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Bombardier plans portfolio securitization
01 June 2005
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Bombardier
securitization
BAE Systems
Aviation
airline
Bombardier is planning a $1.7 billion securitization of 70 aircraft in its customer finance portfolio. Wachovia is arranging the deal.
Proceeds will refinance aircraft that have already been delivered and also allow Bombardier to fulfil future finance commitments that it has made as part of recent orders. Wachovia provided bridging loan aircraft that have been delivered.
Bombardier has been working on the deal for more...
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