Airbus A330-300 for AerCap / Virgin Atlantic

Helaba is financing around USD 78.5 millions for AerCap, one of the world’s largest aircraft leasing companies, for the first Airbus 330-300 of the British airline company Virgin Atlantic, which belongs to the Virgin Group, whose founder is Richard Branson. Helaba is acting in the transaction as Sole Mandated Lead Arranger and is providing 100% of the debt financing over a period of 10 years.

AerCap had already agreed with Virgin Atlantic in 2009 on the purchase and leasing of six Airbus 330-300, in all. The leasing contracts run for 12 years. In addition, AerCap will lease four further Airbus 330-300 to Virgin Atlantic from its own order book.

The transaction underlines the mutual confidence of AerCap and Helaba in their long-standing and successful business partnership.


Investment:	Airbus A330-300
Customer:	Special purpose company of AerCap NV
Transaction:	Financing of an Airbus A330-300 (construction year 2011)
Type of Financing:	Long-term specific project loan
Volume:	USD 78.5 Mio
Maturity:	10 years
Function of Helaba:	Sole Mandated Lead Arranger
Division/Department	Helaba Asset Finance / Aviation
Closing/Funding:	Februar 2011