KfW IPEX-Bank finances A320-200 for Avolon

KfW IPEX-Bank has successfully closed financing of a new Airbus A320-200 aircraft for Irish aircraft lessor Avolon Aerospace Leasing Limited. It is acting thereby as Lender, Arranger, Facility Agent and Security Trustee. The aircraft with serial number MSN 5950 is equipped with sharklets to enhance fuel efficiency and reduce emissions of carbon dioxide. It was delivered to Pegasus Hava Taşimaciliği A.Ş on February 13 2014 and will operate under a long-term Operating Lease Agreement with the Turkish airline.