Since July 2020, Deutsche Lufthansa AG has raised a total of around €500 million by using aircraft as security in eight financing transactions. This enabled the Group to secure additional funds on top of the €1.6 billion raised via a convertible bond and a corporate bond.
The five Airbus A350s and three aircraft from the A320 family were used as security for various financing instruments. Funds were raised through sale- and-lease-back financing, secured loans and secured promissory notes.
Banks, private equity funds and corporate investors, particularly from Europe and Asia, participated in the financing. Lufthansa was also able to agree upon attractive terms compared with the most recently issued bonds. (€1.00 = US$1.22 at time of publication.)Email Post to a Friend