Jackson Square Aviation closes $220m credit deal

摘要

San Francisco-based lessor Jackson Square Aviation (JSA) has closed a $220 million warehouse facility with two European banks. NordLB and Unicredit have underwritten the deal, which will be upsized with the introduction of more banks. The warehouse facility allows JSA to draw down until 2012 with a term-out feature that extends to 2019. The facility finances a mix of pre-committed aircraft and future Airbus and Boeing nar-rowbody deliveries. The first aircraft financed with the warehouse, a 737-800 leased to Airberlin, has closed. A second 737-800 will be leased to American Airlines.