PK AirFinance provides Refinancing of 14 Aircraft to GTLK Europe

GTLK Europe has concluded a $340 million refinancing debt facility secured by a portfolio of 14 aircraft. The portfolio includes 5x A321-200s, 6x B737-800 and 3x A319s leased to Aeroflot, Globus, Germania and Bulgarian Eagle.

PK AirFinance, a GECAS company, was the mandated lead arranger of the transaction and provided the financing together with Credit Agricole CIB acting as co-arranger of the loans secured by the Aeroflot aircraft. PK AirFinance also acted as Agent and Security Trustee of the facility.

“Understanding our requirements, PK AirFinance offered customized solutions to GTLK Europe. Tools, proposed by PK AirFinance, will promote business development in our company,” shares Roman Lyadov, CEO GTLK Europe.

“We’re delighted to have established this new relationship with GLTK Europe,” explains Paul Meijers, President, PK AirFinance. “We look forward to continue supporting GLTK as their portfolio expands.”