Sale and Lease Back MC Aviation Partners/Mitsubishi Corporation Wizz Air
A320-200 V2500 Dec-12 1 Purchase Aerotron ACST 2006-1 ABS Portfolio
A320-200 V2500 Dec-12 5 Purchase - Lease Attached Pembroke Group SMBC Aviation Capital
A320-200 CFM56 Dec-12 1 African Holding Co of America Loan/Finance/Refinanced AeroTurbine
A320-200 V2500 Dec-12 3 Air New Zealand Tax Lease The Bank of Mitsubishi Tokyo The Bank of Mitsubishi Tokyo| Australia & New Zealand Banking Group
A320-200 CFM56 Dec-12 1 China Eastern Airlines Loan/Finance/Refinanced Bank of China
A320-200 CFM56 Dec-12 2 DAE Capital Loan/Finance/Refinanced DVB Bank| PK AirFinance
A320-200 V2500 Dec-12 5 DAE Capital Loan/Finance/Refinanced DVB Bank| PK AirFinance
A320-200 CFM56 Dec-12 3 GECAS Capital Markets
A320-200 V2500 Dec-12 7 GECAS Capital Markets
A320-200 CFM56 Dec-12 1 Hainan Airlines Finance Lease China Development Bank
A320-200 V2500 Dec-12 1 Hong Kong Aviation Capital Loan/Finance/Refinanced Industrial and Commercial Bank of China (ICBC)
A320-200 V2500 Dec-12 1 JetBlue Airways Loan/Finance/Refinanced DVB Bank
A320-200 V2500 Dec-12 2 Shenzhen Airlines Loan/Finance/Refinanced Bank of Communications
A320-200neo PW1000G Aug-12 72 GoAir Pre Delivery Payment United Technologies
A321-100 V2500 Apr-12 2 ILFC Capital Markets
A321-100 CFM56 Aug-12 1 Purchase Asian Wings Airways Alitalia
A321-100 CFM56 Dec-12 5 Operating Lease - Sale and Lease Back Century Tokyo Leasing Air France
A321-200 V2500 Jan-12 2 Operating Lease - Sale and Lease Back Jackson Square Aviation Monarch Airlines
A321-200 CFM56 Jan-12 2 ILFC Capital Markets
A321-200 V2500 Jan-12 1 ILFC Capital Markets
A321-200 V2500 Jan-12 2 Jackson Square Aviation Loan/Finance/Refinanced NordLB| Unicredit
A321-200 CFM56 Jan-12 1 Saudi Arabian Airlines Loan/Finance/Refinanced Saudi Arabian Monetary Agency
A321-200 V2500 Feb-12 6 Air China Tax Lease| ECA / EXIM Natixis| KfW IPEX-Bank BPCE| Siemens Bank| KfW IPEX-Bank
A321-200 V2500 Feb-12 1 AWAS ECA / EXIM| Tax Lease KfW IPEX-Bank
A321-200 V2500 Feb-12 2 Turkish Airlines Tax Lease Standard Chartered Bank| BBAM Standard Chartered Bank Nomura Babcock & Brown
A321-200 V2500 Feb-12 2 Turkish Airlines Tax Lease| ECA / EXIM CIC Bank ING Bank| NordLB BNP Paribas
A321-200 V2500 Mar-12 2 Turkish Airlines Tax Lease ING Bank ING Bank BNP Paribas
A321-200 CFM56 Apr-12 1 BOC Aviation Loan/Finance/Refinanced DVB Bank
A321-200 CFM56 Apr-12 2 ILFC Capital Markets
A321-200 V2500 Apr-12 1 ILFC Capital Markets
A321-200 CFM56 Apr-12 4 US Airways Capital Markets
A321-200 V2500 Apr-12 10 US Airways Capital Markets
A321-200 V2500 Apr-12 2 US Airways Finance Lease DVB Bank| Goldman Sachs & Co
A321-200 V2500 Jun-12 1 CIT Aerospace ECA / EXIM Undisclosed Bank / Broker / Lessor
A321-200 V2500 Jun-12 4 Vietnam Airlines Loan/Finance/Refinanced Vietnam Export Import Bank
A321-200 V2500 Jun-12 1 Volito Aviation Services Loan/Finance/Refinanced GE Japan
A321-200 CFM56 Jul-12 2 Purchase - Lease Attached Apollo Aviation Group A321 Partners
A321-200 V2500 Jul-12 2 Operating Lease - Sale and Lease Back Pembroke Group Gulf Air
A321-200 V2500 Jul-12 1 Avolon Aerospace Leasing Loan/Finance/Refinanced Natixis
A321-200 V2500 Jul-12 2 Gulf Air Finance Lease Gulf International Bank
A321-200 V2500 Aug-12 1 Sichuan Airlines ECA / EXIM China Exim Bank
A321-200 V2500 Aug-12 3 Sichuan Airlines Loan/Finance/Refinanced China Development Bank
A321-200 V2500 Aug-12 1 US Airways Loan/Finance/Refinanced Undisclosed Bank / Broker / Lessor
A321-200 V2500 Aug-12 2 Vietnam Airlines Loan/Finance/Refinanced Citibank| Development Bank of Japan
A321-200 V2500 Aug-12 2 Vietnam Airlines Loan/Finance/Refinanced Cathay United Bank
A321-200 V2500 Sep-12 2 Purchase Trade Bank of Iraq Alphastream
A321-200 V2500 Sep-12 1 Avolon Aerospace Leasing Loan/Finance/Refinanced Deutsche Bank | UBS| Credit Agricole Corporate and Investment Bank| BNP Paribas| KfW IPEX-Bank
A321-200 CFM56 Oct-12 20 UTair Pre Delivery Payment VEB-Leasing
A321-200 V2500 Nov-12 1 Purchase - Lease Attached Pembroke Group SMBC Aviation Capital
A321-200 V2500 Nov-12 2 Air Astana ECA / EXIM Royal Bank of Scotland
A321-200 V2500 Nov-12 1 China Southern Airlines Tax Lease BBAM Nomura Babcock & Brown
AircrAft finAnce 2013
64 | Flightglobal Insight | AircrAft finAnce 2013 AircrAft finAnce 2013 |Flightglobal Insight | 65
aircrafT finance deals announced in 2012
aircraft model engine type Month Number of aircraft
customer Deal structure arrangers Debt provider equity providers buyer Seller
A321-200 V2500 Nov-12 7 US Airways Capital Markets
A321-200 V2500 Nov-12 1 Vietnam Airlines Loan/Finance/Refinanced Vietnam International Bank
A321-200 CFM56 Dec-12 1 Purchase Plane Business Leasing BBAM
A321-200 V2500 Dec-12 2 Operating Lease - Sale and Lease Back Archway Aviation Monarch Airlines
A321-200 V2500 Dec-12 1 Purchase - Lease Attached GECAS Guggenheim Aviation Partners
A321-200 V2500 Dec-12 1 Purchase - Lease Attached Pembroke Group SMBC Aviation Capital
A321-200 V2500 Dec-12 2 Archway Aviation Loan/Finance/Refinanced Macquarie Bank
A321-200 V2500 Dec-12 1 China Eastern Airlines Loan/Finance/Refinanced China Construction Bank
A321-200 V2500 Dec-12 2 China Eastern Airlines Loan/Finance/Refinanced Industrial and Commercial Bank of China (ICBC)
A321-200 V2500 Dec-12 1 Vietnam Airlines ECA / EXIM Helaba Landesbank Hessen Thuringen| KfW IPEX-Bank| Sumitomo Mitsui Banking (SMBC)
A321-200 V2500 Dec-12 1 Vietnam Airlines Loan/Finance/Refinanced Cathay United Bank Hua Nan Bank| Shin Kong Bank| Taichung Commercial Bank| Union Bank of Taiwan| Shanghai Commercial and Savings Bank| Cathay United Bank
A330-200 PW4000 Jan-12 2 Purchase Brussels Airlines Swiss
A330-200 Trent Jan-12 2 Operating Lease - Sale and Lease Back BoCom Leasing Air China
A330-200 Trent Jan-12 2 Operating Lease - Sale and Lease Back China Aircraft Leasing Air China
A330-200 Trent Jan-12 1 Air China Loan/Finance/Refinanced| Tax Lease Credit Agricole Corporate and Investment Bank
A330-200 Trent Jan-12 1 ILFC Capital Markets
A330-200 Trent Feb-12 1 Avolon Aerospace Leasing ECA / EXIM Deutsche Pfandbriefbank
A330-200 PW4000 Feb-12 2 China Southern Airlines ECA / EXIM| Tax Lease Credit Agricole Corporate and Investment Bank| KfW IPEX-Bank
A330-200 Trent Apr-12 1 Aircastle Advisor ECA / EXIM The Bank of Mitsubishi Tokyo The Bank of Mitsubishi Tokyo
A330-200 CF6 Apr-12 1 ILFC Capital Markets
A330-200 PW4000 Apr-12 1 ILFC Capital Markets
A330-200 Trent Apr-12 2 ILFC Capital Markets
A330-200 CF6 May-12 1 Purchase - Lease Attached Airbus Asset Management Aircraft Purchase Fleet
A330-200 CF6 May-12 1 Purchase - Lease Attached GECAS Aircraft Purchase Fleet
A330-200 Trent May-12 2 Operating Lease - Sale and Lease Back Guggenheim Aviation Partners Monarch Airlines
A330-200 Trent May-12 1 Hong Kong Aviation Capital Loan/Finance/Refinanced China Development Bank
A330-200 CF6 Jun-12 1 CIT Aerospace ECA / EXIM Undisclosed Bank / Broker / Lessor
A330-200 Trent Jul-12 1 South African Airways Loan/Finance/Refinanced Royal Bank of Scotland
A330-200 PW4000 Aug-12 1 Operating Lease - Sale and Lease Back BoCom Leasing China Southern Airlines
A330-200 Trent Sep-12 1 Operating Lease - Sale and Lease Back Avolon Aerospace Leasing Avianca
A330-200 Trent Sep-12 1 Purchase - Lease Attached ORIX Aviation CIT Aerospace
A330-200 TBC Sep-12 1 CDB Leasing Loan/Finance/Refinanced DVB Bank
A330-200 Trent Sep-12 2 Guggenheim Aviation Partners Loan/Finance/Refinanced DVB Bank
A330-200 Trent Sep-12 1 Intrepid Aviation Group Pre Delivery Payment Rand Merchant Bank
A330-200 Trent Sep-12 1 Orix Loan/Finance/Refinanced
A330-200 CF6 Oct-12 1 Purchase - Lease Attached AWAS CIT Aerospace
A330-200 Trent Oct-12 1 Purchase TPG Capital ALAFCO & Novus Aviation
A330-200 CF6 Oct-12 1 AWAS Loan/Finance/Refinanced Credit Agricole Corporate and Investment Bank| Deutsche Bank | CIC Bank| NTT Finance Credit Agricole Corporate and Investment Bank| Deutsche Bank | CIC Bank| NTT Finance
A330-200 Trent Oct-12 1 Hawaiian Airlines Loan/Finance/Refinanced Undisclosed Bank / Broker / Lessor
A330-200 Trent Nov-12 1 Purchase - Lease Attached ICBC Leasing BOC Aviation
A330-200 Trent Nov-12 6 Synergy Aerospace Pre Delivery Payment Natixis
A330-200 Trent Nov-12 3 US Airways Capital Markets
A330-200 Trent Dec-12 1 Purchase Undisclosed Bank / Broker / Lessor Emirates Airline
A330-200 Trent Dec-12 2 China Eastern Airlines Loan/Finance/Refinanced Bank of China
A330-200 Trent Dec-12 1 Guggenheim Aviation Partners Loan/Finance/Refinanced Landesbank Hessen Thuringen Gironzentrale
A330-200 Trent Dec-12 1 Hawaiian Airlines Loan/Finance/Refinanced DVB Bank CIC Bank
A330-200 Trent Dec-12 2 Thomas Cook Airlines Loan/Finance/Refinanced DVB Bank
A330-200F PW4000 Jan-12 1 Malaysia Airlines Finance Lease DVB Bank
A330-200F Trent Jan-12 1 Turkish Airlines ECA / EXIM| Tax Lease BayernLB| DekaBank| Deutsche Pfandbriefbank| Natixis BayernLB| DekaBank| Deutsche Pfandbriefbank
A330-200F Trent Jun-12 1 BOC Aviation ECA / EXIM Natixis| Royal Bank of Scotland
A330-200F Trent Nov-12 1 Avianca ECA / EXIM Citibank
A330-200F Trent Nov-12 3 Synergy Aerospace Pre Delivery Payment Natixis
A330-300 Trent Jan-12 4 Operating Lease - Sale and Lease Back ICBC Leasing Air China
A330-300 PW4000 Jan-12 2 ILFC Capital Markets
A330-300 Trent Jan-12 4 ILFC Capital Markets
A330-300 Trent Jan-12 3 Turkish Airlines ECA / EXIM| Tax Lease BayernLB| DekaBank| Deutsche Pfandbriefbank| Natixis BayernLB| DekaBank| Deutsche Pfandbriefbank
A330-300 Trent Feb-12 1 Purchase - Lease Attached Avolon Aerospace Leasing AerCap
64 | Flightglobal Insight | AircrAft finAnce 2013 AircrAft finAnce 2013 |Flightglobal Insight | 65
AircrAft finAnce 2013
aircrafT finance deals announced in 2012
aircraft model engine type Month Number of aircraft
customer Deal structure arrangers Debt provider equity providers buyer Seller
A321-200 V2500 Nov-12 7 US Airways Capital Markets
A321-200 V2500 Nov-12 1 Vietnam Airlines Loan/Finance/Refinanced Vietnam International Bank
A321-200 CFM56 Dec-12 1 Purchase Plane Business Leasing BBAM
A321-200 V2500 Dec-12 2 Operating Lease - Sale and Lease Back Archway Aviation Monarch Airlines
A321-200 V2500 Dec-12 1 Purchase - Lease Attached GECAS Guggenheim Aviation Partners
A321-200 V2500 Dec-12 1 Purchase - Lease Attached Pembroke Group SMBC Aviation Capital
A321-200 V2500 Dec-12 2 Archway Aviation Loan/Finance/Refinanced Macquarie Bank
A321-200 V2500 Dec-12 1 China Eastern Airlines Loan/Finance/Refinanced China Construction Bank
A321-200 V2500 Dec-12 2 China Eastern Airlines Loan/Finance/Refinanced Industrial and Commercial Bank of China (ICBC)
A321-200 V2500 Dec-12 1 Vietnam Airlines ECA / EXIM Helaba Landesbank Hessen Thuringen| KfW IPEX-Bank| Sumitomo Mitsui Banking (SMBC)
A321-200 V2500 Dec-12 1 Vietnam Airlines Loan/Finance/Refinanced Cathay United Bank Hua Nan Bank| Shin Kong Bank| Taichung Commercial Bank| Union Bank of Taiwan| Shanghai Commercial and Savings Bank| Cathay United Bank
A330-200 PW4000 Jan-12 2 Purchase Brussels Airlines Swiss
A330-200 Trent Jan-12 2 Operating Lease - Sale and Lease Back BoCom Leasing Air China
A330-200 Trent Jan-12 2 Operating Lease - Sale and Lease Back China Aircraft Leasing Air China
A330-200 Trent Jan-12 1 Air China Loan/Finance/Refinanced| Tax Lease Credit Agricole Corporate and Investment Bank
A330-200 Trent Jan-12 1 ILFC Capital Markets
A330-200 Trent Feb-12 1 Avolon Aerospace Leasing ECA / EXIM Deutsche Pfandbriefbank
A330-200 PW4000 Feb-12 2 China Southern Airlines ECA / EXIM| Tax Lease Credit Agricole Corporate and Investment Bank| KfW IPEX-Bank
A330-200 Trent Apr-12 1 Aircastle Advisor ECA / EXIM The Bank of Mitsubishi Tokyo The Bank of Mitsubishi Tokyo
A330-200 CF6 Apr-12 1 ILFC Capital Markets
A330-200 PW4000 Apr-12 1 ILFC Capital Markets
A330-200 Trent Apr-12 2 ILFC Capital Markets
A330-200 CF6 May-12 1 Purchase - Lease Attached Airbus Asset Management Aircraft Purchase Fleet
A330-200 CF6 May-12 1 Purchase - Lease Attached GECAS Aircraft Purchase Fleet
A330-200 Trent May-12 2 Operating Lease - Sale and Lease Back Guggenheim Aviation Partners Monarch Airlines
A330-200 Trent May-12 1 Hong Kong Aviation Capital Loan/Finance/Refinanced China Development Bank
A330-200 CF6 Jun-12 1 CIT Aerospace ECA / EXIM Undisclosed Bank / Broker / Lessor
A330-200 Trent Jul-12 1 South African Airways Loan/Finance/Refinanced Royal Bank of Scotland
A330-200 PW4000 Aug-12 1 Operating Lease - Sale and Lease Back BoCom Leasing China Southern Airlines
A330-200 Trent Sep-12 1 Operating Lease - Sale and Lease Back Avolon Aerospace Leasing Avianca
A330-200 Trent Sep-12 1 Purchase - Lease Attached ORIX Aviation CIT Aerospace
A330-200 TBC Sep-12 1 CDB Leasing Loan/Finance/Refinanced DVB Bank
A330-200 Trent Sep-12 2 Guggenheim Aviation Partners Loan/Finance/Refinanced DVB Bank
A330-200 Trent Sep-12 1 Intrepid Aviation Group Pre Delivery Payment Rand Merchant Bank
A330-200 Trent Sep-12 1 Orix Loan/Finance/Refinanced
A330-200 CF6 Oct-12 1 Purchase - Lease Attached AWAS CIT Aerospace
A330-200 Trent Oct-12 1 Purchase TPG Capital ALAFCO & Novus Aviation
A330-200 CF6 Oct-12 1 AWAS Loan/Finance/Refinanced Credit Agricole Corporate and Investment Bank| Deutsche Bank | CIC Bank| NTT Finance Credit Agricole Corporate and Investment Bank| Deutsche Bank | CIC Bank| NTT Finance
A330-200 Trent Oct-12 1 Hawaiian Airlines Loan/Finance/Refinanced Undisclosed Bank / Broker / Lessor
A330-200 Trent Nov-12 1 Purchase - Lease Attached ICBC Leasing BOC Aviation
A330-200 Trent Nov-12 6 Synergy Aerospace Pre Delivery Payment Natixis
A330-200 Trent Nov-12 3 US Airways Capital Markets
A330-200 Trent Dec-12 1 Purchase Undisclosed Bank / Broker / Lessor Emirates Airline
A330-200 Trent Dec-12 2 China Eastern Airlines Loan/Finance/Refinanced Bank of China
A330-200 Trent Dec-12 1 Guggenheim Aviation Partners Loan/Finance/Refinanced Landesbank Hessen Thuringen Gironzentrale
A330-200 Trent Dec-12 1 Hawaiian Airlines Loan/Finance/Refinanced DVB Bank CIC Bank
A330-200 Trent Dec-12 2 Thomas Cook Airlines Loan/Finance/Refinanced DVB Bank
A330-200F PW4000 Jan-12 1 Malaysia Airlines Finance Lease DVB Bank
A330-200F Trent Jan-12 1 Turkish Airlines ECA / EXIM| Tax Lease BayernLB| DekaBank| Deutsche Pfandbriefbank| Natixis BayernLB| DekaBank| Deutsche Pfandbriefbank
A330-200F Trent Jun-12 1 BOC Aviation ECA / EXIM Natixis| Royal Bank of Scotland
A330-200F Trent Nov-12 1 Avianca ECA / EXIM Citibank
A330-200F Trent Nov-12 3 Synergy Aerospace Pre Delivery Payment Natixis
A330-300 Trent Jan-12 4 Operating Lease - Sale and Lease Back ICBC Leasing Air China
A330-300 PW4000 Jan-12 2 ILFC Capital Markets
A330-300 Trent Jan-12 4 ILFC Capital Markets
A330-300 Trent Jan-12 3 Turkish Airlines ECA / EXIM| Tax Lease BayernLB| DekaBank| Deutsche Pfandbriefbank| Natixis BayernLB| DekaBank| Deutsche Pfandbriefbank
A330-300 Trent Feb-12 1 Purchase - Lease Attached Avolon Aerospace Leasing AerCap
AircrAft finAnce 2013
66 | Flightglobal Insight | AircrAft finAnce 2013 AircrAft finAnce 2013 |Flightglobal Insight | 67
aircrafT finance deals announced in 2012
aircraft model engine type Month Number of aircraft
customer Deal structure arrangers Debt provider equity providers buyer Seller
A330-300 Trent Feb-12 2 Cathay Pacific Tax Lease Credit Agricole Corporate and Investment Bank
A330-300 Trent May-12 1 China Eastern Airlines Finance Lease WestLB
A330-300 Trent Jun-12 1 Purchase - Lease Attached CDB Leasing AerCap
A330-300 Trent Jul-12 4 Operating Lease - Sale and Lease Back AerCap Singapore Airlines
A330-300 Trent Jul-12 1 Operating Lease - Sale and Lease Back AerDragon Aviation Partners Singapore Airlines
A330-300 Trent Jul-12 2 Aeroflot Russian Airlines ECA / EXIM Royal Bank of Scotland Royal Bank of Scotland
A330-300 Trent Aug-12 1 Operating Lease - Sale and Lease Back CDB Leasing Virgin Atlantic Airways
A330-300 Trent Aug-12 3 Aeroflot Russian Airlines ECA / EXIM Citibank| JP Morgan Chase Bank| KfW IPEX-Bank| Royal Bank of Scotland
A330-300 Trent Sep-12 2 Cathay Pacific ECA / EXIM HSBC Bank
A330-300 Trent Sep-12 2 Intrepid Aviation Group Pre Delivery Payment Citibank
A330-300 Trent Sep-12 2 Thai Airways International Loan/Finance/Refinanced| Tax Lease Credit Agricole Corporate and Investment Bank| Helaba Landesbank Hessen Thuringen| Kasikornbank
A330-300 PW4000 Oct-12 3 Purchase Deucalion Aviation Funds Penerbangan Malaysia Berhad
A330-300 Trent Oct-12 1 AerCap ECA / EXIM BayernLB
A330-300 Trent Nov-12 1 Purchase - Lease Attached ICBC Leasing BOC Aviation
A330-300 Trent Nov-12 1 Cathay Pacific Loan/Finance/Refinanced Credit Agricole Corporate and Investment Bank Credit Agricole Corporate and Investment Bank| Lotte Capital Co.
A330-300 Trent Nov-12 2 Thai Airways International Tax Lease| Loan/Finance/Refinanced Natixis Natixis| Standard Chartered Bank| Commerzbank Natixis
A330-300 Trent Nov-12 1 TUI Aviation Loan/Finance/Refinanced KfW IPEX-Bank
A330-300 Trent Dec-12 1 Operating Lease - Sale and Lease Back MC Aviation Partners/Mitsubishi Corporation Corsair
A330-300 Trent Dec-12 3 SAS Loan/Finance/Refinanced SkyWorks Leasing Undisclosed Bank / Broker / Lessor
A330-300HGW PW4000 Jan-12 1 Operating Lease - Sale and Lease Back Novus Aviation Malaysia Airlines
A330-300HGW PW4000 Jan-12 1 Novus Aviation Loan/Finance/Refinanced NordLB First Energy Bank
A330-300HGW PW4000 May-12 2 Operating Lease - Sale and Lease Back MOF Malaysia Airlines
A330-300HGW PW4000 May-12 4 Malaysia Airlines ECA / EXIM HSBC Bank | Citibank| ANZ Bank| Standard Chartered Bank
A330 -300HGW PW4000 Jun-12 1 Purchase - Lease Attached Aircastle Advisor CIT Aerospace
A330-300HGW CF6 Jul-12 8 Operating Lease - Sale and Lease Back BOC Aviation Iberia
A330-300HGW PW4000 Nov-12 1 Guggenheim Aviation Partners Loan/Finance/Refinanced Undisclosed Bank / Broker / Lessor
A330-300HGW CF6 Dec-12 1 Purchase - Lease Attached CDB Leasing GECAS
A330 Series TBD Trent Jan-12 2 Operating Lease - Sale and Lease Back China Aircraft Leasing Air China
A340-200 CFM56 Jan-12 3 South African Airways Loan/Finance/Refinanced Grofin Africa Fund
A340-300 CFM56 Jan-12 5 ILFC Capital Markets
A340-300 CFM56 Mar-12 3 Purchase China Eastern Airlines ICBC Leasing
A340-300 CFM56 Apr-12 2 Purchase Airbus Asset Management China Eastern Airlines
A340-300 CFM56 Jul-12 3 Purchase Airbus Asset Management China Eastern Airlines
A340-300 CFM56 Jul-12 2 Purchase Undisclosed Bank / Broker / Lessor Lufthansa
A340-300 CFM56 Sep-12 1 Purchase GECAS Asset Management Services GMT Global Republic Aviation
A340-300 CFM56 Oct-12 1 Purchase Undisclosed Bank / Broker / Lessor Iberia
A340-500 Trent Oct-12 5 Purchase Airbus Asset Management Singapore Airlines
A340-500 Trent Nov-12 2 Purchase Azerbaijan Airlines A J Walter Aviation
A340-600 Trent Jan-12 1 ILFC Capital Markets
A340-600 Trent Aug-12 1 Purchase Avaio Virgin Atlantic Airways
A380-800 GP7200 Jan-12 1 Air France Loan/Finance/Refinanced NordLB NordLB
A380-800 GP7200 Jan-12 1 Emirates Airline Loan/Finance/Refinanced NordLB
A380-800 GP7200 Jan-12 1 Emirates Airline Tax Lease Dubai Islamic Bank| Al Hilal Bank| Ajman Bank
A380-800 TBC Feb-12 4 Operating Lease - Sale and Lease Back VEB-Leasing Transaero Airlines
A380-800 GP7200 Feb-12 1 Emirates Airline Finance Lease Doric Hansa Treuhand Ship Beteiligungs & Co. KG
A380-800 Trent Mar-12 1 Lufthansa JOL The Bank of Mitsubishi Tokyo The Bank of Mitsubishi Tokyo |Sumitomo Mitsui Banking (SMBC)
A380-800 GP7200 Apr-12 1 Air France ECA / EXIM| Tax Lease Credit Agricole Corporate and Investment Bank| Sumitomo Mitsui Banking (SMBC) Fuyo General Lease Company
A380-800 GP7200 Apr-12 1 Air France Tax Lease| ECA / EXIM Credit Agricole Corporate and Investment Bank| DekaBank| Helaba Landesbank Hessen Thuringen
A380-800 Trent Apr-12 1 Thai Airways International ECA / EXIM BNP Paribas Sumitomo Mitsui Trust Bank
A380-800 Trent Apr-12 2 Thai Airways International ECA / EXIM Citibank| BayernLB| Natixis Citibank
A380-800 Trent May-12 6 Operating Lease - Sale and Lease Back MOF Malaysia Airlines
A380-800 Trent May-12 2 Lufthansa ECA / EXIM Helaba Landesbank Hessen Thuringen
A380-800 GP7200 Jun-12 4 Emirates Airline Capital Markets
A380-800 Trent Oct-12 1 Operating Lease - Sale and Lease Back WealthCap Singapore Airlines
A380-800 Trent Oct-12 1 WealthCap Loan/Finance/Refinanced EastMerchant Capital| Australia & New Zealand Banking Group
A380-800 Trent Nov-12 1 Thai Airways International ECA / EXIM Societe Generale
A380-800 GP7200 Dec-12 1 Emirates Airline Finance Lease Hannover Leasing & Co. | Helaba Landesbank Hessen Thuringen
66 | Flightglobal Insight | AircrAft finAnce 2013 AircrAft finAnce 2013 |Flightglobal Insight | 67
AircrAft finAnce 2013
aircrafT finance deals announced in 2012
aircraft model engine type Month Number of aircraft
customer Deal structure arrangers Debt provider equity providers buyer Seller
A330-300 Trent Feb-12 2 Cathay Pacific Tax Lease Credit Agricole Corporate and Investment Bank
A330-300 Trent May-12 1 China Eastern Airlines Finance Lease WestLB
A330-300 Trent Jun-12 1 Purchase - Lease Attached CDB Leasing AerCap
A330-300 Trent Jul-12 4 Operating Lease - Sale and Lease Back AerCap Singapore Airlines
A330-300 Trent Jul-12 1 Operating Lease - Sale and Lease Back AerDragon Aviation Partners Singapore Airlines
A330-300 Trent Jul-12 2 Aeroflot Russian Airlines ECA / EXIM Royal Bank of Scotland Royal Bank of Scotland
A330-300 Trent Aug-12 1 Operating Lease - Sale and Lease Back CDB Leasing Virgin Atlantic Airways
A330-300 Trent Aug-12 3 Aeroflot Russian Airlines ECA / EXIM Citibank| JP Morgan Chase Bank| KfW IPEX-Bank| Royal Bank of Scotland
A330-300 Trent Sep-12 2 Cathay Pacific ECA / EXIM HSBC Bank
A330-300 Trent Sep-12 2 Intrepid Aviation Group Pre Delivery Payment Citibank
A330-300 Trent Sep-12 2 Thai Airways International Loan/Finance/Refinanced| Tax Lease Credit Agricole Corporate and Investment Bank| Helaba Landesbank Hessen Thuringen| Kasikornbank
A330-300 PW4000 Oct-12 3 Purchase Deucalion Aviation Funds Penerbangan Malaysia Berhad
A330-300 Trent Oct-12 1 AerCap ECA / EXIM BayernLB
A330-300 Trent Nov-12 1 Purchase - Lease Attached ICBC Leasing BOC Aviation
A330-300 Trent Nov-12 1 Cathay Pacific Loan/Finance/Refinanced Credit Agricole Corporate and Investment Bank Credit Agricole Corporate and Investment Bank| Lotte Capital Co.
A330-300 Trent Nov-12 2 Thai Airways International Tax Lease| Loan/Finance/Refinanced Natixis Natixis| Standard Chartered Bank| Commerzbank Natixis
A330-300 Trent Nov-12 1 TUI Aviation Loan/Finance/Refinanced KfW IPEX-Bank
A330-300 Trent Dec-12 1 Operating Lease - Sale and Lease Back MC Aviation Partners/Mitsubishi Corporation Corsair
A330-300 Trent Dec-12 3 SAS Loan/Finance/Refinanced SkyWorks Leasing Undisclosed Bank / Broker / Lessor
A330-300HGW PW4000 Jan-12 1 Operating Lease - Sale and Lease Back Novus Aviation Malaysia Airlines
A330-300HGW PW4000 Jan-12 1 Novus Aviation Loan/Finance/Refinanced NordLB First Energy Bank
A330-300HGW PW4000 May-12 2 Operating Lease - Sale and Lease Back MOF Malaysia Airlines
A330-300HGW PW4000 May-12 4 Malaysia Airlines ECA / EXIM HSBC Bank | Citibank| ANZ Bank| Standard Chartered Bank
A330 -300HGW PW4000 Jun-12 1 Purchase - Lease Attached Aircastle Advisor CIT Aerospace
A330-300HGW CF6 Jul-12 8 Operating Lease - Sale and Lease Back BOC Aviation Iberia
A330-300HGW PW4000 Nov-12 1 Guggenheim Aviation Partners Loan/Finance/Refinanced Undisclosed Bank / Broker / Lessor
A330-300HGW CF6 Dec-12 1 Purchase - Lease Attached CDB Leasing GECAS
A330 Series TBD Trent Jan-12 2 Operating Lease - Sale and Lease Back China Aircraft Leasing Air China
A340-200 CFM56 Jan-12 3 South African Airways Loan/Finance/Refinanced Grofin Africa Fund
A340-300 CFM56 Jan-12 5 ILFC Capital Markets
A340-300 CFM56 Mar-12 3 Purchase China Eastern Airlines ICBC Leasing
A340-300 CFM56 Apr-12 2 Purchase Airbus Asset Management China Eastern Airlines
A340-300 CFM56 Jul-12 3 Purchase Airbus Asset Management China Eastern Airlines
A340-300 CFM56 Jul-12 2 Purchase Undisclosed Bank / Broker / Lessor Lufthansa
A340-300 CFM56 Sep-12 1 Purchase GECAS Asset Management Services GMT Global Republic Aviation
A340-300 CFM56 Oct-12 1 Purchase Undisclosed Bank / Broker / Lessor Iberia
A340-500 Trent Oct-12 5 Purchase Airbus Asset Management Singapore Airlines
A340-500 Trent Nov-12 2 Purchase Azerbaijan Airlines A J Walter Aviation
A340-600 Trent Jan-12 1 ILFC Capital Markets
A340-600 Trent Aug-12 1 Purchase Avaio Virgin Atlantic Airways
A380-800 GP7200 Jan-12 1 Air France Loan/Finance/Refinanced NordLB NordLB
A380-800 GP7200 Jan-12 1 Emirates Airline Loan/Finance/Refinanced NordLB
A380-800 GP7200 Jan-12 1 Emirates Airline Tax Lease Dubai Islamic Bank| Al Hilal Bank| Ajman Bank
A380-800 TBC Feb-12 4 Operating Lease - Sale and Lease Back VEB-Leasing Transaero Airlines
A380-800 GP7200 Feb-12 1 Emirates Airline Finance Lease Doric Hansa Treuhand Ship Beteiligungs & Co. KG
A380-800 Trent Mar-12 1 Lufthansa JOL The Bank of Mitsubishi Tokyo The Bank of Mitsubishi Tokyo |Sumitomo Mitsui Banking (SMBC)
A380-800 GP7200 Apr-12 1 Air France ECA / EXIM| Tax Lease Credit Agricole Corporate and Investment Bank| Sumitomo Mitsui Banking (SMBC) Fuyo General Lease Company
A380-800 GP7200 Apr-12 1 Air France Tax Lease| ECA / EXIM Credit Agricole Corporate and Investment Bank| DekaBank| Helaba Landesbank Hessen Thuringen
A380-800 Trent Apr-12 1 Thai Airways International ECA / EXIM BNP Paribas Sumitomo Mitsui Trust Bank
A380-800 Trent Apr-12 2 Thai Airways International ECA / EXIM Citibank| BayernLB| Natixis Citibank
A380-800 Trent May-12 6 Operating Lease - Sale and Lease Back MOF Malaysia Airlines
A380-800 Trent May-12 2 Lufthansa ECA / EXIM Helaba Landesbank Hessen Thuringen
A380-800 GP7200 Jun-12 4 Emirates Airline Capital Markets
A380-800 Trent Oct-12 1 Operating Lease - Sale and Lease Back WealthCap Singapore Airlines
A380-800 Trent Oct-12 1 WealthCap Loan/Finance/Refinanced EastMerchant Capital| Australia & New Zealand Banking Group
A380-800 Trent Nov-12 1 Thai Airways International ECA / EXIM Societe Generale
A380-800 GP7200 Dec-12 1 Emirates Airline Finance Lease Hannover Leasing & Co. | Helaba Landesbank Hessen Thuringen
AircrAft finAnce 2013
68 | Flightglobal Insight | AircrAft finAnce 2013 AircrAft finAnce 2013 |Flightglobal Insight | 69
aircrafT finance deals announced in 2012
aircraft model engine type Month Number of aircraft
customer Deal structure arrangers Debt provider equity providers buyer Seller
A380-800 GP7200 Dec-12 1 Emirates Airline ECA / EXIM KfW IPEX-Bank| Sumitomo Mitsui Banking (SMBC)
A380-800 GP7200 Dec-12 1 Korean Air ECA / EXIM Sumitomo Mitsui Banking (SMBC)| Sumitomo Mitsui Trust Bank| Development Bank of Japan
ATR 42-300 PW100 Feb-12 1 Solenta Aviation Loan/Finance/Refinanced Investec Bank
ATR 42-300 PW100 Mar-12 1 Purchase MAP Linhas Aereas TRIP
ATR 42-300 PW100 Mar-12 1 Purchase Pascan Aviation BKM Luftfahrt
ATR 42-300 PW100 May-12 1 Purchase Calm Air Willis Lease Finance Corporation
ATR 42-300 PW100 Jun-12 1 Purchase West Wind Aviation Fly540
ATR 42-300 PW100 Jul-12 1 Purchase Atlantique Air Assistance Sodelem SA & Oseo Financement
ATR 42-300 PW100 Jul-12 1 Purchase Blue Islands Atlantique Air Assistance
ATR 42-300 PW100 Sep-12 1 Purchase Magellan Group Antrak Air
ATR 42-300 PW100 Oct-12 5 Purchase - Lease Attached ACIA Aero ATR Asset Management
ATR 42-300 PW100 Oct-12 2 Purchase - Lease Attached ACIA Aero Merinos Leasing
ATR 42-300 PW100 Nov-12 1 Purchase Tropical Air Precision Air
ATR 42-300 PW100 Dec-12 1 Purchase Calm Air BKM Luftfahrt
ATR 42-500 PW100 Jan-12 1 Purchase Taimyr Air - NordStar Flybe Nordic
ATR 42-500 PW100 Oct-12 2 Purchase Airline Contract Maintenance and Equipment ASL Aviation Group
ATR 42-500 PW100 Oct-12 1 Purchase Hawaiian Airlines Airline Contract Maintenance and Equipment
ATR 42-500 PW100 Nov-12 2 Purchase Nordic Aviation Capital Azerbaijan Airlines
ATR 42-500 PW100 Dec-12 1 Purchase Island Transvoyager Nordic Aviation Capital
ATR 42-600 PW100 Jun-12 2 Air Tahiti Tax Lease Credit Agricole Corporate and Investment Bank
ATR 42-600 PW100 Dec-12 1 Precision Air Finance Lease Antelope Leasing
ATR 72-200 PW100 Mar-12 1 Purchase Vip Wings Airlinair
ATR 72-200 PW100 Apr-12 1 Purchase Imetame Metalmechanica ATR Asset Management
ATR 72-200 PW100 May-12 3 Purchase Magellan Group Nordic Aviation Capital
ATR 72-200 PW100 Jun-12 1 Purchase - Lease Attached ACIA Aero ATR
ATR 72-200 PW100 Aug-12 1 Purchase DAT - Danish Air Transport Cimber Air-Leasing
ATR 72-200 PW100 Oct-12 3 Purchase Overland Airways ATR Asset Management
ATR 72-200 PW100 Nov-12 1 Purchase Solenta Aviation ATR Asset Management
ATR 72-500 PW100 Apr-12 1 Purchase Airlinair Air Vendee Investissements
ATR 72-500 PW100 Apr-12 1 Airlinair Finance Lease Natixis Lease
ATR 72-500 PW100 Jun-12 1 Purchase ATR Air Nostrum
ATR 72-500 PW100 Jun-12 1 Purchase ATR Santander Central Hispano Lease
ATR 72-500 PW100 Jul-12 1 Buddha Air Loan/Finance/Refinanced International Finance
ATR 72-500 PW100 Aug-12 1 Purchase ATR Air Nostrum
ATR 72-500 PW100 Aug-12 1 Purchase Passaredo Transportes Aereos ATR
ATR 72-500 PW100 Oct-12 1 Purchase ATR Air Nostrum
ATR 72-500 PW100 Nov-12 2 Purchase Nordic Aviation Capital Azerbaijan Airlines
ATR 72-500 PW100 Dec-12 1 Purchase Passaredo Transportes Aereos ATR
ATR 72-500 PW100 Dec-12 2 Lion Air Loan/Finance/Refinanced Transportation Partners BNP Paribas
ATR 72-600 PW100 Apr-12 5 Operating Lease - Sale and Lease Back Nordic Aviation Capital Air Nostrum
ATR 72-600 PW100 Apr-12 5 Nordic Aviation Capital ECA / EXIM| Tax Lease Deutsche Bank AG| KfW IPEX-Bank
ATR 72-600 PW100 Jul-12 4 Air New Zealand Tax Lease The Bank of Mitsubishi Tokyo The Bank of Mitsubishi Tokyo
ATR 72-600 PW100 Sep-12 5 Operating Lease - Sale and Lease Back GECAS Azul
ATR 72-600 PW100 Dec-12 2 Lion Air Loan/Finance/Refinanced Transportation Partners BNP Paribas
CRJ100 CF34 Mar-12 1 Cemair Loan/Finance/Refinanced Residco
CRJ100 CF34 Jun-12 1 Purchase Atlantic Jet Support SW Holding Trust
CRJ100 CF34 Jun-12 4 Purchase FL Technics (Lithuania) Fleet Credit
CRJ100 CF34 Oct-12 3 Purchase Avmax Aircraft Leasing Air Canada
CRJ100 CF34 Oct-12 1 Purchase Cemair ALF V
CRJ100 CF34 Nov-12 2 Purchase Emery Air Charter FL Technics (Lithuania)
CRJ100 CF34 Nov-12 2 Purchase Pragma MB Aircraft Leasing & Management
CRJ100 CF34 Dec-12 5 Purchase Avmax Aircraft Leasing Air Canada
CRJ100 CF34 Dec-12 2 Purchase Eagle Aviation Comair
CRJ200 CF34 Jan-12 1 Purchase Clarks Summit II JL Sarah Lease
CRJ200 CF34 Feb-12 1 Purchase Bombardier Eurowings
CRJ200 CF34 Feb-12 1 Purchase Eagle Aviation GECAS
CRJ200 CF34 Feb-12 1 Purchase Kinetic Motion Clarks Summit II
68 | Flightglobal Insight | AircrAft finAnce 2013 AircrAft finAnce 2013 |Flightglobal Insight | 69
AircrAft finAnce 2013
aircrafT finance deals announced in 2012
aircraft model engine type Month Number of aircraft
customer Deal structure arrangers Debt provider equity providers buyer Seller
A380-800 GP7200 Dec-12 1 Emirates Airline ECA / EXIM KfW IPEX-Bank| Sumitomo Mitsui Banking (SMBC)
A380-800 GP7200 Dec-12 1 Korean Air ECA / EXIM Sumitomo Mitsui Banking (SMBC)| Sumitomo Mitsui Trust Bank| Development Bank of Japan
ATR 42-300 PW100 Feb-12 1 Solenta Aviation Loan/Finance/Refinanced Investec Bank
ATR 42-300 PW100 Mar-12 1 Purchase MAP Linhas Aereas TRIP
ATR 42-300 PW100 Mar-12 1 Purchase Pascan Aviation BKM Luftfahrt
ATR 42-300 PW100 May-12 1 Purchase Calm Air Willis Lease Finance Corporation
ATR 42-300 PW100 Jun-12 1 Purchase West Wind Aviation Fly540
ATR 42-300 PW100 Jul-12 1 Purchase Atlantique Air Assistance Sodelem SA & Oseo Financement
ATR 42-300 PW100 Jul-12 1 Purchase Blue Islands Atlantique Air Assistance
ATR 42-300 PW100 Sep-12 1 Purchase Magellan Group Antrak Air
ATR 42-300 PW100 Oct-12 5 Purchase - Lease Attached ACIA Aero ATR Asset Management
ATR 42-300 PW100 Oct-12 2 Purchase - Lease Attached ACIA Aero Merinos Leasing
ATR 42-300 PW100 Nov-12 1 Purchase Tropical Air Precision Air
ATR 42-300 PW100 Dec-12 1 Purchase Calm Air BKM Luftfahrt
ATR 42-500 PW100 Jan-12 1 Purchase Taimyr Air - NordStar Flybe Nordic
ATR 42-500 PW100 Oct-12 2 Purchase Airline Contract Maintenance and Equipment ASL Aviation Group
ATR 42-500 PW100 Oct-12 1 Purchase Hawaiian Airlines Airline Contract Maintenance and Equipment
ATR 42-500 PW100 Nov-12 2 Purchase Nordic Aviation Capital Azerbaijan Airlines
ATR 42-500 PW100 Dec-12 1 Purchase Island Transvoyager Nordic Aviation Capital
ATR 42-600 PW100 Jun-12 2 Air Tahiti Tax Lease Credit Agricole Corporate and Investment Bank
ATR 42-600 PW100 Dec-12 1 Precision Air Finance Lease Antelope Leasing
ATR 72-200 PW100 Mar-12 1 Purchase Vip Wings Airlinair
ATR 72-200 PW100 Apr-12 1 Purchase Imetame Metalmechanica ATR Asset Management
ATR 72-200 PW100 May-12 3 Purchase Magellan Group Nordic Aviation Capital
ATR 72-200 PW100 Jun-12 1 Purchase - Lease Attached ACIA Aero ATR
ATR 72-200 PW100 Aug-12 1 Purchase DAT - Danish Air Transport Cimber Air-Leasing
ATR 72-200 PW100 Oct-12 3 Purchase Overland Airways ATR Asset Management
ATR 72-200 PW100 Nov-12 1 Purchase Solenta Aviation ATR Asset Management
ATR 72-500 PW100 Apr-12 1 Purchase Airlinair Air Vendee Investissements
ATR 72-500 PW100 Apr-12 1 Airlinair Finance Lease Natixis Lease
ATR 72-500 PW100 Jun-12 1 Purchase ATR Air Nostrum
ATR 72-500 PW100 Jun-12 1 Purchase ATR Santander Central Hispano Lease
ATR 72-500 PW100 Jul-12 1 Buddha Air Loan/Finance/Refinanced International Finance
ATR 72-500 PW100 Aug-12 1 Purchase ATR Air Nostrum
ATR 72-500 PW100 Aug-12 1 Purchase Passaredo Transportes Aereos ATR
ATR 72-500 PW100 Oct-12 1 Purchase ATR Air Nostrum
ATR 72-500 PW100 Nov-12 2 Purchase Nordic Aviation Capital Azerbaijan Airlines
ATR 72-500 PW100 Dec-12 1 Purchase Passaredo Transportes Aereos ATR
ATR 72-500 PW100 Dec-12 2 Lion Air Loan/Finance/Refinanced Transportation Partners BNP Paribas
ATR 72-600 PW100 Apr-12 5 Operating Lease - Sale and Lease Back Nordic Aviation Capital Air Nostrum
ATR 72-600 PW100 Apr-12 5 Nordic Aviation Capital ECA / EXIM| Tax Lease Deutsche Bank AG| KfW IPEX-Bank
ATR 72-600 PW100 Jul-12 4 Air New Zealand Tax Lease The Bank of Mitsubishi Tokyo The Bank of Mitsubishi Tokyo
ATR 72-600 PW100 Sep-12 5 Operating Lease - Sale and Lease Back GECAS Azul
ATR 72-600 PW100 Dec-12 2 Lion Air Loan/Finance/Refinanced Transportation Partners BNP Paribas
CRJ100 CF34 Mar-12 1 Cemair Loan/Finance/Refinanced Residco
CRJ100 CF34 Jun-12 1 Purchase Atlantic Jet Support SW Holding Trust
CRJ100 CF34 Jun-12 4 Purchase FL Technics (Lithuania) Fleet Credit
CRJ100 CF34 Oct-12 3 Purchase Avmax Aircraft Leasing Air Canada
CRJ100 CF34 Oct-12 1 Purchase Cemair ALF V
CRJ100 CF34 Nov-12 2 Purchase Emery Air Charter FL Technics (Lithuania)
CRJ100 CF34 Nov-12 2 Purchase Pragma MB Aircraft Leasing & Management
CRJ100 CF34 Dec-12 5 Purchase Avmax Aircraft Leasing Air Canada
CRJ100 CF34 Dec-12 2 Purchase Eagle Aviation Comair
CRJ200 CF34 Jan-12 1 Purchase Clarks Summit II JL Sarah Lease
CRJ200 CF34 Feb-12 1 Purchase Bombardier Eurowings
CRJ200 CF34 Feb-12 1 Purchase Eagle Aviation GECAS
CRJ200 CF34 Feb-12 1 Purchase Kinetic Motion Clarks Summit II
AircrAft finAnce 2013
70 | Flightglobal Insight | AircrAft finAnce 2013 AircrAft finAnce 2013 |Flightglobal Insight | 71
aircrafT finance deals announced in 2012
aircraft model engine type Month Number of aircraft
customer Deal structure arrangers Debt provider equity providers buyer Seller
CRJ200 CF34 Apr-12 1 Purchase MGC Airlines (Matekane Air) SA Express
CRJ200 CF34 Apr-12 1 Purchase SCAT Tyrolean Airways
CRJ200 CF34 May-12 1 Purchase Amaszonas Avmax Aircraft Leasing
CRJ200 CF34 May-12 1 Purchase Bombardier Eurowings
CRJ200 CF34 May-12 1 Purchase Regional One Bombardier Services
CRJ200 CF34 May-12 1 Purchase Semirara Mining Tailwind Capital
CRJ200 CF34 May-12 1 Purchase Voyageur Airways Kinetic Motion
CRJ200 CF34 May-12 1 Canadian Regional Aircraft Finance Transac No1 Loan/Finance/Refinanced NatWest Aerospace Trust Company
CRJ200 CF34 Jun-12 1 Purchase Matekane Farming CC SA Express
CRJ200 CF34 Jul-12 1 Purchase Bombardier Capital Eurowings
CRJ200 CF34 Jul-12 5 ExpressJet Airlines Loan/Finance/Refinanced Zions First National Bank
CRJ200 CF34 Jul-12 2 SkyWest Airlines Loan/Finance/Refinanced State Street Bank & Trust
CRJ200 CF34 Aug-12 1 Purchase Eagle Aviation GECAS
CRJ200 CF34 Sep-12 1 Purchase SCAT First Greenwich Kahala
CRJ200 CF34 Sep-12 1 Purchase SCAT GOAL German Operating Aircraft Leasing
CRJ200 CF34 Oct-12 2 Purchase Flying Colours Bombardier Capital
CRJ200 CF34 Oct-12 3 Purchase Flying Colours Bombardier
CRJ200 CF34 Oct-12 1 Purchase Peak Pacific Global Bombardier
CRJ200 CF34 Oct-12 1 Purchase SkyWest Airlines Comair
CRJ200 CF34 Oct-12 1 Purchase Unconfirmed Kazakhstan Airline Tyrolean Airways
CRJ200 CF34 Oct-12 4 Delta Air Lines Loan/Finance/Refinanced Export Development Canada
CRJ200 CF34 Nov-12 1 Purchase AviaAM Leasing GECAS
CRJ200 CF34 Nov-12 1 Purchase Bombardier GECAS
CRJ200 CF34 Nov-12 1 Purchase Stewart-Haas Racing Canadian Regional Aircraft Finance Transaction No1
CRJ200 CF34 Nov-12 1 Purchase Nova Airways Eagle Aviation
CRJ200 CF34 Dec-12 1 Purchase Delta Air Lines GECAS
CRJ200 CF34 Dec-12 1 Purchase Trident Aviation Air Nostrum
CRJ200 CF34 Dec-12 57 GECAS Capital Markets
CRJ200 CF34 Dec-12 1 SkyWest Airlines Loan/Finance/Refinanced Zions First National Bank
CRJ700 CF34 Jul-12 2 ExpressJet Airlines Loan/Finance/Refinanced Zions First National Bank
CRJ700 CF34 Dec-12 1 Purchase - Lease Attached Delta Air Lines Comair
CRJ700 CF34 Dec-12 7 GECAS Capital Markets
CRJ900 CF34 Jun-12 3 Operating Lease - Sale and Lease Back AVIC International Leasing China Express Airlines
CRJ900 CF34 Jul-12 2 AVIC International Leasing ECA / EXIM China Exim Bank
CRJ900 CF34 Oct-12 13 Delta Air Lines Loan/Finance/Refinanced Export Development Canada
CRJ900 CF34 Nov-12 2 RwandAir ECA / EXIM Export Development Canada
CRJ900 CF34 Dec-12 2 Operating Lease - Sale and Lease Back Delta Air Lines Pinnacle Airlines
CRJ900 CF34 Dec-12 1 Purchase First Financial Insurance Bombardier
Dash 8-100 PW100 Jan-12 1 Purchase Air Creebec Air Inuit
Dash 8-100 PW100 Feb-12 2 Avmax Aircraft Leasing Loan/Finance/Refinanced Alberta Treasury Branches
Dash 8-100 PW100 Mar-12 1 Purchase DAT - Danish Air Transport Air Iceland
Dash 8-100 PW100 Apr-12 1 Purchase National Jet Systems AIRPT 2001-1 ABS Portfolio
Dash 8-100 PW100 May-12 1 Purchase ALS Kahama Mining
Dash 8-100 PW100 May-12 2 Purchase Mexican Air Force Air Inuit
Dash 8-100 PW100 Jun-12 4 Operating Lease - Sale and Lease Back Nordic Aviation Capital Olympic Air
Dash 8-100 PW100 Jun-12 1 Purchase Wideroe AeroCentury
Dash 8-100 PW100 Jul-12 1 Purchase Frontier Alaska Aviation Trust Intellex Group
Dash 8-100 PW100 Jul-12 1 Purchase Intellex Group Piraeus Financial Leasing
Dash 8-100 PW100 Jul-12 1 Frontier Alaska Aviation Trust Loan/Finance/Refinanced First National Bank Alaska
Dash 8-100 PW100 Aug-12 3 Purchase Fayard Enterprises Liquidation Air Services
Dash 8-100 PW100 Sep-12 1 Purchase Fayard Enterprises Aeroleasing International
Dash 8-100 PW100 Sep-12 1 Purchase Island Air Overland Leasing Group
Dash 8-100 PW100 Sep-12 1 Fayard Enterprises Loan/Finance/Refinanced Avtran
Dash 8-100 PW100 Oct-12 3 Purchase Choice Turbine Fayard Enterprises
Dash 8-100 PW100 Oct-12 1 Purchase Frontier Alaska Aviation Trust Avmax Aircraft Leasing
Dash 8-100 PW100 Oct-12 1 Purchase Willis Lease Finance Corporation SN 146
Dash 8-100 PW100 Oct-12 1 Purchase - Lease Attached AEC-341 Frontier Alaska Aviation Trust
70 | Flightglobal Insight | AircrAft finAnce 2013 AircrAft finAnce 2013 |Flightglobal Insight | 71
AircrAft finAnce 2013
aircrafT finance deals announced in 2012
aircraft model engine type Month Number of aircraft
customer Deal structure arrangers Debt provider equity providers buyer Seller
CRJ200 CF34 Apr-12 1 Purchase MGC Airlines (Matekane Air) SA Express
CRJ200 CF34 Apr-12 1 Purchase SCAT Tyrolean Airways
CRJ200 CF34 May-12 1 Purchase Amaszonas Avmax Aircraft Leasing
CRJ200 CF34 May-12 1 Purchase Bombardier Eurowings
CRJ200 CF34 May-12 1 Purchase Regional One Bombardier Services
CRJ200 CF34 May-12 1 Purchase Semirara Mining Tailwind Capital
CRJ200 CF34 May-12 1 Purchase Voyageur Airways Kinetic Motion
CRJ200 CF34 May-12 1 Canadian Regional Aircraft Finance Transac No1 Loan/Finance/Refinanced NatWest Aerospace Trust Company
CRJ200 CF34 Jun-12 1 Purchase Matekane Farming CC SA Express
CRJ200 CF34 Jul-12 1 Purchase Bombardier Capital Eurowings
CRJ200 CF34 Jul-12 5 ExpressJet Airlines Loan/Finance/Refinanced Zions First National Bank
CRJ200 CF34 Jul-12 2 SkyWest Airlines Loan/Finance/Refinanced State Street Bank & Trust
CRJ200 CF34 Aug-12 1 Purchase Eagle Aviation GECAS
CRJ200 CF34 Sep-12 1 Purchase SCAT First Greenwich Kahala
CRJ200 CF34 Sep-12 1 Purchase SCAT GOAL German Operating Aircraft Leasing
CRJ200 CF34 Oct-12 2 Purchase Flying Colours Bombardier Capital
CRJ200 CF34 Oct-12 3 Purchase Flying Colours Bombardier
CRJ200 CF34 Oct-12 1 Purchase Peak Pacific Global Bombardier
CRJ200 CF34 Oct-12 1 Purchase SkyWest Airlines Comair
CRJ200 CF34 Oct-12 1 Purchase Unconfirmed Kazakhstan Airline Tyrolean Airways
CRJ200 CF34 Oct-12 4 Delta Air Lines Loan/Finance/Refinanced Export Development Canada
CRJ200 CF34 Nov-12 1 Purchase AviaAM Leasing GECAS
CRJ200 CF34 Nov-12 1 Purchase Bombardier GECAS
CRJ200 CF34 Nov-12 1 Purchase Stewart-Haas Racing Canadian Regional Aircraft Finance Transaction No1
CRJ200 CF34 Nov-12 1 Purchase Nova Airways Eagle Aviation
CRJ200 CF34 Dec-12 1 Purchase Delta Air Lines GECAS
CRJ200 CF34 Dec-12 1 Purchase Trident Aviation Air Nostrum
CRJ200 CF34 Dec-12 57 GECAS Capital Markets
CRJ200 CF34 Dec-12 1 SkyWest Airlines Loan/Finance/Refinanced Zions First National Bank
CRJ700 CF34 Jul-12 2 ExpressJet Airlines Loan/Finance/Refinanced Zions First National Bank
CRJ700 CF34 Dec-12 1 Purchase - Lease Attached Delta Air Lines Comair
CRJ700 CF34 Dec-12 7 GECAS Capital Markets
CRJ900 CF34 Jun-12 3 Operating Lease - Sale and Lease Back AVIC International Leasing China Express Airlines
CRJ900 CF34 Jul-12 2 AVIC International Leasing ECA / EXIM China Exim Bank
CRJ900 CF34 Oct-12 13 Delta Air Lines Loan/Finance/Refinanced Export Development Canada
CRJ900 CF34 Nov-12 2 RwandAir ECA / EXIM Export Development Canada
CRJ900 CF34 Dec-12 2 Operating Lease - Sale and Lease Back Delta Air Lines Pinnacle Airlines
CRJ900 CF34 Dec-12 1 Purchase First Financial Insurance Bombardier
Dash 8-100 PW100 Jan-12 1 Purchase Air Creebec Air Inuit
Dash 8-100 PW100 Feb-12 2 Avmax Aircraft Leasing Loan/Finance/Refinanced Alberta Treasury Branches
Dash 8-100 PW100 Mar-12 1 Purchase DAT - Danish Air Transport Air Iceland
Dash 8-100 PW100 Apr-12 1 Purchase National Jet Systems AIRPT 2001-1 ABS Portfolio
Dash 8-100 PW100 May-12 1 Purchase ALS Kahama Mining
Dash 8-100 PW100 May-12 2 Purchase Mexican Air Force Air Inuit
Dash 8-100 PW100 Jun-12 4 Operating Lease - Sale and Lease Back Nordic Aviation Capital Olympic Air
Dash 8-100 PW100 Jun-12 1 Purchase Wideroe AeroCentury
Dash 8-100 PW100 Jul-12 1 Purchase Frontier Alaska Aviation Trust Intellex Group
Dash 8-100 PW100 Jul-12 1 Purchase Intellex Group Piraeus Financial Leasing
Dash 8-100 PW100 Jul-12 1 Frontier Alaska Aviation Trust Loan/Finance/Refinanced First National Bank Alaska
Dash 8-100 PW100 Aug-12 3 Purchase Fayard Enterprises Liquidation Air Services
Dash 8-100 PW100 Sep-12 1 Purchase Fayard Enterprises Aeroleasing International
Dash 8-100 PW100 Sep-12 1 Purchase Island Air Overland Leasing Group
Dash 8-100 PW100 Sep-12 1 Fayard Enterprises Loan/Finance/Refinanced Avtran
Dash 8-100 PW100 Oct-12 3 Purchase Choice Turbine Fayard Enterprises
Dash 8-100 PW100 Oct-12 1 Purchase Frontier Alaska Aviation Trust Avmax Aircraft Leasing
Dash 8-100 PW100 Oct-12 1 Purchase Willis Lease Finance Corporation SN 146
Dash 8-100 PW100 Oct-12 1 Purchase - Lease Attached AEC-341 Frontier Alaska Aviation Trust
AircrAft finAnce 2013
72 | Flightglobal Insight | AircrAft finAnce 2013 AircrAft finAnce 2013 |Flightglobal Insight | 73
aircrafT finance deals announced in 2012
aircraft model engine type Month Number of aircraft
customer Deal structure arrangers Debt provider equity providers buyer Seller
Dash 8-100 PW100 Oct-12 1 Frontier Alaska Aviation Trust Loan/Finance/Refinanced First National Bank Alaska
Dash 8-100 PW100 Oct-12 1 Island Air Loan/Finance/Refinanced Union Bank
Dash 8-100 PW100 Nov-12 1 Purchase 1201148 Alberta AEC-341
Dash 8-100 PW100 Nov-12 1 Purchase DAT - Danish Air Transport Nuuk Aircraft 1
Dash 8-100 PW100 Nov-12 1 Purchase Skytrans GMG Airlines
Dash 8-100 PW100 Nov-12 1 Purchase Solomon Airlines Ventos Management
Dash 8-200 PW100 May-12 2 Avmax Aircraft Leasing Loan/Finance/Refinanced Export Development Canada
Dash 8-200 PW100 Jul-12 2 Purchase Avmax Aircraft Leasing Manufacturers & Traders Trust
Dash 8-300 PW100 Jan-12 1 Purchase AeroCentury InterSky
Dash 8-300 PW100 Jan-12 1 Purchase Jione Financial Air Senegal International
Dash 8-300 PW100 Jan-12 1 Purchase Northstar Avlease SA Express
Dash 8-300 PW100 Jan-12 1 Purchase Skyservice Business Aviation Caya de Ahrossos de Valencia Castellon Y Alicante
Dash 8-300 PW100 Feb-12 1 Purchase Nordic Aviation Capital All Nippon Airways
Dash 8-300 PW100 Apr-12 1 Purchase African Barrick Gold Skyservice Business Aviation
Dash 8-300 PW100 Jul-12 1 Purchase Air Inuit SA Express
Dash 8-300 PW100 Jul-12 1 Purchase Government of Quebec Capital Aviation Services
Dash 8-300 PW100 Jul-12 3 Nordic Aviation Capital Loan/Finance/Refinanced P/F BankNordic
Dash 8-300 PW100 Aug-12 1 Purchase Avitrade Ireland UniCredit Global Leasing Export
Dash 8-300 PW100 Aug-12 1 Purchase Bombardier Air Nostrum
Dash 8-300 PW100 Aug-12 1 Purchase Phoenix Heliparts Avitrade Ireland
Dash 8-300 PW100 Aug-12 1 Purchase US Department of State - INL Air Wing (INL/A) Phoenix Heliparts
Dash 8-300 PW100 Sep-12 1 Purchase Air Inuit Bombardier Capital
Dash 8-300 PW100 Sep-12 1 Purchase Avmax Aircraft Leasing Aircraft Solutions
Dash 8-300 PW100 Oct-12 1 Purchase Aircraft Solutions NK Leasing
Dash 8-300 PW100 Oct-12 1 Purchase Fayard Enterprises Air Service Gabon
Dash 8-300 PW100 Oct-12 1 Purchase Fayard Enterprises Volvo Aero Services Aircraft Sales & Leasing
Dash 8-300 PW100 Oct-12 1 Purchase NK Leasing Nordic Aviation Capital
Dash 8-300 PW100 Oct-12 1 Purchase Perimeter Airlines Air Inuit
Dash 8-300 PW100 Oct-12 1 Purchase Travira Air Bombardier
Dash 8-300 PW100 Nov-12 1 Purchase Field Aviation Bombardier
Dash 8-300 PW100 Nov-12 1 Purchase Nordic Aviation Capital NL Scorpio Lease
Dash 8-300 PW100 Dec-12 1 Purchase Airphil Express Nordic Aviation Capital
Dash 8-300 PW100 Dec-12 2 Purchase Avmax Aircraft Leasing Caribbean Airlines
Dash 8-300 PW100 Dec-12 2 Purchase Skytrans AIRPT 2001-1 ABS Portfolio
ERJ-135 AE 3007 May-12 1 Purchase Air Namibia Regional
ERJ-135 AE 3007 Jun-12 18 Purchase ECC Leasing American Airlines
ERJ-135 AE 3007 Aug-12 3 Airlink - SA Airlink Loan/Finance/Refinanced Nedbank
ERJ-135 AE 3007 Dec-12 21 Purchase - Lease Attached ECC Leasing American Airlines
ERJ-145 AE 3007 Feb-12 1 Purchase Ogengene Air Services Aircraft Solutions
ERJ-145 AE 3007 Mar-12 1 Purchase CIT Aerospace Bank of Hawaii Leasing
ERJ-145 AE 3007 Mar-12 2 Purchase Enhanced Aero Maintenance SAS Aircraft Solutions
ERJ-145 AE 3007 Apr-12 1 Purchase Irmaos Passaura Skyways
ERJ-145 AE 3007 Jun-12 1 Purchase Globalia Group Lagun Air
ERJ-145 AE 3007 Jun-12 2 Purchase IBC Airways FAP
ERJ-145 AE 3007 Jul-12 1 Purchase Airlink - SA Airlink Investment AB Janus
ERJ-145 AE 3007 Aug-12 1 Purchase Aerovision Aircraft Services 429/448 Corp
ERJ-145 AE 3007 Aug-12 3 Purchase Aerovision Aircraft Services Bank of America
ERJ-145 AE 3007 Aug-12 2 Purchase Aerovision Aircraft Services GECAS
ERJ-145 AE 3007 Aug-12 4 Purchase Aerovision Aircraft Services Philip Morris Capital
ERJ-145 AE 3007 Aug-12 10 Aerovision Aircraft Services Loan/Finance/Refinanced JP Morgan Chase Bank
ERJ-145 AE 3007 Sep-12 1 Purchase Solenta Aviation GECAS
ERJ-145 AE 3007 Oct-12 1 Purchase Regional One Continuity Air Finance IX
ERJ-145 AE3007 Oct-12 4 Purchase Aeromexico Connect SL Canopy
ERJ-145 AE 3007 Oct-12 1 Regourd Aviation Finance Lease Natixis Lease
ERJ-145 AE 3007 Nov-12 2 Purchase NovoAir Aircraft Solutions ERJ-145
Fokker 100 RB.183 Tay Jan-12 2 Purchase Pembroke Group
Fokker 100 RB.183 Tay Feb-12 1 Purchase Bek Air Eastindo Air Taxi & Charter
72 | Flightglobal Insight | AircrAft finAnce 2013 AircrAft finAnce 2013 |Flightglobal Insight | 73
AircrAft finAnce 2013
aircrafT finance deals announced in 2012
aircraft model engine type Month Number of aircraft
customer Deal structure arrangers Debt provider equity providers buyer Seller
Dash 8-100 PW100 Oct-12 1 Frontier Alaska Aviation Trust Loan/Finance/Refinanced First National Bank Alaska
Dash 8-100 PW100 Oct-12 1 Island Air Loan/Finance/Refinanced Union Bank
Dash 8-100 PW100 Nov-12 1 Purchase 1201148 Alberta AEC-341
Dash 8-100 PW100 Nov-12 1 Purchase DAT - Danish Air Transport Nuuk Aircraft 1
Dash 8-100 PW100 Nov-12 1 Purchase Skytrans GMG Airlines
Dash 8-100 PW100 Nov-12 1 Purchase Solomon Airlines Ventos Management
Dash 8-200 PW100 May-12 2 Avmax Aircraft Leasing Loan/Finance/Refinanced Export Development Canada
Dash 8-200 PW100 Jul-12 2 Purchase Avmax Aircraft Leasing Manufacturers & Traders Trust
Dash 8-300 PW100 Jan-12 1 Purchase AeroCentury InterSky
Dash 8-300 PW100 Jan-12 1 Purchase Jione Financial Air Senegal International
Dash 8-300 PW100 Jan-12 1 Purchase Northstar Avlease SA Express
Dash 8-300 PW100 Jan-12 1 Purchase Skyservice Business Aviation Caya de Ahrossos de Valencia Castellon Y Alicante
Dash 8-300 PW100 Feb-12 1 Purchase Nordic Aviation Capital All Nippon Airways
Dash 8-300 PW100 Apr-12 1 Purchase African Barrick Gold Skyservice Business Aviation
Dash 8-300 PW100 Jul-12 1 Purchase Air Inuit SA Express
Dash 8-300 PW100 Jul-12 1 Purchase Government of Quebec Capital Aviation Services
Dash 8-300 PW100 Jul-12 3 Nordic Aviation Capital Loan/Finance/Refinanced P/F BankNordic
Dash 8-300 PW100 Aug-12 1 Purchase Avitrade Ireland UniCredit Global Leasing Export
Dash 8-300 PW100 Aug-12 1 Purchase Bombardier Air Nostrum
Dash 8-300 PW100 Aug-12 1 Purchase Phoenix Heliparts Avitrade Ireland
Dash 8-300 PW100 Aug-12 1 Purchase US Department of State - INL Air Wing (INL/A) Phoenix Heliparts
Dash 8-300 PW100 Sep-12 1 Purchase Air Inuit Bombardier Capital
Dash 8-300 PW100 Sep-12 1 Purchase Avmax Aircraft Leasing Aircraft Solutions
Dash 8-300 PW100 Oct-12 1 Purchase Aircraft Solutions NK Leasing
Dash 8-300 PW100 Oct-12 1 Purchase Fayard Enterprises Air Service Gabon
Dash 8-300 PW100 Oct-12 1 Purchase Fayard Enterprises Volvo Aero Services Aircraft Sales & Leasing
Dash 8-300 PW100 Oct-12 1 Purchase NK Leasing Nordic Aviation Capital
Dash 8-300 PW100 Oct-12 1 Purchase Perimeter Airlines Air Inuit
Dash 8-300 PW100 Oct-12 1 Purchase Travira Air Bombardier
Dash 8-300 PW100 Nov-12 1 Purchase Field Aviation Bombardier
Dash 8-300 PW100 Nov-12 1 Purchase Nordic Aviation Capital NL Scorpio Lease
Dash 8-300 PW100 Dec-12 1 Purchase Airphil Express Nordic Aviation Capital
Dash 8-300 PW100 Dec-12 2 Purchase Avmax Aircraft Leasing Caribbean Airlines
Dash 8-300 PW100 Dec-12 2 Purchase Skytrans AIRPT 2001-1 ABS Portfolio
ERJ-135 AE 3007 May-12 1 Purchase Air Namibia Regional
ERJ-135 AE 3007 Jun-12 18 Purchase ECC Leasing American Airlines
ERJ-135 AE 3007 Aug-12 3 Airlink - SA Airlink Loan/Finance/Refinanced Nedbank
ERJ-135 AE 3007 Dec-12 21 Purchase - Lease Attached ECC Leasing American Airlines
ERJ-145 AE 3007 Feb-12 1 Purchase Ogengene Air Services Aircraft Solutions
ERJ-145 AE 3007 Mar-12 1 Purchase CIT Aerospace Bank of Hawaii Leasing
ERJ-145 AE 3007 Mar-12 2 Purchase Enhanced Aero Maintenance SAS Aircraft Solutions
ERJ-145 AE 3007 Apr-12 1 Purchase Irmaos Passaura Skyways
ERJ-145 AE 3007 Jun-12 1 Purchase Globalia Group Lagun Air
ERJ-145 AE 3007 Jun-12 2 Purchase IBC Airways FAP
ERJ-145 AE 3007 Jul-12 1 Purchase Airlink - SA Airlink Investment AB Janus
ERJ-145 AE 3007 Aug-12 1 Purchase Aerovision Aircraft Services 429/448 Corp
ERJ-145 AE 3007 Aug-12 3 Purchase Aerovision Aircraft Services Bank of America
ERJ-145 AE 3007 Aug-12 2 Purchase Aerovision Aircraft Services GECAS
ERJ-145 AE 3007 Aug-12 4 Purchase Aerovision Aircraft Services Philip Morris Capital
ERJ-145 AE 3007 Aug-12 10 Aerovision Aircraft Services Loan/Finance/Refinanced JP Morgan Chase Bank
ERJ-145 AE 3007 Sep-12 1 Purchase Solenta Aviation GECAS
ERJ-145 AE 3007 Oct-12 1 Purchase Regional One Continuity Air Finance IX
ERJ-145 AE3007 Oct-12 4 Purchase Aeromexico Connect SL Canopy
ERJ-145 AE 3007 Oct-12 1 Regourd Aviation Finance Lease Natixis Lease
ERJ-145 AE 3007 Nov-12 2 Purchase NovoAir Aircraft Solutions ERJ-145
Fokker 100 RB.183 Tay Jan-12 2 Purchase Pembroke Group
Fokker 100 RB.183 Tay Feb-12 1 Purchase Bek Air Eastindo Air Taxi & Charter
AircrAft finAnce 2013
74 | Flightglobal Insight | AircrAft finAnce 2013 AircrAft finAnce 2013 |Flightglobal Insight | 75
aircrafT finance deals announced in 2012
aircraft model engine type Month Number of aircraft
customer Deal structure arrangers Debt provider equity providers buyer Seller
Fokker 100 RB.183 Tay Feb-12 1 Purchase Skywest Airlines (Australia) France Aircraft Finance V
Fokker 100 RB.183 Tay May-12 1 Purchase Air Panama Jet Trading & Leasing
Fokker 100 RB.183 Tay Jul-12 1 Purchase Bukovyna Airlines KLM cityhopper
Fokker 100 RB.183 Tay Jul-12 1 Purchase Sky Aviation Premiair (Indonesia)
Fokker 100 RB.183 Tay Aug-12 1 Purchase Air Panama Jet Trading & Leasing
Fokker 100 RB.183 Tay Aug-12 4 Purchase Jet Midwest MS Financing
Fokker 100 RB.183 Tay Sep-12 1 Purchase Bukovyna Airlines KLM cityhopper
Fokker 100 RB.183 Tay Sep-12 1 Purchase Jet Midwest Aviation Leasing
Fokker 100 RB.183 Tay Nov-12 1 Purchase Jet Midwest Aviation Leasing
Fokker 100 RB.183 Tay Nov-12 2 Purchase Jet Midwest Aviation Leasing
Fokker 100 RB.183 Tay Nov-12 3 Purchase Undisclosed Bank / Broker / Lessor Brit Air
Fokker 100 RB.183 Tay Nov-12 7 Jet Midwest Loan/Finance/Refinanced Amur Finance 1
Fokker 100 RB.183 Tay Dec-12 3 Purchase Kish Air Undisclosed Bank / Broker / Lessor
Fokker 100 RB.183 Tay Dec-12 1 Purchase Skyward International Aviation Jet Trading & Leasing
Fokker 100 RB.183 Tay Dec-12 3 Purchase Skywest Airlines (Australia) Capital Lease Aviation
Fokker 100 RB.183 Tay Dec-12 8 Purchase - Lease Attached Undisclosed Bank / Broker / Lessor Airfleet Credit
MD-11 CF6 Apr-12 1 Purchase Unical Aviation Vx Capital Partners
MD-11 CF6 Jul-12 1 Purchase Unical Aviation BBAM
MD-11 PW4000 Nov-12 1 Purchase Unical Aviation Boeing Capital
MD-11F CF6 Jan-12 4 FedEx Capital Markets
MD-11F CF6 Jun-12 1 Purchase Nordic Global Airlines EVA Air
MD-11F PW4000 Oct-12 2 Purchase FedEx ILFC
MD-11F CF6 Nov-12 1 Purchase Nordic Global Airlines EVA Air
MD-11F PW4000 Nov-12 1 Purchase Unical Aviation ILFC
MD-11F CF6 Dec-12 1 Purchase EirTrade Aviation Ireland AWAS
MD-11F CF6 Dec-12 1 Purchase M48435 CIT Aerospace
MD-81 JT8D Jun-12 1 Purchase Airline Support Sweden Air Sweden
MD-81 JT8D Jun-12 1 Purchase L & E Sweden /Advantage Aviation Services Sweden Airline Support Sweden
MD-82 JT8D Feb-12 1 Purchase Stewart Industries International American Airlines
MD-82 JT8D Feb-12 1 Purchase US Aviation Jet Midwest
MD-82 JT8D Mar-12 1 Purchase GA Telesis AWAS
MD-82 JT8D Mar-12 1 Purchase Jet Midwest John Hancock Leasing
MD-82 JT8D Mar-12 1 Purchase Zagros Airlines Khors Aircompany
MD-82 JT8D Apr-12 1 Purchase Tango Airways US Aviation
MD-82 JT8D Apr-12 1 Purchase Undisclosed Bank / Broker / Lessor GA Telesis
MD-82 JT8D Apr-12 2 Purchase Undisclosed Bank / Broker / Lessor Volito Aviation Services
MD-82 JT8D Apr-12 1 Purchase Zagros Airlines AP Finance
MD-82 JT8D May-12 2 Purchase American Airlines Boeing Capital
MD-82 JT8D May-12 1 Purchase GA Telesis HNB Investment
MD-82 JT8D May-12 1 Purchase SAS Terra Brains
MD-82 JT8D Jun-12 7 Purchase Aircraft & Engine Support Alitalia
MD-82 JT8D Jul-12 1 Purchase City National Bank IAL Alaska I Corp
MD-82 JT8D Jul-12 1 Purchase Zagros Airlines AP Finance
MD-82 JT8D Jul-12 1 Purchase Zagros Airlines AP Financing
MD-82 JT8D Jul-12 2 Purchase - Lease Attached Citigroup Financial Products Credit Foncier de France
MD-82 JT8D Aug-12 1 Purchase Air Capital Group GS/MC Leasing Holdings (MD82)
MD-82 JT8D Aug-12 3 Purchase Aviation Leasing GA Telesis
MD-82 JT8D Aug-12 2 Purchase Jet Midwest Key Equipment Finance
MD-82 JT8D Aug-12 1 Purchase - Lease Attached Bank of America Manufacturers Hanover Leasing International
MD-82 JT8D Sep-12 1 Purchase Air Capital Group SVMF 37
MD-82 JT8D Sep-12 2 Purchase Aviation Leasing GA Telesis
MD-82 JT8D Sep-12 3 Purchase Delta Air Lines SAS
MD-82 JT8D Sep-12 4 Purchase GA Telesis Manufacturers Hanover Leasing International
MD-82 JT8D Sep-12 2 Purchase Maxavia Wind Rose Aviationy
MD-82 JT8D Sep-12 5 Purchase - Lease Attached GA Telesis Undisclosed Bank / Broker / Lessor
MD-82 JT8D Sep-12 1 Air Capital Group Loan/Finance/Refinanced SVMF 37
MD-82 JT8D Oct-12 1 Purchase B & C Aero Investments City National Bank
74 | Flightglobal Insight | AircrAft finAnce 2013 AircrAft finAnce 2013 |Flightglobal Insight | 75
AircrAft finAnce 2013
aircrafT finance deals announced in 2012
aircraft model engine type Month Number of aircraft
customer Deal structure arrangers Debt provider equity providers buyer Seller
Fokker 100 RB.183 Tay Feb-12 1 Purchase Skywest Airlines (Australia) France Aircraft Finance V
Fokker 100 RB.183 Tay May-12 1 Purchase Air Panama Jet Trading & Leasing
Fokker 100 RB.183 Tay Jul-12 1 Purchase Bukovyna Airlines KLM cityhopper
Fokker 100 RB.183 Tay Jul-12 1 Purchase Sky Aviation Premiair (Indonesia)
Fokker 100 RB.183 Tay Aug-12 1 Purchase Air Panama Jet Trading & Leasing
Fokker 100 RB.183 Tay Aug-12 4 Purchase Jet Midwest MS Financing
Fokker 100 RB.183 Tay Sep-12 1 Purchase Bukovyna Airlines KLM cityhopper
Fokker 100 RB.183 Tay Sep-12 1 Purchase Jet Midwest Aviation Leasing
Fokker 100 RB.183 Tay Nov-12 1 Purchase Jet Midwest Aviation Leasing
Fokker 100 RB.183 Tay Nov-12 2 Purchase Jet Midwest Aviation Leasing
Fokker 100 RB.183 Tay Nov-12 3 Purchase Undisclosed Bank / Broker / Lessor Brit Air
Fokker 100 RB.183 Tay Nov-12 7 Jet Midwest Loan/Finance/Refinanced Amur Finance 1
Fokker 100 RB.183 Tay Dec-12 3 Purchase Kish Air Undisclosed Bank / Broker / Lessor
Fokker 100 RB.183 Tay Dec-12 1 Purchase Skyward International Aviation Jet Trading & Leasing
Fokker 100 RB.183 Tay Dec-12 3 Purchase Skywest Airlines (Australia) Capital Lease Aviation
Fokker 100 RB.183 Tay Dec-12 8 Purchase - Lease Attached Undisclosed Bank / Broker / Lessor Airfleet Credit
MD-11 CF6 Apr-12 1 Purchase Unical Aviation Vx Capital Partners
MD-11 CF6 Jul-12 1 Purchase Unical Aviation BBAM
MD-11 PW4000 Nov-12 1 Purchase Unical Aviation Boeing Capital
MD-11F CF6 Jan-12 4 FedEx Capital Markets
MD-11F CF6 Jun-12 1 Purchase Nordic Global Airlines EVA Air
MD-11F PW4000 Oct-12 2 Purchase FedEx ILFC
MD-11F CF6 Nov-12 1 Purchase Nordic Global Airlines EVA Air
MD-11F PW4000 Nov-12 1 Purchase Unical Aviation ILFC
MD-11F CF6 Dec-12 1 Purchase EirTrade Aviation Ireland AWAS
MD-11F CF6 Dec-12 1 Purchase M48435 CIT Aerospace
MD-81 JT8D Jun-12 1 Purchase Airline Support Sweden Air Sweden
MD-81 JT8D Jun-12 1 Purchase L & E Sweden /Advantage Aviation Services Sweden Airline Support Sweden
MD-82 JT8D Feb-12 1 Purchase Stewart Industries International American Airlines
MD-82 JT8D Feb-12 1 Purchase US Aviation Jet Midwest
MD-82 JT8D Mar-12 1 Purchase GA Telesis AWAS
MD-82 JT8D Mar-12 1 Purchase Jet Midwest John Hancock Leasing
MD-82 JT8D Mar-12 1 Purchase Zagros Airlines Khors Aircompany
MD-82 JT8D Apr-12 1 Purchase Tango Airways US Aviation
MD-82 JT8D Apr-12 1 Purchase Undisclosed Bank / Broker / Lessor GA Telesis
MD-82 JT8D Apr-12 2 Purchase Undisclosed Bank / Broker / Lessor Volito Aviation Services
MD-82 JT8D Apr-12 1 Purchase Zagros Airlines AP Finance
MD-82 JT8D May-12 2 Purchase American Airlines Boeing Capital
MD-82 JT8D May-12 1 Purchase GA Telesis HNB Investment
MD-82 JT8D May-12 1 Purchase SAS Terra Brains
MD-82 JT8D Jun-12 7 Purchase Aircraft & Engine Support Alitalia
MD-82 JT8D Jul-12 1 Purchase City National Bank IAL Alaska I Corp
MD-82 JT8D Jul-12 1 Purchase Zagros Airlines AP Finance
MD-82 JT8D Jul-12 1 Purchase Zagros Airlines AP Financing
MD-82 JT8D Jul-12 2 Purchase - Lease Attached Citigroup Financial Products Credit Foncier de France
MD-82 JT8D Aug-12 1 Purchase Air Capital Group GS/MC Leasing Holdings (MD82)
MD-82 JT8D Aug-12 3 Purchase Aviation Leasing GA Telesis
MD-82 JT8D Aug-12 2 Purchase Jet Midwest Key Equipment Finance
MD-82 JT8D Aug-12 1 Purchase - Lease Attached Bank of America Manufacturers Hanover Leasing International
MD-82 JT8D Sep-12 1 Purchase Air Capital Group SVMF 37
MD-82 JT8D Sep-12 2 Purchase Aviation Leasing GA Telesis
MD-82 JT8D Sep-12 3 Purchase Delta Air Lines SAS
MD-82 JT8D Sep-12 4 Purchase GA Telesis Manufacturers Hanover Leasing International
MD-82 JT8D Sep-12 2 Purchase Maxavia Wind Rose Aviationy
MD-82 JT8D Sep-12 5 Purchase - Lease Attached GA Telesis Undisclosed Bank / Broker / Lessor
MD-82 JT8D Sep-12 1 Air Capital Group Loan/Finance/Refinanced SVMF 37
MD-82 JT8D Oct-12 1 Purchase B & C Aero Investments City National Bank
AircrAft finAnce 2013
76 | Flightglobal Insight | AircrAft finAnce 2013 AircrAft finAnce 2013 |Flightglobal Insight | 77
aircrafT finance deals announced in 2012
aircraft model engine type Month Number of aircraft
customer Deal structure arrangers Debt provider equity providers buyer Seller
MD-82 JT8D Oct-12 1 Purchase GA Telesis HNB Investment
MD-82 JT8D Oct-12 1 Purchase - Lease Attached GA Telesis Citigroup Financial Products
MD-82 JT8D Nov-12 1 Purchase Air Capital Group Undisclosed Bank / Broker / Lessor
MD-82 JT8D Nov-12 1 Purchase Air Capital Group US Bancorp Equipment Finance | Algemene Bank Netherland
MD-82 JT8D Nov-12 3 Purchase LASER Aviation Leasing
MD-82 JT8D Nov-12 1 Purchase SAS MC Aviation Partners/Mitsubishi
MD-82 JT8D Nov-12 3 Jet Midwest Loan/Finance/Refinanced Amur Finance 1
MD-82 JT8D Dec-12 1 Purchase Jet Midwest Gryphon Airlines
MD-82 JT8D Dec-12 2 Purchase SAS MC Aviation Partners/Mitsubishi
MD-83 JT8D Jan-12 1 Purchase Caspian Airlines Global Air
MD-83 JT8D Feb-12 1 Purchase Austral Avcorp 115
MD-83 JT8D Mar-12 1 Purchase GA Telesis AWAS
MD-83 JT8D Mar-12 1 Purchase Zagros Airlines Khors Aircompany
MD-83 JT8D Apr-12 1 Purchase DANA Air Jet Midwest
MD-83 JT8D Apr-12 1 Purchase Undisclosed Bank / Broker / Lessor GA Telesis
MD-83 JT8D May-12 2 Purchase Pennant Aviation AIRPT 2001-1 ABS Portfolio
MD-83 JT8D Jun-12 1 Purchase Caspian Airlines J.T.R. Company
MD-83 JT8D Jun-12 1 Purchase Jetran International AFT 1999-1 ABS Portfolio
MD-83 JT8D Jun-12 1 Purchase Khors Aircompany Finaircraft
MD-83 JT8D Jun-12 1 Purchase Khors Aircompany Viking Airlines
MD-83 JT8D Jul-12 1 Purchase Jet Midwest AWAS
MD-83 JT8D Jul-12 1 Purchase Khors Aircompany Finaircraft
MD-83 JT8D Jul-12 1 Jetran International Loan/Finance/Refinanced Grand Bank of Texas
MD-83 JT8D Sep-12 1 Purchase - Lease Attached Undisclosed Bank / Broker / Lessor EAST 2000-1 ABS Portfolio
MD-83 JT8D Sep-12 1 Purchase ATA Air J.T.R. Company
MD-83 JT8D Sep-12 2 Purchase Caspian Airlines Khors Aircompany
MD-83 JT8D Oct-12 3 Purchase Jetran International AIRPT 2001-1 ABS Portfolio
MD-83 JT8D Oct-12 1 Purchase Jetran International GECAS
MD-83 JT8D Oct-12 1 Purchase MSN 53470 Air Capital Group
MD-83 JT8D Oct-12 1 Purchase Undisclosed Bank / Broker / Lessor AWAS
MD-83 JT8D Oct-12 1 Purchase - Lease Attached Air Capital Group Undisclosed Bank / Broker / Lessor
MD-83 JT8D Oct-12 1 Purchase - Lease Attached MSN 53052 World Atlantic Airlines Leasing
MD-83 JT8D Nov-12 1 Purchase ATA Air J.T.R. Company
MD-83 JT8D Nov-12 1 Purchase American Airlines GECAS
MD-83 JT8D Nov-12 1 Purchase ATA Air J.T.R. Company
MD-83 JT8D Nov-12 1 Purchase Bravo Airways Airtex Enterprises
MD-83 JT8D Nov-12 1 Jet Midwest Loan/Finance/Refinanced Amur Finance 1
MD-83 JT8D Dec-12 2 Purchase ATA Air J.T.R. Company
MD-83 JT8D Dec-12 1 Purchase Swift Aircargo Jet Midwest
MD-83 JT8D Dec-12 1 Purchase Zagros Airlines Khors Aircompany
MD-87 JT8D Jan-12 1 Allegiant Air Loan/Finance/Refinanced Citadel Securities
MD-87 JT8D Feb-12 1 1time Airline Loan/Finance/Refinanced Astrail Aviation One
MD-87 JT8D Apr-12 1 Purchase Corsair Two Strategic Air Finance
MD-87 JT8D Apr-12 1 Purchase SAS Tiger Aircraft Trading
MD-87 JT8D Apr-12 1 Purchase Strategic Air Finance SAS
MD-87 JT8D Jun-12 2 Allegiant Air Loan/Finance/Refinanced Citadel Securities
MD-87 JT8D Jul-12 1 Purchase Strategic Air Finance SAS
MD-87 JT8D Jul-12 2 Allegiant Air Loan/Finance/Refinanced Citadel Securities
MD-87 JT8D Sep-12 2 Purchase Corsair Two Strategic Air Finance
MD-87 JT8D Sep-12 1 Purchase Delta Air Lines SAS
MD-87 JT8D Sep-12 2 Purchase Kam Air Allegiant Air
MD-87 JT8D Sep-12 1 Purchase Strategic Air Finance SAS
MD-87 JT8D Oct-12 2 Allegiant Air Loan/Finance/Refinanced Citadel Securities
MD-88 JT8D Jan-12 2 Purchase Allegiant Air GECAS
MD-88 JT8D Jan-12 2 Allegiant Air Loan/Finance/Refinanced Citadel Securities
MD-88 JT8D Mar-12 17 Delta Air Lines Loan/Finance/Refinanced JP Morgan Chase Bank
MD-88 JT8D Apr-12 2 Purchase Infinity Trading & Solutions Dynamic Aviation Group
76 | Flightglobal Insight | AircrAft finAnce 2013 AircrAft finAnce 2013 |Flightglobal Insight | 77
AircrAft finAnce 2013
aircrafT finance deals announced in 2012
aircraft model engine type Month Number of aircraft
customer Deal structure arrangers Debt provider equity providers buyer Seller
MD-82 JT8D Oct-12 1 Purchase GA Telesis HNB Investment
MD-82 JT8D Oct-12 1 Purchase - Lease Attached GA Telesis Citigroup Financial Products
MD-82 JT8D Nov-12 1 Purchase Air Capital Group Undisclosed Bank / Broker / Lessor
MD-82 JT8D Nov-12 1 Purchase Air Capital Group US Bancorp Equipment Finance | Algemene Bank Netherland
MD-82 JT8D Nov-12 3 Purchase LASER Aviation Leasing
MD-82 JT8D Nov-12 1 Purchase SAS MC Aviation Partners/Mitsubishi
MD-82 JT8D Nov-12 3 Jet Midwest Loan/Finance/Refinanced Amur Finance 1
MD-82 JT8D Dec-12 1 Purchase Jet Midwest Gryphon Airlines
MD-82 JT8D Dec-12 2 Purchase SAS MC Aviation Partners/Mitsubishi
MD-83 JT8D Jan-12 1 Purchase Caspian Airlines Global Air
MD-83 JT8D Feb-12 1 Purchase Austral Avcorp 115
MD-83 JT8D Mar-12 1 Purchase GA Telesis AWAS
MD-83 JT8D Mar-12 1 Purchase Zagros Airlines Khors Aircompany
MD-83 JT8D Apr-12 1 Purchase DANA Air Jet Midwest
MD-83 JT8D Apr-12 1 Purchase Undisclosed Bank / Broker / Lessor GA Telesis
MD-83 JT8D May-12 2 Purchase Pennant Aviation AIRPT 2001-1 ABS Portfolio
MD-83 JT8D Jun-12 1 Purchase Caspian Airlines J.T.R. Company
MD-83 JT8D Jun-12 1 Purchase Jetran International AFT 1999-1 ABS Portfolio
MD-83 JT8D Jun-12 1 Purchase Khors Aircompany Finaircraft
MD-83 JT8D Jun-12 1 Purchase Khors Aircompany Viking Airlines
MD-83 JT8D Jul-12 1 Purchase Jet Midwest AWAS
MD-83 JT8D Jul-12 1 Purchase Khors Aircompany Finaircraft
MD-83 JT8D Jul-12 1 Jetran International Loan/Finance/Refinanced Grand Bank of Texas
MD-83 JT8D Sep-12 1 Purchase - Lease Attached Undisclosed Bank / Broker / Lessor EAST 2000-1 ABS Portfolio
MD-83 JT8D Sep-12 1 Purchase ATA Air J.T.R. Company
MD-83 JT8D Sep-12 2 Purchase Caspian Airlines Khors Aircompany
MD-83 JT8D Oct-12 3 Purchase Jetran International AIRPT 2001-1 ABS Portfolio
MD-83 JT8D Oct-12 1 Purchase Jetran International GECAS
MD-83 JT8D Oct-12 1 Purchase MSN 53470 Air Capital Group
MD-83 JT8D Oct-12 1 Purchase Undisclosed Bank / Broker / Lessor AWAS
MD-83 JT8D Oct-12 1 Purchase - Lease Attached Air Capital Group Undisclosed Bank / Broker / Lessor
MD-83 JT8D Oct-12 1 Purchase - Lease Attached MSN 53052 World Atlantic Airlines Leasing
MD-83 JT8D Nov-12 1 Purchase ATA Air J.T.R. Company
MD-83 JT8D Nov-12 1 Purchase American Airlines GECAS
MD-83 JT8D Nov-12 1 Purchase ATA Air J.T.R. Company
MD-83 JT8D Nov-12 1 Purchase Bravo Airways Airtex Enterprises
MD-83 JT8D Nov-12 1 Jet Midwest Loan/Finance/Refinanced Amur Finance 1
MD-83 JT8D Dec-12 2 Purchase ATA Air J.T.R. Company
MD-83 JT8D Dec-12 1 Purchase Swift Aircargo Jet Midwest
MD-83 JT8D Dec-12 1 Purchase Zagros Airlines Khors Aircompany
MD-87 JT8D Jan-12 1 Allegiant Air Loan/Finance/Refinanced Citadel Securities
MD-87 JT8D Feb-12 1 1time Airline Loan/Finance/Refinanced Astrail Aviation One
MD-87 JT8D Apr-12 1 Purchase Corsair Two Strategic Air Finance
MD-87 JT8D Apr-12 1 Purchase SAS Tiger Aircraft Trading
MD-87 JT8D Apr-12 1 Purchase Strategic Air Finance SAS
MD-87 JT8D Jun-12 2 Allegiant Air Loan/Finance/Refinanced Citadel Securities
MD-87 JT8D Jul-12 1 Purchase Strategic Air Finance SAS
MD-87 JT8D Jul-12 2 Allegiant Air Loan/Finance/Refinanced Citadel Securities
MD-87 JT8D Sep-12 2 Purchase Corsair Two Strategic Air Finance
MD-87 JT8D Sep-12 1 Purchase Delta Air Lines SAS
MD-87 JT8D Sep-12 2 Purchase Kam Air Allegiant Air
MD-87 JT8D Sep-12 1 Purchase Strategic Air Finance SAS
MD-87 JT8D Oct-12 2 Allegiant Air Loan/Finance/Refinanced Citadel Securities
MD-88 JT8D Jan-12 2 Purchase Allegiant Air GECAS
MD-88 JT8D Jan-12 2 Allegiant Air Loan/Finance/Refinanced Citadel Securities
MD-88 JT8D Mar-12 17 Delta Air Lines Loan/Finance/Refinanced JP Morgan Chase Bank
MD-88 JT8D Apr-12 2 Purchase Infinity Trading & Solutions Dynamic Aviation Group
AircrAft finAnce 2013
78 | Flightglobal Insight | AircrAft finAnce 2013 AircrAft finAnce 2013 |Flightglobal Insight | 79
aircrafT finance deals announced in 2012
aircraft model engine type Month Number of aircraft
customer Deal structure arrangers Debt provider equity providers buyer Seller
MD-88 JT8D Jun-12 1 Purchase Jet Tech International BBAM
MD-88 JT8D Jun-12 1 Purchase Taban Air Bukovyna Airlines
MD-88 JT8D Jul-12 10 Delta Air Lines Loan/Finance/Refinanced
MD-88 JT8D Jul-12 2 Vx Capital Partners Loan/Finance/Refinanced Pacific Western Bank
MD-88 JT8D Sep-12 1 Purchase Fossco Dynamic Aviation Group
MD-88 JT8D Nov-12 3 Vx Capital Partners Loan/Finance/Refinanced Pacific Western Bank
MD-88 JT8D Dec-12 1 Purchase Air Capital Group BBAM
MD-88 JT8D Dec-12 1 Purchase Taban Air Bukovyna Airlines
MD-90 V2500 Mar-12 9 AerSale Loan/Finance/Refinanced Wells Fargo Bank
MD-90 V2500 Mar-12 8 Delta Air Lines Loan/Finance/Refinanced JP Morgan Chase Bank
MD-90 V2500 Apr-12 25 Purchase AerSale Saudi Arabian Airlines
MD-90 V2500 Sep-12 6 Delta Air Lines Loan/Finance/Refinanced US Bank
MD-90 V2500 Dec-12 1 AerSale Loan/Finance/Refinanced Wells Fargo Bank
Q400 PW100 Feb-12 1 Purchase - Lease Attached BTV Leasing Schweiz Centaurium Aviation AG
Q400 PW100 Mar-12 4 Purchase SAS Sumitomo Mitsui Finance & Leasing
Q400 PW100 May-12 6 Operating Lease - Sale and Lease Back Nordic Aviation Capital Eurolot
Q400 PW100 Jun-12 5 Operating Lease - Sale and Lease Back Nordic Aviation Capital Olympic Air
Q400 PW100 Jun-12 1 Purchase AMRA Leasing Alliance & Leicester
Q400 PW100 Jun-12 5 Operating Lease - Sale and Lease Back Nordic Aviation Capital Olympic Air
Q400 PW100 Jul-12 5 Operating Lease - Sale and Lease Back Regional Equipment Trust Colgan Air
Q400 PW100 Jul-12 1 Purchase 3 Points Aviation SAS
Q400 PW100 Jul-12 1 Purchase Magellan Group Walker Aviation Leasing
Q400 PW100 Jul-12 1 Purchase Walker Aviation Leasing German Operating Aircraft Leasing (GOAL)
Q400 PW100 Jul-12 8 Operating Lease - Sale and Lease Back Regional Equipment Trust Colgan Air
Q400 PW100 Aug-12 1 Purchase Bombardier Magellan Group
Q400 PW100 Aug-12 13 Purchase Regional Equipment Trust Colgan Air
Q400 PW100 Aug-12 6 Jazz ECA / EXIM Export Development Canada
Q400 PW100 Aug-12 2 Luxair Finance Lease ElleGe
Q400 PW100 Aug-12 2 Regional Equipment Trust Loan/Finance/Refinanced Export Development Canada
Q400 PW100 Aug-12 2 Republic Airlines Loan/Finance/Refinanced Export Development Canada
Q400 PW100 Sep-12 1 Purchase AMRA Leasing Lloyds Bank
Q400 PW100 Sep-12 1 Purchase AMRA Leasing Walker Aviation Leasing
Q400 PW100 Sep-12 1 Purchase Undisclosed Bank / Broker / Lessor SAS
Q400 PW100 Sep-12 1 AMRA Leasing Loan/Finance/Refinanced NordLB
Q400 PW100 Sep-12 2 Operating Lease - Sale and Lease Back Nordic Aviation Capital Eurolot
Q400 PW100 Oct-12 2 Purchase Bombardier Horizon Air
Q400 PW100 Nov-12 1 Purchase Bombardier AMRA Leasing
Q400 PW100 Nov-12 1 Purchase L-3 Communications Advanced Aviation Bombardier
Q400 PW100 Nov-12 1 Luxair Finance Lease ElleGe
Q400 PW100 Dec-12 3 Purchase VEB-Leasing Luxair
SSJ 100-95 SaM146 Jun-12 20 Interjet ECA / EXIM Natixis Vnesheconombank
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 AircrAft finAnce 2013 |Flightglobal Insight | 79
AircrAft finAnce 2013
aircrafT finance deals announced in 2012
aircraft model engine type Month Number of aircraft
customer Deal structure arrangers Debt provider equity providers buyer Seller
MD-88 JT8D Jun-12 1 Purchase Jet Tech International BBAM
MD-88 JT8D Jun-12 1 Purchase Taban Air Bukovyna Airlines
MD-88 JT8D Jul-12 10 Delta Air Lines Loan/Finance/Refinanced
MD-88 JT8D Jul-12 2 Vx Capital Partners Loan/Finance/Refinanced Pacific Western Bank
MD-88 JT8D Sep-12 1 Purchase Fossco Dynamic Aviation Group
MD-88 JT8D Nov-12 3 Vx Capital Partners Loan/Finance/Refinanced Pacific Western Bank
MD-88 JT8D Dec-12 1 Purchase Air Capital Group BBAM
MD-88 JT8D Dec-12 1 Purchase Taban Air Bukovyna Airlines
MD-90 V2500 Mar-12 9 AerSale Loan/Finance/Refinanced Wells Fargo Bank
MD-90 V2500 Mar-12 8 Delta Air Lines Loan/Finance/Refinanced JP Morgan Chase Bank
MD-90 V2500 Apr-12 25 Purchase AerSale Saudi Arabian Airlines
MD-90 V2500 Sep-12 6 Delta Air Lines Loan/Finance/Refinanced US Bank
MD-90 V2500 Dec-12 1 AerSale Loan/Finance/Refinanced Wells Fargo Bank
Q400 PW100 Feb-12 1 Purchase - Lease Attached BTV Leasing Schweiz Centaurium Aviation AG
Q400 PW100 Mar-12 4 Purchase SAS Sumitomo Mitsui Finance & Leasing
Q400 PW100 May-12 6 Operating Lease - Sale and Lease Back Nordic Aviation Capital Eurolot
Q400 PW100 Jun-12 5 Operating Lease - Sale and Lease Back Nordic Aviation Capital Olympic Air
Q400 PW100 Jun-12 1 Purchase AMRA Leasing Alliance & Leicester
Q400 PW100 Jun-12 5 Operating Lease - Sale and Lease Back Nordic Aviation Capital Olympic Air
Q400 PW100 Jul-12 5 Operating Lease - Sale and Lease Back Regional Equipment Trust Colgan Air
Q400 PW100 Jul-12 1 Purchase 3 Points Aviation SAS
Q400 PW100 Jul-12 1 Purchase Magellan Group Walker Aviation Leasing
Q400 PW100 Jul-12 1 Purchase Walker Aviation Leasing German Operating Aircraft Leasing (GOAL)
Q400 PW100 Jul-12 8 Operating Lease - Sale and Lease Back Regional Equipment Trust Colgan Air
Q400 PW100 Aug-12 1 Purchase Bombardier Magellan Group
Q400 PW100 Aug-12 13 Purchase Regional Equipment Trust Colgan Air
Q400 PW100 Aug-12 6 Jazz ECA / EXIM Export Development Canada
Q400 PW100 Aug-12 2 Luxair Finance Lease ElleGe
Q400 PW100 Aug-12 2 Regional Equipment Trust Loan/Finance/Refinanced Export Development Canada
Q400 PW100 Aug-12 2 Republic Airlines Loan/Finance/Refinanced Export Development Canada
Q400 PW100 Sep-12 1 Purchase AMRA Leasing Lloyds Bank
Q400 PW100 Sep-12 1 Purchase AMRA Leasing Walker Aviation Leasing
Q400 PW100 Sep-12 1 Purchase Undisclosed Bank / Broker / Lessor SAS
Q400 PW100 Sep-12 1 AMRA Leasing Loan/Finance/Refinanced NordLB
Q400 PW100 Sep-12 2 Operating Lease - Sale and Lease Back Nordic Aviation Capital Eurolot
Q400 PW100 Oct-12 2 Purchase Bombardier Horizon Air
Q400 PW100 Nov-12 1 Purchase Bombardier AMRA Leasing
Q400 PW100 Nov-12 1 Purchase L-3 Communications Advanced Aviation Bombardier
Q400 PW100 Nov-12 1 Luxair Finance Lease ElleGe
Q400 PW100 Dec-12 3 Purchase VEB-Leasing Luxair
SSJ 100-95 SaM146 Jun-12 20 Interjet ECA / EXIM Natixis Vnesheconombank
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