28.01.2008
DVB Bank's recent transaction for the purchase and lease of 8 new Boeing 777F aircraft strengthens its market position as a leading specialist in international transport finance
DVB Bank AG closed a milestone transaction on November 30th for the purchase of 8 new Boeing 777F aircraft, delivering 2009 through 2010 with operating leases to AeroLogic, a joint venture cargo airline created by Lufthansa Cargo and DHL Express. Owner and lessor of the aircraft is Deucalion Capital VII Limited ("DC VII"), an aviation fund advised and managed by DVB Bank AG.
DVB Bank acted as Global Lease Arranger in this transaction. Deutsche Bank, KfW IPEX-Bank and DVB acted as joint arrangers/underwriters of a USD600 million PDP loan facility provided to DC VII to support its pre-delivery payment obligations under the purchase agreement with Boeing.
Bertrand Grabowski, Member of the Board of Managing Directors of DVB Bank AG, and responsible for Aviation said: "This landmark transaction is the largest ever concluded by DVB. The ability of DVB and Deucalion to close this complex deal in a very short time of just 12 weeks is a remarkable example of the efficiency of our integrated Aviation platform, which offers our clients a wide range of financial and technical services. We are delighted to commence a partnership with DHL and Lufthansa, to whom we were able to provide innovative structural solutions, which will give them the benefit and the operational flexibility they were looking for."
Note to Editors:
DVB Bank AG, based in Frankfurt/Main, is an international advisory bank and finance house that specialises in the global transport market. DVB offers integrated financing solutions and advisory services in respect of Shipping, Aviation, and Land Transport. The Bank operates out of offices in Frankfurt/Main, Hamburg, London, New York, Rotterdam, Hong Kong, Singapore, Tokyo, Bergen/Oslo, Piraeus, and Curaçao. DVB Bank AG is listed on the Frankfurt Stock Exchange (ISIN: DE0008045501).
Contact:
Prof. Dr. Borislav Bjelicic, Phone +49 69 9750-4390, Fax +49 69 9750-4333, DVB Bank Aktiengesellschaft, Corporate Communications, Friedrich-Ebert-Anlage 2-14, 60325 Frankfurt/Main, Germany, borislav.bjelicic@dvbbank.com, www.dvbbank.com
DVB Bank acted as Global Lease Arranger in this transaction. Deutsche Bank, KfW IPEX-Bank and DVB acted as joint arrangers/underwriters of a USD600 million PDP loan facility provided to DC VII to support its pre-delivery payment obligations under the purchase agreement with Boeing.
Bertrand Grabowski, Member of the Board of Managing Directors of DVB Bank AG, and responsible for Aviation said: "This landmark transaction is the largest ever concluded by DVB. The ability of DVB and Deucalion to close this complex deal in a very short time of just 12 weeks is a remarkable example of the efficiency of our integrated Aviation platform, which offers our clients a wide range of financial and technical services. We are delighted to commence a partnership with DHL and Lufthansa, to whom we were able to provide innovative structural solutions, which will give them the benefit and the operational flexibility they were looking for."
Note to Editors:
DVB Bank AG, based in Frankfurt/Main, is an international advisory bank and finance house that specialises in the global transport market. DVB offers integrated financing solutions and advisory services in respect of Shipping, Aviation, and Land Transport. The Bank operates out of offices in Frankfurt/Main, Hamburg, London, New York, Rotterdam, Hong Kong, Singapore, Tokyo, Bergen/Oslo, Piraeus, and Curaçao. DVB Bank AG is listed on the Frankfurt Stock Exchange (ISIN: DE0008045501).
Contact:
Prof. Dr. Borislav Bjelicic, Phone +49 69 9750-4390, Fax +49 69 9750-4333, DVB Bank Aktiengesellschaft, Corporate Communications, Friedrich-Ebert-Anlage 2-14, 60325 Frankfurt/Main, Germany, borislav.bjelicic@dvbbank.com, www.dvbbank.com