special REPORt
AIRCRAFT FINANCE 2013
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Aircraft finance 2013
foreword Welcome 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 singleaisle 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 ExIm bond issuer with an estimated $1.8 billion in financing. This report ludes a breakdown of aircraft finance transactions which took place in 2012. This information has Aircraft Finance 2013 | Flightglobal Insight | 3
Aircraft finance 2013
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.
flightglobal Finance olivier bonnassies: editor flightglobal insight Antoine Fafard: manager flightglobal data research steven Phipps: flightglobal ascend
Cover photo: WestEnd61/Rex Features
FINANCE INTERACTIVE Airline Business and aviation finance specialist DVB Bank have teamed up for the third annual interactive special to scrutinise this market. Published in parallel with the annual financing and leasing survey found in the Airline Business February issue, the special report tackles the key issues facing the sector through an interactive format. Topics explored this year lude how the leasing sector is reasing its proportion of the world fleet, and the issue of airliner economic lives. The airlines’ 2013 financing requirements and the likely changes in funding sources are also examined. Leading experts and analysts in the sector were asked for their views on these major issues. These lude Nigel Taylor of EADS and 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
4 | Flightglobal Insight | Aircraft Finance 2013
Aircraft finance 2013
content 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
Download an extended electronic version of this report at www.flightglobal.com/insight
To find out more about flightglobal insight and report sponsorship opportunities, contact: Flightglobal Insight Quadrant House, The Quadrant Sutton, Surrey, SM2 5AS, UK Tel: + 44 208 652 8724 Email: insight@flightglobal.com Website: www.flightglobal.com/insight
Insight Aircraft Finance 2013 | Flightglobal Insight | 5
Aircraft finance 2013
fleet watch: 2012 Commercial aviation continues to grow 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 alltime 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 AIRLINERmarket MARKET10-year 10-YEARview VIEW - NET ORDERS Airliner - net orders 2,500
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
2,000
Number of aircraft
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.
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.
1,500
1,000
500
0 2003 2004 2005 2006 2007 2008 2009 2010 2011 2012
Year ending Narrowbody Jet
Regional Jet
Widebody Jet
Turboprop
Source: Ascend Online Fleets (February 2013)
6 | Flightglobal Insight | Aircraft Finance 2013 Narrowbody Jet Widebody Jet
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.
Aircraft finance 2013
AIRLINERmarket MARKET10-year 10-YEAR VIEW - DELIVERIES Airliner view - deliveries 1,500
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.
1,200
Number of aircraft
represents an increase of more than 1,000 aircraft on the previous year.
900
600
300 0 2003 2004 2005 2006 2007 2008 2009 2010 2011 2012
Year ending Narrowbody Jet
Regional Jet
Widebody Jet
Turboprop
In the leasing market, GECAS, ILFC, Air Lease and Aviation Capital Group showed backlog figures of 286, 225, 244 and 185 respectively.
Source: Ascend Online Fleets (February 2013)
Narrowbody Jet
From an operator region perspective, 44% of the commercial Widebody Jet aircraft delivered in 2012 were for operators based in AsiaRegional Jet Pacific followed by Europe with 23%. Turboprop
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 AIRLINERmarket MARKET10-year 10-YEAR VIEW - BACKLOG Airliner view - backlog 12,000
Number of aircraft
10,000 8,000 6,000 4,000 2,000 0 2003 2004 2005 2006 2007 2008 2009 2010 2011 2012
Year ending Narrowbody Jet
Regional Jet
Widebody Jet
Turboprop
Download an extended electronic version of this report including the deals by aircraft type at www.flightglobal.com/insight
Source: Ascend Online Fleets (February 2013)
Narrowbody Jet Widebody Jet Regional Jet
Aircraft Finance 2013 | Flightglobal Insight | 7
Aircraft finance 2013
Regional overview for commercial aircraft in 2012 europe NORTH AMERICA 2012 net orders: 2012 deliveries: Backlog (31 Dec):
670 167 2,678
2012 net orders: 2012 deliveries: Backlog (31 Dec):
middle east
471 319 1,918
2012 net orders: 2012 deliveries: Backlog (31 Dec):
4 102 873
souTH AMERICA 2012 net orders: 2012 deliveries: Backlog (31 Dec):
270 147 846
NOTES: Figures extracted from Ascend Online Fleets from Flightglobal (February 2013). Regional split based on operator location (when available).
asia-pacific africa 2012 net orders: 2012 deliveries: Backlog (31 Dec):
18 48 188
2012 net orders: 2012 deliveries: Backlog (31 Dec):
959 617 3,955
Read the monthly FleetWatch summaries at: www.flightglobal.com/fleetwatch
8 | Flightglobal Insight | Aircraft Finance 2013
Aircraft finance 2013 Extracts from:
Leasing outlook Top 10 lessors by fleet value TOP FLIGHT GECAS has kept its impressive lead in the leasing stakes. While its portfolio by fleet value dropped slightly in 2012 to $34.1 billion, there was a sharper decline at its nearest rival International Lease Finance (ILFC). Continued growth during the past 12 months has moved BBAM up to make it the third-largest lessor. HIGH RISERS Air Lease (ALC) marches on and less than three years after launch, a fleet portfolio of 151 valued at $5.6 billion puts it among the top 10 largest lessors in the world. Other rapid risers in 2012 lude Avolon, which grew its fleet value by 61% to $3.4 billion, and AWAS which grew by 19% to $6.1 billion. REGIONAL SHIFT Aircraft lessors hold a 20% share of the narrowbody aircraft backlog, and 12% of widebody orders. The latter is down on the 18% share lessors held five years ago. However, the biggest movement during that period is in regional jets. Lessors account for more than a fifth of the fleet backlog today, compared with only 3% in 2008. EASTERN PROMISE China Aircraft Leasing (CALC), which acquired 36 Airbus A320s last year, aims to build its portfolio to 100 aircraft by 2015, another sign of the growing development of the leasing sector in China. BIG DEALS A busy year for acquisitions in the sector was capped in December when Chinese investors agreed to buy a 90% stake in ILFC from AIG. It marks a further shift to the east in the finance sector after Japanese acquisitions earlier in the year. In October, Mitsubishi UFJ Lease & Finance acquired fast-growing Jackson Square Aviation after Sumitomo Mitsui completed its purchase of RBS Aviation Capital at the start of last year.
1,635
Lessors’ firm backlog as at the end of 2012, led by GECAS with 285 aircraft, followed by Air Lease with 244, and ILFC with 225
GECAS $34.1bn -1.4%
ILFC $26.1bn -6.0%
BBAM $8.7bn 9.8%
AerCap $7.7bn -8.8%
BOC Aviation $7.3bn 7.9%
CIT Aerospace $7.2bn -4.2%
AWAS $6.1bn 18.6%
SMBC Aviation Capital $5.9bn -11.6%
Air Lease $5.6bn 59.7%
Aviation Capital Group $5.6bn 16.7%
32%
Aircraft lessors’ shares represent almost a third of the total global fleet and 42% of the Airbus and Boeing narrowbody market
$181bn
The total fleet value of the top 50 aircraft lessors’ fleet portfolios in 2012, marking an increase of 6% over the previous year Aircraft Finance 2013 | Flightglobal Insight | 9
Aircraft finance 2013 Top 50 lessors and management companies by fleet value Rank 2012 1 2 3 4 5 6 7 8 9 10 11 12 13 14 15 16 17 18 19 20 21 22 23 24 25 26 27 28 29 30 31 32 33 34 35 36 37 38 39 40 41 42 43 44 45 46 47 48 49 50
(2011) (1) (2) (4) (3) (6) (5) (8) (7) (12) (9) (13) (14) (10) (16) (23) (18) (11) (17) (21) (15) (25) (22) (27) (28) (19) (24) (20) (26) (31) (82) (30) (29) (43) (46) (34) (58) (33) (35) (32) (37) (56) (48) (38) (40) (36) (39) (116) (41) (45) (54)
Company GECAS ILFC BBAM AerCap BOC Aviation CIT Aerospace AWAS SMBC Aviation Capital Air Lease Corporation Aviation Capital Group Doric CDB Leasing Aircastle Advisor MC Aviation Partners Avolon Aerospace Lsg Pembroke Group Macquarie AirFinance ICBC Leasing Co Jackson Square Aviation Sumisho Acft Asset Mgt DAE Capital Hong Kong Avn Capital Guggenheim Avn Partners ORIX Aviation Boeing Capital Corp Amentum Capital FLY Leasing ALAFCO Nordic Aviation Capital Changjiang Lsg Co Lease Corporation Int'l SkyWorks Leasing Santos Dumont Acft Mgmt VEB-Leasing JSC Jetscape Novus Aviation Aircraft Leasing & Mgmt Investec Global Acft Fund Penerbangan Malaysia Cargo Aircraft Mgmt China Aircraft Lsg AVIC International Lsg Banc of America Lsg Dragon Aviation Lsg Co Volito Avn Services GOAL BoCom Leasing VTB-Leasing Aircraft Purchase Fleet Aldus Aviation TOTAL
Total fleet value $m Change 34,096 -1.4% 26,123 -6.0% 8,622 9.8% 7,707 -8.8% 7,276 7.9% 7,179 -4.2% 6,131 18.6% 5,913 -11.6% 5,618 59.7% 5,582 16.7% 4,046 35.6% 3,795 32.1% 3,769 1.1% 3,529 25.0% 3,414 61.3% 3,395 33.8% 3,179 -12.2% 3,174 21.5% 2,762 25.2% 2,621 -8.5% 2,528 23.1% 2,301 4.6% 2,278 29.4% 2,232 56.4% 2,135 -11.0% 2,067 -1.6% 2,024 -8.4% 1,566 -18.8% 1,478 46.4% 1,156 668.6% 970 -7.8% 962 -21.8% 961 87.7% 867 82.2% 853 8.7% 786 157.8% 738 -7.4% 676 2.0% 666 -24.0% 645 3.2% 607 94.6% 587 35.6% 540 -12.1% 537 -8.8% 509 -18.7% 502 -15.9% 499 1248.4% 494 -14.5% 463 -4.0% 457 41.8% 181,015 6.1%
Total fleet 1,742 1,033 332 297 198 268 244 232 151 270 35 91 158 110 89 97 149 82 65 86 51 73 66 120 236 45 110 51 174 50 12 84 25 41 43 17 35 19 37 75 16 33 36 17 36 33 15 39 16 21 7,355
Average value $m Change 19.6 -0.7% 25.3 -6.2% 26.0 8.2% 25.9 0.2% 36.7 -2.4% 26.8 -6.0% 25.1 8.9% 25.5 -6.3% 37.2 2.6% 20.7 5.9% 115.6 4.6% 41.7 1.6% 23.9 -10.4% 32.1 -1.1% 38.4 -5.8% 35.0 3.4% 21.3 -8.1% 38.7 -6.7% 42.5 -11.4% 30.5 -5.3% 49.6 13.5% 31.5 -2.6% 34.5 0.0% 18.6 14.7% 9.0 -8.7% 45.9 -3.8% 18.4 -9.2% 30.7 -4.4% 8.5 26.2% 23.1 -23.1% 80.9 -0.1% 11.5 -8.8% 38.5 20.1% 21.1 -2.2% 19.8 6.2% 46.2 127.5% 21.1 11.1% 35.6 -8.8% 18.0 -13.7% 8.6 6.0% 37.9 21.7% 17.8 2.7% 15.0 0.1% 31.6 -8.8% 14.1 8.3% 15.2 4.5% 33.3 79.8% 12.7 -16.7% 28.9 -10.0% 21.7 8.0% 24.6 1.0%
Managed only $m Share 1,162 3.4% 946 3.6% 7,602 88.2% 1,937 25.1% 702 9.6% 68 0.9% 116 1.9% 0 0.0% 0 0.0% 170 3.0% 4,046 100.0% 0 0.0% 55 1.4% 788 22.3% 0 0.0% 145 4.3% 350 11.0% 124 3.9% 0 0.0% 989 37.8% 0 0.0% 1,688 73.4% 0 0.0% 323 14.5% 185 8.6% 2,067 100.0% 0 0.0% 0 0.0% 0 0.0% 0 0.0% 970 100.0% 962 100.0% 0 0.0% 0 0.0% 325 38.1% 515 65.6% 738 100.0% 172 25.5% 0 0.0% 13 2.0% 0 0.0% 6 0.9% 17 3.1% 0 0.0% 0 0.0% 0 0.0% 0 0.0% 297 60.3% 0 0.0% 0 0.0% 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.
10 | Flightglobal Insight | Aircraft Finance 2013
Aircraft finance 2013 top 50 lessors and management companies by fleet size Rank 2012 1 2 3 4 5 6 7 8 9 10 11 12 13 14 15 16 17 18 19 20 21 22 23 24 25 26 27 28 29 30 30 32 33 34 34 34 37 37 39 39 41 42 43 44 45 45 47 48 49 50
(2011) (1) (2) (3) (4) (7) (5) (9) (8) (6) (10) (12) (13) (17) (11) (15) (20) (16) (14) (22) (24) (28) (29) (21) (18) (26) (23) (27) (33) (25) (34) (19) (40) (48) (32) (36) (30) (38) (63) (31) (37) (42) (71) (45) (39) (47) (43) (44) (35) (50) (57)
Company GECAS ILFC BBAM AerCap Aviation Capital Group CIT Aerospace AWAS Boeing Capital Corp SMBC Aviation Capital BOC Aviation Nordic Aviation Capital Aircastle Advisor Air Lease Corporation Macquarie AirFinance ORIX Aviation MC Aviation Partners FLY Leasing Falko Avmax Aircraft Leasing Pembroke Group CDB Leasing Avolon Aerospace Lsg Sumisho Acft Asset Mgt SkyWorks Leasing ICBC Leasing Co Cargo Aircraft Mgmt Hong Kong Avn Capital Guggenheim Avn Partners Sky Holding Jackson Square Aviation Saab Aircraft Lsg AerSale ECC Leasing Co Apollo Aviation Group DAE Capital ALAFCO Changjiang Lsg Co GA Telesis Aergo Capital Amentum Capital Jetscape VEB-Leasing JSC JetFleet Mgmt Corp World Star Aviation VTB-Leasing Penerbangan Malaysia Banc of America Lsg Volito Avn Services Ilyushin Finance Co Doric TOTAL
number 1,742 1,033 332 297 270 268 244 236 232 198 174 158 151 149 120 110 110 105 99 97 91 89 86 84 82 75 73 66 66 65 59 54 54 52 51 51 50 48 47 45 43 41 40 40 39 37 36 36 36 35 7,796
Total fleet change units +/-0.7% -13 0.2% +2 1.5% +5 -8.9% -29 10.2% +25 1.9% +5 8.9% +20 -2.5% -6 -5.7% -14 10.6% +19 16.0% +24 12.9% +18 55.7% +54 -4.5% -7 36.4% +32 26.4% +23 0.9% +1 -16.7% -21 19.3% +16 29.3% +22 30.0% +21 71.2% +37 -3.4% -3 -14.3% -14 30.2% +19 -2.6% -2 7.4% +5 29.4% +15 -8.3% -6 41.3% +19 -46.8% -52 42.1% +16 50.0% +18 10.6% +5 8.5% +4 -15.0% -9 8.7% +4 92.0% +23 4.4% +2 2.3% +1 2.4% +1 86.4% +19 5.3% +2 -11.1% -5 2.6% +1 -11.9% -5 -12.2% -5 -25.0% -12 9.1% +3 29.6% +8 3.8% +286
Fleet by category Wide Narrow RJ/Prop 194 1,102 446 277 756 33 297 2 44 246 7 11 259 39 217 12 50 192 2 18 209 9 2 218 12 27 166 5 12 162 60 96 2 28 85 38 12 133 4 17 100 3 28 82 6 104 105 99 15 82 23 49 19 7 76 6 6 77 3 17 46 21 22 53 7 44 31 17 50 6 33 33 12 54 6 59 59 18 36 54 16 33 3 20 31 4 47 32 18 15 21 12 44 3 14 26 5 6 37 19 12 10 40 2 38 14 23 2 20 17 8 20 8 36 7 20 9 27 8 1,232 5,334 1,230
Fleet ($m) 34,096 26,123 8,622 7,707 5,582 7,179 6,131 2,135 5,913 7,276 1,478 3,769 5,618 3,179 2,232 3,529 2,024 280 327 3,395 3,795 3,414 2,621 962 3,174 645 2,301 2,278 408 2,762 98 430 368 427 2,528 1,566 1,156 387 97 2,067 853 867 107 92 494 666 540 509 62 4,046 176,316
Value Rank Average ($m) 1 19.6 2 25.3 3 26.0 4 25.9 10 20.7 6 26.8 7 25.1 25 9.0 8 25.5 5 36.7 29 8.5 13 23.9 9 37.2 17 21.3 24 18.6 14 32.1 27 18.4 64 2.7 61 3.3 16 35.0 12 41.7 15 38.4 20 30.5 32 11.5 18 38.7 40 8.6 22 31.5 23 34.5 56 6.2 19 42.5 85 1.7 52 8.0 58 6.8 53 8.2 21 49.6 28 30.7 30 23.1 57 8.1 86 2.1 26 45.9 35 19.8 34 21.1 84 2.7 89 2.3 49 12.7 39 18.0 43 15.0 45 14.1 101 1.7 11 115.6 22.6
NOTES: Figures based on fleet data from Flightglobal’s Ascend Online database for December 2012. Total fleet is owned and managed. 2011 data recalculated on basis of top 50 lessors by fleet size, and not top 50 lessors by fleet value ranked by their fleet size, as published previously. SMBC Aviation Capital was formerly RBS Aviation Capital
Aircraft Finance 2013 | Flightglobal Insight | 11
Aircraft finance 2013
top 50 leasing survey Our annual review of the lessors provides a snapshot of the global fleet that they own and manage, compiled from Flightglobal’s Ascend Online database as of December 2012 mainline aircraft: Leased fleet Manufacturer/category
Type
Airbus narrowbody
A318 A319 A320 A321 airbus Narrowbody total Airbus widebody A300 A310 A330 A340 A380 Airbus Widebody total Airbus total Boeing narrowbody 717 727 737 CFMI 737 JT8D 737 NG 757 DC-8 DC-9 MD-80 MD-90 boeing Narrowbody total Boeing widebody 747 767 777 787 DC-10 MD-11 boeing Widebody total Boeing Total mainline aircraft grand total
turboprops: leased fleet
Value ($m) 331 9,903 38,285 7,872 56,390 356 115 23,279 2,568 3,047 29,365 85,756 1,049 16 2,549 13 49,809 2,994 43 1 293 60 56,827 5,592 5,407 24,193 105 5 681 35,983 92,809 178,565
Fleet 23 637 1,632 300 2,592 32 21 395 100 18 566 3,158 128 24 756 59 1,841 293 28 6 177 12 3,324 167 334 271 1 7 41 821 4,145 7,303
Av. value ($m) 14.4 15.5 23.5 26.2 21.8 11.1 5.5 58.9 25.7 169.3 51.9 27.2 8.2 0.7 3.4 0.2 27.1 10.2 1.5 0.1 1.7 5.0 17.1 33.5 16.2 89.3 105.0 0.7 16.6 43.8 22.4 24.5
regional jets: leased fleet Manufacturer
Type
Bombardier
CRJ CRJ700/900/1000
Value ($m)
1,030 956 Bombardier total 1,986 Embraer E-170/175 1,440 E-190/195 5,128 ERJ-145 family 1,199 Embraer total 7,766 BAe Systems BAe 146/Avro RJ 234 Fokker Fokker F.28/70/100 189 Others 279 regional jet Grand total 10,454
Fleet 285 75 360 80 205 189 474 76 60 34 1,004
Av. value ($m) 3.6 12.7 5.5 18.0 25.0 6.3 16.4 3.1 3.2 8.2 10.4
Notes: Embraer data ludes Harbin Chinese production; Others ludes Antonov An-148; Fairchild/Dornier 328Jet; Sukhoi Superjet 100; Mainline total covers Airbus and Boeing only. *BBAM excludes FLY Leasing, whose portfolio is managed by BBM. Source: Returns to annual leasing survey and Flightglobal’s Ascend Online database. Survey data covers all firms with an active operating lease business and a substantial investment in fleet and is not restricted to top 50 aircraft lessors as previously published.
12 | Flightglobal Insight | Aircraft Finance 2013
Manufacturer
Type
ATR
ATR 42 ATR 72
Value Fleet Av. value ($m) ($m)
ATR total BAe Systems ATP/Jetstream 31/41 Bombardier Twin Otter/Dash 8 Embraer EMB-120 Fokker 50 Saab 340/2000 Others TOTAL mainline/regional grand total
254 64 1,704 152 1,958 216 79 54 1,778 219 17 13 84 48 275 133 173 68 4,364 751 193,383 9,058
4.0 11.2 9.1 1.5 8.1 1.3 1.7 2.1 2.5 5.8 21.3
Narrowbody lessors by fleet value Rank 1 2 3 4 5 6 7 8 9 10
Company GECAS ILFC BBAM SMBC Aviation Capital Aviation Capital Group AerCap CIT Aerospace BOC Aviation AWAS Avolon Aerospace Leasing
Value ($m) 20,716 13,902 6,450 5,647 5,362 5,161 4,994 4,660 4,106 2,690
Fleet 1,102 756 297 218 259 246 217 166 192 76
Change -21 +6 -1 -12 +25 -31 -1 +14 +24 +28
Widebody lessors by fleet value Rank 1 2 3 4 5 6 7 8 9 10
Company ILFC GECAS Doric BOC Aviation AerCap Aircastle Advisor Air Lease Corporation BBAM AWAS CIT Aerospace
Value ($m) 12,222 9,504 3,867 2,461 2,442 2,380 2,203 2,126 2,018 1,938
Fleet 277 194 27 27 44 60 28 33 50 39
Change -4 +7 +6 +2 +2 +6 +11 +4 -3 +0
Regional aircraft lessors by fleet size Rank Company
1 2 3 4 5 6 7 8 9 10
GECAS Nordic Aviation Capital
Falko Avmax Aircraft Lsg Saab Aircraft Leasing
ECC Leasing Co JetFleet Management Corp
Air Lease Corporation
Jetscape Erik Thun AB
Value $m 3,876 1,442 280 327 98 368 107 1,008 806 163
Fleet 446 162 105 99 59 54 40 38 37 33
Jets 418 5 69 32 0 53 7 30 35 1
Tprops Change 28 -3 157 +25 36 -28 67 +14 59 -34 1 +17 33 -1 8 +24 2 +4 32 +1
Aircraft finance 2013
finding the funds Record 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.
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.
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.
Deliveries to Middle Eastern carriers will account for around $10 billion this year.
“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.
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 airframer
2013 delivery values by category and region
Aircraft Finance 2013 | Flightglobal Insight | 13
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Aircraft finance 2013
market outlook What appraisers expect in 2013 Five appraisers review the market in 2012 and take a look ahead in 2013 Will there be a lot of order reshuffling this year? Collateral Verifications VP Commercial Aviation Services Gueric Dechavanne: “This will depend greatly on the state of the industry throughout the year. Should things keep moving at the same pace, we could see some deferrals from operators that were expecting 2013 to show more significant improvements that might be seen. This may be region specific though as some of the regions, such as North America, will most likely continue to take delivery of new aircraft, which are predominantly used as replacement aircraft versus growth aircraft.” ICF SH&E VP Ken de Jaeger: “ICF SH&E does not anticipate a material amount of order reshuffling in 2013 above and beyond what is typical in most years.” IBA 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 737700s is quite smaller now, but there is plenty of room to move A320/737-800s up to the A321/737-900ER models. Likewise, we might expect to see the same for the A350 as well as the programme gathers momentum.” Ascend director of valuations Les Weal: “Probably some. We expect some airlines will push deliveries to the right and airlines with major fleet replacement needs (US airlines?) step in.” Do you expect a pullback in orders for the 787 due to recent concerns? Will values be impacted? Dechavanne: “I 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.” Aircraft Finance 2013 | Flightglobal Insight | 15
Aircraft finance 2013
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?
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 outof-production side, the 757 remained the most stable aircraft compared to others.” De Jaeger: “We really did not see much recovery in any of the aircraft types, but if we have to choose one aircraft, it would be the 737-900ER.” Hatcher: “This is probably too strong a statement for any aircraft in 2012 as the market continues to remain flat and depressed. Specific types continue to move around in relatively large numbers that does provide some encouragement, although a single operator or specific regions are usually behind it – i.e. MD-90s, 757s and Fokker 70/100s – although the latter two have been holding their own for a number of years now.”
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.”
Monteleone: “Large turboprops.”
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
Which aircraft performed the worst in 2012?
16 | Flightglobal Insight | Aircraft Finance 2013
Weal: “Not sure anything really recovered in the jet sector.”
Dechavanne: “Whilst most markets remained soft in 2012, the values of the 767-300ERs, older 737-800s, and A340s were hit the most.”
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 ‘lessorlessor’ sales as new investors emerge to play the game. We will expect to see a slight return of lease rates first (despite low interest rates) before any pricing will return.” Monteleone: “Narrowbodies will remain in-flux as there remains both a technological sunset for the Next Generation aircraft and perhaps a built-in obsolescence for the Neo and Max variants. Airlines seem to be happy with operating lessors taking on the residual risk as lessors continue to fill up their order books with large orders.”
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.”
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.”
Aircraft Finance 2013 | Flightglobal Insight | 17
Aircraft finance 2013
deals database 2012 Airliner finance deals announced in 2008 with analysis by operator/lessor By customer Aircraft finance deals announced in 2012 Customer
Country
Month
Number of aircraft
Aircraft model
Engine type
Deal structure
1time Airline AerCap
South Africa
Feb
Netherlands
Jun
1
MD-87
JT8D
Loan/Finance/Refinanced
1
A320-200
CFM56
AerCap
Netherlands
Loan/Finance/Refinanced
Aug
2
737-800
CFM56
AerCap
Loan/Finance/Refinanced
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 AerSale
USA USA
Dec Dec
2 1
737-400 737-400
CFM56 CFM56
Loan/Finance/Refinanced 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 | Flightglobal Insight | 19
Aircraft finance 2013
Aircraft finance deals announced in 2012 Customer
Country
Month
Number of aircraft
Aircraft model
Engine type
Deal structure
Air France Air France
France
Apr
France
Apr
1
A380-800
GP7200
ECA / EXIM| Tax Lease
1
A380-800
GP7200
Air France
France
ECA / EXIM| Tax Lease
Nov
1
A318-100
CFM56
Air France
Tax Lease
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
Aug
4
A320-200
TBC
Pre Delivery Payment
Avianca| TACA International Airlines
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
20 | Flightglobal Insight | Aircraft Finance 2013
Aircraft finance 2013
Aircraft finance deals announced in 2012 Customer
Country
Month
Number of aircraft
Aircraft model
Engine type
Deal structure
Avolon Aerospace Leasing
Ireland
Jan
Avolon Aerospace Leasing
Ireland
Jan
1
A320-200
CFM56
Loan/Finance/Refinanced
1
A320-200
V2500
Avolon Aerospace Leasing
Ireland
Loan/Finance/Refinanced
Feb
1
A320-200
CFM56
Avolon Aerospace Leasing
ECA / EXIM
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 | Flightglobal Insight | 21
Aircraft finance 2013
Aircraft finance deals announced in 2012 Customer
Country
Month
Number of aircraft
Aircraft model
Engine type
Deal structure
BOC Aviation BoCom Leasing
Singapore
Nov
China
May
4
A320-200
V2500
Loan/Finance/Refinanced
1
A320-200
V2500
BoCom Leasing
China
Loan/Finance/Refinanced
Sep
2
A320-200
CFM56
BoCom Leasing
Loan/Finance/Refinanced
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
Aircraft finance deals announced in 2012 Customer
Country
Month
Number of aircraft
Aircraft model
Engine type
Deal structure
CIT Aerospace CIT Aerospace
USA
Jun
USA
Jun
3
A320-200
CFM56
ECA / EXIM
1
A321-200
V2500
CIT Aerospace
USA
ECA / EXIM
Jun
1
A330-200
CF6
Comair (South Africa)
ECA / EXIM
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 | Flightglobal Insight | 23
Aircraft finance 2013
Aircraft finance deals announced in 2012 Customer
Country
Month
Number of aircraft
Aircraft model
Engine type
Deal structure
Etihad Airways Etihad Airways
UAE
Jan
UAE
Feb
1
777-300ER
GE90
Capital Markets
1
777-300ER
GE90
Etihad Airways
UAE
Capital Markets
Apr
1
777-300ER
GE90
Etihad Airways
ECA / EXIM
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
Aircraft finance deals announced in 2012 Customer
Country
Month
Number of aircraft
Aircraft model
Engine type
Deal structure
ILFC ILFC
USA
Jan
USA
Jan
2
A319-100
CFM56
Capital Markets
6
A320-200
CFM56
ILFC
USA
Capital Markets
Jan
2
A320-200
V2500
ILFC
Capital Markets
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
Nov
1
777-200LRF
GE90
Loan/Finance/Refinanced
Investec Aircraft Syndicate Investec Aircraft Syndicate
Dec
2
737-800
CFM56
Loan/Finance/Refinanced
Jun
2
737-800
CFM56
Loan/Finance/Refinanced
USA
Oct
1
Dash 8-100
PW100
Loan/Finance/Refinanced
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
Investec Global Aircraft Fund
Australia
Island Air Jackson Square Aviation
Aircraft Finance 2013 | Flightglobal Insight | 25
Aircraft finance 2013
Aircraft finance deals announced in 2012 Customer
Country
Month
Number of aircraft
Aircraft model
Engine type
Deal structure
Jackson Square Aviation Jackson Square Aviation
USA
Jun
USA
Jun
2
A320-200
V2500
ECA / EXIM
1
737-800
CFM56
Jackson Square Aviation
USA
Loan/Finance/Refinanced
Jul
2
737-900
CFM56
Jazeera Airways
ECA / EXIM
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
Aircraft finance deals announced in 2012 Customer
Country
Month
Number of aircraft
Aircraft model
Engine type
Deal structure
Luxair Luxair
Luxembourg
Aug
Luxembourg
Nov
2
Q400
PW100
Finance Lease
1
Q400
PW100
Luxair
Luxembourg
Finance Lease
Dec
1
737-800
CFM56
Malaysia Airlines
Finance Lease
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 | 27
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Aircraft finance 2013
Aircraft finance deals announced in 2012 Customer
Country
Month
Number of aircraft
Aircraft model
Engine type
Deal structure
South African Airways South African Airways
South Africa
Jan
South Africa
Mar
3
A340-200
CFM56
Loan/Finance/Refinanced
2
A320-200
V2500
South African Airways
South Africa
Loan/Finance/Refinanced
Jul
1
A330-200
Trent
Southwest Airlines
Loan/Finance/Refinanced
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
Aircraft Finance 2013 | Flightglobal Insight | 29
Aircraft finance 2013
Aircraft finance deals announced in 2012 Customer
Country
Month
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
Oct
2
737-700
CFM56
Loan/Finance/Refinanced
Virgo
Number of aircraft
Aircraft model
Engine type
Deal structure
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
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)
30 | Flightglobal Insight | Aircraft Finance 2013
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Ascend – A Flightglobal Advisory Service
Aircraft finance 2013
deals database 2012 By aircraft model Aircraft finance deals announced in 2012 Aircraft model Engine type Month Number of Customer aircraft
Deal structure
Arrangers
175
CF34
Jun-12
1
Operating Lease - Sale and Lease Back
175
CF34
Jun-12
3
Operating Lease - Sale and Lease Back
175
CF34
Jul-12
4
Operating Lease - Sale and Lease Back
175
CF34
Sep-12
1
175
CF34
Nov-12
1
Flybe
Finance Lease
(HEH) Hamburger EmissionsHaus & Cie
190
CF34
Jan-12
1
JetBlue Airways
Loan/Finance/Refinanced
BNDES - Brazilian Development Bank
190
CF34
Mar-12
2
190
CF34
Mar-12
1
190
CF34
Mar-12
2
190
CF34
Jun-12
2
190
CF34
Jun-12
2
190
CF34
Jun-12
2
Hainan Airlines
Loan/Finance/Refinanced
190
CF34
Jun-12
2
JetBlue Airways
Capital Markets
190
CF34
Jun-12
3
JetBlue Airways
Loan/Finance/Refinanced
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
190
CF34
Sep-12
2
Conviasa
ECA / EXIM
190
CF34
Oct-12
2
Air Astana
ECA / EXIM
190
CF34
Oct-12
1
JetBlue Airways
Loan/Finance/Refinanced
190
CF34
Oct-12
1
US Airways
Loan/Finance/Refinanced
190
CF34
Nov-12
1
190
CF34
Nov-12
1
190
CF34
Nov-12
2
Hainan Airlines
Loan/Finance/Refinanced
190
CF34
Nov-12
1
US Airways
Loan/Finance/Refinanced
190
CF34
Dec-12
1
190
CF34
Dec-12
27
GECAS
Capital Markets
195
CF34
Apr-12
2
BOC Aviation
Loan/Finance/Refinanced
195
CF34
May-12
1
Operating Lease - Sale and Lease Back
195
CF34
Oct-12
2
Purchase - Lease Attached
195
CF34
Nov-12
2
Operating Lease - Sale and Lease Back
195
CF34
Dec-12
2
Operating Lease - Sale and Lease Back
737-300
CFM56
Jan-12
1
Purchase
737-300
CFM56
Jan-12
1
Purchase
737-300
CFM56
Jan-12
1
Purchase
737-300
CFM56
Jan-12
1
Purchase
737-300
CFM56
Jan-12
1
Purchase
737-300
CFM56
Jan-12
1
Purchase
737-300
CFM56
Jan-12
1
Purchase
737-300
CFM56
Jan-12
1
Purchase - Lease Attached
737-300
CFM56
Jan-12
22
737-300
CFM56
Jan-12
2
AerSale
Loan/Finance/Refinanced
737-300
CFM56
Jan-12
1
European Aviation
Loan/Finance/Refinanced
737-300
CFM56
Feb-12
1
Purchase
737-300
CFM56
Feb-12
2
Purchase
Operating Lease - Sale and Lease Back
Operating Lease - Sale and Lease Back Purchase - Lease Attached Avolon Aerospace Leasing
Loan/Finance/Refinanced
Helaba Landesbank Hessen Thuringen
Operating Lease - Sale and Lease Back Purchase - Lease Attached
Purchase - Lease Attached BNDES - Brazilian Development Bank
Operating Lease - Sale and Lease Back Purchase
Purchase
DVB Bank
Purchase - Lease Attached
32 | Flightglobal Insight | Aircraft Finance 2013
Wells Fargo Bank
Aircraft finance 2013
NOTE: Pages 32 to 79 should be viewed by selecting View, Page Display, Two Page View and Show Cover Page in Two Page View in Acrobat Reader
Debt provider
Equity providers
Buyer
Seller
Aldus Aviation
Flybe
Jetscape
Alitalia
CIT Aerospace
Alitalia
Aldus Aviation
Flybe
Air Lease Corporation
KLM Royal Dutch Airlines
Macquarie AirFinance
Jetscape
Avolon Aerospace Leasing
Virgin Australia
Avolon Aerospace Leasing
JetBlue Airways
US Airways
Republic Airlines
Undisclosed Bank / Broker / Lessor
Linhas Aereas de Mocambique
US Airways
Republic Airlines
US Airways
Republic Airlines
ORIX Aviation
Azul
Aircastle Advisor
CIT Aerospace
CIT Aerospace
Azul
Aircastle Advisor
Azul
AerSale
The Connecticut National Bank
Cara Capital Corp
AFT 1999-1 ABS Portfolio
GRAF1 (Aviation) WSA
Undisclosed Bank / Broker / Lessor
Infinity Trading & Solutions
N302AW/N303AW Holdings
Jet Time
ORIX Aviation
NordLB
Industrial and Commercial Bank of China (ICBC)
Undisclosed Bank / Broker / Lessor
BNDES - Brazilian Development Bank Undisclosed Bank / Broker / Lessor Undisclosed Bank / Broker / Lessor
China Development Bank Undisclosed Bank / Broker / Lessor
Jet2
Boeing Capital
Swiftair
Jetscape
AerCap
AERCO 2000-1 ABS Portfolio
ORIX Aviation
GECAS
GHS Trade FZE
DGI II
Source One Aircraft Repair
Magnolia Investment
Erste Bank
Source: Aviation Exchange (www.ascendworldwide.com/aviationexchange) Aircraft Finance 2013 |Flightglobal Insight | 33
Aircraft finance 2013
Aircraft finance deals announced in 2012 Aircraft model Engine type Month Number of Customer aircraft
Deal structure
737-300
CFM56
Feb-12
1
Purchase - Lease Attached
737-300
CFM56
Mar-12
1
Purchase
737-300
CFM56
Mar-12
2
Purchase
737-300
CFM56
Mar-12
3
Purchase
737-300
CFM56
Mar-12
1
Purchase
737-300
CFM56
Mar-12
1
Purchase
737-300
CFM56
Mar-12
2
737-300
CFM56
Mar-12
1
SF Airlines
737-300
CFM56
Mar-12
1
SF Airlines
737-300
CFM56
Apr-12
1
Purchase
737-300
CFM56
Apr-12
1
Purchase
737-300
CFM56
Apr-12
1
737-300
CFM56
Apr-12
2
737-300
CFM56
May-12
1
Purchase
737-300
CFM56
May-12
1
Purchase
737-300
CFM56
May-12
1
Purchase
737-300
CFM56
Jun-12
1
Purchase
737-300
CFM56
Jun-12
1
Purchase
737-300
CFM56
Jun-12
1
Purchase
737-300
CFM56
Jul-12
1
Purchase
737-300
CFM56
Jul-12
1
Purchase
737-300
CFM56
Jul-12
4
Purchase
737-300
CFM56
Jul-12
1
Purchase
737-300
CFM56
Jul-12
1
Purchase
737-300
CFM56
Aug-12
1
Purchase
737-300
CFM56
Aug-12
1
Purchase
737-300
CFM56
Aug-12
1
Purchase
737-300
CFM56
Aug-12
1
737-300
CFM56
Aug-12
1
737-300
CFM56
Sep-12
1
Purchase
737-300
CFM56
Sep-12
1
Purchase
737-300
CFM56
Sep-12
2
737-300
CFM56
Sep-12
1
737-300
CFM56
Oct-12
1
Purchase
737-300
CFM56
Oct-12
1
Purchase
737-300
CFM56
Oct-12
1
Purchase
737-300
CFM56
Oct-12
1
Purchase
737-300
CFM56
Oct-12
1
Purchase
737-300
CFM56
Oct-12
1
Purchase
737-300
CFM56
Oct-12
1
Purchase
737-300
CFM56
Oct-12
1
Purchase
737-300
CFM56
Oct-12
2
737-300
CFM56
Oct-12
1
737-300
CFM56
Nov-12
1
Purchase
737-300
CFM56
Nov-12
1
Purchase
737-300
CFM56
Nov-12
1
Purchase
737-300
CFM56
Nov-12
1
Purchase
737-300
CFM56
Nov-12
1
Purchase
737-300
CFM56
Nov-12
2
Purchase
737-300
CFM56
Nov-12
1
Purchase
737-300
CFM56
Nov-12
1
Purchase
737-300
CFM56
Dec-12
1
Purchase
737-300
CFM56
Dec-12
1
Purchase
737-400
CFM56
Jan-12
1
Purchase
737-400
CFM56
Jan-12
1
Purchase
737-400
CFM56
Jan-12
2
Purchase
737-400
CFM56
Jan-12
1
Purchase
Purchase - Lease Attached Finance Lease Finance Lease
Purchase ILFC
Capital Markets
Purchase - Lease Attached CDI Cargo Airlines
Loan/Finance/Refinanced
Purchase Comair (South Africa)
Loan/Finance/Refinanced
Purchase - Lease Attached Comair (South Africa)
34 | Flightglobal Insight | Aircraft Finance 2013
Loan/Finance/Refinanced
Arrangers
Aircraft finance 2013
Debt provider
Equity providers
Buyer
Seller
Kahala Aviation
First Greenwich Kahala
Cargo Air
Boeing Capital
CDI Cargo Airlines
Air China
Innova Investments
China Beijing Gahsm Aviation Supplies Science-Tech
Jet2
GECAS
Jet2
Sojitz Aircraft Leasing
Undisclosed Bank / Broker / Lessor
AWAS
Aergo Capital
LIFT 2001-1 ABS Portfolio
Classic 500
Lufthansa
G Rentals
Varde Partners
Automatic
AirTrust Capital
Nordavia - Regional Airlines
Sojitz Aircraft Leasing
Undisclosed Bank / Broker / Lessor
European Aviation
Jet2
Aergo Capital
Northern Air Cargo
AAG VII
Xunlian Investment Xunxiang Investment
Trigana Air
Aurora Aviation Group
Contrails Capital
Aircastle Advisor
ILFC
SWA
Infinity Trading & Solutions
Southwest Airlines
Infinity Trading & Solutions
Zephyrus Capital
Zephyrus Capital
ACAP 2000-1 ABS Portfolio
Boeing Aircraft Holding
Air Lease Corporation
Global Pripal Finance Company
Pacific Enterprises Leasing
Jetran International
BBAM
Undisclosed Bank / Broker / Lessor
AWAS
AeroTurbine
Aircraft Statutory Trust N532AU
Jetran International
BBAM
MidAmerican Aerospace
Jetran International
Air Lease Corporation
Air China
Air New Zealand
AFT 1999-1 ABS Portfolio
Air New Zealand
ORIX Aviation
Aircraft N532AU
AeroTurbine
Astra Holdings
Engage Aviation
Engage Aviation
Jet Trading And Leasing
Undisclosed Bank / Broker / Lessor
AirTrust Capital
Vx Capital Partners
Air Lease Corporation
Aquiline International Corporation
Source One Aircraft Repai
Aergo Capital
AIRPT 2001-1 ABS Portfolio
Aergo Capital
LIFT 2001-1 ABS Portfolio
AeroTurbine
Aircraft Statutory Trust N533AU
Bulgaria Air
CIT Aerospace
FL Technics (Lithuania)
AerCap
Infinity Trading & Solutions
Southwest Airlines
MidAmerican Aerospace
ACAP 2003-2 ABS Portfolio
Small Planet Airlines (Lithuania)
Volito Aviation Services
Magna Tech Aviation
AeroTurbine
TAG Aviation (Stansted)
AFT 1999-1 ABS Portfolio
Airwork (NZ)
Aurora Leasing
CSDS Aircraft Sales & Leasing
Aircastle Advisor
Jetran International
AIRPT 2001-1 ABS Portfolio
TAG Aviation (Stansted)
GECAS
Bank of Beijing
Investec Bank
Investec Bank
Source: Aviation Exchange (www.ascendworldwide.com/aviationexchange) Aircraft Finance 2013 |Flightglobal Insight | 35
Aircraft finance 2013
Aircraft finance deals announced in 2012 Aircraft model Engine type Month Number of Customer aircraft
Deal structure
737-400
CFM56
Jan-12
1
Purchase - Lease Attached
737-400
CFM56
Jan-12
5
737-400
CFM56
Jan-12
2
737-400
CFM56
Feb-12
1
737-400
CFM56
Feb-12
1
737-400
CFM56
Feb-12
2
737-400
CFM56
Mar-12
4
737-400
CFM56
Mar-12
1
737-400
CFM56
Mar-12
1
737-400
CFM56
Apr-12
1
737-400
CFM56
Apr-12
1
737-400
CFM56
Apr-12
4
ILFC
737-400
CFM56
Apr-12
1
Juliet Romeo Aviation
737-400
CFM56
May-12
1
Purchase - Lease Attached
737-400
CFM56
May-12
1
Purchase - Lease Attached
737-400
CFM56
May-12
1
737-400
CFM56
May-12
1
737-400
CFM56
Jun-12
1
Arrangers
Purchase - Lease Attached Jetran International
Loan/Finance/Refinanced Purchase Purchase - Lease Attached
Comair (South Africa)
Loan/Finance/Refinanced Purchase Purchase
Aviation Technologies
Loan/Finance/Refinanced Purchase Purchase Capital Markets Loan/Finance/Refinanced
Purchase AerSale
Loan/Finance/Refinanced
Wells Fargo Bank
Purchase
737-400
CFM56
Jun-12
1
Purchase
737-400
CFM56
Jun-12
1
Purchase
737-400
CFM56
Jun-12
1
737-400
CFM56
Jul-12
1
Purchase
737-400
CFM56
Aug-12
2
Purchase
737-400
CFM56
Aug-12
3
Purchase
737-400
CFM56
Aug-12
1
Purchase
737-400
CFM56
Aug-12
1
Purchase
737-400
CFM56
Aug-12
1
Purchase - Lease Attached
737-400
CFM56
Sep-12
1
Purchase
737-400
CFM56
Sep-12
1
737-400
CFM56
Sep-12
2
Alaska Airlines
737-400
CFM56
Sep-12
2
Hainan Airlines
737-400
CFM56
Oct-12
1
Purchase
737-400
CFM56
Oct-12
1
Purchase
737-400
CFM56
Oct-12
1
Purchase
737-400
CFM56
Oct-12
2
737-400
CFM56
Oct-12
1
737-400
CFM56
Nov-12
1
Purchase
737-400
CFM56
Nov-12
10
Purchase
737-400
CFM56
Nov-12
1
Purchase
737-400
CFM56
Dec-12
1
Purchase
737-400
CFM56
Dec-12
1
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
737-500
CFM56
Jan-12
1
Purchase
737-500
CFM56
Jan-12
4
Purchase
737-500
CFM56
Jan-12
2
Purchase
737-500
CFM56
Jan-12
4
Purchase
737-500
CFM56
Jan-12
2
737-500
CFM56
Jan-12
1
737-500
CFM56
Feb-12
1
Purchase
737-500
CFM56
Mar-12
1
Purchase
737-500
CFM56
Mar-12
1
Purchase
737-500
CFM56
Mar-12
5
Purchase
737-500
CFM56
Mar-12
1
737-500
CFM56
Mar-12
1
737-500
CFM56
Apr-12
2
Jetran International
Loan/Finance/Refinanced
Purchase Loan/Finance/Refinanced Finance Lease
Purchase Safair Lease Finance
Loan/Finance/Refinanced
Purchase
Purchase - Lease Attached Aero Capital Solutions
Loan/Finance/Refinanced
Purchase Aero Capital Solutions
36 | Flightglobal Insight | Aircraft Finance 2013
Loan/Finance/Refinanced Purchase
Aircraft finance 2013
Debt provider
Equity providers
Buyer
Seller
KAL Aviation
AAR Aircraft Sales & Leasing
ORIX Aviation
GECAS
Juliet Romeo Aviation
CSDS Aircraft Sales & Leasing
Kahala Aviation
First Greenwich Kahala
Japan TransOcean Air
MC Aviation Partners/Mitsubishi Corporation
Jet Aviation FZC
Boeing Capital
ELTA Electronics
AWAS
KAL Aviation
AAR Aircraft Sales & Leasing
VEB-Leasing
AerCap
VEB-Leasing
Aergo Capital
Undisclosed Bank / Broker / Lessor
EAST 2000-1 ABS Portfolio
Batavia Air
AERCO 2000-1 ABS Portfolio
Grand Bank of Texas
Investec Bank
Jim Gallagher S.S
Plainscapital Bank
Jetran International
GECAS
Undisclosed Bank / Broker / Lessor
Qantas
Aero Nusantara Indonesia
TAG Aviation (Stansted)
AAR Aircraft Sales & Leasing
AERCO 2000-1 ABS Portfolio
ASL Aviation Group
Qantas
Enter Air
Volito Aviation Services
SF Airlines
Speed Star ( Hong Kong )
VEB-Leasing
BBAM
AAR Aircraft Sales & Leasing
EAST 2000-1 ABS Portfolio
Allied Air
Prudential Retirement Insurance & Annuity Company
China Postal Airlines
Cosmos Posts&Telecommunications Intl Lsg
Cosmos Posts&Telecommunications Intl Lsg
ILFC
GainJet Aviation
KLM Royal Dutch Airlines
Grandmax Group
Japan TransOcean Air
Aergo Capital
AIRPT 2001-1 ABS Portfolio
Malaysian Airlines
AAR Aircraft Sales & Leasing
Reliance Aircraft International
Penerbangan Malaysia Berhad
SF Airlines
Fast Spread Investment
Undisclosed Bank / Broker / Lessor
Aircraft Solutions
Aero Capital Solutions
Volito Aviation Services
BLF
GECAS
BLF
United Airlines
MidAmerican Aerospace
Apollo Aviation Group
United Airlines
Undisclosed Bank / Broker / Lessor
ORIX Aviation
GECAS
Av-Air
All Nippon Airways
Aero Capital Solutions
Volito Aviation Services
GHS Trade FZE
Aerovista
Nordavia - Regional Airlines
AIRPT 2001-1 ABS Portfolio
United Airlines
Undisclosed Bank / Broker / Lessor
Universal Asset Management
United Airlines
Trustmark National Bank (Texas)
Citibank China Construction Bank
Investec Bank
The Frost National Bank
The Frost National Bank
Source: Aviation Exchange (www.ascendworldwide.com/aviationexchange) Aircraft Finance 2013 |Flightglobal Insight | 37
Aircraft finance 2013
Aircraft finance deals announced in 2012 Aircraft model Engine type Month Number of Customer aircraft
Deal structure
737-500
CFM56
Apr-12
1
Capital Markets
737-500
CFM56
May-12
1
Purchase
737-500
CFM56
May-12
1
Purchase
737-500
CFM56
May-12
2
Purchase
737-500
CFM56
Jun-12
5
Operating Lease - Sale and Lease Back
737-500
CFM56
Jul-12
1
Purchase
737-500
CFM56
Aug-12
1
Purchase
737-500
CFM56
Aug-12
1
Purchase
737-500
CFM56
Aug-12
1
Purchase
737-500
CFM56
Aug-12
1
Purchase
737-500
CFM56
Sep-12
1
Purchase
737-500
CFM56
Oct-12
1
Purchase
737-500
CFM56
Oct-12
4
Purchase
737-500
CFM56
Oct-12
2
737-500
CFM56
Oct-12
2
737-500
CFM56
Nov-12
1
737-500
CFM56
Dec-12
2
737-500
CFM56
Dec-12
2
737-600
CFM56
May-12
1
Purchase
ILFC
Arrangers
Purchase Jetran International
Loan/Finance/Refinanced Purchase Purchase
Jetran International
Loan/Finance/Refinanced
737-600
CFM56
Jun-12
1
Purchase - Lease Attached
737-600
CFM56
Aug-12
1
Purchase - Lease Attached
737-600
CFM56
Dec-12
1
737-700
CFM56
Jan-12
1
BOC Aviation
Loan/Finance/Refinanced
737-700
CFM56
Jan-12
1
ILFC
Capital Markets
737-700
CFM56
Jan-12
15
Rostechnologii Group
Pre Delivery Payment
737-700
CFM56
Feb-12
1
KLM Royal Dutch Airlines
Tax Lease
BBAM
737-700
CFM56
Feb-12
1
KLM Royal Dutch Airlines
Tax Lease
BBAM | DVB Bank
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
737-700
CFM56
Mar-12
2
BOC Aviation
Loan/Finance/Refinanced
737-700
CFM56
Mar-12
1
China Southern Airlines
Loan/Finance/Refinanced
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
737-700
CFM56
Jun-12
1
Purchase - Lease Attached
737-700
CFM56
Jun-12
1
737-700
CFM56
Jun-12
2
737-700
CFM56
Sep-12
2
Purchase
737-700
CFM56
Oct-12
2
Purchase
737-700
CFM56
Oct-12
1
Purchase
737-700
CFM56
Oct-12
2
737-700
CFM56
Oct-12
2
China Eastern Airlines
Loan/Finance/Refinanced
737-700
CFM56
Oct-12
2
Virgo
Loan/Finance/Refinanced
737-700
CFM56
Nov-12
2
Purchase
737-700
CFM56
Nov-12
1
Purchase - Lease Attached
737-700
CFM56
Nov-12
1
Purchase - Lease Attached
737-700
CFM56
Nov-12
1
737-700
CFM56
Dec-12
2
DAE Capital
Loan/Finance/Refinanced
737-700
CFM56
Dec-12
20
GECAS
Capital Markets
737-800
CFM56
Jan-12
1
Operating Lease - Sale and Lease Back
737-800
CFM56
Jan-12
3
Operating Lease - Sale and Lease Back
737-800
CFM56
Jan-12
5
Operating Lease - Sale and Lease Back
737-800
CFM56
Jan-12
1
Purchase
737-800
CFM56
Jan-12
1
Purchase - Lease Attached
737-800
CFM56
Jan-12
1
737-800
CFM56
Jan-12
1
Purchase - Lease Attached
Purchase - Lease Attached
Purchase - Lease Attached Volito Aviation Services
Loan/Finance/Refinanced
Purchase - Lease Attached DVB Bank
Purchase - Lease Attached DVB Bank| PK AirFinance
Purchase - Lease Attached AWAS
38 | Flightglobal Insight | Aircraft Finance 2013
Loan/Finance/Refinanced
Helaba Landesbank Hessen Thuringen
Aircraft finance 2013
Debt provider
Equity providers
Buyer
Seller
ARC Avionics Corp
CIT Aerospace
BLF
United Airlines
Universal Asset Management
United Airlines
Sberbank Leasing
UTair
Marsland
Aerovista
All Nippon Airways
BBAM
Buraq Air
GECAS
European Aviation
Jeritt
Marana Aerospace Solutions
ARC Avionics
Sibit.1
Sojitz Aircraft Leasing
Aero Capital Solutions
Volito Aviation Services
airBaltic
Marron Ventures
Jetran International
GECAS
Air North
AERCO 2000-1 ABS Portfolio
BLF
United Airlines
Grand Bank of Texas
Jione Financial AMES-CAMO
Austrian
Apollo Aviation Group
First Greenwich Kahala
Infinity Aviation Capital
Lease Corporation International
Apollo Aviation Group
BBAM
BBAM
CIT Aerospace
Citicorp North America
Alaska Airlines
Banc of America Leasing & Capital
GECAS
MD Aviation Capital
FLY Leasing
Magellan Group
Bavaria Intl Aircraft Leasing & Co
Air Do
All Nippon Airways
Intertrade
PALS 1999-1 ABS Portfolio
Virgo
Guggenheim Aviation Partners
GA Innovation China
Apollo Aviation Group
Undisclosed Bank / Broker / Lessor
Q Aviation
BOC Aviation
Continuity Air Finance VII
BOC Aviation
Continuity Air Finance VII
Avolon Aerospace Leasing
Ryanair
China Aircraft Leasing
Shandong Airlines
MC Aviation Partners/Mitsubishi Corporation
Jet Airways
VEB-Leasing
Aircraft Leasing & Management
Grus Liability
Sumisho Aircraft Asset Management
Undisclosed Bank / Broker / Lessor
Volito Aviation Services
NordLB Bank of Moscow Nomura Babcock & Brown Nomura Babcock & Brown
Development Bank of Japan Bank of China
GE Japan
China Development Bank
Source: Aviation Exchange (www.ascendworldwide.com/aviationexchange) Aircraft Finance 2013 |Flightglobal Insight | 39
Aircraft finance 2013
Aircraft finance deals announced in 2012 Aircraft model Engine type Month Number of Customer aircraft
Deal structure
Arrangers
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
737-800
CFM56
Jan-12
3
Korean Air
Finance Lease
737-800
CFM56
Jan-12
1
Lion Air
ECA / EXIM
737-800
CFM56
Jan-12
2
Pegasus Airlines
ECA / EXIM
737-800
CFM56
Jan-12
25
Rostechnologii Group
Pre Delivery Payment
737-800
CFM56
Jan-12
1
Shenzhen Airlines
Loan/Finance/Refinanced
737-800
CFM56
Jan-12
2
WestJet
ECA / EXIM
737-800
CFM56
Feb-12
1
Operating Lease - Sale and Lease Back
737-800
CFM56
Feb-12
1
Operating Lease - Sale and Lease Back
737-800
CFM56
Feb-12
1
Operating Lease - Sale and Lease Back
737-800
CFM56
Feb-12
1
Operating Lease - Sale and Lease Back
737-800
CFM56
Feb-12
1
Purchase
737-800
CFM56
Feb-12
5
Purchase - Lease Attached
737-800
CFM56
Feb-12
2
737-800
CFM56
Feb-12
4
Avolon Aerospace Leasing
ECA / EXIM
737-800
CFM56
Feb-12
5
AWAS
Loan/Finance/Refinanced
737-800
CFM56
Feb-12
3
China Southern Airlines
737-800
CFM56
Mar-12
2
Operating Lease - Sale and Lease Back
737-800
CFM56
Mar-12
2
Operating Lease - Sale and Lease Back
737-800
CFM56
Mar-12
1
Purchase - Lease Attached
737-800
CFM56
Mar-12
1
Purchase - Lease Attached
737-800
CFM56
Mar-12
1
737-800
CFM56
Mar-12
1
Air China
Loan/Finance/Refinanced
737-800
CFM56
Mar-12
1
China Southern Airlines
Loan/Finance/Refinanced
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
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
737-800
CFM56
Mar-12
1
Shenzhen Airlines
Loan/Finance/Refinanced
737-800
CFM56
Mar-12
3
Shenzhen Airlines
Loan/Finance/Refinanced
737-800
CFM56
Mar-12
1
United Airlines
737-800
CFM56
Apr-12
1
Operating Lease - Sale and Lease Back
737-800
CFM56
Apr-12
1
Purchase
737-800
CFM56
Apr-12
1
737-800
CFM56
Apr-12
2
Hainan Airlines
ECA / EXIM
737-800
CFM56
Apr-12
3
ILFC
Capital Markets
ILFC
Loan/Finance/Refinanced
Deutsche Bank AG| Korea Development Bank| CIC Bank JP Morgan Chase Bank
TD Bank
Purchase - Lease Attached
Loan/Finance/Refinanced
Purchase - Lease Attached
Loan/Finance/Refinanced
Purchase - Lease Attached China Exim Bank
737-800
CFM56
Apr-12
7
737-800
CFM56
May-12
2
Operating Lease - Sale and Lease Back
737-800
CFM56
May-12
1
Operating Lease - Sale and Lease Back
737-800
CFM56
May-12
2
Operating Lease - Sale and Lease Back
737-800
CFM56
May-12
1
Purchase
737-800
CFM56
May-12
2
Purchase - Lease Attached
737-800
CFM56
May-12
1
Purchase - Lease Attached
737-800
CFM56
May-12
1
737-800
CFM56
May-12
3
Aeromexico
ECA / EXIM
737-800
CFM56
May-12
3
Aviation Capital Group
Capital Markets
737-800
CFM56
May-12
1
Aviation Capital Group
ECA / EXIM
737-800
CFM56
May-12
2
Avolon Aerospace Leasing
Loan/Finance/Refinanced
737-800
CFM56
May-12
2
CDB Leasing
Loan/Finance/Refinanced
737-800
CFM56
May-12
2
China Southern Airlines
Tax Lease
BBAM
737-800
CFM56
May-12
1
China Southern Airlines
Tax Lease
BBAM
737-800
CFM56
May-12
1
CIT Aerospace
ECA / EXIM
DVB Bank
Purchase - Lease Attached
737-800
CFM56
May-12
1
Jackson Square Aviation
Loan/Finance/Refinanced
737-800
CFM56
May-12
1
Shandong Airlines
Loan/Finance/Refinanced
737-800
CFM56
May-12
1
Titan Aviation Leasing
Loan/Finance/Refinanced
737-800
CFM56
May-12
2
Turkish Airlines
Tax Lease
40 | Flightglobal Insight | Aircraft Finance 2013
HSBC Bank Mitsubishi UFJ Financial Group
KfW IPEX-Bank|Credit Agricole Corporate and Investment Bank|BNP Paribas
DVB Bank
Aircraft finance 2013
Debt provider
Equity providers
Buyer
Seller
AWAS
GOL Linhas Aereas Inteligentes
BBAM
TUI Aviation
GECAS
American Airlines
MC Aviation Partners/Mitsubishi Corporation
SpiceJet
SpiceJet
Air Berlin
AWAS
GECAS
Santos Dumont Aircraft Management
RBS Aviation Capital
Goiania Comercio E Servicos Internacionais Lda
Aerosvit Airlines
Jackson Square Aviation
Virgin Australia
Aircastle Advisor
GECAS
CIAF-Leasing
ACAP 2005-3 ABS Portfolio
Mitsubishi UFJ Lease & Finance
RBS Aviation Capital
MC Aviation Partners/Mitsubishi Corporation
SpiceJet
SpiceJet
Air Berlin
ORIX Aviation
RBS Aviation Capital
Avolon Aerospace Leasing
Jet Airways
GECAS
Lion Air
Pembroke Group
FlyDubai
VTB-Leasing
BBAM
ICBC Leasing
RBS Aviation Capital
ORIX Aviation
Aviation Capital Group
ORIX Aviation
SMBC Aviation Capital
China Development Bank Korea Development Bank| Deutsche Bank AG| CIC Bank Northern Sky Investments 1F JP Morgan Chase Bank Bank of Moscow Bank of China
TD Bank NordLB| Wells Fargo Bank Bank of China
Bank of China Bank of China Credit Agricole Corporate and Investment Bank Nomura Babcock & Brown Bank of China Industrial and Commercial Bank of China (ICBC) Undisclosed Bank / Broker / Lessor
Citibank| HSBC Bank | Banco Nacional de Mexico
DVB Bank Shanghai Pudong Development Bank Nomura Babcock & Brown DBS Bank
Nomura Babcock & Brown
PEFCO Industrial and Commercial Bank of China (ICBC) Helaba Landesbank Hessen Thuringen
Source: Aviation Exchange (www.ascendworldwide.com/aviationexchange) Aircraft Finance 2013 |Flightglobal Insight | 41
Aircraft finance 2013
Aircraft finance deals announced in 2012 Aircraft model Engine type Month Number of Customer aircraft
Deal structure
Arrangers
737-800
CFM56
Jun-12
2
Operating Lease - Sale and Lease Back
737-800
CFM56
Jun-12
1
Operating Lease - Sale and Lease Back
737-800
CFM56
Jun-12
2
Operating Lease - Sale and Lease Back
737-800
CFM56
Jun-12
1
Purchase
737-800
CFM56
Jun-12
2
Purchase
737-800
CFM56
Jun-12
2
Purchase - Lease Attached
737-800
CFM56
Jun-12
1
Purchase - Lease Attached
737-800
CFM56
Jun-12
1
Purchase - Lease Attached
737-800
CFM56
Jun-12
1
737-800
CFM56
Jun-12
1
AWAS
Capital Markets
737-800
CFM56
Jun-12
3
AWAS
ECA / EXIM
Natixis
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
737-800
CFM56
Jun-12
2
Comair (South Africa)
ECA / EXIM
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
737-800
CFM56
Jun-12
2
Virgin Australia
Loan/Finance/Refinanced
737-800
CFM56
Jun-12
2
Volito Aviation Services
Loan/Finance/Refinanced
737-800
CFM56
Jul-12
1
Aviation Capital Group
ECA / EXIM
737-800
CFM56
Jul-12
1
Operating Lease - Sale and Lease Back
737-800
CFM56
Jul-12
2
Operating Lease - Sale and Lease Back
737-800
CFM56
Jul-12
3
Operating Lease - Sale and Lease Back
737-800
CFM56
Jul-12
1
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
737-800
CFM56
Aug-12
4
737-800
CFM56
Aug-12
2
737-800
CFM56
Aug-12
2
AerCap
Loan/Finance/Refinanced
737-800
CFM56
Aug-12
3
ASL Aviation Group
Loan/Finance/Refinanced
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
737-800
CFM56
Sep-12
5
Operating Lease - Sale and Lease Back
737-800
CFM56
Sep-12
2
Operating Lease - Sale and Lease Back
737-800
CFM56
Sep-12
5
Operating Lease - Sale and Lease Back
737-800
CFM56
Sep-12
1
Purchase
737-800
CFM56
Sep-12
2
Purchase - Lease Attached
737-800
CFM56
Sep-12
1
737-800
CFM56
Sep-12
1
Air China
Loan/Finance/Refinanced
737-800
CFM56
Sep-12
1
AWAS
ECA / EXIM
737-800
CFM56
Sep-12
2
AWAS
Loan/Finance/Refinanced
737-800
CFM56
Sep-12
2
BoCom Leasing
Loan/Finance/Refinanced
737-800
CFM56
Sep-12
3
CDB Leasing
Tax Lease
737-800
CFM56
Sep-12
3
FlyDubai
ECA / EXIM
737-800
CFM56
Oct-12
1
Aviation Capital Group
ECA / EXIM
737-800
CFM56
Oct-12
1
Operating Lease - Sale and Lease Back
737-800
CFM56
Oct-12
4
Operating Lease - Sale and Lease Back
737-800
CFM56
Oct-12
3
Operating Lease - Sale and Lease Back
737-800
CFM56
Oct-12
6
Operating Lease - Sale and Lease Back
737-800
CFM56
Oct-12
1
Purchase - Lease Attached
737-800
CFM56
Oct-12
1
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
737-800
CFM56
Oct-12
1
AWAS
Loan/Finance/Refinanced
DVB Bank
Purchase - Lease Attached
Mitsubishi UFJ Financial Group
Purchase
Mitsubishi UFJ Financial Group
Operating Lease - Sale and Lease Back Purchase - Lease Attached UBS
Purchase - Lease Attached
JP Morgan Chase Bank Deutsche Bank AG| CIC Bank Mitsubishi UFJ Financial Group
Purchase - Lease Attached
42 | Flightglobal Insight | Aircraft Finance 2013
Aircraft finance 2013
Debt provider
Equity providers
Buyer
Seller
CDB Leasing
Lion Air
GECAS
Lion Air
Jackson Square Aviation
Air Berlin
Blade Leasing
Mitsui Bussan Aerospace
Orenair
Air Berlin
Aircastle Advisor
CIT Aerospace
Aircastle Advisor
Santos Dumont Aircraft Management
ORIX Aviation
SMBC Aviation Capital
Santos Dumont Aircraft Management
DEFAG Leasing
CIT Aerospace
GOL Linhas Aereas Inteligentes
GECAS
Air Berlin
Pembroke Group
Malaysia Airlines
Hainan Airlines
ICBC Leasing
Aircastle Advisor
Jet Airways
FLY Leasing
BBAM
Avolon Aerospace Leasing
American Airlines
CCB Financial Leasing Corporation
Shenzhen Airlines
PEFCO Commerzbank
Yamasa Co
PEFCO
PEFCO Credit Agricole Corporate and Investment Bank GE Japan
FirstRand Bank
China Everbright Bank
GECAS
Lion Air
Hebei Airlines
Xiamen Airlines
BoCom Leasing
GECAS
Orix
Avolon Aerospace Leasing
GECAS
Air Berlin
GECAS
GOL Linhas Aereas Inteligentes
Macquarie AirFinance
Austrian
Sojitz Aircraft Leasing
Transavia Airlines
AWAS
CIT Aerospace
Chishima Real Estate
ORIX Aviation
Bank of China PEFCO Bank of China Deutsche Bank AG PEFCO
RPK Capital Management Group
Source: Aviation Exchange Aircraft Finance 2013 |Flightglobal Insight | 43
Aircraft finance 2013
Aircraft finance deals announced in 2012 Aircraft model Engine type Month Number of Customer aircraft
Deal structure
Arrangers
737-800
CFM56
Oct-12
1
China Eastern Airlines
Loan/Finance/Refinanced
737-800
CFM56
Oct-12
1
KLM Royal Dutch Airlines
Tax Lease
737-800
CFM56
Oct-12
1
KLM Royal Dutch Airlines
Tax Lease
Credit Agricole Corporate and Investment Bank
737-800
CFM56
Oct-12
1
KLM Royal Dutch Airlines
Tax Lease
Credit Agricole Corporate and Investment Bank|Korea Development Bank
737-800
CFM56
Oct-12
1
United Airlines
Loan/Finance/Refinanced
737-800
CFM56
Nov-12
1
Aviation Capital Group
ECA / EXIM
737-800
CFM56
Nov-12
8
Operating Lease - Sale and Lease Back
737-800
CFM56
Nov-12
6
Operating Lease - Sale and Lease Back
737-800
CFM56
Nov-12
2
Operating Lease - Sale and Lease Back
737-800
CFM56
Nov-12
1
Purchase
737-800
CFM56
Nov-12
1
Purchase
737-800
CFM56
Nov-12
1
Purchase - Lease Attached
737-800
CFM56
Nov-12
1
Purchase - Lease Attached
737-800
CFM56
Nov-12
1
737-800
CFM56
Nov-12
2
AWAS
Loan/Finance/Refinanced
737-800
CFM56
Nov-12
4
Shandong Airlines
Loan/Finance/Refinanced
737-800
CFM56
Nov-12
2
TUI Aviation
Tax Lease
BBAM | Natixis
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
737-800
CFM56
Dec-12
1
Operating Lease - Sale and Lease Back
737-800
CFM56
Dec-12
3
Operating Lease - Sale and Lease Back
737-800
CFM56
Dec-12
3
Operating Lease - Sale and Lease Back
737-800
CFM56
Dec-12
1
Purchase
737-800
CFM56
Dec-12
4
Purchase
737-800
CFM56
Dec-12
1
Purchase
737-800
CFM56
Dec-12
1
Purchase - Lease Attached
737-800
CFM56
Dec-12
1
Purchase - Lease Attached
737-800
CFM56
Dec-12
1
Purchase - Lease Attached
737-800
CFM56
Dec-12
1
Purchase - Lease Attached
737-800
CFM56
Dec-12
2
Purchase - Lease Attached
737-800
CFM56
Dec-12
1
737-800
CFM56
Dec-12
10
AerCap
Pre Delivery Payment
737-800
CFM56
Dec-12
2
Avolon Aerospace Leasing
Loan/Finance/Refinanced
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
737-800
CFM56
Dec-12
2
Investec Aircraft Syndicate
Loan/Finance/Refinanced
737-800
CFM56
Dec-12
1
Luxair
Finance Lease
737-800
CFM56
Dec-12
4
Shenzhen Airlines
Loan/Finance/Refinanced
737-800
CFM56
Dec-12
10
TUI Aviation
Pre Delivery Payment
737-800
CFM56
Dec-12
1
Xiamen Airlines
Loan/Finance/Refinanced
737-900
CFM56
Jan-12
2
El Al
Pre Delivery Payment
737-900
CFM56
Jan-12
10
Rostechnologii Group
Pre Delivery Payment
737-900
CFM56
Jan-12
7
Turkish Airlines
ECA / EXIM
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
737-900
CFM56
Aug-12
2
737-900
CFM56
Sep-12
18
737-900
CFM56
Nov-12
3
747-400
CF6
Jan-12
2
747-400
CF6
Jan-12
6
AerSale
Loan/Finance/Refinanced
747-400
CF6
Jan-12
1
ILFC
Capital Markets
747-400
PW4000
Feb-12
1
BNP Paribas| DBS Bank
Mitsubishi UFJ Financial Group
Operating Lease - Sale and Lease Back DVB Bank
Purchase - Lease Attached
DVB Bank
ING Bank|NordLB
TD Bank
Operating Lease - Sale and Lease Back Continental Airlines
Capital Markets Operating Lease - Sale and Lease Back Purchase
44 | Flightglobal Insight | Aircraft Finance 2013
Purchase
Wells Fargo Bank
Aircraft finance 2013
Debt provider
Equity providers
Buyer
Seller
BOC Aviation
GOL Linhas Aereas Inteligentes
BOC Aviation
Lion Air
SMBC Aviation Capital
GOL Linhas Aereas Inteligentes
Killick Aerospace
Austrian
ST Aerospace Engines
Jet Airways
AWAS
Undisclosed Bank / Broker / Lessor
ORIX Aviation
AWAS
BoCom Leasing
Hainan Airlines
Avolon Aerospace Leasing
Ryanair
AWAS
Air Berlin
AWAS
KLM Royal Dutch Airlines
Hong Kong Aviation Capital
Hainan Airlines
Hebei Airlines
Hainan Airlines
Japan Airlines
GECAS
Killick Aerospace
Austrian
AWAS
BBAM
AWAS
CIT Aerospace
AWAS
Undisclosed Bank / Broker / Lessor
ICBC Leasing
SMBC Aviation Capital
Investec Aircraft Syndicate
GECAS
Pembroke Group
SMBC Aviation Capital
Jackson Square Aviation
Lion Air
BOC Aviation
Lion Air
Deucalion Aviation Funds
Lufthansa
Scaled Composites
United Airlines
China Development Bank BOT Lease Credit Agricole Corporate and Investment Bank| Korea Development Bank
Undisclosed Bank / Broker / Lessor
DVB Bank China Development Bank Nomura Babcock & Brown
DBS Bank Commonwealth Bank of Australia
Hong Kong Aviation Capital NordLB Ellege Lgit Bank of China China Development Bank ING Bank Bank of Moscow ING Bank| NordLB
Source: Aviation Exchange Aircraft Finance 2013 |Flightglobal Insight | 45
Aircraft finance 2013
Aircraft finance deals announced in 2012 Aircraft model Engine type Month Number of Customer aircraft
Deal structure
747-400
PW4000
Mar-12
1
Purchase
747-400
CF6
May-12
4
Purchase
747-400
CF6
May-12
1
Purchase
747-400
PW4000
May-12
1
747-400
CF6
May-12
4
747-400
PW4000
Jun-12
1
Purchase
747-400
PW4000
Jun-12
2
Purchase - Lease Attached
747-400
CF6
Aug-12
1
Purchase
747-400
PW4000
Aug-12
1
Purchase
747-400
PW4000
Sep-12
1
Purchase
747-400
RB211
Sep-12
2
Purchase
747-400
PW4000
Oct-12
1
Purchase
747-400
RB211
Oct-12
1
Purchase
747-400
RB211
Oct-12
1
747-400
PW4000
Oct-12
1
747-400
PW4000
Nov-12
1
Purchase
747-400
RB211
Nov-12
1
Purchase
747-400
PW4000
Dec-12
1
Purchase
747-400
PW4000
Dec-12
1
747-400
PW4000
Dec-12
1
747-400 Combi
CF6
Jul-12
1
Purchase
747-400 Combi
CF6
Aug-12
1
Purchase
747-400 Combi
CF6
Oct-12
1
Purchase
747-400 Combi
CF6
Nov-12
1
747-400 Combi
CF6
Nov-12
1
747-400BCF
PW4000
Apr-12
1
747-400ER
CF6
Mar-12
2
Atlas Air
Loan/Finance/Refinanced
747-400ERF
CF6
Jan-12
1
ILFC
Capital Markets
Korean Air
Arrangers
Purchase Deucalion Aviation Funds
Loan/Finance/Refinanced
DVB Bank
Purchase AerSale
Loan/Finance/Refinanced
Wells Fargo Bank
Purchase AerSale
Loan/Finance/Refinanced
Wells Fargo Bank
Purchase AerSale
Loan/Finance/Refinanced
Wells Fargo Bank
Purchase
747-400ERF
PW4000
Jan-12
1
747-400F
CF6
Jun-12
1
Finance Lease
747-400F
CF6
Dec-12
3
747-400SF
CF6
Jan-12
1
747-400SF
CF6
Jan-12
1
747-400SF
PW4000
May-12
1
747-400SF
CF6
Dec-12
3
747-8F
GEnx
Jan-12
5
AirBridgeCargo
Finance Lease
747-8F
GEnx
Jan-12
6
Atlas Air
ECA / EXIM
CIT Aerospace Deutsche Bank AG|Korea Development Bank|CIC Bank
Purchase - Lease Attached GECAS
Capital Markets Purchase
KV Aviation
Loan/Finance/Refinanced
DVB Bank
Purchase Purchase - Lease Attached Citibank| DVB Bank| HSBC Bank | NordLB
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
747-8F
GEnx
Dec-12
1
Atlas Air
Capital Markets
747-8F
GEnx
Dec-12
1
Korean Air
ECA / EXIM
747-8F
GEnx
Dec-12
1
Nippon Cargo Airlines
Operating Lease - Sale and Lease Back
747-8I
GEnx
Apr-12
1
Lufthansa
Finance Lease
BNP Paribas
747-8I
GEnx
Jun-12
1
Lufthansa
Tax Lease
BBAM
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
757-200
RB211
Feb-12
1
Purchase
757-200
RB211
Mar-12
1
Purchase
757-200
RB211
Mar-12
1
Purchase
757-200
RB211
Mar-12
1
Purchase
757-200
RB211
Mar-12
1
Purchase
757-200
RB211
Mar-12
2
757-200
PW2000
Mar-12
6
757-200
PW2000
Apr-12
1
Goldman Sachs & Co| Credit Agricole Corporate and Investment Bank
Purchase - Lease Attached Delta Air Lines
46 | Flightglobal Insight | Aircraft Finance 2013
Loan/Finance/Refinanced Purchase
JP Morgan Chase Bank
Aircraft finance 2013
Debt provider
Equity providers
Buyer
Seller
Scaled Composites
United Airlines
Deucalion Aviation Funds
All Nippon Airways
Orient Thai Airlines
ILFC
VEB-Leasing
Singapore Airlines
Air Atlanta Icelandic
Rabobank
Undisclosed Bank / Broker / Lessor
Q Aviation
EirTrade Aviation Ireland
AWAS
VEB-Leasing
Singapore Airlines
Boeing Aircraft Holding
Korean Air
GA Telesis
Cathay Pacific
AerSale
Penerbangan Malaysia Berhad
Av-Air
Hong Kong Aviation Capital
GA Telesis
AWAS
Midair
Aircastle Advisor
Undisclosed Bank / Broker / Lessor
Hong Kong Aviation Capital
DVB Bank
AerSale
Penerbangan Malaysia Berhad
Universal Asset Management
United Airlines
Deucalion Aviation Funds
Lufthansa
Deucalion Aviation Funds
Lufthansa
Deucalion Aviation Funds
Lufthansa
AerSale
EVA Air
Boeing Aircraft Holding
Korean Air
Aircastle Advisor
Deucalion Aviation Funds
KV Aviation
Deucalion Aviation Funds
Air China Cargo
Cathay Pacific
Undisclosed Bank / Broker / Lessor
CDB Leasing
United States Air Force
L-3 Communications Advanced Aviation
PrivatAir
British Airways
Icelandair
American Airlines
Jet2
ACAP 2000-1 ABS Portfolio
Omni Air International
Aviation Capital Group
TES Parts
El Al
Aerolease International
Volito Aviation Services
FedEx
Aerolease International
CIT Bank Korea Development Bank| Deutsche Bank CIC Bank
Apple Bank
PEFCO
The Bank of Mitsubishi Tokyo BNP Paribas Nomura Babcock & Brown
Source: Aviation Exchange Aircraft Finance 2013 |Flightglobal Insight | 47
Aircraft finance 2013
Aircraft finance deals announced in 2012 Aircraft model Engine type Month Number of Customer aircraft
Deal structure
757-200
RB211
Apr-12
1
Purchase
757-200
RB211
Apr-12
1
757-200
PW2000
Apr-12
1
Delta Air Lines
Loan/Finance/Refinanced
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
757-200
RB211
May-12
1
Purchase
757-200
RB211
May-12
2
Purchase
757-200
RB211
May-12
1
Purchase
757-200
RB211
May-12
1
Purchase
757-200
RB211
May-12
1
Purchase - Lease Attached
757-200
RB211
Jun-12
1
Purchase
757-200
RB211
Jun-12
1
Purchase
757-200
RB211
Jun-12
1
Purchase
757-200
RB211
Jun-12
1
757-200
RB211
Jun-12
2
Allegiant Air
Loan/Finance/Refinanced
757-200
PW2000
Jun-12
1
Delta Air Lines
Capital Markets
757-200
RB211
Jul-12
1
757-200
RB211
Jul-12
1
Purchase
757-200
RB211
Jul-12
6
Purchase
757-200
RB211
Jul-12
1
757-200
PW2000
Aug-12
1
Purchase
757-200
RB211
Aug-12
1
Purchase
757-200
RB211
Aug-12
1
Purchase
757-200
PW2000
Sep-12
2
Purchase
757-200
PW2000
Sep-12
1
Purchase
757-200
RB211
Sep-12
1
Purchase
757-200
RB211
Sep-12
2
757-200
PW2000
Sep-12
1
757-200
PW2000
Oct-12
1
Purchase
757-200
PW2000
Oct-12
1
Purchase
757-200
RB211
Oct-12
1
Purchase
757-200
RB211
Oct-12
1
Purchase
757-200
RB211
Nov-12
1
Purchase
757-200
PW2000
Dec-12
1
Operating Lease - Sale and Lease Back
757-200
RB211
Dec-12
1
Purchase
757-200
RB211
Dec-12
1
Purchase
757-200
RB211
Dec-12
1
Purchase
757-200
RB211
Dec-12
1
Purchase
757-200
RB211
Dec-12
1
Purchase
757-200
RB211
Dec-12
2
757-200
PW2000
Dec-12
15
757-200 Combi
RB211
Dec-12
3
757-200F
RB211
Mar-12
1
SF Airlines
757-200F
RB211
Mar-12
1
SF Airlines
757-200F
RB211
Jun-12
1
Purchase - Lease Attached
757-200F
RB211
Aug-12
1
Purchase
757-300
RB211
Apr-12
11
757-300
RB211
May-12
11
767-200
JT9D
Apr-12
10
Purchase
767-200ER
JT9D
Feb-12
1
Purchase
767-200ER
PW4000
Mar-12
1
Purchase
767-200ER
PW4000
Mar-12
1
Purchase
767-200ER
JT9D
Apr-12
7
Purchase
767-200ER
CF6
May-12
8
Purchase
767-200ER
CF6
Jun-12
1
767-200ERF
CF6
Nov-12
1
Arrangers
Purchase
Purchase - Lease Attached
Purchase
Global Knafaim Leasing
Loan/Finance/Refinanced
Purchase Apollo Aviation Group
Loan/Finance/Refinanced
Purchase - Lease Attached United Airlines
Loan/Finance/Refinanced Purchase Finance Lease Finance Lease
Operating Lease - Sale and Lease Back Guggenheim Aviation Partners
Loan/Finance/Refinanced
DVB Bank| Deutsche Bank
Purchase - Lease Attached GECAS
48 | Flightglobal Insight | Aircraft Finance 2013
Loan/Finance/Refinanced
PK AirFinance
Aircraft finance 2013
Debt provider
Equity providers
Buyer
Seller
CIT Aerospace
UnionBanCal Leasing
FedEx
ILFC
Undisclosed Bank / Broker / Lessor
WWTAI AirOpCo 1 Bermuda
American Airlines
Dougherty Equipment Finance
FedEx
ILFC
GA Telesis
Security Pacific Equipment Leasing
Jet2
Aviation Leasing
Undisclosed Bank / Broker / Lessor
Aircastle Advisor
FedEx
ILFC
FedEx
PALS 1999-1 ABS Portfolio
Wendell R Parish
Bay 2 Bay Leasing
GA Telesis
Gaucho 2
FedEx
AWAS
Wells Fargo Equipment Finance
Wells Fargo Equipment Finance
L-3 Communications Advanced Aviation
Wendell R Parish
United Airlines
Philip Morris Capital
FedEx
PALS 2000-1 ABS Portfolio
L-3 Communications Advanced Aviation
Wendell R Parish
Wendell R Parish
GA Telesis
Aerolease International
SkyWorks Leasing
United Airlines
CIT Aerospace
FedEx
PALS 1999-1 ABS Portfolio
US Bank
Undisclosed Bank / Broker / Lessor
FedEx
Aerolease International
United Airlines
CIT Aerospace
FedEx
ILFC
FedEx
Omni Air International
FedEx
ILFC
Undisclosed Bank / Broker / Lessor
United Airlines
Brickell Asset Management
US Bank
FedEx
AERCO 2000-1 ABS Portfolio
FedEx
TES Parts
Icelandair
US Bank
JALUX Americas
US Bancorp Equipment Finance
GA Telesis
US Bank
Cargo Aircraft Management
National Airlines
DHL Aviation (Netherlands)
Boeing Capital
SF Airlines
Air China
Guggenheim Aviation Partners
Condor
Jet Midwest
Air Canada
Atom Airways
West Dover
Aeromexico
LAN Airlines
AeroTurbine
AWAS
Jet Midwest
Air Canada
BLF
United Airlines
Aircraft Solutions
Aisling Airlease (No 5)
Union Bank of Israel
Undisclosed Bank / Broker / Lessor
Lease Aircraft Trust Series 2012-1 Xunlian Investment Xunyin Investment
Source: Aviation Exchange Aircraft Finance 2013 |Flightglobal Insight | 49
Aircraft finance 2013
Aircraft finance deals announced in 2012 Aircraft model Engine type Month Number of Customer aircraft
Deal structure
Arrangers
767-300
PW4000
Jan-12
2
Purchase
767-300
CF6
Mar-12
1
Purchase
767-300
JT9D
Sep-12
1
Purchase
767-300ER
PW4000
Jan-12
1
767-300ER
CF6
Jan-12
7
ILFC
Capital Markets
767-300ER
PW4000
Jan-12
2
ILFC
Capital Markets
767-300ER
CF6
Feb-12
1
767-300ER
CF6
Feb-12
1
767-300ER
CF6
Feb-12
1
All Nippon Airways
767-300ER
PW4000
Feb-12
2
Uzbekistan Airways
767-300ER
CF6
Mar-12
1
767-300ER
CF6
Mar-12
3
Atlas Air
Loan/Finance/Refinanced
CIT Aerospace
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
767-300ER
CF6
Mar-12
1
LAN Airlines
767-300ER
PW4000
Apr-12
6
767-300ER
CF6
Apr-12
2
ILFC
767-300ER
PW4000
Apr-12
3
ILFC
767-300ER
CF6
May-12
2
Operating Lease - Sale and Lease Back
767-300ER
CF6
May-12
2
Purchase
767-300ER
PW4000
Jun-12
2
Purchase - Lease Attached
767-300ER
RB211
Jun-12
1
767-300ER
PW4000
Jun-12
8
Delta Air Lines
Capital Markets
767-300ER
CF6
Jun-12
9
LAN Airlines
ECA / EXIM
767-300ER
RB211
Aug-12
1
Operating Lease - Sale and Lease Back
767-300ER
RB211
Aug-12
1
Purchase
767-300ER
CF6
Sep-12
1
Purchase - Lease Attached
767-300ER
PW4000
Nov-12
1
767-300ER
PW4000
Nov-12
1
767-300ER
PW4000
Dec-12
2
767-300ER
RB211
Dec-12
1
767-300ER
RB211
Dec-12
1
AerSale
Loan/Finance/Refinanced
767-300ERF
CF6
Jan-12
1
UPS Airlines
Finance Lease
767-300ERF
CF6
Feb-12
1
UPS Airlines
Finance Lease
767-300ERF
CF6
Mar-12
1
UPS Airlines
Finance Lease
767-300ERF
CF6
Apr-12
2
UPS Airlines
Finance Lease
767-300ERF
CF6
May-12
1
UPS Airlines
Finance Lease
767-300ERF
CF6
Dec-12
1
UPS Airlines
Finance Lease
767-400ER
CF6
Jun-12
6
Delta Air Lines
Capital Markets
777-200
Trent
Oct-12
2
American Airlines
Loan/Finance/Refinanced
777-200ER
GE90
Jan-12
3
ILFC
Capital Markets
777-200ER
PW4000
Jan-12
1
ILFC
Capital Markets
777-200ER
GE90
Mar-12
1
777-200ER
Trent
Mar-12
1
777-200ER
GE90
Mar-12
1
United Airlines
Loan/Finance/Refinanced
777-200ER
GE90
Apr-12
1
ILFC
Capital Markets
777-200ER
PW4000
Jun-12
1
Asiana Airlines
ECA / EXIM
777-200ER
PW4000
Jul-12
1
All Nippon Airways (MRO)
Tax Lease
777-200ER
PW4000
Oct-12
1
All Nippon Airways (MRO)
777-200ER
PW4000
Dec-12
1
777-200ER
PW4000
Dec-12
3
777-200LRF
GE90
Jun-12
1
Purchase - Lease Attached
777-200LRF
GE90
Sep-12
1
Operating Lease - Sale and Lease Back
777-200LRF
GE90
Sep-12
1
777-200LRF
GE90
Sep-12
1
BoCom Leasing
Loan/Finance/Refinanced
777-200LRF
GE90
Sep-12
1
China Cargo Airlines
Loan/Finance/Refinanced
Purchase - Lease Attached
Purchase Purchase Finance Lease Loan/Finance/Refinanced
National Bank for Foreign Economic Affairs Uzbek
Purchase
Finance Lease Operating Lease - Sale and Lease Back Capital Markets Capital Markets
Purchase - Lease Attached JP Morgan Chase Bank
Purchase Jet Midwest
Loan/Finance/Refinanced Purchase - Lease Attached Purchase Wells Fargo Bank
DVB Bank
Operating Lease - Sale and Lease Back Purchase
Natixis
Finance Lease Purchase
GECAS
Capital Markets
Purchase - Lease Attached
50 | Flightglobal Insight | Aircraft Finance 2013
CIC Bank| Deutsche Bank
Aircraft finance 2013
Debt provider
Equity providers
Buyer
Seller
Deucalion Aviation Funds
Air China
Air Do
All Nippon Airways
Grandmax Group
Japan Airlines
BoCom Leasing
North American Aircraft Leasing
Cargo Aircraft Management
Qantas
Cargo Aircraft Management
Royal Air Maroc
Atlas Air
GECAS
Aircastle Advisor
Condor
Guggenheim Aviation Partners
Thomas Cook Airlines
Thomas Cook Airlines
Airfleet Credit
Undisclosed Bank / Broker / Lessor
Q Aviation
Opal Leasing
G-BNWK Aircraft Pty
Boeing Capital
Qantas
Qantas
Boeing Capital
Automatic
Sumisho Aircraft Asset Management
Jet Midwest
Aviation Leasing
Undisclosed Bank / Broker / Lessor
CDB Leasing
AerSale
Qantas
Aircraft Purchase Company No. 12
Alitalia
ILFC
Singapore Airlines
TPG Capital
Air Austral
BBAM
GECAS
GECAS
Ethiopian Airlines
BoCom Leasing
GECAS
Bellview Leasing Reconstruction and Development Fund of Uzbekistan CIT Bank
Bacacina Leasing Mirlo Leasing
Amur Finance 1
CC & EI CC & EI CC & EI CC & EI CC & EI CC & EI RPK Capital Management Group
Undisclosed Bank / Broker / Lessor Korea Development Bank GL Super Leasing Saffron Leasing + 4 others
Bank of China
Aircraft Finance 2013 |Flightglobal Insight | 51
Aircraft finance 2013
Aircraft finance deals announced in 2012 Aircraft model Engine type Month Number of Customer aircraft
Deal structure
Arrangers
777-200LRF
GE90
Oct-12
1
Purchase - Lease Attached
777-200LRF
GE90
Nov-12
1
DAE Capital
Loan/Finance/Refinanced
777-200LRF
GE90
Nov-12
1
Investec Aircraft Syndicate
Loan/Finance/Refinanced
777-300
PW4000
Jan-12
2
Korean Air
Finance Lease
777-300
Trent
Mar-12
1
777-300
Trent
Nov-12
1
777-300ER
GE90
Jan-12
2
Emirates Airline
Tax Lease
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
777-300ER
GE90
Mar-12
1
Air 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
777-300ER
GE90
Apr-12
1
Operating Lease - Sale and Lease Back
777-300ER
GE90
Apr-12
1
Operating Lease - Sale and Lease Back
777-300ER
GE90
Apr-12
1
777-300ER
GE90
Apr-12
1
Cathay Pacific
Tax Lease
BBAM
777-300ER
GE90
Apr-12
1
Cathay Pacific
Tax Lease
BBAM
777-300ER
GE90
Apr-12
1
Etihad Airways
ECA / EXIM
HSBC Bank
777-300ER
GE90
Apr-12
1
ILFC
Capital Markets
CIT Aerospace Deutsche Bank | Korea Development Bank| CIC Bank
Operating Lease - Sale and Lease Back Purchase Dubai Islamic Bank| Al Hilal Bank| Ajman Bank
Purchase Loan/Finance/Refinanced
Purchase - Lease Attached
777-300ER
GE90
May-12
3
ECA / EXIM
777-300ER
GE90
May-12
1
Operating Lease - Sale and Lease Back
777-300ER
GE90
May-12
3
Operating Lease - Sale and Lease Back
777-300ER
GE90
May-12
1
777-300ER
GE90
May-12
1
Air China
777-300ER
GE90
May-12
1
Emirates Airline
ECA / EXIM
777-300ER
GE90
May-12
1
Novus Aviation
Loan/Finance/Refinanced
777-300ER
GE90
Jun-12
1
777-300ER
GE90
Jun-12
2
BOC Aviation
ECA / EXIM
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
777-300ER
GE90
Jun-12
1
Philippine Airlines
ECA / EXIM
HSBC Bank
777-300ER
GE90
Jun-12
2
TAM Linhas Aereas
ECA / EXIM
Citibank| Santander
777-300ER
GE90
Jul-12
1
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
777-300ER
GE90
Jul-12
1
KLM Royal Dutch Airlines
ECA / EXIM| Finance Lease
777-300ER
GE90
Jul-12
2
TAM Linhas Aereas
Capital Markets
777-300ER
GE90
Aug-12
2
777-300ER
GE90
Aug-12
4
777-300ER
GE90
Aug-12
2
777-300ER
GE90
Sep-12
1
777-300ER
GE90
Sep-12
1
Emirates Airline
Capital Markets
777-300ER
GE90
Oct-12
1
Avolon Aerospace Leasing
Loan/Finance/Refinanced
777-300ER
GE90
Nov-12
1
777-300ER
GE90
Nov-12
1
777-300ER
GE90
Nov-12
1
Air France
Tax Lease
777-300ER
GE90
Nov-12
1
Novus Aviation
Loan/Finance/Refinanced
DVB Bank
777-300ER
GE90
Nov-12
4
VEB-Leasing
ECA / EXIM
Credit Agricole Corporate and Investment Bank| Goldman Sachs & Co
777-300ER
GE90
Dec-12
1
777-300ER
GE90
Dec-12
2
DAE Capital
Loan/Finance/Refinanced
777-300ER
GE90
Dec-12
1
Etihad Airways
Capital Markets
Operating Lease - Sale and Lease Back Capital Markets
Operating Lease - Sale and Lease Back
Operating Lease - Sale and Lease Back
Apple Bank| Credit Agricole Corporate and Investment Bank
Operating Lease - Sale and Lease Back Operating Lease - Sale and Lease Back Air China
Capital Markets Operating Lease - Sale and Lease Back DVB Bank
Operating Lease - Sale and Lease Back Operating Lease - Sale and Lease Back BNP Paribas
Purchase - Lease Attached
777-300ER
GE90
Dec-12
2
Guggenheim Aviation Partners
Loan/Finance/Refinanced
777-300ER
GE90
Dec-12
2
ILFC
Capital Markets
777-300ER
GE90
Dec-12
1
Korean Air
ECA / EXIM
52 | Flightglobal Insight | Aircraft Finance 2013
DVB Bank
BNP Paribas
Aircraft finance 2013
Debt provider
Equity providers
Buyer
Seller
Investec Aircraft Syndicate
GECAS
VEB-Leasing
Transaero Airlines
VEB-Leasing
Lionstar Leasing
BBAM
GECAS
Air Lease Corporation
Air France
GECAS
Air France
Air Lease Corporation
Macquarie AirFinance
Air Lease Corporation
Cathay Pacific
GECAS
Emirates Airline
Novus Aviation
Emirates Airline
Novus Aviation
Emirates Airline
BBAM
Emirates Airline
Guggenheim Aviation Partners
American Airlines
VEB-Leasing
Aeroflot Russian Airlines
Avolon Aerospace Leasing
American Airlines
Novus Aviation
Emirates Airline
GECAS
Emirates Airline
BBAM
Emirates Airline
CIT Bank| NordLB NordLB Korea Development Bank| Deutsche Bank AG| CIC Bank
Bank of China Nomura Babcock & Brown
Nomura Babcock & Brown Westpac Banking| ANZ Bank
Nomura Babcock & Brown
PEFCO
JP Morgan Chase Bank Undisclosed Bank / Broker / Lessor| Undisclosed Bank / Broker / Lessor
Apple Bank| Soverign Bank| Flashing Bank
Unconfirmed Saudi Arabia Bank ING Bank
JP Morgan Chase Bank
BNP Paribas| Unconfirmed Japanese Bank Unconfirmed Middle Eastern Bank Apple Bank ChinaTrust Commercial Bank Undisclosed Bank / Broker / Lessor
Aircraft Finance 2013 |Flightglobal Insight | 53
Aircraft finance 2013
Aircraft finance deals announced in 2012 Aircraft model Engine type Month Number of Customer aircraft
Deal structure
Arrangers
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
787-8
Trent
Apr-12
1
787-8
GEnx
Apr-12
2
Air India
Loan/Finance/Refinanced
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
787-8
Trent
Aug-12
1
LAN Airlines
Finance Lease
787-8
GEnx
Sep-12
3
Continental Airlines
Capital Markets
787-8
GEnx
Oct-12
1
787-8
GEnx
Oct-12
1
Air India
Loan/Finance/Refinanced
787-8
Trent
Oct-12
2
LAN Airlines
Finance Lease
787-8
GEnx
Nov-12
4
Ethiopian Airlines
Capital Markets
787-8
Trent
Nov-12
5
LOT Polish Airlines
ECA / EXIM
787-8
Trent
Dec-12
2
Norwegian
Pre Delivery Payment
787-9
TBC
Apr-12
8
A318-100
CFM56
Jan-12
1
A318-100
PW6000
Aug-12
1
Operating Lease - Sale and Lease Back Purchase
Operating Lease - Sale and Lease Back Helaba Landesbank Hessen Thuringen
DVB Bank
Purchase - Lease Attached Air France
Tax Lease
Credit Agricole Corporate and Investment Bank
Purchase
A318-100
PW6000
Oct-12
4
A318-100
CFM56
Nov-12
1
Purchase
A319-100
CFM56
Jan-12
2
A319-100
CFM56
Jan-12
2
A319-100
CFM56
Feb-12
2
A319-100
V2500
Feb-12
2
A319-100
V2500
Feb-12
2
AWAS
A319-100
CFM56
Feb-12
1
China Southern Airlines
A319-100
V2500
Mar-12
2
A319-100
V2500
Mar-12
2
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
A319-100
CFM56
May-12
1
A319-100
CFM56
Jun-12
2
Operating Lease - Sale and Lease Back
A319-100
CFM56
Jun-12
2
Operating Lease - Sale and Lease Back
A319-100
CFM56
Jun-12
1
Purchase - Lease Attached
A319-100
V2500
Jun-12
1
A319-100
CFM56
Jun-12
1
China Eastern Airlines
Finance Lease
A319-100
V2500
Jun-12
1
China Eastern Airlines
Finance Lease
A319-100
CFM56
Jun-12
9
Delta Air Lines
Capital Markets
A319-100
CFM56
Jun-12
3
Volito Aviation Services
Loan/Finance/Refinanced
A319-100
CFM56
Jun-12
2
Volito Aviation Services
Loan/Finance/Refinanced
A319-100
V2500
Jun-12
2
Volito Aviation Services
A319-100
CFM56
Jul-12
1
A319-100
CFM56
Jul-12
1
Sky Airline
Tax Lease
A319-100
V2500
Aug-12
1
Hainan Airlines
ECA / EXIM
A319-100
V2500
Aug-12
1
Sichuan Airlines
Loan/Finance/Refinanced
A319-100
TBC
Sep-12
4
CDB Leasing
Loan/Finance/Refinanced
A319-100
V2500
Sep-12
1
TACA International Airlines
ECA / EXIM
A319-100
V2500
Sep-12
4
TAM Linhas Aereas
Loan/Finance/Refinanced
A319-100
CFM56
Oct-12
1
A319-100
CFM56
Nov-12
1
A319-100
CFM56
Dec-12
1
A319-100
V2500
Dec-12
2
Archway Aviation
Loan/Finance/Refinanced
A319-100
CFM56
Dec-12
5
DAE Capital
Loan/Finance/Refinanced
A319-100
V2500
Dec-12
2
Hainan Airlines
Finance Lease
Air France
Tax Lease
ING Bank
Purchase - Lease Attached ILFC
Capital Markets Purchase Purchase - Lease Attached Loan/Finance/Refinanced Loan/Finance/Refinanced Purchase Purchase - Lease Attached
Operating Lease - Sale and Lease Back Sky Airline
Tax Lease
Operating Lease - Sale and Lease Back
Loan/Finance/Refinanced Purchase - Lease Attached China Exim Bank
CIC Bank
Operating Lease - Sale and Lease Back Air France
Tax Lease
ING Bank
Purchase - Lease Attached
54 | Flightglobal Insight | Aircraft Finance 2013
DVB Bank| PK AirFinance
Aircraft finance 2013
Debt provider
Equity providers
Buyer
Seller
VTB-Leasing
Transaero Airlines
Undisclosed Bank / Broker / Lessor
AWAS
Qatar Aviation Lease
Qatar Airways
Air Lease Corporation
Vietnam Aircraft Leasing
Avianca (Brazil)
LAN Airlines
Airbus Asset Management
LAN Airlines
China World Aviation Leasing
GECAS
China United Airlines
China Aviation Supplies
AWAS
GECAS
GECAS Asset Management Services
Cyprus Airways
ICBC Leasing
RBS Aviation Capital
CDB Leasing
Alitalia
BoCom Leasing
China Eastern Airlines
MC Aviation Partners/Mitsubishi Corporation
Germania
ORIX Aviation
Aircraft Purchase Fleet
BoCom Leasing
China Eastern Airlines
ICBC Leasing
SMBC Aviation Capital
CCB Financial Leasing
China Eastern Airlines
Apollo Aviation Group
Macquarie AirFinance
Standard Chartered Bank ING Bank| Emerging Africa Infrastructure Fund| Infrastructure Crisis Facility Debt Pool| The Netherlands Development Finance Company
Fragata Leasing
Boeing Capital
Nippon Export and Investment Insurance| Apple Bank
Credit Agricole Corporate and Investment Bank
NordLB| Wells Fargo Bank Bank of China
NBB Flex
CMB Financial Leasing CMB Financial Leasing GE Japan NordLB GE Japan NBB Elm China Development Bank DVB Bank JP Morgan Chase Bank
Frost Bank Agricultural Bank of China
Aircraft Finance 2013 |Flightglobal Insight | 55
Aircraft finance 2013
Aircraft finance deals announced in 2012 Aircraft model Engine type Month Number of Customer aircraft
Deal structure
Arrangers
A320-200
CFM56
Jan-12
1
Operating Lease - Sale and Lease Back
A320-200
CFM56
Jan-12
1
Purchase
A320-200
CFM56
Jan-12
1
Purchase
A320-200
CFM56
Jan-12
1
Purchase
A320-200
CFM56
Jan-12
2
Purchase - Lease Attached
A320-200
CFM56
Jan-12
4
Purchase - Lease Attached
A320-200
V2500
Jan-12
2
Operating Lease - Sale and Lease Back
A320-200
V2500
Jan-12
1
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
A320-200
CFM56
Jan-12
7
Cebu Pacific Air
Pre Delivery Payment
A320-200
CFM56
Jan-12
1
China Aircraft Leasing
ECA / EXIM
A320-200
V2500
Jan-12
1
Hainan Airlines
Finance Lease
A320-200
CFM56
Jan-12
1
ICBC Leasing
Loan/Finance/Refinanced
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
A320-200
CFM56
Jan-12
1
Spring Airlines
ECA / EXIM
A320-200
CFM56
Jan-12
1
Spring Airlines
Finance Lease
A320-200
CFM56
Jan-12
1
Spring Airlines
A320-200
CFM56
Feb-12
1
A320-200
CFM56
Feb-12
5
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
A320-200
V2500
Feb-12
3
AWAS
ECA / EXIM| Tax Lease
A320-200
V2500
Feb-12
1
Comtran International
Loan/Finance/Refinanced
A320-200
CFM56
Mar-12
2
Operating Lease - Sale and Lease Back
A320-200
CFM56
Mar-12
1
Purchase
A320-200
CFM56
Mar-12
1
Purchase
A320-200
CFM56
Mar-12
1
Purchase
A320-200
CFM56
Mar-12
1
Purchase
A320-200
V2500
Mar-12
5
A320-200
CFM56
Mar-12
4
Air China
A320-200
TBC
Mar-12
7
AWAS
Pre Delivery Payment
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
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
Purchase
Finance Lease
China Exim Bank DVB Bank
China Exim Bank NordLB| Standard Chartered Bank
Purchase - Lease Attached Purchase - Lease Attached
KfW IPEX-Bank
Operating Lease - Sale and Lease Back ECA / EXIM
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
A320-200
CFM56
Mar-12
3
Spring Airlines
Loan/Finance/Refinanced
A320-200
CFM56
Mar-12
2
TAM Linhas Aereas
A320-200
CFM56
Apr-12
1
Operating Lease - Sale and Lease Back
A320-200
CFM56
Apr-12
2
Operating Lease - Sale and Lease Back
A320-200
CFM56
Apr-12
2
Operating Lease - Sale and Lease Back
A320-200
CFM56
Apr-12
1
Purchase
A320-200
CFM56
Apr-12
1
Purchase
A320-200
CFM56
Apr-12
1
Purchase
A320-200
V2500
Apr-12
6
Operating Lease - Sale and Lease Back
A320-200
V2500
Apr-12
1
Purchase
56 | Flightglobal Insight | Aircraft Finance 2013
Tax Lease
Natixis
Aircraft finance 2013
Debt provider
Equity providers
Buyer
Seller
GECAS
GoAir
Intertrade
CIT Aerospace
Santos Dumont Aircraft Management
GOAL German Operating Aircraft Leasing
SouthJet Two
Wallis Trading
China World Aviation
GECAS
ORIX Aviation
GECAS
Pembroke Group
Tiger Airways
Aeronautics Fund
ACAP 2005-3 ABS Portfolio
Aircastle Advisor
PALS 2001-1 ABS Portfolio
AWAS
GECAS
Bank of America Leasing & Capital
Easyjet
GA Telesis
AFT 1999-1 ABS Portfolio
GA Telesis
AIRPT 2001-1 ABS Portfolio
Infinity Trading & Solutions
GA Telesis
Sargent Avborne
GA Telesis
MC Aviation Partners/Mitsubishi Corporation
Tiger Airways
GECAS
Air France
MC Aviation Partners/Mitsubishi Corporation
Gulf Air
MC Aviation Partners/Mitsubishi Corporation
Niki
Air Salvage International
RPK Capital Management Group
Avion Capital Partners
AERLS 2007-1 ABS Portfolio
FL Technics (Lithuania)
AERCO 2000-1 ABS Portfolio
Wells Fargo Bank Citibank| BDO Unibank China Development Bank| Changjiang Leasing
Bank Audi CMB Financial Leasing| Bank of China NordLB| Standard Chartered Bank
NordLB| Wells Fargo Bank International Bank of Commerce
JP Morgan Chase Bank Natixis Commerzbank
Yamasa Lease
NordLB| Unicredit
Commonwealth Bank of Australia China Development Bank Natixis
Nomura Babcock & Brown
Century Tokyo Leasing
Jetstar Japan
Interjet
Aviation Capital Group
Aircraft Finance 2013 |Flightglobal Insight | 57
Aircraft finance 2013
Aircraft finance deals announced in 2012 Aircraft model Engine type Month Number of Customer aircraft
Deal structure
Arrangers
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
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
A320-200
CFM56
May-12
1
Operating Lease - Sale and Lease Back
A320-200
CFM56
May-12
1
Purchase - Lease Attached
A320-200
V2500
May-12
1
Operating Lease - Sale and Lease Back
A320-200
V2500
May-12
1
Operating Lease - Sale and Lease Back
A320-200
V2500
May-12
2
A320-200
CFM56
May-12
2
Air Arabia
ECA / EXIM
A320-200
CFM56
May-12
1
Air China
Tax Lease
A320-200
V2500
May-12
1
Air China
Tax Lease
A320-200
V2500
May-12
1
BoCom Leasing
Loan/Finance/Refinanced
A320-200
CFM56
May-12
1
China Eastern Airlines
Loan/Finance/Refinanced
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
A320-200
CFM56
Jun-12
1
Purchase
A320-200
CFM56
Jun-12
2
Purchase
A320-200
CFM56
Jun-12
1
Purchase
A320-200
CFM56
Jun-12
1
Purchase
A320-200
CFM56
Jun-12
2
Purchase - Lease Attached
A320-200
V2500
Jun-12
2
A320-200
CFM56
Jun-12
1
AerCap
Loan/Finance/Refinanced
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
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
A320-200
V2500
Jun-12
1
Avolon Aerospace Leasing
Loan/Finance/Refinanced
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
A320-200
V2500
Jun-12
1
AWAS
Capital Markets
A320-200
V2500
Jun-12
1
China Southern Airlines
ECA / EXIM| Tax Lease
A320-200
CFM56
Jun-12
2
China World Aviation Leasing
Loan/Finance/Refinanced
A320-200
CFM56
Jun-12
3
CIT Aerospace
ECA / EXIM
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
A320-200
CFM56
Jun-12
1
Jazeera Airways
ECA / EXIM
Natixis
A320-200
V2500
Jun-12
2
JetBlue Airways
Capital Markets
A320-200
V2500
Jun-12
1
JetBlue Airways
Loan/Finance/Refinanced
A320-200
V2500
Jun-12
2
Shenzhen Airlines
Loan/Finance/Refinanced
A320-200
CFM56
Jun-12
2
TAM Linhas Aereas
ECA / EXIM
A320-200
V2500
Jun-12
2
Volito Aviation Services
Loan/Finance/Refinanced
A320-200
CFM56
Jul-12
1
Operating Lease - Sale and Lease Back
A320-200
CFM56
Jul-12
1
Operating Lease - Sale and Lease Back
A320-200
V2500
Jul-12
3
Operating Lease - Sale and Lease Back
A320-200
V2500
Jul-12
6
Operating Lease - Sale and Lease Back
Loan/Finance/Refinanced
Purchase
Operating Lease - Sale and Lease Back
58 | Flightglobal Insight | Aircraft Finance 2013
Credit Agricole Corporate and Investment Bank
HSBC Bank
Aircraft finance 2013
Debt provider
Equity providers
Buyer
Seller
Chishima Real Estate
Air France
Plane Business Leasing
AerCap
BoCom Leasing
Shenzhen Airlines
GECAS
Spirit Airlines
Gomera Trading
AWAS
Aeronautics Fund
Macquarie AirFinance
ILFC
Air Salvage International
ILFC
Mitsui Sumitomo Trust Panasonic Finance
Jordan Aviation
FG Wing Leasing
Undisclosed Bank / Broker / Lessor
ILFC
Airfleet Credit
FLY Leasing
JJJ1
Jetstar Japan
Deucalion Aviation Funds
Monarch Airlines
GECAS
GoAir
CDB Leasing
IndiGo
GECAS
Jetstar Japan
China Development Bank| Changjiang Leasing
Undisclosed Bank / Broker / Lessor
Standard Chartered Bank BNP Paribas| Sumitomo Mitsui Banking (SMBC)
BNP Paribas
BNP Paribas| Sumitomo Mitsui Banking (SMBC)
BNP Paribas
Unconfirmed Chinese Bank Bank of China
Undisclosed Bank / Broker / Lessor
Credit Agricole Corporate and Investment Bank| Tokyo Star Bank Commonwealth Bank of Australia Undisclosed Bank / Broker / Lessor
Investec Bank CIC Bank| Sumitomo Mitsui Banking (SMBC) GE Japan Undisclosed Bank / Broker / Lessor Credit Agricole Corporate and Investment Bank Gulf Bank CIC Bank China Development Bank GE Japan
Aircraft Finance 2013 |Flightglobal Insight | 59
Aircraft finance 2013
Aircraft finance deals announced in 2012 Aircraft model Engine type Month Number of Customer aircraft
Deal structure
Arrangers
A320-200
V2500
Jul-12
4
Operating Lease - Sale and Lease Back
A320-200
V2500
Jul-12
3
Operating Lease - Sale and Lease Back
A320-200
V2500
Jul-12
5
A320-200
CFM56
Jul-12
2
AirAsia
Finance Lease
A320-200
V2500
Jul-12
3
CDB Leasing
Loan/Finance/Refinanced
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
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
A320-200
CFM56
Aug-12
1
Purchase - Lease Attached
A320-200
V2500
Aug-12
1
A320-200
TBC
Aug-12
4
Avianca| TACA International Airlines
Pre Delivery Payment
A320-200
CFM56
Aug-12
1
Juneyao Airlines
Loan/Finance/Refinanced
Operating Lease - Sale and Lease Back Korea Development Bank| KfW IPEX-Bank
Purchase
A320-200
CFM56
Aug-12
6
LAN Airlines
ECA / EXIM
A320-200
V2500
Aug-12
1
Sichuan Airlines
Loan/Finance/Refinanced
A320-200
CFM56
Sep-12
1
Purchase
A320-200
CFM56
Sep-12
2
Purchase - Lease Attached
A320-200
CFM56
Sep-12
2
Purchase - Lease Attached
A320-200
CFM56
Sep-12
1
Purchase - Lease Attached
A320-200
V2500
Sep-12
3
Operating Lease - Sale and Lease Back
A320-200
V2500
Sep-12
2
Purchase
A320-200
V2500
Sep-12
2
Purchase
A320-200
V2500
Sep-12
1
A320-200
CFM56
Sep-12
1
AirAsia
Loan/Finance/Refinanced
A320-200
CFM56
Sep-12
1
AWAS
Loan/Finance/Refinanced
A320-200
CFM56
Sep-12
2
BoCom Leasing
Loan/Finance/Refinanced
A320-200
TBC
Sep-12
1
CDB Leasing
A320-200
CFM56
Oct-12
1
Operating Lease - Sale and Lease Back
A320-200
CFM56
Oct-12
1
Purchase
A320-200
CFM56
Oct-12
1
Purchase - Lease Attached
A320-200
V2500
Oct-12
4
Operating Lease - Sale and Lease Back
A320-200
V2500
Oct-12
2
Operating Lease - Sale and Lease Back
A320-200
V2500
Oct-12
3
Operating Lease - Sale and Lease Back
A320-200
V2500
Oct-12
2
A320-200
CFM56
Oct-12
1
A320-200
CFM56
Nov-12
2
Natixis
Purchase - Lease Attached DVB Bank
Loan/Finance/Refinanced
Purchase Changjiang Leasing
ECA / EXIM
China Exim Bank
Operating Lease - Sale and Lease Back
A320-200
CFM56
Nov-12
1
Purchase
A320-200
CFM56
Nov-12
1
Purchase
A320-200
V2500
Nov-12
1
Operating Lease - Sale and Lease Back
A320-200
V2500
Nov-12
1
Operating Lease - Sale and Lease Back
A320-200
V2500
Nov-12
3
Operating Lease - Sale and Lease Back
A320-200
V2500
Nov-12
1
Operating Lease - Sale and Lease Back
A320-200
V2500
Nov-12
1
Purchase
A320-200
V2500
Nov-12
2
Purchase - Lease Attached
A320-200
V2500
Nov-12
2
Purchase - Lease Attached
A320-200
V2500
Nov-12
1
A320-200
CFM56
Nov-12
2
Avianca
ECA / EXIM
A320-200
TBC
Nov-12
2
AWAS
ECA / EXIM
Natixis
A320-200
V2500
Nov-12
1
AWAS
ECA / EXIM
Natixis
A320-200
V2500
Nov-12
4
BOC Aviation
Loan/Finance/Refinanced
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
A320-200
CFM56
Nov-12
2
Interjet
Loan/Finance/Refinanced
A320-200
V2500
Nov-12
1
JetBlue Airways
Loan/Finance/Refinanced
A320-200
V2500
Nov-12
1
Jetstar Japan
Finance Lease
A320-200
CFM56
Dec-12
1
Purchase - Lease Attached
60 | Flightglobal Insight | Aircraft Finance 2013
Purchase
BNP Paribas
Aircraft finance 2013
Debt provider
Equity providers
Buyer
Seller
Hong Kong Aviation Capital
Jetstar Japan
Jackson Square Aviation
Jetstar Japan
MC Aviation Partners/Mitsubishi
Jetstar Japan
Arab Leasing International Finance
Avion Capital Partners
Craentex Investments
AERCO 2000-1 ABS Portfolio
ATA Air
Khors Aircompany
Airfinancial Management
AerCap
Red Angels
Development Bank of Japan| Korea Development Bank| Mega Bank
Bank of Communications Tenca Leasing China Development Bank BoCom Leasing
GECAS
ICBC Leasing
SMBC Aviation Capital
ORIX Aviation
AWAS
Hong Kong Aviation Capital
IndiGo
Meraj Air
Undisclosed Bank / Broker / Lessor
Undisclosed Bank / Broker / Lessor
Air Mart Capital
Mitsubishi UFJ Lease & Finance
MC Aviation Partners/Mitsubishi
Changjiang Leasing
Hong Kong Airlines
Undisclosed Bank / Broker / Lessor
Iberia
FGL Aircraft Ireland
Avolon Aerospace Leasing
GECAS
Volaris
Pembroke Group
IndiGo
Pembroke Group
Tiger Airways
Intertrade
CIT Aerospace
KTB Leasing Company Development Bank of Japan Bank of China DVB Bank
ORIX Aviation
Avianca
AAR Parts Trading
GECAS
Asian Express Airline
Aerostar Leasing
BoCom Leasing
Shenzhen Airlines
CCB Financial Leasing Corporation
China Eastern Airlines
MC Aviation Partners/Mitsubishi Corporation
Spirit Airlines
Qatar Aviation Lease Company
Qatar Airways
MidAmerican Aerospace
EAST 2000-1 ABS Portfolio
Pembroke Group
Q Aviation
Pembroke Group
SMBC Aviation Capital
Undisclosed Bank / Broker / Lessor
AWAS
Aeronautics Fund
Air Sweden
Citibank Apple Bank Apple Bank Westpac Banking NTT Finance Unconfirmed US Bank JJJ2
Aircraft Finance 2013 |Flightglobal Insight | 61
Aircraft finance 2013
Aircraft finance deals announced in 2012 Aircraft model Engine type Month Number of Customer aircraft
Deal structure
Arrangers
A320-200
CFM56
Dec-12
1
Purchase
A320-200
CFM56
Dec-12
9
Purchase
A320-200
CFM56
Dec-12
1
Purchase
A320-200
CFM56
Dec-12
1
Purchase
A320-200
CFM56
Dec-12
2
Purchase - Lease Attached
A320-200
V2500
Dec-12
3
Operating Lease - Sale and Lease Back
A320-200
V2500
Dec-12
1
Purchase
A320-200
V2500
Dec-12
5
A320-200
CFM56
Dec-12
1
African Holding Co of America
Loan/Finance/Refinanced
A320-200
V2500
Dec-12
3
Air New Zealand
Tax Lease
A320-200
CFM56
Dec-12
1
China Eastern Airlines
Loan/Finance/Refinanced
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
A320-200
V2500
Dec-12
1
Hong Kong Aviation Capital
Loan/Finance/Refinanced
A320-200
V2500
Dec-12
1
JetBlue Airways
Loan/Finance/Refinanced
A320-200
V2500
Dec-12
2
Shenzhen Airlines
Loan/Finance/Refinanced
Purchase - Lease Attached The Bank of Mitsubishi Tokyo
DVB Bank
A320-200neo
PW1000G
Aug-12
72
GoAir
Pre Delivery Payment
A321-100
V2500
Apr-12
2
ILFC
Capital Markets
A321-100
CFM56
Aug-12
1
Purchase
A321-100
CFM56
Dec-12
5
Operating Lease - Sale and Lease Back
A321-200
V2500
Jan-12
2
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
A321-200
CFM56
Jan-12
1
Saudi Arabian Airlines
Loan/Finance/Refinanced
A321-200
V2500
Feb-12
6
Air China
Tax Lease| ECA / EXIM
Natixis| 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
A321-200
V2500
Feb-12
2
Turkish Airlines
Tax Lease| ECA / EXIM
CIC Bank
A321-200
V2500
Mar-12
2
Turkish Airlines
Tax Lease
ING Bank
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
A321-200
V2500
Jun-12
1
CIT Aerospace
ECA / EXIM
A321-200
V2500
Jun-12
4
Vietnam Airlines
Loan/Finance/Refinanced
A321-200
V2500
Jun-12
1
Volito Aviation Services
A321-200
CFM56
Jul-12
2
A321-200
V2500
Jul-12
2
A321-200
V2500
Jul-12
1
Avolon Aerospace Leasing
Loan/Finance/Refinanced
A321-200
V2500
Jul-12
2
Gulf Air
Finance Lease
A321-200
V2500
Aug-12
1
Sichuan Airlines
ECA / EXIM
A321-200
V2500
Aug-12
3
Sichuan Airlines
Loan/Finance/Refinanced
A321-200
V2500
Aug-12
1
US Airways
Loan/Finance/Refinanced
A321-200
V2500
Aug-12
2
Vietnam Airlines
Loan/Finance/Refinanced
A321-200
V2500
Aug-12
2
Vietnam Airlines
Loan/Finance/Refinanced
A321-200
V2500
Sep-12
2
Operating Lease - Sale and Lease Back
DVB Bank| Goldman Sachs & Co
Loan/Finance/Refinanced Purchase - Lease Attached Operating Lease - Sale and Lease Back Natixis China Exim Bank
Cathay United Bank
Purchase
A321-200
V2500
Sep-12
1
Avolon Aerospace Leasing
Loan/Finance/Refinanced
A321-200
CFM56
Oct-12
20
UTair
Pre Delivery Payment
A321-200
V2500
Nov-12
1
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
Deutsche Bank | UBS| Credit Agricole Corporate and Investment Bank| BNP Paribas| KfW IPEX-Bank
Purchase - Lease Attached
62 | Flightglobal Insight | Aircraft Finance 2013
Aircraft finance 2013
Debt provider
Equity providers
Buyer
Seller
African Holding Co of America
AeroTurbine
Allegiant Air
Undisclosed Bank / Broker / Lessor
Av-Air
All Nippon Airways
Infinity Trading & Solutions
Aircastle Advisor
Pembroke Group
SMBC Aviation Capital
MC Aviation Partners/Mitsubishi Corporation
Wizz Air
Aerotron
ACST 2006-1 ABS Portfolio
Pembroke Group
SMBC Aviation Capital
Asian Wings Airways
Alitalia
Century Tokyo Leasing
Air France
Jackson Square Aviation
Monarch Airlines
Apollo Aviation Group
A321 Partners
Pembroke Group
Gulf Air
Trade Bank of Iraq
Alphastream
Pembroke Group
SMBC Aviation Capital
AeroTurbine The Bank of Mitsubishi Tokyo| Australia & New Zealand Banking Group Bank of China
China Development Bank Industrial and Commercial Bank of China (ICBC) Bank of Communications United Technologies
NordLB| Unicredit Saudi Arabian Monetary Agency BPCE| Siemens Bank| KfW IPEX-Bank Standard Chartered Bank
Nomura Babcock & Brown
ING Bank| NordLB
BNP Paribas
ING Bank
BNP Paribas
Undisclosed Bank / Broker / Lessor Vietnam Export Import Bank GE Japan
Gulf International Bank China Development Bank Undisclosed Bank / Broker / Lessor Citibank| Development Bank of Japan
VEB-Leasing
Nomura Babcock & Brown
Aircraft Finance 2013 |Flightglobal Insight | 63
Aircraft finance 2013
Aircraft finance deals announced in 2012 Aircraft model Engine type Month Number of Customer aircraft
Deal structure
Arrangers
A321-200
V2500
Nov-12
7
US Airways
Capital Markets
A321-200
V2500
Nov-12
1
Vietnam Airlines
A321-200
CFM56
Dec-12
1
Purchase
A321-200
V2500
Dec-12
2
Operating Lease - Sale and Lease Back
A321-200
V2500
Dec-12
1
Purchase - Lease Attached
A321-200
V2500
Dec-12
1
A321-200
V2500
Dec-12
2
Archway Aviation
Loan/Finance/Refinanced
A321-200
V2500
Dec-12
1
China Eastern Airlines
Loan/Finance/Refinanced
A321-200
V2500
Dec-12
2
China Eastern Airlines
Loan/Finance/Refinanced
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
A330-200
PW4000
Jan-12
2
Purchase
A330-200
Trent
Jan-12
2
Operating Lease - Sale and Lease Back
A330-200
Trent
Jan-12
2
A330-200
Trent
Jan-12
1
Air China
Loan/Finance/Refinanced| Tax Lease
A330-200
Trent
Jan-12
1
ILFC
Capital Markets
A330-200
Trent
Feb-12
1
Avolon Aerospace Leasing
ECA / EXIM
A330-200
PW4000
Feb-12
2
China Southern Airlines
ECA / EXIM| Tax Lease
A330-200
Trent
Apr-12
1
Aircastle Advisor
ECA / EXIM
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
A330-200
CF6
May-12
1
Purchase - Lease Attached
A330-200
Trent
May-12
2
A330-200
Trent
May-12
1
Hong Kong Aviation Capital
Loan/Finance/Refinanced
A330-200
CF6
Jun-12
1
CIT Aerospace
ECA / EXIM
A330-200
Trent
Jul-12
1
South African Airways
A330-200
PW4000
Aug-12
1
Operating Lease - Sale and Lease Back
A330-200
Trent
Sep-12
1
Operating Lease - Sale and Lease Back
A330-200
Trent
Sep-12
1
A330-200
TBC
Sep-12
1
CDB Leasing
Loan/Finance/Refinanced
A330-200
Trent
Sep-12
2
Guggenheim Aviation Partners
Loan/Finance/Refinanced
A330-200
Trent
Sep-12
1
Intrepid Aviation Group
Pre Delivery Payment
A330-200
Trent
Sep-12
1
Orix
Loan/Finance/Refinanced
A330-200
CF6
Oct-12
1
A330-200
Trent
Oct-12
1
A330-200
CF6
Oct-12
1
AWAS
Loan/Finance/Refinanced
A330-200
Trent
Oct-12
1
Hawaiian Airlines
Loan/Finance/Refinanced
A330-200
Trent
Nov-12
1
A330-200
Trent
Nov-12
6
Synergy Aerospace
Pre Delivery Payment
A330-200
Trent
Nov-12
3
US Airways
Capital Markets
A330-200
Trent
Dec-12
1
A330-200
Trent
Dec-12
2
China Eastern Airlines
Loan/Finance/Refinanced
A330-200
Trent
Dec-12
1
Guggenheim Aviation Partners
Loan/Finance/Refinanced
A330-200
Trent
Dec-12
1
Hawaiian Airlines
Loan/Finance/Refinanced
DVB 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
A330-200F
Trent
Jun-12
1
BOC Aviation
ECA / EXIM
Natixis| Royal Bank of Scotland
A330-200F
Trent
Nov-12
1
Avianca
ECA / EXIM
A330-200F
Trent
Nov-12
3
Synergy Aerospace
A330-300
Trent
Jan-12
4
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
A330-300
Trent
Feb-12
1
Loan/Finance/Refinanced
Purchase - Lease Attached
Operating Lease - Sale and Lease Back Credit Agricole Corporate and Investment Bank
The Bank of Mitsubishi Tokyo
Operating Lease - Sale and Lease Back
Loan/Finance/Refinanced
Purchase - Lease Attached DVB Bank
Purchase - Lease Attached Purchase Credit Agricole Corporate and Investment Bank| Deutsche Bank | CIC Bank| NTT Finance
Purchase - Lease Attached Natixis
Purchase
Pre Delivery Payment
Natixis
Operating Lease - Sale and Lease Back
64 | Flightglobal Insight | Aircraft Finance 2013
ECA / EXIM| Tax Lease Purchase - Lease Attached
BayernLB| DekaBank| Deutsche Pfandbriefbank| Natixis
Aircraft finance 2013
Debt provider
Equity providers
Buyer
Seller
Plane Business Leasing
BBAM
Archway Aviation
Monarch Airlines
GECAS
Guggenheim Aviation Partners
Pembroke Group
SMBC Aviation Capital
Brussels Airlines
Swiss
BoCom Leasing
Air China
China Aircraft Leasing
Air China
Airbus Asset Management
Aircraft Purchase Fleet
GECAS
Aircraft Purchase Fleet
Guggenheim Aviation Partners
Monarch Airlines
BoCom Leasing
China Southern Airlines
Avolon Aerospace Leasing
Avianca
ORIX Aviation
CIT Aerospace
AWAS
CIT Aerospace
TPG Capital
ALAFCO & Novus Aviation
ICBC Leasing
BOC Aviation
Undisclosed Bank / Broker / Lessor
Emirates Airline
ICBC Leasing
Air China
Avolon Aerospace Leasing
AerCap
Vietnam International Bank
Macquarie Bank China Construction Bank Industrial and Commercial Bank of China (ICBC)
Hua Nan Bank| Shin Kong Bank| Taichung Commercial Bank| Union Bank of Taiwan| Shanghai Commercial and Savings Bank| Cathay United Bank
Deutsche Pfandbriefbank Credit Agricole Corporate and Investment Bank| KfW IPEX-Bank The Bank of Mitsubishi Tokyo
China Development Bank Undisclosed Bank / Broker / Lessor Royal Bank of Scotland
DVB Bank Rand Merchant Bank
Credit Agricole Corporate and Investment Bank| Deutsche Bank | CIC Bank| NTT Finance Undisclosed Bank / Broker / Lessor
Bank of China Landesbank Hessen Thuringen Gironzentrale CIC Bank
BayernLB| DekaBank| Deutsche Pfandbriefbank
Citibank
BayernLB| DekaBank| Deutsche Pfandbriefbank
Aircraft Finance 2013 |Flightglobal Insight | 65
Aircraft finance 2013
Aircraft finance deals announced in 2012 Aircraft model Engine type Month Number of Customer aircraft
Deal structure
Arrangers
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
A330-300
Trent
Jun-12
1
Purchase - Lease Attached
A330-300
Trent
Jul-12
4
Operating Lease - Sale and Lease Back
A330-300
Trent
Jul-12
1
A330-300
Trent
Jul-12
2
A330-300
Trent
Aug-12
1
Operating Lease - Sale and Lease Back Aeroflot Russian Airlines
ECA / EXIM
Royal Bank of Scotland
Operating Lease - Sale and Lease Back
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
A330-300
Trent
Sep-12
2
Thai Airways International
A330-300
PW4000
Oct-12
3
A330-300
Trent
Oct-12
1
A330-300
Trent
Nov-12
1
A330-300
Trent
Nov-12
1
Cathay Pacific
Loan/Finance/Refinanced
Credit Agricole Corporate and Investment Bank
A330-300
Trent
Nov-12
2
Thai Airways International
Tax Lease| Loan/Finance/Refinanced
Natixis
A330-300
Trent
Nov-12
1
TUI Aviation
Loan/Finance/Refinanced
KfW IPEX-Bank
A330-300
Trent
Dec-12
1
Loan/Finance/Refinanced| Tax Lease
Credit Agricole Corporate and Investment Bank| Helaba Landesbank Hessen Thuringen| Kasikornbank
Purchase AerCap
ECA / EXIM Purchase - Lease Attached
Operating Lease - Sale and Lease Back
A330-300
Trent
Dec-12
3
A330-300HGW
PW4000
Jan-12
1
A330-300HGW
PW4000
Jan-12
1
A330-300HGW
PW4000
May-12
2
A330-300HGW
PW4000
May-12
4
A330 -300HGW
PW4000
Jun-12
1
A330-300HGW
CF6
Jul-12
8
A330-300HGW
PW4000
Nov-12
1
A330-300HGW
CF6
Dec-12
1
A330 Series TBD
Trent
Jan-12
2
A340-200
CFM56
Jan-12
3
South African Airways
Loan/Finance/Refinanced
A340-300
CFM56
Jan-12
5
ILFC
Capital Markets
A340-300
CFM56
Mar-12
3
Purchase
A340-300
CFM56
Apr-12
2
Purchase
A340-300
CFM56
Jul-12
3
Purchase
A340-300
CFM56
Jul-12
2
Purchase
A340-300
CFM56
Sep-12
1
Purchase
A340-300
CFM56
Oct-12
1
Purchase
A340-500
Trent
Oct-12
5
Purchase
A340-500
Trent
Nov-12
2
Purchase
A340-600
Trent
Jan-12
1
A340-600
Trent
Aug-12
1
A380-800
GP7200
Jan-12
1
Air France
Loan/Finance/Refinanced
A380-800
GP7200
Jan-12
1
Emirates Airline
Loan/Finance/Refinanced
A380-800
GP7200
Jan-12
1
Emirates Airline
Tax Lease
A380-800
TBC
Feb-12
4
SAS
Loan/Finance/Refinanced
SkyWorks Leasing
Operating Lease - Sale and Lease Back Novus Aviation
Loan/Finance/Refinanced Operating Lease - Sale and Lease Back
Malaysia Airlines
ECA / EXIM
HSBC Bank | Citibank| ANZ Bank| Standard Chartered Bank
Purchase - Lease Attached Operating Lease - Sale and Lease Back Guggenheim Aviation Partners
Loan/Finance/Refinanced Purchase - Lease Attached Operating Lease - Sale and Lease Back
ILFC
Capital Markets Purchase NordLB Dubai Islamic Bank| Al Hilal Bank| Ajman Bank
Operating Lease - Sale and Lease Back
A380-800
GP7200
Feb-12
1
Emirates Airline
Finance Lease
Doric
A380-800
Trent
Mar-12
1
Lufthansa
JOL
The Bank of Mitsubishi Tokyo
A380-800
GP7200
Apr-12
1
Air France
ECA / EXIM| Tax Lease
Credit Agricole Corporate and Investment Bank| Sumitomo Mitsui Banking (SMBC)
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
A380-800
Trent
Apr-12
2
Thai Airways International
ECA / EXIM
Citibank| BayernLB| Natixis
A380-800
Trent
May-12
6
A380-800
Trent
May-12
2
Lufthansa
ECA / EXIM
A380-800
GP7200
Jun-12
4
Emirates Airline
Capital Markets
A380-800
Trent
Oct-12
1
A380-800
Trent
Oct-12
1
WealthCap
Loan/Finance/Refinanced
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
Operating Lease - Sale and Lease Back Helaba Landesbank Hessen Thuringen
Operating Lease - Sale and Lease Back
66 | Flightglobal Insight | Aircraft Finance 2013
EastMerchant Capital| Australia & New Zealand Banking Group
Aircraft finance 2013
Debt provider
Equity providers
Buyer
Seller
CDB Leasing
AerCap
AerCap
Singapore Airlines
AerDragon Aviation Partners
Singapore Airlines
CDB Leasing
Virgin Atlantic Airways
Deucalion Aviation Funds
Penerbangan Malaysia Berhad
ICBC Leasing
BOC Aviation
MC Aviation Partners/Mitsubishi Corporation
Corsair
Novus Aviation
Malaysia Airlines
MOF
Malaysia Airlines
Aircastle Advisor
CIT Aerospace
BOC Aviation
Iberia
CDB Leasing
GECAS
China Aircraft Leasing
Air China
China Eastern Airlines
ICBC Leasing
Airbus Asset Management
China Eastern Airlines
Airbus Asset Management
China Eastern Airlines
Undisclosed Bank / Broker / Lessor
Lufthansa
GECAS Asset Management Services
GMT Global Republic Aviation
Undisclosed Bank / Broker / Lessor
Iberia
WestLB
Royal Bank of Scotland
Citibank
BayernLB Credit Agricole Corporate and Investment Bank| Lotte Capital Co. Natixis| Standard Chartered Bank| Commerzbank
Natixis
Undisclosed Bank / Broker / Lessor NordLB
First Energy Bank
Undisclosed Bank / Broker / Lessor
Grofin Africa Fund
Airbus Asset Management
Singapore Airlines
Azerbaijan Airlines
A J Walter Aviation
Avaio
Virgin Atlantic Airways
VEB-Leasing
Transaero Airlines
MOF
Malaysia Airlines
WealthCap
Singapore Airlines
NordLB NordLB
Hansa Treuhand Ship Beteiligungs & Co. KG
The Bank of Mitsubishi Tokyo |Sumitomo Mitsui Banking (SMBC) Fuyo General Lease Company Sumitomo Mitsui Trust Bank Citibank
Aircraft Finance 2013 |Flightglobal Insight | 67
Aircraft finance 2013
Aircraft finance deals announced in 2012 Aircraft model Engine type Month Number of Customer aircraft
Deal structure
Arrangers
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
ATR 42-300
PW100
Mar-12
1
Purchase
ATR 42-300
PW100
Mar-12
1
Purchase
ATR 42-300
PW100
May-12
1
Purchase
ATR 42-300
PW100
Jun-12
1
Purchase
ATR 42-300
PW100
Jul-12
1
Purchase
ATR 42-300
PW100
Jul-12
1
Purchase
ATR 42-300
PW100
Sep-12
1
Purchase
ATR 42-300
PW100
Oct-12
5
Purchase - Lease Attached
ATR 42-300
PW100
Oct-12
2
Purchase - Lease Attached
ATR 42-300
PW100
Nov-12
1
Purchase
ATR 42-300
PW100
Dec-12
1
Purchase
ATR 42-500
PW100
Jan-12
1
Purchase
ATR 42-500
PW100
Oct-12
2
Purchase
ATR 42-500
PW100
Oct-12
1
Purchase
ATR 42-500
PW100
Nov-12
2
Purchase
ATR 42-500
PW100
Dec-12
1
ATR 42-600
PW100
Jun-12
2
Air Tahiti
Tax Lease
ATR 42-600
PW100
Dec-12
1
Precision Air
Finance Lease
ATR 72-200
PW100
Mar-12
1
Purchase
ATR 72-200
PW100
Apr-12
1
Purchase
ATR 72-200
PW100
May-12
3
Purchase
ATR 72-200
PW100
Jun-12
1
Purchase - Lease Attached
ATR 72-200
PW100
Aug-12
1
Purchase
ATR 72-200
PW100
Oct-12
3
Purchase
ATR 72-200
PW100
Nov-12
1
Purchase
ATR 72-500
PW100
Apr-12
1
ATR 72-500
PW100
Apr-12
1
ATR 72-500
PW100
Jun-12
1
ATR 72-500
PW100
Jun-12
1
ATR 72-500
PW100
Jul-12
1
ATR 72-500
PW100
Aug-12
1
Purchase
ATR 72-500
PW100
Aug-12
1
Purchase
ATR 72-500
PW100
Oct-12
1
Purchase
ATR 72-500
PW100
Nov-12
2
Purchase
ATR 72-500
PW100
Dec-12
1
ATR 72-500
PW100
Dec-12
2
ATR 72-600
PW100
Apr-12
5
ATR 72-600
PW100
Apr-12
5
Nordic Aviation Capital
ATR 72-600
PW100
Jul-12
4
Air New Zealand
ATR 72-600
PW100
Sep-12
5
ATR 72-600
PW100
Dec-12
2
Lion Air
Loan/Finance/Refinanced
CRJ100
CF34
Mar-12
1
Cemair
Loan/Finance/Refinanced
CRJ100
CF34
Jun-12
1
Purchase
CRJ100
CF34
Jun-12
4
Purchase
CRJ100
CF34
Oct-12
3
Purchase
CRJ100
CF34
Oct-12
1
Purchase
CRJ100
CF34
Nov-12
2
Purchase
CRJ100
CF34
Nov-12
2
Purchase
CRJ100
CF34
Dec-12
5
Purchase
CRJ100
CF34
Dec-12
2
Purchase
CRJ200
CF34
Jan-12
1
Purchase
CRJ200
CF34
Feb-12
1
Purchase
CRJ200
CF34
Feb-12
1
Purchase
CRJ200
CF34
Feb-12
1
Purchase
Loan/Finance/Refinanced
Purchase Credit Agricole Corporate and Investment Bank
Purchase Airlinair
Finance Lease Purchase Purchase
Buddha Air
Loan/Finance/Refinanced
Purchase Lion Air
Loan/Finance/Refinanced
Transportation Partners
Operating Lease - Sale and Lease Back ECA / EXIM| Tax Lease Tax Lease
The Bank of Mitsubishi Tokyo
Operating Lease - Sale and Lease Back
68 | Flightglobal Insight | Aircraft Finance 2013
Transportation Partners
Aircraft finance 2013
Debt provider
Equity providers
Buyer
Seller
MAP Linhas Aereas
TRIP
Pascan Aviation
BKM Luftfahrt
Calm Air
Willis Lease Finance Corporation
West Wind Aviation
Fly540
Atlantique Air Assistance
Sodelem SA & Oseo Financement
Blue Islands
Atlantique Air Assistance
Magellan Group
Antrak Air
ACIA Aero
ATR Asset Management
ACIA Aero
Merinos Leasing
Tropical Air
Precision Air
Calm Air
BKM Luftfahrt
Taimyr Air - NordStar
Flybe Nordic
Airline Contract Maintenance and Equipment
ASL Aviation Group
Hawaiian Airlines
Airline Contract Maintenance and Equipment
Nordic Aviation Capital
Azerbaijan Airlines
Island Transvoyager
Nordic Aviation Capital
Vip Wings
Airlinair
Imetame Metalmechanica
ATR Asset Management
Magellan Group
Nordic Aviation Capital
ACIA Aero
ATR
DAT - Danish Air Transport
Cimber Air-Leasing
Overland Airways
ATR Asset Management
Solenta Aviation
ATR Asset Management
Airlinair
Air Vendee Investissements
ATR
Air Nostrum
ATR
Santander Central Hispano Lease
ATR
Air Nostrum
Passaredo Transportes Aereos
ATR
ATR
Air Nostrum
Nordic Aviation Capital
Azerbaijan Airlines
Passaredo Transportes Aereos
ATR
Nordic Aviation Capital
Air Nostrum
GECAS
Azul
Atlantic Jet Support
SW Holding Trust
FL Technics (Lithuania)
Fleet Credit
Avmax Aircraft Leasing
Air Canada
Cemair
ALF V
Emery Air Charter
FL Technics (Lithuania)
Pragma MB
Aircraft Leasing & Management
Avmax Aircraft Leasing
Air Canada
Eagle Aviation
Comair
Clarks Summit II
JL Sarah Lease
Bombardier
Eurowings
Investec Bank
Antelope Leasing
Natixis Lease
International Finance
BNP Paribas Deutsche Bank AG| KfW IPEX-Bank The Bank of Mitsubishi Tokyo BNP Paribas Residco
Eagle Aviation
GECAS
Kinetic Motion
Clarks Summit II
Aircraft Finance 2013 |Flightglobal Insight | 69
Aircraft finance 2013
Aircraft finance deals announced in 2012 Aircraft model Engine type Month Number of Customer aircraft
Deal structure
CRJ200
CF34
Apr-12
1
Purchase
CRJ200
CF34
Apr-12
1
Purchase
CRJ200
CF34
May-12
1
Purchase
CRJ200
CF34
May-12
1
Purchase
CRJ200
CF34
May-12
1
Purchase
CRJ200
CF34
May-12
1
Purchase
CRJ200
CF34
May-12
1
CRJ200
CF34
May-12
1
CRJ200
CF34
Jun-12
1
CRJ200
CF34
Jul-12
1
CRJ200
CF34
Jul-12
5
ExpressJet Airlines
CRJ200
CF34
Jul-12
2
SkyWest Airlines
CRJ200
CF34
Aug-12
1
Purchase
CRJ200
CF34
Sep-12
1
Purchase
CRJ200
CF34
Sep-12
1
Purchase
CRJ200
CF34
Oct-12
2
Purchase
CRJ200
CF34
Oct-12
3
Purchase
CRJ200
CF34
Oct-12
1
Purchase
CRJ200
CF34
Oct-12
1
Purchase
CRJ200
CF34
Oct-12
1
CRJ200
CF34
Oct-12
4
CRJ200
CF34
Nov-12
1
Purchase
CRJ200
CF34
Nov-12
1
Purchase
CRJ200
CF34
Nov-12
1
Purchase
CRJ200
CF34
Nov-12
1
Purchase
CRJ200
CF34
Dec-12
1
Purchase
CRJ200
CF34
Dec-12
1
CRJ200
CF34
Dec-12
57
GECAS
Capital Markets
CRJ200
CF34
Dec-12
1
SkyWest Airlines
Loan/Finance/Refinanced
CRJ700
CF34
Jul-12
2
ExpressJet Airlines
CRJ700
CF34
Dec-12
1
CRJ700
CF34
Dec-12
7
CRJ900
CF34
Jun-12
3
CRJ900
CF34
Jul-12
2
AVIC International Leasing
ECA / EXIM
CRJ900
CF34
Oct-12
13
Delta Air Lines
Loan/Finance/Refinanced
CRJ900
CF34
Nov-12
2
RwandAir
CRJ900
CF34
Dec-12
2
CRJ900
CF34
Dec-12
1
Purchase
Dash 8-100
PW100
Jan-12
1
Purchase
Dash 8-100
PW100
Feb-12
2
Dash 8-100
PW100
Mar-12
1
Purchase
Dash 8-100
PW100
Apr-12
1
Purchase
Dash 8-100
PW100
May-12
1
Purchase
Dash 8-100
PW100
May-12
2
Purchase
Dash 8-100
PW100
Jun-12
4
Operating Lease - Sale and Lease Back
Dash 8-100
PW100
Jun-12
1
Purchase
Dash 8-100
PW100
Jul-12
1
Purchase
Dash 8-100
PW100
Jul-12
1
Dash 8-100
PW100
Jul-12
1
Dash 8-100
PW100
Aug-12
3
Purchase
Dash 8-100
PW100
Sep-12
1
Purchase
Dash 8-100
PW100
Sep-12
1
Dash 8-100
PW100
Sep-12
1
Dash 8-100
PW100
Oct-12
3
Purchase
Dash 8-100
PW100
Oct-12
1
Purchase
Dash 8-100
PW100
Oct-12
1
Purchase
Dash 8-100
PW100
Oct-12
1
Purchase - Lease Attached
Arrangers
Purchase Canadian Regional Aircraft Finance Transac No1 Loan/Finance/Refinanced
Purchase Purchase Loan/Finance/Refinanced Loan/Finance/Refinanced
Purchase Delta Air Lines
Loan/Finance/Refinanced
Purchase
Loan/Finance/Refinanced Purchase - Lease Attached
GECAS
Capital Markets Operating Lease - Sale and Lease Back
ECA / EXIM Operating Lease - Sale and Lease Back
Avmax Aircraft Leasing
Loan/Finance/Refinanced
Purchase Frontier Alaska Aviation Trust
Loan/Finance/Refinanced
Purchase Fayard Enterprises
70 | Flightglobal Insight | Aircraft Finance 2013
Loan/Finance/Refinanced
China Exim Bank
Aircraft finance 2013
Debt provider
Equity providers
Buyer
Seller
MGC Airlines (Matekane Air)
SA Express
SCAT
Tyrolean Airways
Amaszonas
Avmax Aircraft Leasing
Bombardier
Eurowings
Regional One
Bombardier Services
Semirara Mining
Tailwind Capital
Voyageur Airways
Kinetic Motion
Matekane Farming CC
SA Express
Bombardier Capital
Eurowings
Eagle Aviation
GECAS
SCAT
First Greenwich Kahala
SCAT
GOAL German Operating Aircraft Leasing
Flying Colours
Bombardier Capital
Flying Colours
Bombardier
Peak Pacific Global
Bombardier
SkyWest Airlines
Comair
Unconfirmed Kazakhstan Airline
Tyrolean Airways
AviaAM Leasing
GECAS
Bombardier
GECAS
Stewart-Haas Racing
Canadian Regional Aircraft Finance Transaction No1
Nova Airways
Eagle Aviation
Delta Air Lines
GECAS
Trident Aviation
Air Nostrum
Delta Air Lines
Comair
AVIC International Leasing
China Express Airlines
Delta Air Lines
Pinnacle Airlines
NatWest Aerospace Trust Company
Zions First National Bank State Street Bank & Trust
Export Development Canada
Zions First National Bank Zions First National Bank
Export Development Canada Export Development Canada First Financial Insurance
Bombardier
Air Creebec
Air Inuit
DAT - Danish Air Transport
Air Iceland
National Jet Systems
AIRPT 2001-1 ABS Portfolio
ALS
Kahama Mining
Mexican Air Force
Air Inuit
Nordic Aviation Capital
Olympic Air
Wideroe
AeroCentury
Frontier Alaska Aviation Trust
Intellex Group
Intellex Group
Piraeus Financial Leasing
Fayard Enterprises
Liquidation Air Services
Fayard Enterprises
Aeroleasing International
Island Air
Overland Leasing Group
Choice Turbine
Fayard Enterprises
Frontier Alaska Aviation Trust
Avmax Aircraft Leasing
Willis Lease Finance Corporation
SN 146
AEC-341
Frontier Alaska Aviation Trust
Alberta Treasury Branches
First National Bank Alaska
Avtran
Aircraft Finance 2013 |Flightglobal Insight | 71
Aircraft finance 2013
Aircraft finance deals announced in 2012 Aircraft model Engine type Month Number of Customer aircraft
Deal structure
Dash 8-100
PW100
Oct-12
1
Frontier Alaska Aviation Trust
Loan/Finance/Refinanced
Dash 8-100
PW100
Oct-12
1
Island Air
Dash 8-100
PW100
Nov-12
1
Purchase
Dash 8-100
PW100
Nov-12
1
Purchase
Dash 8-100
PW100
Nov-12
1
Purchase
Dash 8-100
PW100
Nov-12
1
Dash 8-200
PW100
May-12
2
Dash 8-200
PW100
Jul-12
2
Purchase
Dash 8-300
PW100
Jan-12
1
Purchase
Dash 8-300
PW100
Jan-12
1
Purchase
Dash 8-300
PW100
Jan-12
1
Purchase
Dash 8-300
PW100
Jan-12
1
Purchase
Dash 8-300
PW100
Feb-12
1
Purchase
Dash 8-300
PW100
Apr-12
1
Purchase
Dash 8-300
PW100
Jul-12
1
Purchase
Dash 8-300
PW100
Jul-12
1
Dash 8-300
PW100
Jul-12
3
Dash 8-300
PW100
Aug-12
1
Loan/Finance/Refinanced
Purchase Avmax Aircraft Leasing
Loan/Finance/Refinanced
Purchase Nordic Aviation Capital
Loan/Finance/Refinanced Purchase
Dash 8-300
PW100
Aug-12
1
Purchase
Dash 8-300
PW100
Aug-12
1
Purchase
Dash 8-300
PW100
Aug-12
1
Purchase
Dash 8-300
PW100
Sep-12
1
Purchase
Dash 8-300
PW100
Sep-12
1
Purchase
Dash 8-300
PW100
Oct-12
1
Purchase
Dash 8-300
PW100
Oct-12
1
Purchase
Dash 8-300
PW100
Oct-12
1
Purchase
Dash 8-300
PW100
Oct-12
1
Purchase
Dash 8-300
PW100
Oct-12
1
Purchase
Dash 8-300
PW100
Oct-12
1
Purchase
Dash 8-300
PW100
Nov-12
1
Purchase
Dash 8-300
PW100
Nov-12
1
Purchase
Dash 8-300
PW100
Dec-12
1
Purchase
Dash 8-300
PW100
Dec-12
2
Purchase
Dash 8-300
PW100
Dec-12
2
Purchase
ERJ-135
AE 3007
May-12
1
Purchase
ERJ-135
AE 3007
Jun-12
18
ERJ-135
AE 3007
Aug-12
3
ERJ-135
AE 3007
Dec-12
21
Purchase - Lease Attached
Purchase Airlink - SA Airlink
Loan/Finance/Refinanced
ERJ-145
AE 3007
Feb-12
1
Purchase
ERJ-145
AE 3007
Mar-12
1
Purchase
ERJ-145
AE 3007
Mar-12
2
Purchase
ERJ-145
AE 3007
Apr-12
1
Purchase
ERJ-145
AE 3007
Jun-12
1
Purchase
ERJ-145
AE 3007
Jun-12
2
Purchase
ERJ-145
AE 3007
Jul-12
1
Purchase
ERJ-145
AE 3007
Aug-12
1
Purchase
ERJ-145
AE 3007
Aug-12
3
Purchase
ERJ-145
AE 3007
Aug-12
2
Purchase
ERJ-145
AE 3007
Aug-12
4
ERJ-145
AE 3007
Aug-12
10
ERJ-145
AE 3007
Sep-12
1
Purchase
ERJ-145
AE 3007
Oct-12
1
Purchase
ERJ-145
AE3007
Oct-12
4
ERJ-145
AE 3007
Oct-12
1
ERJ-145
AE 3007
Nov-12
2
Purchase
Fokker 100
RB.183 Tay
Jan-12
2
Purchase
Fokker 100
RB.183 Tay
Feb-12
1
Purchase
Purchase Aerovision Aircraft Services
Loan/Finance/Refinanced
Purchase Regourd Aviation
72 | Flightglobal Insight | Aircraft Finance 2013
Finance Lease
Arrangers
Aircraft finance 2013
Debt provider
Equity providers
Buyer
Seller
1201148 Alberta
AEC-341
DAT - Danish Air Transport
Nuuk Aircraft 1
Skytrans
GMG Airlines
Solomon Airlines
Ventos Management
Avmax Aircraft Leasing
Manufacturers & Traders Trust
AeroCentury
InterSky
Jione Financial
Air Senegal International
Northstar Avlease
SA Express
Skyservice Business Aviation
Caya de Ahrossos de Valencia Castellon Y Alicante
Nordic Aviation Capital
All Nippon Airways
African Barrick Gold
Skyservice Business Aviation
Air Inuit
SA Express
Government of Quebec
Capital Aviation Services
Avitrade Ireland
UniCredit Global Leasing Export
First National Bank Alaska Union Bank
Export Development Canada
P/F BankNordic Bombardier
Air Nostrum
Phoenix Heliparts
Avitrade Ireland
US Department of State - INL Air Wing (INL/A)
Phoenix Heliparts
Air Inuit
Bombardier Capital
Avmax Aircraft Leasing
Aircraft Solutions
Aircraft Solutions
NK Leasing
Fayard Enterprises
Air Service Gabon
Fayard Enterprises
Volvo Aero Services Aircraft Sales & Leasing
NK Leasing
Nordic Aviation Capital
Perimeter Airlines
Air Inuit
Travira Air
Bombardier
Field Aviation
Bombardier
Nordic Aviation Capital
NL Scorpio Lease
Airphil Express
Nordic Aviation Capital
Avmax Aircraft Leasing
Caribbean Airlines
Skytrans
AIRPT 2001-1 ABS Portfolio
Air Namibia
Regional
ECC Leasing
American Airlines
Nedbank ECC Leasing
American Airlines
Ogengene Air Services
Aircraft Solutions
CIT Aerospace
Bank of Hawaii Leasing
Enhanced Aero Maintenance SAS
Aircraft Solutions
Irmaos Passaura
Skyways
Globalia Group
Lagun Air
IBC Airways
FAP
Airlink - SA Airlink
Investment AB Janus
Aerovision Aircraft Services
429/448 Corp
Aerovision Aircraft Services
Bank of America
Aerovision Aircraft Services
GECAS
Aerovision Aircraft Services
Philip Morris Capital
Solenta Aviation
GECAS
Regional One
Continuity Air Finance IX
Aeromexico Connect
SL Canopy
NovoAir
Aircraft Solutions ERJ-145
JP Morgan Chase Bank
Natixis Lease Pembroke Group Bek Air
Eastindo Air Taxi & Charter
Aircraft Finance 2013 |Flightglobal Insight | 73
Aircraft finance 2013
Aircraft finance deals announced in 2012 Aircraft model Engine type Month Number of Customer aircraft
Deal structure
Fokker 100
RB.183 Tay
Feb-12
1
Purchase
Fokker 100
RB.183 Tay
May-12
1
Purchase
Fokker 100
RB.183 Tay
Jul-12
1
Purchase
Fokker 100
RB.183 Tay
Jul-12
1
Purchase
Fokker 100
RB.183 Tay
Aug-12
1
Purchase
Fokker 100
RB.183 Tay
Aug-12
4
Purchase
Fokker 100
RB.183 Tay
Sep-12
1
Purchase
Fokker 100
RB.183 Tay
Sep-12
1
Purchase
Fokker 100
RB.183 Tay
Nov-12
1
Purchase
Fokker 100
RB.183 Tay
Nov-12
2
Purchase
Fokker 100
RB.183 Tay
Nov-12
3
Fokker 100
RB.183 Tay
Nov-12
7
Fokker 100
RB.183 Tay
Dec-12
3
Purchase
Fokker 100
RB.183 Tay
Dec-12
1
Purchase
Fokker 100
RB.183 Tay
Dec-12
3
Purchase
Fokker 100
RB.183 Tay
Dec-12
8
Purchase - Lease Attached
MD-11
CF6
Apr-12
1
Purchase
MD-11
CF6
Jul-12
1
Purchase
MD-11
PW4000
Nov-12
1
MD-11F
CF6
Jan-12
4
MD-11F
CF6
Jun-12
1
Purchase
MD-11F
PW4000
Oct-12
2
Purchase
MD-11F
CF6
Nov-12
1
Purchase
MD-11F
PW4000
Nov-12
1
Purchase
MD-11F
CF6
Dec-12
1
Purchase
MD-11F
CF6
Dec-12
1
Purchase
MD-81
JT8D
Jun-12
1
Purchase
MD-81
JT8D
Jun-12
1
Purchase
MD-82
JT8D
Feb-12
1
Purchase
MD-82
JT8D
Feb-12
1
Purchase
MD-82
JT8D
Mar-12
1
Purchase
MD-82
JT8D
Mar-12
1
Purchase
MD-82
JT8D
Mar-12
1
Purchase
MD-82
JT8D
Apr-12
1
Purchase
MD-82
JT8D
Apr-12
1
Purchase
MD-82
JT8D
Apr-12
2
Purchase
MD-82
JT8D
Apr-12
1
Purchase
MD-82
JT8D
May-12
2
Purchase
MD-82
JT8D
May-12
1
Purchase
MD-82
JT8D
May-12
1
Purchase
MD-82
JT8D
Jun-12
7
Purchase
MD-82
JT8D
Jul-12
1
Purchase
MD-82
JT8D
Jul-12
1
Purchase
MD-82
JT8D
Jul-12
1
Purchase
MD-82
JT8D
Jul-12
2
Purchase - Lease Attached
MD-82
JT8D
Aug-12
1
Purchase
MD-82
JT8D
Aug-12
3
Purchase
MD-82
JT8D
Aug-12
2
Purchase
MD-82
JT8D
Aug-12
1
Purchase - Lease Attached
MD-82
JT8D
Sep-12
1
Purchase
MD-82
JT8D
Sep-12
2
Purchase
MD-82
JT8D
Sep-12
3
Purchase
MD-82
JT8D
Sep-12
4
Purchase
MD-82
JT8D
Sep-12
2
Purchase
MD-82
JT8D
Sep-12
5
MD-82
JT8D
Sep-12
1
MD-82
JT8D
Oct-12
1
Purchase Jet Midwest
Loan/Finance/Refinanced
Purchase FedEx
Capital Markets
Purchase - Lease Attached Air Capital Group
74 | Flightglobal Insight | Aircraft Finance 2013
Loan/Finance/Refinanced Purchase
Arrangers
Aircraft finance 2013
Debt provider
Equity providers
Buyer
Seller
Skywest Airlines (Australia)
France Aircraft Finance V
Air Panama
Jet Trading & Leasing
Bukovyna Airlines
KLM cityhopper
Sky Aviation
Premiair (Indonesia)
Air Panama
Jet Trading & Leasing
Jet Midwest
MS Financing
Bukovyna Airlines
KLM cityhopper
Jet Midwest
Aviation Leasing
Jet Midwest
Aviation Leasing
Jet Midwest
Aviation Leasing
Undisclosed Bank / Broker / Lessor
Brit Air
Kish Air
Undisclosed Bank / Broker / Lessor
Skyward International Aviation
Jet Trading & Leasing
Skywest Airlines (Australia)
Capital Lease Aviation
Undisclosed Bank / Broker / Lessor
Airfleet Credit
Unical Aviation
Vx Capital Partners
Unical Aviation
BBAM
Unical Aviation
Boeing Capital
Nordic Global Airlines
EVA Air
FedEx
ILFC
Nordic Global Airlines
EVA Air
Unical Aviation
ILFC
EirTrade Aviation Ireland
AWAS
M48435
CIT Aerospace
Amur Finance 1
Airline Support Sweden
Air Sweden
L & E Sweden /Advantage Aviation Services Sweden
Airline Support Sweden
Stewart Industries International
American Airlines
US Aviation
Jet Midwest
GA Telesis
AWAS
Jet Midwest
John Hancock Leasing
Zagros Airlines
Khors Aircompany
Tango Airways
US Aviation
Undisclosed Bank / Broker / Lessor
GA Telesis
Undisclosed Bank / Broker / Lessor
Volito Aviation Services
Zagros Airlines
AP Finance
American Airlines
Boeing Capital
GA Telesis
HNB Investment
SAS
Terra Brains
Aircraft & Engine Support
Alitalia
City National Bank
IAL Alaska I Corp
Zagros Airlines
AP Finance
Zagros Airlines
AP Financing
Citigroup Financial Products
Credit Foncier de France
Air Capital Group
GS/MC Leasing Holdings (MD82)
Aviation Leasing
GA Telesis
Jet Midwest
Key Equipment Finance
Bank of America
Manufacturers Hanover Leasing International
Air Capital Group
SVMF 37
Aviation Leasing
GA Telesis
Delta Air Lines
SAS
GA Telesis
Manufacturers Hanover Leasing International
Maxavia
Wind Rose Aviationy
GA Telesis
Undisclosed Bank / Broker / Lessor
B & C Aero Investments
City National Bank
SVMF 37
Aircraft Finance 2013 |Flightglobal Insight | 75
Aircraft finance 2013
Aircraft finance deals announced in 2012 Aircraft model Engine type Month Number of Customer aircraft
Deal structure
MD-82
JT8D
Oct-12
1
Purchase
MD-82
JT8D
Oct-12
1
Purchase - Lease Attached
MD-82
JT8D
Nov-12
1
Purchase
MD-82
JT8D
Nov-12
1
Purchase
MD-82
JT8D
Nov-12
3
Purchase
MD-82
JT8D
Nov-12
1
MD-82
JT8D
Nov-12
3
MD-82
JT8D
Dec-12
1
Purchase
MD-82
JT8D
Dec-12
2
Purchase
MD-83
JT8D
Jan-12
1
Purchase
MD-83
JT8D
Feb-12
1
Purchase
MD-83
JT8D
Mar-12
1
Purchase
MD-83
JT8D
Mar-12
1
Purchase
MD-83
JT8D
Apr-12
1
Purchase
MD-83
JT8D
Apr-12
1
Purchase
MD-83
JT8D
May-12
2
Purchase
MD-83
JT8D
Jun-12
1
Purchase
MD-83
JT8D
Jun-12
1
Purchase
MD-83
JT8D
Jun-12
1
Purchase
MD-83
JT8D
Jun-12
1
Purchase
MD-83
JT8D
Jul-12
1
Purchase
MD-83
JT8D
Jul-12
1
MD-83
JT8D
Jul-12
1
MD-83
JT8D
Sep-12
1
Purchase - Lease Attached
MD-83
JT8D
Sep-12
1
Purchase
MD-83
JT8D
Sep-12
2
Purchase
MD-83
JT8D
Oct-12
3
Purchase
MD-83
JT8D
Oct-12
1
Purchase
MD-83
JT8D
Oct-12
1
Purchase
MD-83
JT8D
Oct-12
1
Purchase
MD-83
JT8D
Oct-12
1
Purchase - Lease Attached
MD-83
JT8D
Oct-12
1
Purchase - Lease Attached
MD-83
JT8D
Nov-12
1
Purchase
MD-83
JT8D
Nov-12
1
Purchase
MD-83
JT8D
Nov-12
1
Purchase
MD-83
JT8D
Nov-12
1
MD-83
JT8D
Nov-12
1
MD-83
JT8D
Dec-12
2
Purchase Purchase
Arrangers
Purchase Jet Midwest
Loan/Finance/Refinanced
Purchase Jetran International
Loan/Finance/Refinanced
Purchase Jet Midwest
Loan/Finance/Refinanced
MD-83
JT8D
Dec-12
1
MD-83
JT8D
Dec-12
1
MD-87
JT8D
Jan-12
1
Allegiant Air
Loan/Finance/Refinanced
MD-87
JT8D
Feb-12
1
1time Airline
Loan/Finance/Refinanced
MD-87
JT8D
Apr-12
1
Purchase
MD-87
JT8D
Apr-12
1
Purchase
MD-87
JT8D
Apr-12
1
MD-87
JT8D
Jun-12
2
MD-87
JT8D
Jul-12
1
MD-87
JT8D
Jul-12
2
MD-87
JT8D
Sep-12
2
Purchase
MD-87
JT8D
Sep-12
1
Purchase
MD-87
JT8D
Sep-12
2
Purchase
MD-87
JT8D
Sep-12
1
MD-87
JT8D
Oct-12
2
MD-88
JT8D
Jan-12
2
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 Citadel Securities
Purchase Allegiant Air
Loan/Finance/Refinanced
Citadel Securities
Purchase Allegiant Air
Loan/Finance/Refinanced
Citadel Securities
Purchase Allegiant Air
Loan/Finance/Refinanced
Citadel Securities
Purchase
76 | Flightglobal Insight | Aircraft Finance 2013
Purchase
Aircraft finance 2013
Debt provider
Equity providers
Buyer
Seller
GA Telesis
HNB Investment
GA Telesis
Citigroup Financial Products
Air Capital Group
Undisclosed Bank / Broker / Lessor
Air Capital Group
US Bancorp Equipment Finance | Algemene Bank Netherland
LASER
Aviation Leasing
SAS
MC Aviation Partners/Mitsubishi
Jet Midwest
Gryphon Airlines
SAS
MC Aviation Partners/Mitsubishi
Caspian Airlines
Global Air
Austral
Avcorp 115
GA Telesis
AWAS
Zagros Airlines
Khors Aircompany
DANA Air
Jet Midwest
Undisclosed Bank / Broker / Lessor
GA Telesis
Pennant Aviation
AIRPT 2001-1 ABS Portfolio
Caspian Airlines
J.T.R. Company
Jetran International
AFT 1999-1 ABS Portfolio
Amur Finance 1
Khors Aircompany
Finaircraft
Khors Aircompany
Viking Airlines
Jet Midwest
AWAS
Khors Aircompany
Finaircraft
Undisclosed Bank / Broker / Lessor
EAST 2000-1 ABS Portfolio
ATA Air
J.T.R. Company
Caspian Airlines
Khors Aircompany
Jetran International
AIRPT 2001-1 ABS Portfolio
Jetran International
GECAS
MSN 53470
Air Capital Group
Undisclosed Bank / Broker / Lessor
AWAS
Air Capital Group
Undisclosed Bank / Broker / Lessor
MSN 53052
World Atlantic Airlines Leasing
ATA Air
J.T.R. Company
American Airlines
GECAS
ATA Air
J.T.R. Company
Bravo Airways
Airtex Enterprises
Grand Bank of Texas
Amur Finance 1 ATA Air
J.T.R. Company
Swift Aircargo
Jet Midwest
Zagros Airlines
Khors Aircompany
Corsair Two
Strategic Air Finance
SAS
Tiger Aircraft Trading
Strategic Air Finance
SAS
Strategic Air Finance
SAS
Corsair Two
Strategic Air Finance
Delta Air Lines
SAS
Kam Air
Allegiant Air
Strategic Air Finance
SAS
Allegiant Air
GECAS
Infinity Trading & Solutions
Dynamic Aviation Group
Astrail Aviation One
Aircraft Finance 2013 |Flightglobal Insight | 77
Aircraft finance 2013
Aircraft finance deals announced in 2012 Aircraft model Engine type Month Number of Customer aircraft
Deal structure
Arrangers
MD-88
JT8D
Jun-12
1
Purchase
MD-88
JT8D
Jun-12
1
MD-88
JT8D
Jul-12
10
Delta Air Lines
MD-88
JT8D
Jul-12
2
Vx Capital Partners
MD-88
JT8D
Sep-12
1
MD-88
JT8D
Nov-12
3
MD-88
JT8D
Dec-12
1
MD-88
JT8D
Dec-12
1
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
MD-90
V2500
Sep-12
6
Delta Air Lines
Loan/Finance/Refinanced
MD-90
V2500
Dec-12
1
AerSale
Loan/Finance/Refinanced
Q400
PW100
Feb-12
1
Purchase - Lease Attached
Q400
PW100
Mar-12
4
Purchase
Q400
PW100
May-12
6
Operating Lease - Sale and Lease Back
Q400
PW100
Jun-12
5
Operating Lease - Sale and Lease Back
Q400
PW100
Jun-12
1
Purchase
Q400
PW100
Jun-12
5
Operating Lease - Sale and Lease Back
Q400
PW100
Jul-12
5
Operating Lease - Sale and Lease Back
Q400
PW100
Jul-12
1
Purchase
Q400
PW100
Jul-12
1
Purchase
Q400
PW100
Jul-12
1
Purchase
Q400
PW100
Jul-12
8
Operating Lease - Sale and Lease Back
Q400
PW100
Aug-12
1
Purchase
Q400
PW100
Aug-12
13
Q400
PW100
Aug-12
6
Jazz
ECA / EXIM
Q400
PW100
Aug-12
2
Luxair
Finance Lease
Q400
PW100
Aug-12
2
Regional Equipment Trust
Loan/Finance/Refinanced
Q400
PW100
Aug-12
2
Republic Airlines
Q400
PW100
Sep-12
1
Purchase
Q400
PW100
Sep-12
1
Purchase
Q400
PW100
Sep-12
1
Q400
PW100
Sep-12
1
Q400
PW100
Sep-12
2
Operating Lease - Sale and Lease Back
Q400
PW100
Oct-12
2
Purchase
Q400
PW100
Nov-12
1
Purchase
Q400
PW100
Nov-12
1
Q400
PW100
Nov-12
1
Q400
PW100
Dec-12
3
SSJ 100-95
SaM146
Jun-12
20
Purchase Loan/Finance/Refinanced Loan/Finance/Refinanced Purchase Vx Capital Partners
Loan/Finance/Refinanced Purchase Purchase
Purchase Wells Fargo Bank
Purchase
Loan/Finance/Refinanced
Purchase AMRA Leasing
Loan/Finance/Refinanced
Purchase Luxair
Finance Lease Purchase
Interjet
ECA / EXIM
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
Natixis
Aircraft finance 2013
Debt provider
Equity providers
Buyer
Seller
Jet Tech International
BBAM
Taban Air
Bukovyna Airlines
Fossco
Dynamic Aviation Group
Air Capital Group
BBAM
Taban Air
Bukovyna Airlines
AerSale
Saudi Arabian Airlines
BTV Leasing Schweiz
Centaurium Aviation AG
SAS
Sumitomo Mitsui Finance & Leasing
Nordic Aviation Capital
Eurolot
Nordic Aviation Capital
Olympic Air
AMRA Leasing
Alliance & Leicester
Pacific Western Bank Pacific Western Bank
US Bank
Nordic Aviation Capital
Olympic Air
Regional Equipment Trust
Colgan Air
3 Points Aviation
SAS
Magellan Group
Walker Aviation Leasing
Walker Aviation Leasing
German Operating Aircraft Leasing (GOAL)
Regional Equipment Trust
Colgan Air
Bombardier
Magellan Group
Regional Equipment Trust
Colgan Air
AMRA Leasing
Lloyds Bank
AMRA Leasing
Walker Aviation Leasing
Undisclosed Bank / Broker / Lessor
SAS
Nordic Aviation Capital
Eurolot
Bombardier
Horizon Air
Bombardier
AMRA Leasing
L-3 Communications Advanced Aviation
Bombardier
VEB-Leasing
Luxair
Export Development Canada ElleGe Export Development Canada Export Development Canada
NordLB
ElleGe Vnesheconombank
Aircraft Finance 2013 |Flightglobal Insight | 79
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