USA-based Aircraft Engine Lease Finance (AELF) has finalised a $40 million credit facility with Chicago-based Merchants Bank.
The credit facility is collateralised, in part, by four of AELF’s 10 Airbus A330-200s.
Those aircraft, which AELF acquired from Airbus Asset Management in 2016 and 2017, are on long-term operating lease with Canada’s Air Transat.