Aviation Finance Company Limited completes a follow-on Pre-Delivery Payment financing for a 9th Airbus A330 aircraft, for Synergy Aerospace Corp. topping the facilities to $294 million

DUBLIN, Jan. 10, 2014 /CNW/ – Aviation Finance Company Limited (AFC) announced the completion of a follow-on financing for Synergy increasing the pre-delivery payment (PDP) facilities for Synergy’s A330 orders to over $294 million. This follows the first ever multi-tranche debt capital market $263 million Pre-Delivery Payment (PDP) financing for 8 Airbus A330 completed in 2013. AFC had the PDP facility rated for insurance investors. Synergy is the majority owner of Avianca, a leading Latin American airline conglomerate. Airbus will deliver nine A330-200s to the group. The aircraft will operate in the group’s expanding network around the globe.