Dubai, 5th March 2020:  TAP Air Portugal took delivery of their latest two A330Neos. BNP Paribas and Tamweel Aviation Finance (TAF) has closed the financing of two A330-900Neos for TAP Air Portugal. The two aircraft were delivered to the airline on the 14th February 2020 at Airbus’ Toulouse Facility. The financing featured  a French Lease arranged by BNP Paribas with the successful combination of a Senior loan provided by BNP Paribas and  a Mezzanine facility through TAF.

In its second edition, TAF is the finance leasing platform managed by Novus Aviation Capital (Novus) which brings together a partnership of Airbus SAS (Airbus), the Development Bank of Japan Inc (DBJ) and Norddeutsche Landesbank Girozentrale (Nord/LB) to provide attractive high LTV mezzanine financing to the world's airlines and lessors for Airbus products.

Commenting on the delivery, Nuno Leal, Head of Fleet Planning and Contracts at TAP Air Portugal said “We are absolutely thrilled to have completed the delivery and financing of these two A330-900Neos with BNP Paribas and Novus Aviation Capital. These aircraft are part of the fleet transformation that TAP is implementing and will help to continuously enhance the product offered to our customers and improve the fleet fuel efficiency.”

“BNP Paribas is proud to support TAP Air Portugal during its important transformation phase by arranging the airlines’ first ever French Lease” said Bertrand Dehouck Head of Aviation EMEA at BNP Paribas. “It was also a fantastic opportunity to team up for the first time with Tamweel. Furthermore, this was the market first Financiers’ Continuing Airworthiness Management and Aircraft Storage program entered with Airbus to facilitate a smooth delivery for both Airbus and TAP.”

“We are delighted to complete this transaction with BNP Paribas and TAP Air Portugal and welcome the airline to the growing list of customers of Novus’ dedicated financing platform.” said Mamoun Kuzbari, Managing Director of Novus Aviation Capital. “The opportunity to work with BNP Paribas to support TAP Air Portugal is a natural extension to our relationship.”