Denmark’s Nordic Aviation Capital (NAC) has secured financing from Deutsche Bank and KfW IPEX-Bank for the acquisition of five ATR 72-600 aircraft.
The twin turboprops are subject to a sale-and-leaseback arrangement with Spanish regional carrier Air Nostrum (YW). The first aircraft was delivered April 26; the remainder is scheduled for delivery from May until July this year.
The financing was structured as a 12-year ECA-Loan Facility insured by Coface, acting as Fronting ECA. Deutsche Bank is acting as Agent and Security Trustee.
Article Source : ATW Daily News
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