AFC arranges PDP Financing for Air Europa
Dublin, July 8, 2015 — Aviation Finance Company Limited (AFC) announced today the completion of a pre-delivery payment (PDP) financing for a Boeing 787-8 aircraft expected to be delivered to Air Europa in 2017. AFC arranged funding for 100% of the PDP requirement and completed the transaction in less than 30 days to accommodate tight timelines by leveraging AFC’s access to the capital markets.
Juan Jose Hidalgo, President of Globalia, the parent company of Air Europa, commented “AFC’s capital markets operations create new and exciting avenues for financing fleets of new aircraft. Our 787 fleet is core to our operation and key to our growth. This financing directly supports our critical initiatives.”
“AFC is proud to be a strategic source of financing for airlines and the leasing community by working collaboratively with clients and investors to efficiently raise and deploy capital,” commented Douglas Brennan, CEO of AFC. “Our clients are in the business of operating the world’s best aircraft and the AFC team works tirelessly to support the financial side of those operations.”
About Air Europa
Air Europa, Spain’s largest privately-owned airline, based at Palma de Mallorca Airport, has its key hub at Adolfo Suarez-Madrid Barajas airport. Air Europa has grown to be one of the largest airlines in Spain serving more than 40 destinations across Europe and the Americas. Throughout its history, Air Europa has operated 737s, 757s and 767s and currently has a combination of 45 ERJ-195, Next-Generation 737-800s and Airbus A-330, additionally more Next-Generation 737-800s and 787 Dreamliners are on order from Boeing.
About Aviation Finance Company Limited (AFC)
Aviation Finance Company provides alternative sources of capital and arranges financing solutions through innovative financial engineering to meet the needs of the global transportation industry. AFC, headquartered in Dublin, Ireland, along with its sister company, AFC LLC in New York is a subsidiary of Stellwagen Finance Company.
The AFC group works collaboratively with investors, airlines and aircraft manufacturers to deliver outstanding finance solutions and service, a reliable investment partner and financial advisor to airlines and aviation operators seeking debt and equity financing.
Contact: Abigail Kavanagh