National Aviation Company Signs For Pre Delivery Financing Of 777s

National Aviation Company of India Limited signed a Pre Delivery Finance Loan Facility for a sum of USD 214.118 million for three 777-200LRs and five 777-300ERs to be delivered in 2009 and 2010. The lead arrangers of the facility are Bank of Scotland and Deutsche Bank. The co-arrangers of the facility are ING Bank and Natixis Transport Finance.
The facility was negotiated at very competitive pricing and was signed in London on 30th July 2008. The facility will be repaid from the delivery financing to be concluded for the aircraft. NACIL has so far taken the delivery of 38 new aircraft from the 111 ordered so far. This comprise a mix of Airbus and Boeing 737 and 777 aircraft. The state-of-the-art technology aircraft are being used both on the domestic and international sectors giving passengers the opportunity of experiencing the latest inflight audio video entertainment facility and more convenient seats.
11/08/08 Prdomain Business Register

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Categories: Foreign Aug 2008, NACIL Aug 2008