Credit Agricole CIB has arranged a sustainability-linked aircraft secured term loan via a Japanese operating lease with a call option (JOLCO) to finance one A350-900 for Air France.
The financing conditions are linked to Air France achieving certain sustainability performance targets, which includes a proportion of new-generation aircraft and the use of sustainable aviation fuel (SAF).
Credit Agricole CIB acted as global arranger and sustainability coordinator. It also acted as lender alongside Bank of Communications, CIC, and Korea Development Bank (KDB).