Natixis Corporate and Investment Banking (Natixis CIB) closed a pre-delivery payment (PDP) financing facility for Azorra Aviation for Airbus A220-300 aircraft. This PDP facility will finance the initial A220 deliveries from Azorra’s twenty-two A220 Family aircraft order book including twenty A220-300s and two ACJ TwoTwenty aircraft.
Claudia Ziemer, Senior Director of Finance, Azorra, said: “We are very excited to work with Natixis, one of the worldwide leading Aviation lenders, to finance pre-delivery payments in connection with Azorra’s new technology Airbus A220 aircraft order book and we are looking forward to expanding this valued partnership.
Yevgeniya Levitin, Head of Aviation Americas, Natixis CIB, said: “We are happy to support the growth of Azorra and partner with this highly experienced team while financing one of the world's most fuel-efficient aircraft.”
According to Airbus, the A220 together with state-of-the-art aerodynamics, advanced materials, and Pratt & Whitney’s latest-generation PW1500G geared turbofan engines with 50% reduced noise footprint and up to 25% lower fuel burn
Natixis CIB acted as lead structuring agent, mandated lead arranger, and underwriter.