Lufthansa raised 500 million euros in aircraft financing in the second half of 2020

8 plane made use of as protection for financing at favourable disorders

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Because July 2020, Deutsche Lufthansa AG has lifted a overall of all over 500 million euros by making use of aircrafts as protection in eight funding transactions. This enabled the Team to secure added funds on top of the 1.6 billion euros elevated by using a convertible bond and a company bond.

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The 5 Airbus A350s and three aircraft from the A320 relatives were applied as securities for several financing devices. Resources had been raised by sale and lease back funding, secured loans and secured promissory notes (Schuldscheindarlehen). Banking institutions, personal fairness resources and company investors, especially from Europe and Asia, participated in the financing. Lufthansa was also able to concur upon beautiful phrases in comparison with the most recently issued bonds.

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“We have taken one more prosperous phase in refinancing existing liabilities which are maturing in 2021. The transactions when all over again reveal the self confidence the marketplace has in our organization and our restructuring measures. We have a wide vary of financing devices at our disposal and plane financing will go on to play a crucial role in our financing method as it provides economically appealing circumstances,” reported Wilken Bormann, Executive Vice President Corporate Finance of the Lufthansa Group.

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