November 28, 2018

Vietjet closes Jolco with BNPP

BNP Paribas (BNPP) has closed the landmark Jolco financing on two new A321-200 aircraft for VietJet Aviation, together with Japanese equity.

The two aircraft (MSN 8577 and MSN 8592) were delivered to VietJet on 20 November and 21 November respectively.

The financing marks the first-ever Jolco transaction completed for any Vietnamese company.

The transaction will cover up to three more aircraft, as per the memorandum of understanding (MOU) signed on 9 October.

Law firms White & Case advised BNP Paribas, K&L Gates advised Vietjet, and Nishimura & Asahi advised the Japanese equity on this transaction.