(Beijing – June 20, 2022) AerDragon Aviation Leasing Company Limited (“AerDragon”) is pleased to announce the purchase of three new Boeing 737 MAX 9 on lease to Aeromexico. The aircraft are from AerCap’s order book with Boeing. AerCap is a shareholder in AerDragon.
Two aircraft are financed by BNP Paribas Singapore Branch (“BNP Paribas”) with an aircraft non-payment insurance policy from the Aircraft Finance Insurance Consortium (“AFIC”), managed by global broker Marsh. The insurance underwriters include Fidelis Insurance Bermuda Limited, Sompo International and Axis Insurance. This is the first AFIC-supported financing for a China based leasing platform and the first financing transaction between AerDragon and BNP Paribas.
One aircraft is financed by PK AirFinance (“PK”), the aircraft and engine lending business of Apollo Global Management.
About AerDragon
AerDragon was established in October 2006 and has a current customer base covering China and the rest of Asia, Europe and South America. It offers a range of services including aircraft leasing, trading, and asset management.
About AerCap
AerCap is the global leader in aviation leasing with one of the most attractive order books in the industry. AerCap serves approximately 300 customers around the world with comprehensive fleet solutions. AerCap is listed on the New York Stock Exchange (AER) and is based in Dublin with offices in Shannon, Miami, Singapore, Amsterdam, Shanghai, Abu Dhabi, Seattle, Toulouse and other locations around the world.
About Aeromexico
Aeromexico is Mexico’s global airline and has its main hub at Mexico City International Airport. Its destinations network features the United States, Canada, Central America, South America, Asia, and Europe. Aeromexico is a founding member of the SkyTeam airline alliance, which serves 170 countries with its 19 SkyTeam airline partners.
About BNP Paribas in Singapore
BNP Paribas established its presence in Singapore in 1968. The bank offers products and services in corporate & institutional banking (advisory and capital markets and financing solutions), wealth management, asset management and securities services. Clients include large multinationals, local and regional corporations, financial institutions and high net worth individuals.
About AFIC
Aircraft Finance Insurance Consortium (AFIC) is a groundbreaking collaboration among Marsh and a panel of highly-rated global insurance companies to offer a new source of financing for purchases of commercial Boeing and Embraer aircraft. Developed with Boeing and available exclusively through Marsh, AFIC aircraft non-payment insurance (ANPI) fully protects banks or institutional investors from payment default under an AFIC-supported aircraft financing. Since launching in June 2017, AFIC has supported over USD 6 billion in financing for the purchase of over 80 aircraft.
About PK
PK AirFinance is a premier aircraft lending business that serves airlines, aircraft traders, lessors, investors and financial institutions globally with loans to borrowers in more than 40 countries. Its comprehensive origination, underwriting and structuring capabilities are delivered by a team of experienced professionals, whose extensive experience in varied products and geographies was built over several decades and industry cycles.
Media Contact:
Mr. Zhou Ningning
Tel +86 10 64107210
AerDragon@aerdragon.cn