AWAS closes first JOLCO as part of multi – channel financing strategy

AWAS has closed a JOLCO (Japanese Operating Lease with Call Option) financing relating to one Airbus A320 aircraft on lease to Aeroflot Russian Airlines, with Crédit Agricole Corporate and Investment Bank (CA CIB) as overall arranger, facility agent and security trustee. The equity portion of this first JOLCO secured by AWAS was underwritten by Financial Products Group, whilst the debt portion was provided by CA CIB and the Development Bank of Japan.