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Asia Pacific Deal of the Year 2011
18 April 2012
Korean Air
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Deals of the Year
2011
Carriers continued to take advantage of low-cost export credit funding, particularly in Asia. But Korean Air closed the single largest transaction in the region: a $1.1 billion export credit loan for five A380s with four banks.
The aircraft are worth $1.95 billion at list prices. For five A380s delivered to KAL last year, banks could finance 23 737-800s or 22 A320s - the most ubiquitous aircraft on the planet.
The Korean carrier mandated four banks - Citi, Credit Agricole CIB, KfW-Ipex Bank and SMBC - for one...
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