Global Transport Finance Recognise AFIC with Two Awards
In January 2018 Global Transport Finance awarded AFIC with the “Aircraft Finance Unique Leasing Deal of the Year” for its contribution to the Credit Agricole-arranged, AFIC-supported French lease of two Boeing 777F cargo aircraft for Turkish Airlines. AFIC was also awarded “Aircraft Finance Deal of the Year – Asia” for supporting the aircraft financings for Korean Air.
Global Transport Finance commented, “AFIC has established itself even faster than anticipated — and aviation finance banks view it as a structure with a long-term future, taking its place alongside established products.”
“The structure has proven to be a win for everyone in the aviation finance market. Airlines view it as a new way to diversify sources of funding. For bank lenders, the AFIC product came along at an opportune moment — since many of those banks have been forced to phase in higher capital requirements for loans on their books as a result of the Basel III agreement.”