Avianca's ATR fleet financing awarded as “Regional aircraft deal of the year 2013” by Airfinance Journal

By Airbus Group from press release

2014/05/28 | 323 words | AVIATION WORLD NEWS | INDUSTRY / TECHNOLOGY

The 15 ATR 72-600s fleet financing for the Colombian national flag carrier Avianca has been awarded by Airfinance Journal as “Regional Jet/Turboprop Deal of the Year 2013”.

The award has been granted to the carrier at the 15th Annual Deals of the Year Awards Dinner ceremony, held in New York. It recognizes the innovative financing set up for this deal, the very first one obtained with “100% Guarantee” of the French and Italian Export Credit Agencies (ECAs), Coface and Sace respectively, after the extension by the French State of the 100% guarantee enhanced support to regional aircraft in 2013 to promote a more balanced and competitive playing field in the financing area.

The Avianca's ATR 72-600s financing has also been awarded as a recognition for being very first one to include a “Flip to Bond option”, an innovative structure enabling to refinance the operation on the capital markets through the conversion of the ECA-guaranteed loans into ECA-wrapped bonds.
The financing of this deal has been possible with the efforts of ATR, Avianca, HSBC, Appel Bank of Savings and BNP Paribas.

In recent years, other financing deals of ATR have also been granted by Airfinance Journal on the Year Awards ceremony. In 2011, the deal for the financing of a fleet of 6 ATR 72-600s of the Indian carrier Jet Airways already obtained the “Regional Jet/Turboprop Deal of the Year 2010”, while in 2009, the deal for the financing of 5 ATR 72-500s and 2 ATR 42-500s of the Tanzanian carrier Precision Air Services was granted with the “African Deal of the Year 2008”.

Commenting on this prestigious award, Eric Baravian, ATR's Senior Vice-President Finance and Chief Financial Officer of ATR, stated: “We are honored that Airfinance recognizes a financial deal which is a great achievement.
The award highlights the ability of all the actors that made this financing real to jointly set up particularly innovative solutions in order to introduce the newest ATR 72-600 series aircraft into Colombia.”

Aviation and aerospace newsletter

Sign up for free
to the weekly newsletter!

In the same theme:


VSR700 prototype performs first flight
2019/11/13 | AEROCONTACT | INDUSTRY / TECHNOLOGY

The prototype of Airbus Helicopters’ VSR700 unmanned aerial system has performed its first flight at a drone test centre near Aix-en-Provence in the south of Fra...


Denis Allard named general manager of Thales Alenia Space's Toulouse plant
2019/11/13 | AEROCONTACT | INDUSTRY / TECHNOLOGY

Denis Allard has been named General Manager of the Thales Alenia Space plant in Toulouse. He replaces Albert Cerro, who has retired.A graduate of the Ecole Supé...


Thales, peking university and école polytechnique sign a strategic cooperation agreement in physics to further advance scientific research in China
2019/11/13 | AEROCONTACT | INDUSTRY / TECHNOLOGY

- In the presence of Chinese President Xi Jinping and French President Emmanuel Macron, Thales is greatly honored to sign a strategic Cooperation Agreement with Peking...

See also:


2019/11/13 | LE JOURNAL DE L'AVIATION | INDUSTRY / TECHNOLOGY

Boeing on Monday said it expects the 737 MAX airplane, which was grounded after two crashes killed 346 people, to resume flying in January, delaying its return by one...


2019/10/31 | LE JOURNAL DE L'AVIATION | INDUSTRY / TECHNOLOGY

Boeing announced Thursday up to 50 of its popular 737NG planes had been grounded after cracks in them were detected, in another blow to the US aircraft maker followin...


Liebherr-Aerospace supporting ATR's GMA
2019/10/31 | LE JOURNAL DE L'AVIATION | MAINTENANCE / MRO

Liebherr-Aerospace will continue to provide support to ATR in its worldwide maintenance offer. During the MRO Europe exhibition which was held in London from 15th to 1...