China Aircraft Leasing lands its first ECA-backed financing

(TxfNews, Beijing, 2 April 2015) Airbus China Aircraft Leasing lands its first ECA-backed financing Chinese aircraft lessor China Aircraft Leasing Group (CALC) has completed its first aircraft financing backed by an export credit agency (ECA) guarantee – a $224 million facility guaranteed by UK ECA UK Export Finance (UKEF). The UKEF guarantee will cover the purchase of five Airbus A320-200 aircraft, which will then be leased to Air India this year. Lenders on the transaction are ING Bank , who are also the facility agent and co-arranger, and TD Bank.