February 6, 2019

Cargolux closes debut Jolco finance

Luxembourg-based Cargolux Airlines International on 29 January closed its first Jolco financing transaction for a B-747-400 freighter aircraft.

Crédit Agricole CIB (CA-CIB) acted as overall arranger, facility agent, and lender, and DVB Bank is co-lender.

Law firm Allen & Overy acted for Cargolux, while Norton Rose Fulbright acted for the lenders.

The transaction is the first of its kind for Cargolux on the selective Japanese market.

Cargolux is scheduled to take delivery of two B-747-400 freighters in 2019 and to take back one aircraft that initially had been put out on lease.