Archives: February 2014

Aviation Finance Company Limited complete a follow-on Pre-Delivery Payment financing for a 9th Airbus A330 aircraft, for Synergy Aerospace Corp. topping the facilities to $294 million

Synergy’s Aerospace Corp will operate A330-200 aircraft to maintain growth in the Airline Group’s long-haul routes.

DUBLIN, January 10, 2014 Aviation Finance Company Limited (AFC) announced the completion of a follow-on financing for Synergy increasing the pre-delivery payment (PDP) facilities for Synergy’s A330 orders to over $294 million. This follows the first ever multi-tranche debt capital market $263 million Pre-Delivery Payment (PDP) financing for 8 Airbus A330 completed in 2013. AFC had the PDP facility rated for insurance investors. Synergy is the majority owner of Avianca, a leading Latin American airline conglomerate. Read more…