Deucalion Aviation Funds concludes a sale-and-leaseback transaction with Cathay Pacific
GE Japan Corporation has provided senior debt financing. PK AirFinance S.a.r.l. acted as security trustee. SkyWorks Capital Asia Limited acted as an advisor to Cathay Pacific.
Bertrand Grabowski, Member of the Board of Managing Directors of DVB and responsible for the Bank's Aviation Finance business, commented: "We are proud to see our Investment Management unit completing this landmark transaction with one of the leading airlines in Asia. The DVB aviation platform has once again come together in the execution of a complex transaction, illustrating the unique franchise that DVB has developed in the aviation finance and leasing markets.”
Cathay Pacific Director Corporate Development James Barrington said: “This is a milestone transaction which will help protect our asset exposure on our A330 fleet. The deal is important to us as Cathay Pacific has 48 A330 aircraft, which is the world’s largest A330 fleet, and has another 19 of them on order for delivery by 2015.”
Contact for this press release:
Stephan Sayre, Managing Director, Deucalion Aviation Funds,
Phone +44 207 2564 344, firstname.lastname@example.org
Note to Editors:
DVB Bank SE, headquartered in Frankfurt/Main, Germany, is the leading specialist in the international Transport Finance business. The Bank offers integrated financing solutions and advisory services in respect of Shipping Finance, Aviation Finance, and Land Transport Finance. The Bank operates out of offices in Frankfurt/Main, Hamburg, London, Cardiff, Rotterdam, Bergen/Oslo, Piraeus, Zurich, Singapore, Tokyo, New York and Curaçao. DVB Bank SE is listed at the Frankfurt Stock Exchange (ISIN: DE0008045501).