Natixis Corporate & Investment Banking (Natixis CIB) announced the closing of a Pre-Delivery Payment ("PDP") Financing Facility for Azorra Aviation for Airbus A220-300 aircraft. The PDP Facility will finance the initial A220 deliveries from Azorra's twenty-two A220 Family aircraft order book including twenty A220-300s and two ACJ TwoTwenty aircraft.
The A220 brings together state-of-the-art aerodynamics, advanced materials and Pratt & Whitney's latest-generation PW1500G geared turbofan engines. Featuring a 50% reduced noise footprint and up to 25% lower fuel burn per seat compared to previous generation aircraft, as well as around 50% lower NOx emissions than industry standards, the A220 is a well-suited aircraft for regional as well as long distance routes.
Azorra is a Fort Lauderdale, Florida, based aircraft lessor focused on executive, regional and mid-size ("crossover") aircraft. Claudia Ziemer, Senior Director Finance, from Azorra notes: "We are very excited to work with Natixis, one of the worldwide leading Aviation lenders, to finance pre-delivery payments in connection with Azorra's new technology Airbus A220 aircraft orderbook and we are looking forward to expanding this valued partnership.
"We are happy to support the growth of Azorra and partner with this highly experienced team while financing one of the world's most fuel-efficient aircraft," said Yevgeniya Levitin, Head of Aviation Americas, Natixis CIB.
Natixis CIB acted as Lead Structuring Agent, Mandated Lead Arranger and Underwriter.