ICBC Financial Leasing has announced the closing of a financing facility for the refinancing of three aircraft with DVB Bank SE.
The aircraft portfolio – consisting of one A330-200, one 737-700 and one A319-100 – are currently on long-term finance leases to China Eastern Airlines. The Chinese lessor mandated DVB as the sole arranger for the senior loan facility. DVB is also the sole underwriter and lender in this facility. Berwin Leighton Paisner is the borrower’s counsel for this transaction while Clifford Chance acted for DVB.
Till date, ICBC Leasing and DVB have worked on several financing transactions together, with the German bank providing senior debt financing to the Chinese lessor previously for aircraft on operating lease to airlines such as Asiana and AirAsia. ICBC Leasing is one of the largest leasing companies in China with over 200 aircraft in its fleet.
Gulfstream Aerospace has enhanced the capabilities of its Customer Support Performance Analytics program, further strengthening its ability to transform aircraft data into actionable insight...
In business aviation, exceptional service is defined by attention to detail, and few amenities reflect that more clearly than premium catering. At the intersection of hospitality and private aviation,...
The Tennessee Valley Authority is demonstrating the real-world value of the Tecnam P2012 Special Mission Platform (SMP), which has become a vital tool for monitoring and maintaining its...
Viasat has significantly expanded the capacity of its JetXP in-flight connectivity service across the United States, delivering up to five times more bandwidth for business aviation customers equipped...
