DVB Bank and Challey Group close financing facility amounting to US$121m for purchase of five aircraft

DVB Bank, the leading international transportation finance specialist, and Challey Group, a wholly owned Irish subsidiary of Alitalia, Italy’s national airline, have announced the closing of a financing facility amounting to US$121m for the purchase of five aircraft. DVB Bank, the leading international transportation finance specialist, and Challey group, a wholly owned Irish subsidiary of Alitalia, Italy’s national airline, have announced the closing of a financing facility amounting to US$121m for the purchase of five aircraft. The facility includes one Airbus A330-200 aircraft which is operated by Alitalia mainline and four Embraer regional aircraft (two E175 variant and two E190 variant) operated by Alitalia’s regional subsidiary Alitalia CityLiner and covers a financing term of eight years. DVB Bank and Investec Bank acted as joint underwriters of the transaction. DVB Bank acted as sole arranger and agent of the transaction.