Credit Agricole CIB has arranged a sustainability-linked aircraft secured term loan via a JOLCO to finance one A350-900 on behalf of Air France. The deal closed on December 20, 2023.
The financing conditions are linked to Air France achieving certain sustainability performance targets.
Credit Agricole CIB acted as global arranger, sustainability coordinator and is also, alongside Credit Industriel et Commercial, a lender in the transaction.
Air France will extend its Paris and North Carolina route to 7 flights weekly in summer 2024, using the A350-900. The airline will also extend its Paris and Abu Dhabi route to daily operations with the A350-900 aircraft.