Lufthansa uses aircraft in security in latest finance raising round

Lufthansa has used eight of its aircraft as security in a range of financing transactions which have raised €500 million ($614 million) since last July.

Private equity funds and corporate investors, “particularly from Europe and Asia”, participated in the financing, notes Lufthansa, adding that it was able to agree “attractive terms”. The €500 million raised is in addition to the €1.6 billion raised through a convertible and a corporate bond.

The German carrier says five of its Airbus A350s and three A320-family aircraft were used as collateral to raise funds through sale-and-leaseback financing, secured loans, and secured promissory notes.

Leave a Reply