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Latam opts for pre-funded 777 US Ex-Im bond

01 August 2012

Latam Airlines states it is “likely” to do a second prefunded US Ex-Im bond to fund two more 777s.

Read more: Latam Airlines US Ex-Im bond pre-funded bond

Latam Airlines has mandated Credit Agricole and Apple Bank to finance the acquisition of two 777s set to deliver within the next couple of months for its Brazilian operations (Tam).

Tam was reluctant to specify exactly when the aircraft are set to deliver but AirFinance Journal understands that the carrier is aiming...


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Atlas Air / 05-13 / Ex-Im Guaranteed Bond / 1x747 23/05/2013
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Amount $m143
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SA Airlink / 05-13 / Airc. Secured Loan / 5xAirc 23/05/2013
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Amount $m9.5
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Quote

“At the current pricing it will become attractive again to issue Ex-Im-guaranteed bonds. This will help stabilize and drive pricing down from where it is now.”

Kostya Zolotusky, managing director, capital markets, Boeing Capital, says about the price of export credit.


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