June 27, 2012
AWAS closes $120m Pre-Delivery Payment Facility
Dublin based aircraft lessor, AWAS, has closed a revolving $120m Pre-Delivery Payment (PDP) Facility. The loan is fully underwritten by Investec Bank and will be used to finance the pre-delivery payments of 20 A320 Family aircraft in AWAS’ order pipeline with Airbus that deliver over the next two years.
