SIA’s third A380 financing syndicated
Financing for Singapore Airlines’ (SIA) third Airbus A380-800 (MSN 006) was syndicated within hours of the launch through the German co-operative sector banks with an equity volume of $98.3 million.
The aircraft has been in operational service since 11 March and is primarily serving the London Heathrow - Singapore route.
On 26 April, SIA took delivery of its fourth A380-800 (MSN 008) from Airbus. Deutsche Bank will distribute this aircraft fund, together with a further A380 yet to be delivered.
The first two A380 (MSN 003, 005) financings were distributed with “similar success”, says Doric Asset Finance. Doric is the arranger of the first five SIA A380 financings, which are being sold into the German Kommanditgesel
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