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.”
© Press Release 2020Disclaimer: The contents of this press release was provided from an external third party provider. This website is not responsible for, and does not control, such external content. This content is provided on an “as is” and “as available” basis and has not been edited in any way. Neither this website nor our affiliates guarantee the accuracy of or endorse the views or opinions expressed in this press release.
The press release is provided for informational purposes only. The content does not provide tax, legal or investment advice or opinion regarding the suitability, value or profitability of any particular security, portfolio or investment strategy. Neither this website nor our affiliates shall be liable for any errors or inaccuracies in the content, or for any actions taken by you in reliance thereon. You expressly agree that your use of the information within this article is at your sole risk.
To the fullest extent permitted by applicable law, this website, its parent company, its subsidiaries, its affiliates and the respective shareholders, directors, officers, employees, agents, advertisers, content providers and licensors will not be liable (jointly or severally) to you for any direct, indirect, consequential, special, incidental, punitive or exemplary damages, including without limitation, lost profits, lost savings and lost revenues, whether in negligence, tort, contract or any other theory of liability, even if the parties have been advised of the possibility or could have foreseen any such damages.
