Saudia gets largest aircraft financing
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International Airfinance Corporation (IAFC) has appointed Quantum Investment Bank Ltd (Quantum) and Palma Capital Limited (Palma) as exclusive arrangers for Saudi Arabian Airlines’ (SAUDIA) largest aircraft leasing deal.
The deal consist arranging debt and equity financing to acquire 30 Airbus aircraft of A320-200 model and 20 aircraft of A330-300 model to be leased to SAUDIA.
Ammer Al-Selham, chairman of the Board of Quantum Investment Bank Ltd added: “Quantum aspires to strengthen its relationships with public and private institutions in Saudi Arabia in future and provide them with Shariah-compliant financing solutions. We consider this a contribution to development of our economy.”
Saudi Arabian Airlines will be the first to operate the Airbus A330-300 regional, following an operating lease agreement signed with IAFC for 20 A330-300 regional and 30 A320ceo.
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