Exim Bank finances addition to Air China's fleet
November 08, 2011 | BY
clpstaff &clp articlesThe Export-Import Bank of the United States of America (Exim Bank) has financed Air China's purchase of a new aircraft. The financing of the new Boeing…
The Export-Import Bank of the United States of America (Exim Bank) has financed Air China's purchase of a new aircraft. The financing of the new Boeing 777-300ER was through the issuance of a US dollar guaranteed bond by a Delaware trust entity.
This is the first aircraft financing for a Chinese airline from Exim Bank without a guarantee from a Chinese bank of sovereign undertaking from the Chinese government. BNP Paribas was the sole bookrunner and structuring agent for this transaction.
A multi-jurisdictional team from Baker & McKenzie advised Air China. Its team was led by Shanghai partner Harvey Lau. Representing Exim Bank was Vedder Price.
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