Europe

Air Caraibes closes funding for one A350-1000

  • Share this:
Air Caraibes closes funding for one A350-1000

Air Caraibes closed the funding for one A350-1000 on December 12, 2024. The airline is part of Groupe Dubreuil, which also owns low-cost carrier French Bee. 

Credit Agricole CIB (CACIB) secured a term loan to finance the aircraft in favour of Air Caraibes (and potentially also French Bee). 

The financing is supported by a Balthazar aviation non-payment insurance provided by five Balthazar insurers and arranged by insurance broker Marsh.

CACIB acted as co-arranger with the Caisse Regionale de Credit Agricole Mutuel Atlantique-Vendee. Both entities acted as lender, alongside six other Caisses Regionales de Credit Agricole Mutuel (Guadeloupe, Loire-Haute-Loire, Anjou et Maine, Centre-Ouest, Martinique et la Guyane, and Brie-Picardie) and La Banque Postale.