Virgin Australia Airlines has closed the commercial financing of a spare CFM International Leap-1B25 engine.
Credit Agricole Corporate and Investment Bank (CACIB) acted as mandated lead arranger under the financing. CACIB also acted as agent and security trustee.
This the first of up to two spare engines under the financing mandate.
HFW acted as legal counsel advising the financing parties while Herbert Smith Freehills advised Virgin Australia Airlines.
