DVB Bank has closed two separate finance facilities with Guggenheim Aviation Partners for two A330-200 aircraft on lease to Jet Airways and three B777-200ER aircraft on lease to American Airlines.
The finance facility for the two A330-200 aircraft on lease to Jet Airways closed in late March. Both aircraft were delivered new to Jet Airways in 2008 and were subject to a sale/leaseback with Guggenheim’s managed fund. The finance facility for three B777-200ER aircraft on lease to American Airlines closed in early June. The aircraft were originally delivered to American from 2000 to 2002 and were also subject to a sale/leaseback earlier this year with the Guggenheim fund. DVB Bank provided a back leveraging of this acquisition by the Guggenheim fund.
Bertrand Grabowski, Member of the Board of Managing Directors of DVB Bank and responsible for aviation, says: "We are delighted to have closed these transactions and further cement the relationship between DVB Bank and Guggenheim. In working with Guggenheim’s Singapore-based head of finance, DVB, as a truly global institution in Aviation Finance, has delivered locally the same quality service that our clients expect at any point of the globe.