Air France finances one A350-900 using a Balthazar-backed Sustainability-Linked Senior Secured Loan

On December 3 2021, Air France took delivery of its twelfth Airbus A350-900, which was financed by a sustainability-linked debt facility arranged and provided by Société Générale. Aircraft financing conditions are linked to the achievement by Air France of Sustainability Performance Targets (SPTs) in respect of sustainability-linked key performance indicators. The SPTs selected for the transaction are focusing on the proportion of new-generation and fuel-efficient aircraft in Air France’s fleet and the future usage of Sustainable Aviation Fuel (SAF) as part of Air France’s daily operations. The transaction is supported by a Balthazar non-payment insurance policy provided by a consortium