AWAS favourably re-prices $530m term loan

Dublin-based aircraft lessor, AWAS, announced today that it has favourably re-priced its May 2010 $530m Term Loan Facility to achieve a 250bps advantage over the previous terms.

These revised terms will allow for increased flexibility supporting AWAS’ growth plans to acquire attractive new and used aircraft.

Goldman Sachs Lending Partners LLC (Sole Syndication Agent) and Morgan Stanley Senior Funding, Inc., acting as Joint Lead Arrangers, successfully closed the transaction which was oversubscribed thanks to existing lenders upsizing and to new lenders joining the syndicate.

About AWAS

AWAS is one of the leading aircraft leasing companies and recently celebrated its 25th year of serving customers around the globe. The company is managed by a highly experienced and dedicated team of commercial aviation industry professionals serving markets in The Americas, Europe, Middle East, Africa and Asia/Pacific.

AWAS owns a portfolio of more than 200 modern aircraft with a further 100+ aircraft on order from Airbus and Boeing including a number of next generation aircraft. The aircraft portfolio is on lease to over 90 airline customers in 44 countries. The AWAS fleet features a full range of the most popular aircraft types, which includes both narrow-bodied and wide-body aircraft.

AWAS is headquartered in Dublin, with offices in New York, Miami, and Singapore.

www.awas.com