Viva Aerobus closes new portfolio financing

Viva Aerobus (Viva) has closed a$154 million senior secured portfolio term loan. The airline intends to use the proceeds to support its acquisition of four A320ceo aircraft and four spare PW133 GTF engines. Mitsubishi UFJ Financial Group (MUFG) acted as the mandated lead arranger and structuring agent for the Mexican ultra-low-cost carrier. “We are pleased to announce the successful completion of our structured facility and are excited about this new partnership with MUFG,” says Christian Ramos, chief financial officer at Viva Aerobus. “With this transaction, we continue adding flexibility to our fleet and supporting our long-term growth plans, while strengthening our capital structure. We sincerely appreciate MUFG’s interest in Viva and hope to build on it in future transactions."" Benoist de Vimal, head of origination Americas at MUFG, said that Viva has “an impressive and successful track record”:  “MUFG is very pleased to start the relationship with Viva and proud to support the growth of the company through this unique financing facility, combining aircraft and engines, which will be core to the airline’s fleet going forward.”