Natixis and Standard Chartered Bank complete financing for Airbus 320-200 aircraft for THAI
Natixis and Standard Chartered Bank have successfully closed a multi-million club financing transaction for two Airbus 320-200 aircraft for Thai Airways International Public Company Limited (“THAI”), Thailand’s national carrier.
The 12-year financing facilities for these two aircraft were jointly arranged and funded by the two banks. The aircraft were delivered in October and December last year, and subleased to Thai Smile Airways Company Limited (“Thai Smile”). Thai Smile is THAI’s wholly owned subsidiary which provides cost effective premium service to passengers. This financing is critical in supporting THAI and Thai Smile’s strategic aim to stimulate growth in the domestic market and short-haul routes.
“We are very pleased to partner with THAI, an important client of the Bank, in the financing of the group’s fleet. This transaction, along with other financial products and facilities that the airline has with Standard Chartered, highlights the Bank’s continued commitment to supporting the growth plans of key clients in our franchise,” said Simon Perkins, Managing Director of Aviation Finance for Standard Chartered Bank.
“Natixis started working with Thai Airways in 2012 and has since financed two aircraft each year for the company. We hope to be able to work with Thai on a long term basis by offering further tailored solutions”, added Jean-Francois Lascombe, Deputy Head of Aircraft, Export & Infrastructure Finance - Asia Pacific, Natixis.
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About Groupe BPCE
Groupe BPCE is the second-largest banking group in France. Through its 100,000 staff, the group serves 35 million customers – individuals, professionals, companies, investors and local government bodies – around the world. It operates in the retail banking and insurance fields in France via its two major networks, Banque Populaire and Caisse d’Epargne, along with Banque Palatine and Oney. It also pursues its activities worldwide with the asset & wealth management services provided by Natixis Investment Managers and the wholesale banking expertise of Natixis Corporate & Investment Banking. The Group's financial strength is recognized by four credit rating agencies with the following senior preferred LT ratings: Moody's (A1, stable outlook), Standard & Poor's (A, stable outlook), Fitch (AA-, negative outlook) and R&I (A+, stable outlook).
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