13 January 2014
Aviation Finance Company Ltd. said it has completed a follow-on financing for Synergy Aerospace Corp., increasing the pre-delivery payment facilities for Synergy´s A330 orders to over USD294m.
This follows the first ever multi-tranche debt capital market USD263m pre-delivery payment financing for eight 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. Airbus will deliver nine A330-200s to the group. The aircraft will operate in the group´s expanding network around the globe.
Synergy Aerospace is a South American conglomerate. Headquartered in in Sao Paulo, Brazil, the Group operates Avianca Brazil throughout Brazil and controls Avianca a conglomerate of former, AviancaTaca, Aerogal, Tampa and other smaller regional airlines, that operate in the Americas and, to and from Europe.
Aviation Finance invests in aviation businesses, financing aircraft and infrastructure critical to the development of global transportation.