DVB finances a portfolio of five widebody aircraft for Guggenheim Aviation Partners

DVB Bank is pleased to announce the successful closing of two separate finance facilities with Guggenheim Aviation Partners, LLC (Guggenheim) for two A330-200 aircraft on lease to Jet Airways (India) Ltd and three B777-200ER aircraft on lease to American Airlines, Inc.

The finance facility for the two A330-200 aircraft on lease to Jet Airways (India) Ltd closed in late March. Both aircraft were delivered new to Jet Airways (India) Ltd in 2008 and were subject to a sale/leaseback with Guggenheim’s managed fund. The finance facility for three B777-200ER aircraft on lease to American Airlines, Inc. closed in early June. The aircraft were originally delivered to American from 2000 to 2002 and were also subject to a sale/leaseback earlier this year with the Guggenheim fund. DVB Bank provided a back leveraging of this acquisition by the Guggenheim fund.

Bertrand Grabowski, Member of the Board of Managing Directors of DVB Bank and responsible for aviation, commented, “We are delighted to have closed these transactions and further cement the relationship between DVB Bank and Guggenheim. In working with Guggenheim’s Singapore-based head of finance, DVB, as a truly global institution in Aviation Finance, has delivered locally the same quality service that our clients expect at any point of the globe.”