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SPECIAL REPORT AIRCRAFT FINANCE 2013 IN ASSOCIATION WITH
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Page 1: Aircraft finance report 2013

special RepORt

aiRcRaFt FiNaNce2013

In assocIatIon wIth

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AircrAft finAnce 2013 | Flightglobal Insight | 3

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forewordWelcome to Flightglobal Insight’s Aircraft Finance Special Report 2013 brought to you in association with CFM International and prepared using information from the extensive Flight Premium portfolio. The report provides an analytical overview of the year 2012 looking at order and transaction activities, the finance and leasing markets, as well as opinions from the appraiser community regarding the year ahead.

The year 2012 ended with an Airbus and Boeing order backlog of 9,055 aircraft, up 847 units on the previous year. This is a new record for the year-end commercial aircraft backlog. The previous record was 2010 with 8,502 units.

Net orders for Airbus and Boeing totalled 2,036 aircraft in 2012, compared with 2,224 in 2011.

Although Airbus’s output rose by 10% in 2012 to a record 588 deliveries, its US rival surpassed the European airframer’s tally by 13 aircraft. Boeing’s total of 601 deliveries represents the manufacturer’s second-highest airliner output ever, and is just 14 units shy of its record 620 shipments in 1999.

The European manufacturer handed over 455 aircraft single-aisle aircraft last year, representing 88% of total deliveries. In comparison, the 737 represented 69% of Boeing’s deliveries in 2012.

Year-on-year backlog at Airbus increased by 245 aircraft to 4,682 units, while Boeing recorded 4,373 units at year-end, 602 more than in 2011 as the US manufacturer sold 914 Max aircraft.

Although Boeing traditionally has been more conservative with single-aisle production rates, it is catching up with Airbus now.

During the past two years, 737 production has risen by more than 20% to 38 aircraft. Rates will increase again to 42 a month in the first-half of 2014 and, at that time, 737 production rates will match those of the A320 family.

On the longhaul side, the A330/A340 production rate was 9.6 aircraft a month last year, up from 7.25 in 2011. Airbus handed over 30 A380s in 2012, up from 26 in 2011.

Boeing delivered 26 767s last year compared with 20 in 2011.

The 787 model production rate was 3.8 aircraft a month on average, with the 777 production line almost reached seven aircraft a month, up from 6.1 aircraft in 2011.

With the full implementation of the new Aircraft Sector Understanding (ASU) this year, the cost of aircraft financing will become more expensive. The new ASU raises the export credit premium for all borrowers, but the rise is steeper for those with a better credit rating. Higher-risk airlines will still pay more than they do now but not as much proportionally, making export credit less attractive to stronger airlines.

Higher pricing under the new ASU will push airlines towards commercial debt financing and operating leases, says Kostya Zolotusky, Boeing Capital’s managing director capital markets, leasing. He believes aircraft leasing will continue to be a “very strong market”, growing at a faster rate than seen in the past decade. “Airlines will rent rather than buy aircraft and so we see the number of aircraft in the global fleet that are on operating leases going towards 50% this decade.”

Leasing companies increased their market share to 40% of new deliveries at Airbus in 2012. The European manufacturer handed over 122 new aircraft directly to operating lessors last year out of a total of 588 aircraft, representing a 21% market share. Another 114 units were acquired by lessors under purchase and leaseback agreements during the year. Operating lessors are expected to represent 23% of Airbus direct deliveries this year.

Increased appetite from the capital markets for commercial aircraft will likely see more US Export-Import Bank (Ex-Im) guaranteed bonds and pre-funded bond transactions.

According to data compiled by Boeing Capital and Flightglobal, Ex-Im bond issuances totalled $5.6 billion in 2012. This compares with $587 million worth of transactions in 2011 and $2.48 billion in 2010.

The final quarter of 2012 was particularly active with 12 transactions worth $2.3 billion.

Last year, Latam Airlines Group emerged as the largest Ex-Im bond issuer with an estimated $1.8 billion in financing.

This report ludes a breakdown of aircraft finance transactions which took place in 2012. This information has

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aiRcRaFt FiNaNce 2013

4 | Flightglobal Insight | AircrAft finAnce 2013 AircrAft finAnce 2013 | Flightglobal Insight | 5

flIghtglobal fInanceolIvIer bonnassIes: edItor

flIghtglobal InsIghtantoIne FaFard: manager

flIghtglobal data researchsteven PhIPPs: flIghtglobal ascend

Cover photo: WestEnd61/Rex Features

been extracted from the Flightglobal reports and Ascend’s database. It has been displayed in various ways, enabling you to browse through the deals by operator, aircraft model, month, value and participant.

Finally, the report offers opinions from appraisers at Ascend, Collateral Verifications, IBA Group, ICF SH&E and Tailwind Capital, who reflect on 2012 and provide insight into what we might expect this year.

We hope that you find this information useful and that the Aircraft Finance Special Report 2013 will be a helpful reference source of closing all your aircraft transactions this year.

FiNaNce iNteRactiVeAirline Business and aviation finance specialist DVB Bank have teamed up for the third annual interactive special to scrutinise this market.

Published in parallel with the annual financing and leasing survey found in the Airline Business February issue, the special report tackles the key issues facing the sector through an interactive format.

Topics explored this year lude how the leasing sector is reasing its proportion of the world fleet, and the issue of airliner economic lives. The airlines’ 2013 financing requirements and the likely changes in funding sources are also examined.

Leading experts and analysts in the sector were asked for their views on these major issues. These lude Nigel Taylor of EADS and Boeing’s Kostya Zolotusky; Bertrand Grabowski and Bert van Leeuwen of DVB Bank and analysts Rob Morris and Paul Sheridan from Flightglobal’s consultancy arm Ascend.

The online special also orporates a range of data presented in interactive format, giving snapshots of the largest lessors, funding sources and financing forecasts by region.

Download the Airline Business finance interactive at:flightglobal.com/ifinance13

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aiRcRaFt FiNaNce 2013

Fleet Watch: 2012

Commercial aviation continues to grow 6

leasInG oUtlooK

Top 10 lessors by fleet value 9

Top 50 lessors and management companies by fleet value 10

Top 50 lessors and management companies by fleet size 11

Top 50 leasing survey 12

Finding the funds 13

MarKet oUtlooK

What appraisers expect in 2013 15

deals database 2012

By customer 19

cONteNt

to fInd out more about flIghtglobal InsIght and report sponsorshIp opportunItIes, contact:

Flightglobal InsightQuadrant House, The Quadrant Sutton, Surrey, SM2 5AS, UKTel: + 44 208 652 8724Email: [email protected]: www.flightglobal.com/insight

doWnload an extended electronIc versIon oF thIs rePort at WWW.FlIGhtGlobal.coM/InsIGht

Insight

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The year 2012 was another strong year for commercial aviation as a record number of aircraft were delivered and order backlog reached an all-time high at the end of the year.

Net orders in 2012

The 2,582 net orders for 2012 represent a decrease of 11% on the previous year. Apart from the regional jet market, each market group received fewer orders.

Boeing emerged as the leader in the 2012 commercial order battle with 1,191 net orders, their strongest year se the all-time high of 2007. Airbus totalled 833 net orders, a decrease of 43% on the previous year. Bombardier received 35 orders for the CSeries and 120 for their range of regional aircraft, while Comac took in 115 orders for the C919. Mitsubishi Regional Jet recorded an order of 100 MRJ90s, which are scheduled to be delivered from 2017. Embraer and Irkut received 56 and 35 net orders respectively in 2012.

Narrowbody net orders decreased by 11% on the previous year with a total of 2,034 in 2012. Boeing lead with 1,112

narrowobody orders, including 914 for the re-engined 737 Max. Airbus received 739 orders of which 478 were for the A320neo. Widebody net orders came in at 173, a decrease of 48% on the previous year. Airbus took in 94 widebody orders while Boeing received 79. Regional jets benefited with a year-on-year increase of more than 100% in 2012.

Indonesia’s Lion Air was responsible for the largest number of orders during the year as the operator ordered a total of 235 aircraft including 201 737 Max aircraft, 29 737 Next Generation (NG) aircraft and five 787s. Budget carrier Norwegian ordered the A320neo and 737 Max aircraft with 100 of each, as well as 22 737s. United Airlines ordered 100 737 Max and 50 737 aircraft while AirAsia ordered 100 A320s including 64 Neo aircraft. The 100 MRJ90 order came from US operator SkyWest Airlines in a deal valued at $8.4 billion at list price.

Lessor Air Lease ordered a total of 119 aircraft (75 737 Max, 36 A320neo, four ATR 72s, three A330s and a single Embraer 175) while GECAS ordered 91 aircraft (75 737 Max, 14 737s and two E-195s).

Other large orders came in during the year from Pegasus Airlines with 75 A320neo and BOC Aviation with 53 A320s (including 25 Neo) and 20 C919s.

Commercial aircraft deliveries in 2012

A total of 1,402 commercial aircraft deliveries took place in 2012 including 850 narrowbody and 305 widebody aircraft, an all-time high for both market groups. Regional jet and turboprop deliveries totalled 128 and 117, respectively.

It was an aircraft delivery record year for both Airbus and Boeing. Airbus delivered 577 commercial aircraft, 60 more than the year before. The manufacturer delivered 448 A320s, 97 A330s, 30 A380s and two A340s. Boeing delivered a total of 580 commercial aircraft, a significant 26% increase on the previous year. The company delivered 402 737s, 83 777s, 46 787s, 26 767s and 23 747s.

In the regional market, Bombardier and Embraer delivered 50 and 106 commercial aircraft, respectively. ATR also delivered 60 commercial turboprops, an all-time high for the manufacturer.

Fleet watch: 2012commercial aviation continues to grow

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Source: Ascend Online Fleets (February 2013)

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2012201120102009200820072006200520042003

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Turboprop

AIRLINER MARKET 10-YEAR VIEW - NET ORDERSaIrlIner market 10-year vIew - net orders

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aiRcRaFt FiNaNce 2013

represents an increase of more than 1,000 aircraft on the previous year.

At the end of 2012, Malaysian carrier AirAsia topped the backlog by operator listing with 339 A320 family aircraft, 264 of which are for the Neo variant. AirAsia was also the fleet manager leader with 389 aircraft on order. Lion Air followed the listing by operator with 329 737s on order, including 150 Max. Southwest Airlines and United Airlines show an order backlog of 321 and 299 aircraft respectively which they both own and manage.

In the leasing market, GECAS, ILFC, Air Lease and Aviation Capital Group showed backlog figures of 286, 225, 244 and 185 respectively.

From an operator region perspective, 44% of the commercial aircraft delivered in 2012 were for operators based in Asia-Pacific followed by Europe with 23%.

Order backlog at 31 December 2012

Airliner backlog ended the year at 10,833, including 4,660 for Airbus and 4,380 for Boeing. The total backlog figure

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AIRLINER MARKET 10-YEAR VIEW - DELIVERIESaIrlIner market 10-year vIew - delIverIes

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AIRLINER MARKET 10-YEAR VIEW - BACKLOGaIrlIner market 10-year vIew - backlog

doWnload an extended electronIc versIon oF thIs rePort InclUdInG the

deals by aIrcraFt tyPe atWWW.FlIGhtGlobal.coM/InsIGht

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NOTES: Figures extracted from Ascend Online Fleets from Flightglobal (February 2013). Regional split based on operator location (when available).

Read the monthly FleetWatch summaries at:www.flightglobal.com/fleetwatch

Regional overview for commercial aircraft in 2012

NORTH AMERICA

europe

SOuTH AMERICA

ASIA-pACIFIC

AFRICA

MIDDlE EAST

2012 net orders: 6702012 deliveries: 167Backlog (31 Dec): 2,678

2012 net orders: 2702012 deliveries: 147Backlog (31 Dec): 846

2012 net orders: 4712012 deliveries: 319Backlog (31 Dec): 1,918

2012 net orders: 42012 deliveries: 102Backlog (31 Dec): 873

2012 net orders: 9592012 deliveries: 617Backlog (31 Dec): 3,9552012 net orders: 18

2012 deliveries: 48Backlog (31 Dec): 188

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leasiNg OutlOOktop 10 lessors by fleet value

Extracts from:

Gecas $34.1bn -1.4%

aviation capital Group $5.6bn 16.7%

air lease $5.6bn 59.7%

sMbc aviation capital $5.9bn -11.6%

aWas $6.1bn 18.6%

cIt aerospace $7.2bn -4.2%

boc aviation $7.3bn 7.9%

aercap $7.7bn -8.8%

bbaM $8.7bn 9.8%

IlFc $26.1bn -6.0%

TOp FlIGHTGECAS has kept its impressive lead in the leasing stakes. While its portfolio by fleet value dropped slightly in 2012 to $34.1 billion, there was a sharper decline at its nearest rival International Lease Finance (ILFC). Continued growth during the past 12 months has moved BBAM up to make it the third-largest lessor.

HIGH RISERSAir Lease (ALC) marches on and less than three years after launch, a fleet portfolio of 151 valued at $5.6 billion puts it among the top 10 largest lessors in the world. Other rapid risers in 2012 lude Avolon, which grew its fleet value by 61% to $3.4 billion, and AWAS which grew by 19% to $6.1 billion.

REGIONAl SHIFTAircraft lessors hold a 20% share of the narrowbody aircraft backlog, and 12% of widebody orders. The latter is down on the 18% share lessors held five years ago. However, the biggest movement during that period is in regional jets. Lessors account for more than a fifth of the fleet backlog today, compared with only 3% in 2008.

EASTERN pROMISEChina Aircraft Leasing (CALC), which acquired 36 Airbus A320s last year, aims to build its portfolio to 100 aircraft by 2015, another sign of the growing development of the leasing sector in China.

BIG DEAlSA busy year for acquisitions in the sector was capped in December when Chinese investors agreed to buy a 90% stake in ILFC from AIG. It marks a further shift to the east in the finance sector after Japanese acquisitions earlier in the year. In October, Mitsubishi UFJ Lease & Finance acquired fast-growing Jackson Square Aviation after Sumitomo Mitsui completed its purchase of RBS Aviation Capital at the start of last year.

1,635Lessors’ firm backlog as at the end of 2012, led by GECAS with 285 aircraft, followed by Air Lease with 244, and ILFC with 225

32%Aircraft lessors’ shares represent almost a third of the total global fleet and 42% of the Airbus and Boeing narrowbody market

$181bnThe total fleet value of the top 50 aircraft lessors’ fleet portfolios in 2012, marking an increase of 6% over the previous year

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top 50 lessors and management companIes by fleet value

rank total fleet value total average value managed only2012 (2011) company $m change fleet $m change $m share1 (1) Gecas 34,096 -1.4% 1,742 19.6 -0.7% 1,162 3.4%2 (2) IlFc 26,123 -6.0% 1,033 25.3 -6.2% 946 3.6%3 (4) bbaM 8,622 9.8% 332 26.0 8.2% 7,602 88.2%4 (3) aercap 7,707 -8.8% 297 25.9 0.2% 1,937 25.1%5 (6) boc aviation 7,276 7.9% 198 36.7 -2.4% 702 9.6%6 (5) cIt aerospace 7,179 -4.2% 268 26.8 -6.0% 68 0.9%7 (8) aWas 6,131 18.6% 244 25.1 8.9% 116 1.9%8 (7) sMbc aviation capital 5,913 -11.6% 232 25.5 -6.3% 0 0.0%9 (12) air lease corporation 5,618 59.7% 151 37.2 2.6% 0 0.0%10 (9) aviation capital Group 5,582 16.7% 270 20.7 5.9% 170 3.0%11 (13) doric 4,046 35.6% 35 115.6 4.6% 4,046 100.0%12 (14) cdb leasing 3,795 32.1% 91 41.7 1.6% 0 0.0%13 (10) aircastle advisor 3,769 1.1% 158 23.9 -10.4% 55 1.4%14 (16) Mc aviation Partners 3,529 25.0% 110 32.1 -1.1% 788 22.3%15 (23) avolon aerospace lsg 3,414 61.3% 89 38.4 -5.8% 0 0.0%16 (18) Pembroke Group 3,395 33.8% 97 35.0 3.4% 145 4.3%17 (11) Macquarie airFinance 3,179 -12.2% 149 21.3 -8.1% 350 11.0%18 (17) Icbc leasing co 3,174 21.5% 82 38.7 -6.7% 124 3.9%19 (21) Jackson square aviation 2,762 25.2% 65 42.5 -11.4% 0 0.0%20 (15) sumisho acft asset Mgt 2,621 -8.5% 86 30.5 -5.3% 989 37.8%21 (25) dae capital 2,528 23.1% 51 49.6 13.5% 0 0.0%22 (22) hong Kong avn capital 2,301 4.6% 73 31.5 -2.6% 1,688 73.4%23 (27) Guggenheim avn Partners 2,278 29.4% 66 34.5 0.0% 0 0.0%24 (28) orIx aviation 2,232 56.4% 120 18.6 14.7% 323 14.5%25 (19) boeing capital corp 2,135 -11.0% 236 9.0 -8.7% 185 8.6%26 (24) amentum capital 2,067 -1.6% 45 45.9 -3.8% 2,067 100.0%27 (20) Fly leasing 2,024 -8.4% 110 18.4 -9.2% 0 0.0%28 (26) alaFco 1,566 -18.8% 51 30.7 -4.4% 0 0.0%29 (31) nordic aviation capital 1,478 46.4% 174 8.5 26.2% 0 0.0%30 (82) changjiang lsg co 1,156 668.6% 50 23.1 -23.1% 0 0.0%31 (30) lease corporation Int'l 970 -7.8% 12 80.9 -0.1% 970 100.0%32 (29) skyWorks leasing 962 -21.8% 84 11.5 -8.8% 962 100.0%33 (43) santos dumont acft Mgmt 961 87.7% 25 38.5 20.1% 0 0.0%34 (46) veb-leasing Jsc 867 82.2% 41 21.1 -2.2% 0 0.0%35 (34) Jetscape 853 8.7% 43 19.8 6.2% 325 38.1%36 (58) novus aviation 786 157.8% 17 46.2 127.5% 515 65.6%37 (33) aircraft leasing & Mgmt 738 -7.4% 35 21.1 11.1% 738 100.0%38 (35) Investec Global acft Fund 676 2.0% 19 35.6 -8.8% 172 25.5%39 (32) Penerbangan Malaysia 666 -24.0% 37 18.0 -13.7% 0 0.0%40 (37) cargo aircraft Mgmt 645 3.2% 75 8.6 6.0% 13 2.0%41 (56) china aircraft lsg 607 94.6% 16 37.9 21.7% 0 0.0%42 (48) avIc International lsg 587 35.6% 33 17.8 2.7% 6 0.9%43 (38) banc of america lsg 540 -12.1% 36 15.0 0.1% 17 3.1%44 (40) dragon aviation lsg co 537 -8.8% 17 31.6 -8.8% 0 0.0%45 (36) volito avn services 509 -18.7% 36 14.1 8.3% 0 0.0%46 (39) Goal 502 -15.9% 33 15.2 4.5% 0 0.0%47 (116) bocom leasing 499 1248.4% 15 33.3 79.8% 0 0.0%48 (41) vtb-leasing 494 -14.5% 39 12.7 -16.7% 297 60.3%49 (45) aircraft Purchase Fleet 463 -4.0% 16 28.9 -10.0% 0 0.0%50 (54) aldus aviation 457 41.8% 21 21.7 8.0% 0 0.0%

total 181,015 6.1% 7,355 24.6 1.0% 27,477 15.2%Notes: Fleet value based on Ascend estimates 2012. FLY Leasing aircraft managed by BBAM, but not luded in BBAM figures to avoid double counting. 2011 rankings reworked due to new historical data for two lessors. RBS Aviation Capital acquired by SMBC. DEFINITIONS: ranking: The survey is based on the Top 50 companies with a substantial operating lease business ranked by the value of their owned and/or managed fleets at the end of December 2012. change: The change figures are based on fleets/values supplied by Flightglobal’s Ascend Online Fleets and Values databases for December 2012 and 2011. operating lessors: Lessors are defined as those with an active operating lease business and a substantial investment in fleet. Companies that are solely or predominantly financiers have been excluded. Fleets & values: The survey represents a snapshot of fleets, including stored aircraft, with fair market generic values supplied by Ascend. Note the composition of fleets is constantly changing.

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top 50 lessors and management companIes by fleet sIze

rank total fleet fleet by category value2012 (2011) company number change units +/- wide narrow rJ/prop fleet ($m) rank average ($m)1 (1) Gecas 1,742 -0.7% -13 194 1,102 446 34,096 1 19.62 (2) IlFc 1,033 0.2% +2 277 756 26,123 2 25.33 (3) bbaM 332 1.5% +5 33 297 2 8,622 3 26.04 (4) aercap 297 -8.9% -29 44 246 7 7,707 4 25.95 (7) aviation capital Group 270 10.2% +25 11 259 5,582 10 20.76 (5) cIt aerospace 268 1.9% +5 39 217 12 7,179 6 26.87 (9) aWas 244 8.9% +20 50 192 2 6,131 7 25.18 (8) boeing capital corp 236 -2.5% -6 18 209 9 2,135 25 9.09 (6) sMbc aviation capital 232 -5.7% -14 2 218 12 5,913 8 25.510 (10) boc aviation 198 10.6% +19 27 166 5 7,276 5 36.711 (12) nordic aviation capital 174 16.0% +24 12 162 1,478 29 8.512 (13) aircastle advisor 158 12.9% +18 60 96 2 3,769 13 23.913 (17) air lease corporation 151 55.7% +54 28 85 38 5,618 9 37.214 (11) Macquarie airFinance 149 -4.5% -7 12 133 4 3,179 17 21.315 (15) orIx aviation 120 36.4% +32 17 100 3 2,232 24 18.616 (20) Mc aviation Partners 110 26.4% +23 28 82 3,529 14 32.117 (16) Fly leasing 110 0.9% +1 6 104 2,024 27 18.418 (14) Falko 105 -16.7% -21 105 280 64 2.719 (22) avmax aircraft leasing 99 19.3% +16 99 327 61 3.320 (24) Pembroke Group 97 29.3% +22 15 82 3,395 16 35.021 (28) cdb leasing 91 30.0% +21 23 49 19 3,795 12 41.722 (29) avolon aerospace lsg 89 71.2% +37 7 76 6 3,414 15 38.423 (21) sumisho acft asset Mgt 86 -3.4% -3 6 77 3 2,621 20 30.524 (18) skyWorks leasing 84 -14.3% -14 17 46 21 962 32 11.525 (26) Icbc leasing co 82 30.2% +19 22 53 7 3,174 18 38.726 (23) cargo aircraft Mgmt 75 -2.6% -2 44 31 645 40 8.627 (27) hong Kong avn capital 73 7.4% +5 17 50 6 2,301 22 31.528 (33) Guggenheim avn Partners 66 29.4% +15 33 33 2,278 23 34.529 (25) sky holding 66 -8.3% -6 12 54 408 56 6.230 (34) Jackson square aviation 65 41.3% +19 6 59 2,762 19 42.530 (19) saab aircraft lsg 59 -46.8% -52 59 98 85 1.732 (40) aersale 54 42.1% +16 18 36 430 52 8.033 (48) ecc leasing co 54 50.0% +18 54 368 58 6.834 (32) apollo aviation Group 52 10.6% +5 16 33 3 427 53 8.234 (36) dae capital 51 8.5% +4 20 31 2,528 21 49.634 (30) alaFco 51 -15.0% -9 4 47 1,566 28 30.737 (38) changjiang lsg co 50 8.7% +4 32 18 1,156 30 23.137 (63) Ga telesis 48 92.0% +23 15 21 12 387 57 8.139 (31) aergo capital 47 4.4% +2 44 3 97 86 2.139 (37) amentum capital 45 2.3% +1 14 26 5 2,067 26 45.941 (42) Jetscape 43 2.4% +1 6 37 853 35 19.842 (71) veb-leasing Jsc 41 86.4% +19 19 12 10 867 34 21.143 (45) JetFleet Mgmt corp 40 5.3% +2 40 107 84 2.744 (39) World star aviation 40 -11.1% -5 2 38 92 89 2.345 (47) vtb-leasing 39 2.6% +1 14 23 2 494 49 12.745 (43) Penerbangan Malaysia 37 -11.9% -5 20 17 666 39 18.047 (44) banc of america lsg 36 -12.2% -5 8 20 8 540 43 15.048 (35) volito avn services 36 -25.0% -12 36 509 45 14.149 (50) Ilyushin Finance co 36 9.1% +3 7 20 9 62 101 1.750 (57) doric 35 29.6% +8 27 8 4,046 11 115.6

total 7,796 3.8% +286 1,232 5,334 1,230 176,316 22.6NOTES: Figures based on fleet data from Flightglobal’s Ascend Online database for December 2012. Total fleet is owned and managed. 2011 data recalculated on basis of top 50 lessors by fleet size, and not top 50 lessors by fleet value ranked by their fleet size, as published previously. SMBC Aviation Capital was formerly RBS Aviation Capital

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top 50 leasing surveyOur annual review of the lessors provides a snapshot of the global fleet that they own and manage, compiled from flightglobal’s Ascend Online database as of December 2012

maInlIne aIrcraft: leased fleet

manufacturer/category type value ($m)

fleet av. value ($m)

airbus narrowbody a318 331 23 14.4a319 9,903 637 15.5a320 38,285 1,632 23.5a321 7,872 300 26.2

aIrbus narrowbody total 56,390 2,592 21.8airbus widebody a300 356 32 11.1

a310 115 21 5.5a330 23,279 395 58.9a340 2,568 100 25.7a380 3,047 18 169.3

aIrbus wIdebody total 29,365 566 51.9aIrbus total 85,756 3,158 27.2boeing narrowbody 717 1,049 128 8.2

727 16 24 0.7737 cFMI 2,549 756 3.4737 Jt8d 13 59 0.2737 nG 49,809 1,841 27.1757 2,994 293 10.2dc-8 43 28 1.5dc-9 1 6 0.1Md-80 293 177 1.7Md-90 60 12 5.0

boeIng narrowbody total 56,827 3,324 17.1boeing widebody 747 5,592 167 33.5

767 5,407 334 16.2777 24,193 271 89.3787 105 1 105.0dc-10 5 7 0.7Md-11 681 41 16.6

boeIng wIdebody total 35,983 821 43.8boeIng total 92,809 4,145 22.4maInlIne aIrcraft grand total 178,565 7,303 24.5

regIonal Jets: leased fleet

manufacturer type value ($m)

fleet av. value ($m)

bombardier crJ 1,030 285 3.6crJ700/900/1000 956 75 12.7

bombardIer total 1,986 360 5.5embraer e-170/175 1,440 80 18.0

e-190/195 5,128 205 25.0erJ-145 family 1,199 189 6.3

embraer total 7,766 474 16.4bae systems bae 146/avro rJ 234 76 3.1Fokker Fokker F.28/70/100 189 60 3.2others 279 34 8.2regIonal Jet grand total 10,454 1,004 10.4Notes: Embraer data ludes Harbin Chinese production; Others ludes Antonov An-148; Fairchild/Dornier 328Jet; Sukhoi Superjet 100; Mainline total covers Airbus and Boeing only. *BBAM excludes FLY Leasing, whose portfolio is managed by BBM. Source: Returns to annual leasing survey and Flightglobal’s Ascend Online database. Survey data covers all firms with an active operating lease business and a substantial investment in fleet and is not restricted to top 50 aircraft lessors as previously published.

narrowbody lessors by fleet value

rank company value ($m) fleet change1 Gecas 20,716 1,102 -212 IlFc 13,902 756 +63 bbaM 6,450 297 -14 sMbc aviation capital 5,647 218 -125 aviation capital Group 5,362 259 +256 aercap 5,161 246 -317 cIt aerospace 4,994 217 -18 boc aviation 4,660 166 +149 aWas 4,106 192 +2410 avolon aerospace leasing 2,690 76 +28

wIdebody lessors by fleet value

rank company value ($m) fleet change1 IlFc 12,222 277 -42 Gecas 9,504 194 +73 doric 3,867 27 +64 boc aviation 2,461 27 +25 aercap 2,442 44 +26 aircastle advisor 2,380 60 +67 air lease corporation 2,203 28 +118 bbaM 2,126 33 +49 aWas 2,018 50 -310 cIt aerospace 1,938 39 +0

regIonal aIrcraft lessors by fleet sIze

rank company value $m fleet Jets tprops change1 Gecas 3,876 446 418 28 -32 nordic aviation capital 1,442 162 5 157 +253 Falko 280 105 69 36 -284 avmax aircraft lsg 327 99 32 67 +145 saab aircraft leasing 98 59 0 59 -346 ecc leasing co 368 54 53 1 +177 JetFleet Management corp 107 40 7 33 -18 air lease corporation 1,008 38 30 8 +249 Jetscape 806 37 35 2 +410 erik thun ab 163 33 1 32 +1

turboprops: leased fleet

manufacturer type value ($m)

fleet av. value ($m)

atr atr 42 254 64 4.0atr 72 1,704 152 11.2

atr total 1,958 216 9.1bae systems atP/Jetstream 31/41 79 54 1.5bombardier twin otter/dash 8 1,778 219 8.1embraer eMb-120 17 13 1.3Fokker 50 84 48 1.7saab 340/2000 275 133 2.1others 173 68 2.5total 4,364 751 5.8maInlIne/regIonal grand total 193,383 9,058 21.3

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aiRcRaFt FiNaNce 2013

finding the fundsrecord production means that airlines’ delivery finance requirements will increase by 15% this year to $100 billion, with banking activity likely to grow significantly

The major airframers are set to deliver almost $100 billion worth of aircraft in 2013 as production rates in Airbus and Boeing’s plants surpass the record output of 1,190 units set last year.

According to projections based on data from the Flightglobal’s Ascend Online database, almost $96 billion worth of aircraft will be delivered by Airbus and Boeing this year (applying 2013 full-life base values). A further $3 billion worth of metal will be shipped by Bombardier and Embraer.

“We estimate that demand for finance is up by 15% this year over 2012,” says Flightglobal Ascend senior aviation analyst Rob Morris.

Airbus will again be shaded by its US rival, shipping $42 billion of assets, compared with $53 billion from Seattle. Airbus will earn more from single-aisles, delivering $24.7 billion worth of A320 family aircraft against $22.6 billion worth of 737s. But Toulouse looks set to be beaten fair and square in the more lucrative widebody market, delivering $17.7 billion worth of A330s and A380s against an impressive tally of $30.8 billion in 747s, 767s 777s and 787s by Boeing.

Well over two-fifths of the 2013 financing requirements will be from Asia-Pacific airlines, which will take $45 billion worth of airliners. “That’s 18% greater than last year,” Morris points out.

Europe accounts for around a fifth ($20 billion) of the delivery financing needs, while North American carriers will need to find almost $15 billion in financing this year. Morris says that the North American figure is around 40% greater than 2012.

Deliveries to Middle Eastern carriers will account for around $10 billion this year.

Morris expects that export credit agency (ECA) activity will be broadly the same as 2012: “We estimate around $24.5 billion worth of ECA financings, despite the potential increase in cost,” he says.

Bank activity is expected to grow significantly, with Asia Pacific driving much of that growth due to its greater funding requirements.

Capital market activity is set to increase by as much as 50%. This will be driven by the increased value of deliveries to North American airlines, Morris says.

“As for the assets, around 80% of deliveries will be types Ascend classes as ‘liquid’, and thus relatively easy to finance. That’s around the same ratio as last year and on this basis we expect finance will be found for the other 20%, as it was in 2012.”

2013 delIvery values by category and regIon

2013 delIvery values by aIrframer

Page 14: Aircraft finance report 2013

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Page 15: Aircraft finance report 2013

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aiRcRaFt FiNaNce 2013

Five appraisers review the market in 2012 and take a look ahead in 2013

Will there be a lot of order reshuffling this year?

Collateral Verifications Vp Commercial Aviation Services Gueric Dechavanne: “This will depend greatly on the state of the industry throughout the year. Should things keep moving at the same pace, we could see some deferrals from operators that were expecting 2013 to show more significant improvements that might be seen. This may be region specific though as some of the regions, such as North America, will most likely continue to take delivery of new aircraft, which are predominantly used as replacement aircraft versus growth aircraft.”

ICF SH&E Vp Ken de Jaeger: “ICF SH&E does not anticipate a material amount of order reshuffling in 2013 above and beyond what is typical in most years.”

IBA Group’s head of valuations and modelling Stuart Hatcher: “As the market continues to evolve then understandably airlines and operating lessors will want the freedom to shuffle some of their orders around, where possible. The backlog of Airbus A319s and Boeing 737-700s is quite smaller now, but there is plenty of room to move A320/737-800s up to the A321/737-900ER models. Likewise, we might expect to see the same for the A350 as well as the programme gathers momentum.”

Ascend director of valuations les Weal: “Probably some. We expect some airlines will push deliveries to the right and airlines with major fleet replacement needs (US airlines?) step in.”

Do you expect a pullback in orders for the 787 due to recent concerns? Will values be impacted?

Dechavanne: “I don’t believe we will see much pullback unless the current issues create a very significant delay. Values should also not get greatly impacted unless the issues found become more permanent, which is not expected. Boeing has too much invested in this aircraft to not do what

is necessary to get the aircraft back up and flying. I am confident that once the full issues have been identified, they will be fixed and the programme will continue as planned. I believe that in today’s environment, there is a lot of pressure from operators to have the original equipment manufacturers (OEM) produce more technologically advanced aircraft and due to this, there will always be issues that need to be worked out in the initial deliveries of these aircraft. This is what we are currently experiencing with the 787.”

De Jaeger: “ICF SH&E would not anticipate any significant new orders being signed until the root cause of the 787 battery issues have been identified. The investigation is still early and any commentary on the valuation impact would be pure speculation at this point.”

Hatcher: “Providing Boeing can sort this problem out, get the current fleet flying and prevent any long-term delays then a value crisis should be averted. But can it be done quickly and effectively to prevent further delays? The early line numbers already have big question marks above them as analysts try to assess their true capability versus those built further down the line – this could just be another reason why the majority of these early builds will not attract the lessors in the same way as the later builds. Once you couple the issues of weight, engine mod level and now battery issues, these early-build aircraft will have a different value treatment anyway – but that is no different to any other new programme in history either! Once the issues are sorted (still early days on when that will be) and the latest engines are in full production then it will be time for Boeing to prove just how good the design is. If this is part of a more serious issue, then we would expect to see some value impact. Given the bad press, I would expect to see more A350 orders this year – particularly for those who have been sitting on the fence. Some 787 orders will fall away but we may possibly see more reshuffling towards the larger variant(s?).”

Tailwind Capital Bryson Monteleone: “Pullbacks only if there is a significant re-design to the aircraft similar to the A380 programme, and operators cannot wait for additional lift should the program be paused.”

Weal: “Too early to say and probably not.”

maRket OutlOOkwhat appraisers expect in 2013

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Do you anticipate more aircraft to be parked in 2013? Why?

Dechavanne: “Yes. Unless traffic picks up significantly this year, operators will continue to replace older less efficient aircraft with newer aircraft, which means that more aircraft will be parked, perhaps indefinitely.”

De Jaeger: “ICF SH&E does not anticipate an increase in the fleet of parked aircraft in 2013; as always, bankruptcies and unpredictable exogenous events can and do cause spikes.”

Hatcher: “It is still tough out there and despite the expectation that fuel prices will stabilise, certain aircraft types will be parked up. Certainly the A340s and 747s will continue to feel the pain, likewise the smaller members of large families will continue to move to the desert. As passenger demand continues to rise, we may actually see more aircraft returning to service. Many airlines have become savvier to managing their available seat kilometres and operating lessors will be pushing hard to return many of their parked aircraft back into service. The overall number parked will remain the same, but the inmates will change. Undoubtedly some young aircraft will make their way into the desert as funding remains tight but new investors will continue to emerge and return a little confidence back to the market.”

Monteleone: “As long as OEMs continue to pump out new aircraft “en masse” at aggressive production rates, and financing/leasing for new aircraft remains more compelling, many used aircraft will have no place to go but be parked.”

Weal: “More important question are the permanent retirements and Ascend is interested to see if the youthfulness of the retirements we have seen last year continues in 2013.”

Do you believe the new ASu will see airlines rethink the amount of new aircraft they order?

Dechavanne: “This will not have much of an impact. Although the cost of financing new aircraft has and will go up, it is still less expensive than trying to finance used aircraft.”

De Jaeger: “Export credit financing has certainly provided a significant amount for new deliveries, and one consequence has been a migration of demand toward new aircraft, at the expense of used equipment. As the new ASU comes into effect, the relative attractiveness of used equipment will likely increase again, but we will still continue to see

significant new orders as the industry grows.”

Hatcher: “Nothing seems to affect how airlines think about new orders. Judging by recent activity, the game is centred on flooding the market with capacity, which is inevitable given that OEMs will raise production in order to reduce its backlog quicker or simply at the same rate that it is filling up! Having said that, airlines cannot continue in this way infinitum and we may see some reduction in orders from some of the main culprits of recent years – but there are still countless operators out there who have yet to place their order. Providing the airline has a reasonable business case then funding will appear from new avenues in the Middle East and Asia.”

Monteleone: “Not as long there remains an abundance of easy financing, especially by lessors willing to less than stellar credits.”

Which aircraft saw the greatest recovery in 2012?

Dechavanne: “I wouldn’t say that any aircraft saw a recovery. There were several new aircraft that remained stable, such as the 777-300ER and the A330-300 but the market still remained soft for most aircraft. On the used out-of-production side, the 757 remained the most stable aircraft compared to others.”

De Jaeger: “We really did not see much recovery in any of the aircraft types, but if we have to choose one aircraft, it would be the 737-900ER.”

Hatcher: “This is probably too strong a statement for any aircraft in 2012 as the market continues to remain flat and depressed. Specific types continue to move around in relatively large numbers that does provide some encouragement, although a single operator or specific regions are usually behind it – i.e. MD-90s, 757s and Fokker 70/100s – although the latter two have been holding their own for a number of years now.”

Monteleone: “Large turboprops.”

Weal: “Not sure anything really recovered in the jet sector.”

Which aircraft performed the worst in 2012?

Dechavanne: “Whilst most markets remained soft in 2012, the values of the 767-300ERs, older 737-800s, and A340s were hit the most.”

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aiRcRaFt FiNaNce 2013

De Jaeger: “The ERJ-135/140/145 family.”

Hatcher: “Any A340!”

Monteleone: “737 Next Generation aircraft and intermediate widebodies.”

Weal: “Not a sensible question, different yobs have vastly different result, I would suspect late build 747-400Fs were pretty weak and the A340-300 is in a tailspin.”

Do you see the second-hand market for narrowbodies improving this year?

Dechavanne: “Unfortunately no. There might be some stability if traffic numbers are better than expected but due to the fact that the OEMs have continued to ramp up production and financing of used aircraft remains difficult, this will continue to negatively impact second-hand aircraft.”

De Jaeger: “ICF SH&E expects the market for used but young (5-15 years old) narrowbody aircraft to improve this year, as more airlines and investors see the relative value in the aircraft at current trading levels.”

Hatcher: “Difficult to imagine. Too many new aircraft are due for delivery to spark any sudden surge and they will take all the financing up too! We expect to see more ‘lessor-lessor’ sales as new investors emerge to play the game. We will expect to see a slight return of lease rates first (despite low interest rates) before any pricing will return.”

Monteleone: “Narrowbodies will remain in-flux as there remains both a technological sunset for the Next Generation aircraft and perhaps a built-in obsolescence for the Neo and Max variants. Airlines seem to be happy with operating lessors taking on the residual risk as lessors continue to fill up their order books with large orders.”

Weal: “We need to see improved volumes of trades before we can call this.”

Do you see the second-hand market for widebodies improving this year?

Dechavanne: “No. My answer is similar to the one for narrowbody aircraft. There might be some level of stability with some aircraft should the cargo market improve thereby reasing the demand for converted freighters. Otherwise, 2013 will not be too dissimilar from 2012.”

De Jaeger: “ICF SH&E’s baseline expectation is that the second-hand widebody market would not improve in 2013 given the planned production levels; however, if the 787 battery issues are not resolved quickly, we would anticipate some increased demand from airlines to extend existing leases of medium widebody aircraft, providing support for elevated lease rates. Such support would not necessarily translate to improvements in values.”

Hatcher: “Some types will move about but they will be older variants as the new types don’t trade outside of the sale and leaseback market or post-repossession. If fuel prices does remain intact for 2013, then we could see a rise in freight traffic but I still believe there are too many big freighters parked up to spur any sudden conversion frenzy this year – although it would be good to see the low-cost freighter programme come to fruition. Feel stock are looking good but they may not be let go at market pricing if their book values remain too high. A340s will continue to trade this year but appraisers will struggle to keep up with the dropping values. Part-outs will probably drop away as well as that market reaches saturation. The year 2013 will also see an reasing number of A330s on the market. Off-lease, the pricing may appear scary, but providing they can find new homes or conversion prospects, the amount of desert time will hopefully remain short.”

Monteleone: “Yes, only if the 787 continues to have problems and operators require immediate lift. Otherwise intermediate widebodies might soften.”

Weal: “The 787 grounding could give the lease rates a fillip. Book value depreciation would be a good outcome for any aircraft.”

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Page 19: Aircraft finance report 2013

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aiRcRaFt FiNaNce 2013

aIrlIner fInance deals announced In 2008 wIth analysIs by operator/lessor

deals database 2012by customeraIrcraft fInance deals announced In 2012

customer country Month number ofaircraft

aircraft model enginetype

deal structure

1time airline South Africa Feb 1 MD-87 JT8D Loan/Finance/Refinanced

aercap Netherlands Jun 1 A320-200 CFM56 Loan/Finance/Refinanced

aercap Netherlands Aug 2 737-800 CFM56 Loan/Finance/Refinanced

aercap Netherlands Oct 1 A330-300 Trent ECA / EXIM

aercap Netherlands Oct 5 737-800 CFM56 Loan/Finance/Refinanced

aercap Netherlands Dec 10 737-800 CFM56 Pre Delivery Payment

aero capital solutions USA Jan 1 737-500 CFM56 Loan/Finance/Refinanced

aero capital solutions USA Mar 1 737-500 CFM56 Loan/Finance/Refinanced

aeroflot russian airlines Russia Jul 2 A330-300 Trent ECA / EXIM

aeroflot russian airlines Russia Aug 3 A330-300 Trent ECA / EXIM

aeromexico Mexico May 3 737-800 CFM56 ECA / EXIM

aerovision aircraft services USA Aug 10 ERJ-145 AE 3007 Loan/Finance/Refinanced

aersale USA Jan 2 737-300 CFM56 Loan/Finance/Refinanced

aersale USA Jan 6 747-400 CF6 Loan/Finance/Refinanced

aersale USA Mar 9 MD-90 V2500 Loan/Finance/Refinanced

aersale USA May 1 737-400 CFM56 Loan/Finance/Refinanced

aersale USA Oct 1 747-400 PW4000 Loan/Finance/Refinanced

aersale USA Nov 1 747-400 Combi CF6 Loan/Finance/Refinanced

aersale USA Dec 2 737-400 CFM56 Loan/Finance/Refinancedaersale USA Dec 1 737-400 CFM56 Loan/Finance/Refinanced

aersale USA Dec 1 747-400 PW4000 Loan/Finance/Refinanced

aersale USA Dec 1 767-300ER RB211 Loan/Finance/Refinanced

aersale USA Dec 1 MD-90 V2500 Loan/Finance/Refinanced

african holding co of america USA Dec 1 A320-200 CFM56 Loan/Finance/Refinanced

air arabia UAE Apr 2 A320-200 CFM56 Loan/Finance/Refinanced

air arabia UAE May 2 A320-200 CFM56 ECA / EXIM

air arabia UAE Jun 4 A320-200 CFM56 ECA / EXIM

air arabia UAE Jun 2 A320-200 CFM56 Finance Lease

air astana Kazakhstan Oct 2 190 CF34 ECA / EXIM

air astana Kazakhstan Nov 2 A321-200 V2500 ECA / EXIM

air capital Group USA Sep 1 MD-82 JT8D Loan/Finance/Refinanced

air china China Jan 1 A320-200 CFM56 Tax Lease| Loan/Finance/Refinanced

air china China Jan 1 A330-200 Trent Loan/Finance/Refinanced| Tax Lease

air china China Feb 6 A321-200 V2500 Tax Lease| ECA / EXIM

air china China Mar 4 A320-200 CFM56 ECA / EXIM

air china China Mar 1 737-800 CFM56 Loan/Finance/Refinanced

air china China Mar 1 777-300ER GE90 Loan/Finance/Refinanced

air china China May 1 A320-200 CFM56 Tax Lease

air china China May 1 A320-200 V2500 Tax Lease

air china China May 1 777-300ER GE90 Capital Markets

air china China Jul 2 777-300ER GE90 Capital Markets

air china China Aug 2 777-300ER GE90 Capital Markets

air china China Sep 1 737-800 CFM56 Loan/Finance/Refinanced

air France France Jan 1 A318-100 CFM56 Tax Lease

air France France Jan 1 A380-800 GP7200 Loan/Finance/Refinanced

air France France Mar 1 777-300ER GE90 Tax Lease

Page 20: Aircraft finance report 2013

aiRcRaFt FiNaNce 2013

20 | Flightglobal Insight | AircrAft finAnce 2013 AircrAft finAnce 2013 | Flightglobal Insight | 21

aIrcraft fInance deals announced In 2012

customer country Month number ofaircraft

aircraft model enginetype

deal structure

air France France Apr 1 A380-800 GP7200 ECA / EXIM| Tax Lease

air France France Apr 1 A380-800 GP7200 ECA / EXIM| Tax Lease

air France France Nov 1 A318-100 CFM56 Tax Lease

air France France Nov 1 A319-100 CFM56 Tax Lease

air France France Nov 1 777-300ER GE90 Tax Lease

air India India Apr 2 787-8 GEnx Loan/Finance/Refinanced

air India India Oct 1 787-8 GEnx Loan/Finance/Refinanced

air new Zealand New Zealand Jul 4 ATR 72-600 PW100 Tax Lease

air new Zealand New Zealand Dec 3 A320-200 V2500 Tax Lease

air tahiti French Polynesia Jun 2 ATR 42-600 PW100 Tax Lease

airasia Malaysia Jun 1 A320-200 CFM56 Loan/Finance/Refinanced

airasia Malaysia Jul 2 A320-200 CFM56 Finance Lease

airasia Malaysia Sep 1 A320-200 CFM56 Loan/Finance/Refinanced

airbridgecargo Russia Jan 5 747-8F GEnx Finance Lease

aircastle advisor USA Apr 1 A330-200 Trent ECA / EXIM

airlinair France Apr 1 ATR 72-500 PW100 Finance Lease

airlink - sa airlink South Africa Aug 3 ERJ-135 AE 3007 Loan/Finance/Refinanced

alaska airlines USA Sep 2 737-400 CFM56 Loan/Finance/Refinanced

all nippon airways Japan Feb 1 767-300ER CF6 Finance Lease

all nippon airways Japan Jul 1 777-200ER PW4000 Tax Lease

all nippon airways Japan Oct 1 777-200ER PW4000 Finance Lease

allegiant air USA Jan 1 MD-87 JT8D Loan/Finance/Refinanced

allegiant air USA Jan 2 MD-88 JT8D Loan/Finance/Refinanced

allegiant air USA Jun 2 757-200 RB211 Loan/Finance/Refinanced

allegiant air USA Jun 2 MD-87 JT8D Loan/Finance/Refinanced

allegiant air USA Jul 2 MD-87 JT8D Loan/Finance/Refinanced

allegiant air USA Oct 2 MD-87 JT8D Loan/Finance/Refinanced

american airlines USA Oct 8 737-800 CFM56 Loan/Finance/Refinanced

american airlines USA Oct 2 777-200 Trent Loan/Finance/Refinanced

aMra leasing Ireland Sep 1 Q400 PW100 Loan/Finance/Refinanced

apollo aviation Group USA Sep 1 757-200 PW2000 Loan/Finance/Refinanced

archway aviation UK Dec 2 A319-100 V2500 Loan/Finance/Refinanced

archway aviation UK Dec 2 A321-200 V2500 Loan/Finance/Refinanced

asiana airlines South Korea Jun 1 777-200ER PW4000 ECA / EXIM

asl aviation Group Ireland Aug 3 737-800 CFM56 Loan/Finance/Refinanced

atlas air USA Jan 6 747-8F GEnx ECA / EXIM

atlas air USA Mar 2 747-400ER CF6 Loan/Finance/Refinanced

atlas air USA Mar 3 767-300ER CF6 Loan/Finance/Refinanced

atlas air USA Jun 1 747-8F GEnx Capital Markets

atlas air USA Jul 1 747-8F GEnx Capital Markets

atlas air USA Oct 1 747-8F GEnx Capital Markets

atlas air USA Dec 1 747-8F GEnx Capital Markets

avianca Colombia Apr 1 A319-100 CFM56 ECA / EXIM

avianca Colombia Nov 2 A320-200 CFM56 ECA / EXIM

avianca Colombia Nov 1 A330-200F Trent ECA / EXIM

avianca| taca International airlines Aug 4 A320-200 TBC Pre Delivery Payment

aviation capital Group USA May 3 737-800 CFM56 Capital Markets

aviation capital Group USA May 6 737-800 CFM56 ECA / EXIM

aviation capital Group USA Jun 1 A320-200 V2500 Loan/Finance/Refinanced

aviation technologies USA Mar 1 737-400 CFM56 Loan/Finance/Refinanced

avIc International leasing China Jul 2 CRJ900 CF34 ECA / EXIM

avmax aircraft leasing Canada Feb 2 Dash 8-100 PW100 Loan/Finance/Refinanced

avmax aircraft leasing Canada May 2 Dash 8-200 PW100 Loan/Finance/Refinanced

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aiRcRaFt FiNaNce 2013

aIrcraft fInance deals announced In 2012

customer country Month number ofaircraft

aircraft model enginetype

deal structure

avolon aerospace leasing Ireland Jan 1 A320-200 CFM56 Loan/Finance/Refinanced

avolon aerospace leasing Ireland Jan 1 A320-200 V2500 Loan/Finance/Refinanced

avolon aerospace leasing Ireland Feb 1 A320-200 CFM56 ECA / EXIM

avolon aerospace leasing Ireland Feb 3 A320-200 V2500 ECA / EXIM

avolon aerospace leasing Ireland Feb 1 A330-200 Trent ECA / EXIM

avolon aerospace leasing Ireland Feb 4 737-800 CFM56 ECA / EXIM

avolon aerospace leasing Ireland Mar 2 190 CF34 Loan/Finance/Refinanced

avolon aerospace leasing Ireland Apr 1 A320-200 CFM56 Loan/Finance/Refinanced

avolon aerospace leasing Ireland Apr 1 A320-200 V2500 Loan/Finance/Refinanced

avolon aerospace leasing Ireland May 2 737-800 CFM56 Loan/Finance/Refinanced

avolon aerospace leasing Ireland Jun 2 A320-200 V2500 Loan/Finance/Refinanced

avolon aerospace leasing Ireland Jul 1 A321-200 V2500 Loan/Finance/Refinanced

avolon aerospace leasing Ireland Sep 1 A321-200 V2500 Loan/Finance/Refinanced

avolon aerospace leasing Ireland Oct 1 777-300ER GE90 Loan/Finance/Refinanced

avolon aerospace leasing Ireland Dec 3 737-800 CFM56 Loan/Finance/Refinanced

aWas Ireland Jan 1 737-800 CFM56 Loan/Finance/Refinanced

aWas Ireland Feb 2 A319-100 V2500 Loan/Finance/Refinanced

aWas Ireland Feb 2 A320-200 CFM56 ECA / EXIM| Tax Lease

aWas Ireland Feb 1 A320-200 CFM56 Loan/Finance/Refinanced

aWas Ireland Feb 5 A320-200 TBC Loan/Finance/Refinanced

aWas Ireland Feb 3 A320-200 V2500 ECA / EXIM| Tax Lease

aWas Ireland Feb 1 A321-200 V2500 ECA / EXIM| Tax Lease

aWas Ireland Feb 5 737-800 CFM56 Loan/Finance/Refinanced

aWas Ireland Mar 7 A320-200 TBC Pre Delivery Payment

aWas Ireland Apr 1 A320-200 CFM56 Loan/Finance/Refinanced

aWas Ireland Apr 1 737-700 CFM56 Loan/Finance/Refinanced

aWas Ireland Jun 1 A320-200 CFM56 Capital Markets

aWas Ireland Jun 1 A320-200 CFM56 Loan/Finance/Refinanced

aWas Ireland Jun 8 A320-200 TBC ECA / EXIM

aWas Ireland Jun 20 A320-200 TBC Pre Delivery Payment

aWas Ireland Jun 1 A320-200 V2500 Capital Markets

aWas Ireland Jun 1 737-800 CFM56 Capital Markets

aWas Ireland Jun 3 737-800 CFM56 ECA / EXIM

aWas Ireland Sep 1 A320-200 CFM56 Loan/Finance/Refinanced

aWas Ireland Sep 1 737-800 CFM56 ECA / EXIM

aWas Ireland Sep 2 737-800 CFM56 Loan/Finance/Refinanced

aWas Ireland Oct 1 A330-200 CF6 Loan/Finance/Refinanced

aWas Ireland Oct 1 737-800 CFM56 Loan/Finance/Refinanced

aWas Ireland Nov 2 A320-200 TBC ECA / EXIM

aWas Ireland Nov 1 A320-200 V2500 ECA / EXIM

aWas Ireland Nov 2 737-800 CFM56 Loan/Finance/Refinanced

aWas Ireland Dec 3 737-800 CFM56 Loan/Finance/Refinanced

aWas Ireland Dec 5 737-800 CFM56 Pre Delivery Payment

boc aviation Singapore Jan 1 737-700 CFM56 Loan/Finance/Refinanced

boc aviation Singapore Mar 1 A320-200 V2500 Loan/Finance/Refinanced

boc aviation Singapore Mar 2 737-700 CFM56 Loan/Finance/Refinanced

boc aviation Singapore Apr 2 A320-200 CFM56 Loan/Finance/Refinanced

boc aviation Singapore Apr 3 A320-200 V2500 Loan/Finance/Refinanced

boc aviation Singapore Apr 1 A321-200 CFM56 Loan/Finance/Refinanced

boc aviation Singapore Apr 1 737-700 CFM56 Loan/Finance/Refinanced

boc aviation Singapore Apr 2 195 CF34 Loan/Finance/Refinanced

boc aviation Singapore Jun 1 A330-200F Trent ECA / EXIM

boc aviation Singapore Jun 2 777-300ER GE90 ECA / EXIM

Page 22: Aircraft finance report 2013

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aIrcraft fInance deals announced In 2012

customer country Month number ofaircraft

aircraft model enginetype

deal structure

boc aviation Singapore Nov 4 A320-200 V2500 Loan/Finance/Refinanced

bocom leasing China May 1 A320-200 V2500 Loan/Finance/Refinanced

bocom leasing China Sep 2 A320-200 CFM56 Loan/Finance/Refinanced

bocom leasing China Sep 2 737-800 CFM56 Loan/Finance/Refinanced

bocom leasing China Sep 1 777-200LRF GE90 Loan/Finance/Refinanced

british airways UK Mar 1 777-300ER GE90 Tax Lease

british airways UK Nov 1 A320-200 V2500 Loan/Finance/Refinanced

british airways UK Nov 1 A320-200 V2500 Tax Lease

buddha air Nepal Jul 1 ATR 72-500 PW100 Loan/Finance/Refinanced

cargolux Luxembourg Nov 1 747-8F GEnx ECA / EXIM

cargolux Luxembourg Dec 1 747-8F GEnx Loan/Finance/Refinanced

cathay Pacific Hong Kong Feb 2 A330-300 Trent Tax Lease

cathay Pacific Hong Kong Apr 2 777-300ER GE90 Tax Lease

cathay Pacific Hong Kong Sep 2 A330-300 Trent ECA / EXIM

cathay Pacific Hong Kong Nov 1 A330-300 Trent Loan/Finance/Refinanced

cdb leasing company China May 2 737-800 CFM56 Loan/Finance/Refinanced

cdb leasing company China Jul 3 A320-200 V2500 Loan/Finance/Refinanced

cdb leasing company China Sep 4 A319-100 TBC Loan/Finance/Refinanced

cdb leasing company China Sep 1 A320-200 TBC Loan/Finance/Refinanced

cdb leasing company China Sep 1 A330-200 TBC Loan/Finance/Refinanced

cdb leasing company China Sep 3 737-800 CFM56 Tax Lease

cdI cargo airlines China Aug 1 737-300 CFM56 Loan/Finance/Refinanced

cebu Pacific air Philippines Jan 7 A320-200 CFM56 Pre Delivery Payment

cebu Pacific air Philippines Jul 3 A320-200 CFM56 ECA / EXIM

cemair South Africa Mar 1 CRJ100 CF34 Loan/Finance/Refinanced

changjiang leasing company China Oct 1 A320-200 CFM56 ECA / EXIM

china aircraft leasing Hong Kong Jan 1 A320-200 CFM56 ECA / EXIM

china aircraft leasing Hong Kong Jan 2 737-800 CFM56 ECA / EXIM

china aircraft leasing Hong Kong Jun 1 737-800 CFM56 ECA / EXIM

china cargo airlines China Sep 1 777-200LRF GE90 Loan/Finance/Refinanced

china eastern airlines China Mar 4 A320-200 CFM56 Tax Lease

china eastern airlines China May 1 A320-200 CFM56 Loan/Finance/Refinanced

china eastern airlines China May 1 A330-300 Trent Finance Lease

china eastern airlines China Jun 1 A319-100 CFM56 Finance Lease

china eastern airlines China Jun 1 A319-100 V2500 Finance Lease

china eastern airlines China Oct 2 737-700 CFM56 Loan/Finance/Refinanced

china eastern airlines China Oct 1 737-800 CFM56 Loan/Finance/Refinanced

china eastern airlines China Dec 1 A320-200 CFM56 Loan/Finance/Refinanced

china eastern airlines China Dec 3 A321-200 V2500 Loan/Finance/Refinanced

china eastern airlines China Dec 2 A330-200 Trent Loan/Finance/Refinanced

china southern airlines China Feb 1 A319-100 CFM56 Loan/Finance/Refinanced

china southern airlines China Feb 2 A330-200 PW4000 ECA / EXIM| Tax Lease

china southern airlines China Feb 3 737-800 CFM56 Loan/Finance/Refinanced

china southern airlines China Mar 1 737-700 CFM56 Loan/Finance/Refinanced

china southern airlines China Mar 1 737-800 CFM56 Loan/Finance/Refinanced

china southern airlines China May 3 737-800 CFM56 Tax Lease

china southern airlines China Jun 1 A320-200 V2500 ECA / EXIM| Tax Lease

china southern airlines China Jun 2 737-800 CFM56 Tax Lease

china southern airlines China Jul 2 A320-200 V2500 Tax Lease

china southern airlines China Nov 1 A321-200 V2500 Tax Lease

china World aviation leasing Ireland Jun 2 A320-200 CFM56 Loan/Finance/Refinanced

cIaF-leasing Egypt Mar 1 737-800 CFM56 Loan/Finance/Refinanced

cIt aerospace USA May 1 737-800 CFM56 ECA / EXIM

Page 23: Aircraft finance report 2013

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aiRcRaFt FiNaNce 2013

aIrcraft fInance deals announced In 2012

customer country Month number ofaircraft

aircraft model enginetype

deal structure

cIt aerospace USA Jun 3 A320-200 CFM56 ECA / EXIM

cIt aerospace USA Jun 1 A321-200 V2500 ECA / EXIM

cIt aerospace USA Jun 1 A330-200 CF6 ECA / EXIM

comair (south africa) South Africa Feb 2 737-400 CFM56 Loan/Finance/Refinanced

comair (south africa) South Africa Jun 2 737-800 PW100 ECA / EXIM

comair (south africa) South Africa Sep 1 737-300 CFM56 Loan/Finance/Refinanced

comair (south africa) South Africa Oct 1 737-300 CFM56 Loan/Finance/Refinanced

comtran International USA Feb 1 A320-200 V2500 Loan/Finance/Refinanced

continental airlines USA Mar 17 737-900 CFM56 Capital Markets

continental airlines USA Mar 4 787-8 GEnx Capital Markets

continental airlines USA Sep 18 737-900 CFM56 Capital Markets

continental airlines USA Sep 3 787-8 GEnx Capital Markets

conviasa Venezuela Sep 2 190 CF34 ECA / EXIM

czech airlines Czech Republic Apr 4 A320-200 CFM56 Tax Lease| ECA / EXIM

dae capital UAE Nov 1 777-200LRF GE90 Loan/Finance/Refinanced

dae capital UAE Dec 5 A319-100 CFM56 Loan/Finance/Refinanced

dae capital UAE Dec 2 A320-200 CFM56 Loan/Finance/Refinanced

dae capital UAE Dec 5 A320-200 V2500 Loan/Finance/Refinanced

dae capital UAE Dec 2 737-700 CFM56 Loan/Finance/Refinanced

dae capital UAE Dec 2 737-800 CFM56 Loan/Finance/Refinanced

dae capital UAE Dec 2 777-300ER GE90 Loan/Finance/Refinanced

delta air lines USA Mar 4 A320-200 CFM56 Loan/Finance/Refinanced

delta air lines USA Mar 6 757-200 PW2000 Loan/Finance/Refinanced

delta air lines USA Mar 3 767-300ER CF6 Loan/Finance/Refinanced

delta air lines USA Mar 2 767-300ER PW4000 Loan/Finance/Refinanced

delta air lines USA Mar 17 MD-88 JT8D Loan/Finance/Refinanced

delta air lines USA Mar 8 MD-90 V2500 Loan/Finance/Refinanced

delta air lines USA Apr 1 757-200 PW2000 Loan/Finance/Refinanced

delta air lines USA Jun 9 A319-100 CFM56 Capital Markets

delta air lines USA Jun 7 A320-200 CFM56 Capital Markets

delta air lines USA Jun 1 757-200 PW2000 Capital Markets

delta air lines USA Jun 8 767-300ER PW4000 Capital Markets

delta air lines USA Jun 6 767-400ER CF6 Capital Markets

delta air lines USA Jul 10 MD-88 JT8D Loan/Finance/Refinanced

delta air lines USA Sep 6 MD-90 V2500 Loan/Finance/Refinanced

delta air lines USA Oct 4 CRJ200 CF34 Loan/Finance/Refinanced

delta air lines USA Oct 13 CRJ900 CF34 Loan/Finance/Refinanced

deucalion aviation Funds Germany May 4 747-400 CF6 Loan/Finance/Refinanced

easyjet UK Mar 6 A320-200 CFM56 Tax Lease

el al Israel Jan 2 737-900 CFM56 Pre Delivery Payment

emirates airline UAE Jan 1 A380-800 GP7200 Loan/Finance/Refinanced

emirates airline UAE Jan 1 A380-800 GP7200 Tax Lease

emirates airline UAE Jan 2 777-300ER GE90 Tax Lease

emirates airline UAE Feb 1 A380-800 GP7200 Finance Lease

emirates airline UAE May 1 777-300ER GE90 ECA / EXIM

emirates airline UAE Jun 4 A380-800 GP7200 Capital Markets

emirates airline UAE Jul 4 777-300ER GE90 Capital Markets

emirates airline UAE Jul 1 777-300ER GE90 ECA / EXIM

emirates airline UAE Sep 1 777-300ER GE90 Capital Markets

emirates airline UAE Dec 1 A380-800 GP7200 Finance Lease

emirates airline UAE Dec 1 A380-800 GP7200 ECA / EXIM

ethiopian airlines Ethiopia Jul 1 787-8 GEnx Loan/Finance/Refinanced

ethiopian airlines Ethiopia Nov 4 787-8 GEnx Capital Markets

Page 24: Aircraft finance report 2013

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aIrcraft fInance deals announced In 2012

customer country Month number ofaircraft

aircraft model enginetype

deal structure

etihad airways UAE Jan 1 777-300ER GE90 Capital Markets

etihad airways UAE Feb 1 777-300ER GE90 Capital Markets

etihad airways UAE Apr 1 777-300ER GE90 ECA / EXIM

etihad airways UAE Jun 1 777-300ER GE90 Capital Markets

etihad airways UAE Dec 1 777-300ER GE90 Capital Markets

european aviation UK Jan 1 737-300 CFM56 Loan/Finance/Refinanced

expressJet airlines USA Jul 5 CRJ200 CF34 Loan/Finance/Refinanced

expressJet airlines USA Jul 2 CRJ700 CF34 Loan/Finance/Refinanced

Fayard enterprises USA Sep 1 Dash 8-100 PW100 Loan/Finance/Refinanced

Fedex USA Jan 4 MD-11F CF6 Capital Markets

Flybe UK Nov 1 175 CF34 Finance Lease

Flydubai UAE Sep 3 737-800 CFM56 ECA / EXIM

Frontier alaska aviation trust USA Jul 1 Dash 8-100 PW100 Loan/Finance/Refinanced

Frontier alaska aviation trust USA Oct 1 Dash 8-100 PW100 Loan/Finance/Refinanced

Gecas USA Jul 2 737-800 CFM56 Loan/Finance/Refinanced

Gecas USA Nov 1 767-200ERF CF6 Loan/Finance/Refinanced

Gecas USA Dec 3 A320-200 CFM56 Capital Markets

Gecas USA Dec 7 A320-200 V2500 Capital Markets

Gecas USA Dec 20 737-700 CFM56 Capital Markets

Gecas USA Dec 10 737-800 CFM56 Capital Markets

Gecas USA Dec 3 747-400F CF6 Capital Markets

Gecas USA Dec 3 777-200ER PW4000 Capital Markets

Gecas USA Dec 57 CRJ200 CF34 Capital Markets

Gecas USA Dec 7 CRJ700 CF34 Capital Markets

Gecas USA Dec 27 190 CF34 Capital Markets

Germania Germany Mar 1 A319-100 CFM56 Loan/Finance/Refinanced

Global Knafaim leasing Israel Jul 1 757-200 RB211 Loan/Finance/Refinanced

Goair India Aug 72 A320-200neo PW1000G Pre Delivery Payment

Guggenheim aviation Partners USA May 11 757-300 RB211 Loan/Finance/Refinanced

Guggenheim aviation Partners USA Sep 2 A330-200 Trent Loan/Finance/Refinanced

Guggenheim aviation Partners USA Nov 1 A330-300HGW PW4000 Loan/Finance/Refinanced

Guggenheim aviation Partners USA Dec 1 A330-200 Trent Loan/Finance/Refinanced

Guggenheim aviation Partners USA Dec 2 777-300ER GE90 Loan/Finance/Refinanced

Gulf air Bahrain Jul 2 A321-200 V2500 Finance Lease

hainan airlines China Jan 1 A320-200 V2500 Finance Lease

hainan airlines China Jan 3 737-800 CFM56 Loan/Finance/Refinanced

hainan airlines China Apr 1 A320-200 V2500 Finance Lease

hainan airlines China Apr 2 737-800 CFM56 ECA / EXIM

hainan airlines China Jun 2 190 CF34 Loan/Finance/Refinanced

hainan airlines China Jul 1 737-800 CFM56 Loan/Finance/Refinanced

hainan airlines China Aug 1 A319-100 V2500 ECA / EXIM

hainan airlines China Aug 2 737-800 CFM56 ECA / EXIM

hainan airlines China Aug 1 737-800 CFM56 Loan/Finance/Refinanced

hainan airlines China Sep 2 737-400 CFM56 Finance Lease

hainan airlines China Nov 2 190 CF34 Loan/Finance/Refinanced

hainan airlines China Dec 2 A319-100 V2500 Finance Lease

hainan airlines China Dec 1 A320-200 CFM56 Finance Lease

hainan airlines China Dec 3 737-800 CFM56 Pre Delivery Payment

hawaiian airlines USA Oct 1 A330-200 Trent Loan/Finance/Refinanced

hawaiian airlines USA Dec 1 A330-200 Trent Loan/Finance/Refinanced

hong Kong aviation capital Hong Kong May 1 A330-200 Trent Loan/Finance/Refinanced

hong Kong aviation capital Hong Kong Dec 1 A320-200 V2500 Loan/Finance/Refinanced

Icbc leasing China Jan 1 A320-200 CFM56 Loan/Finance/Refinanced

Page 25: Aircraft finance report 2013

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aiRcRaFt FiNaNce 2013

aIrcraft fInance deals announced In 2012

customer country Month number ofaircraft

aircraft model enginetype

deal structure

IlFc USA Jan 2 A319-100 CFM56 Capital Markets

IlFc USA Jan 6 A320-200 CFM56 Capital Markets

IlFc USA Jan 2 A320-200 V2500 Capital Markets

IlFc USA Jan 2 A321-200 CFM56 Capital Markets

IlFc USA Jan 1 A321-200 V2500 Capital Markets

IlFc USA Jan 1 A330-200 Trent Capital Markets

IlFc USA Jan 2 A330-300 PW4000 Capital Markets

IlFc USA Jan 4 A330-300 Trent Capital Markets

IlFc USA Jan 5 A340-300 CFM56 Capital Markets

IlFc USA Jan 1 A340-600 Trent Capital Markets

IlFc USA Jan 1 737-700 CFM56 Capital Markets

IlFc USA Jan 1 747-400 CF6 Capital Markets

IlFc USA Jan 1 747-400ERF CF6 Capital Markets

IlFc USA Jan 14 757-200 PW2000 Capital Markets

IlFc USA Jan 6 757-200 RB211 Capital Markets

IlFc USA Jan 7 767-300ER CF6 Capital Markets

IlFc USA Jan 2 767-300ER PW4000 Capital Markets

IlFc USA Jan 3 777-200ER GE90 Capital Markets

IlFc USA Jan 1 777-200ER PW4000 Capital Markets

IlFc USA Apr 2 A319-100 V2500 Capital Markets

IlFc USA Apr 2 A320-200 CFM56 Capital Markets

IlFc USA Apr 2 A320-200 V2500 Capital Markets

IlFc USA Apr 2 A321-100 V2500 Capital Markets

IlFc USA Apr 2 A321-200 CFM56 Capital Markets

IlFc USA Apr 1 A321-200 V2500 Capital Markets

IlFc USA Apr 1 A330-200 CF6 Capital Markets

IlFc USA Apr 1 A330-200 PW4000 Capital Markets

IlFc USA Apr 2 A330-200 Trent Capital Markets

IlFc USA Apr 2 737-300 CFM56 Capital Markets

IlFc USA Apr 4 737-400 CFM56 Capital Markets

IlFc USA Apr 1 737-500 CFM56 Capital Markets

IlFc USA Apr 1 737-700 CFM56 Capital Markets

IlFc USA Apr 3 737-800 CFM56 Capital Markets

IlFc USA Apr 7 737-800 CFM56 Loan/Finance/Refinanced

IlFc USA Apr 2 757-200 PW2000 Capital Markets

IlFc USA Apr 1 757-200 RB211 Capital Markets

IlFc USA Apr 2 767-300ER CF6 Capital Markets

IlFc USA Apr 3 767-300ER PW4000 Capital Markets

IlFc USA Apr 1 777-200ER GE90 Capital Markets

IlFc USA Apr 1 777-300ER GE90 Capital Markets

IlFc USA Dec 2 777-300ER GE90 Capital Markets

Interjet Mexico May 2 A320-200 CFM56 ECA / EXIM

Interjet Mexico Jun 20 Superjet 100 SaM146 ECA / EXIM

Interjet Mexico Nov 2 A320-200 CFM56 Loan/Finance/Refinanced

Intrepid aviation Group USA Sep 1 A330-200 Trent Pre Delivery Payment

Intrepid aviation Group USA Sep 2 A330-300 Trent Pre Delivery Payment

Investec aircraft syndicate Nov 1 777-200LRF GE90 Loan/Finance/Refinanced

Investec aircraft syndicate Dec 2 737-800 CFM56 Loan/Finance/Refinanced

Investec Global aircraft Fund Australia Jun 2 737-800 CFM56 Loan/Finance/Refinanced

Island air USA Oct 1 Dash 8-100 PW100 Loan/Finance/Refinanced

Jackson square aviation USA Jan 2 A321-200 V2500 Loan/Finance/Refinanced

Jackson square aviation USA Mar 2 A320-200 V2500 Loan/Finance/Refinanced

Jackson square aviation USA May 1 737-800 CFM56 Loan/Finance/Refinanced

Page 26: Aircraft finance report 2013

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aIrcraft fInance deals announced In 2012

customer country Month number ofaircraft

aircraft model enginetype

deal structure

Jackson square aviation USA Jun 2 A320-200 V2500 ECA / EXIM

Jackson square aviation USA Jun 1 737-800 CFM56 Loan/Finance/Refinanced

Jackson square aviation USA Jul 2 737-900 CFM56 ECA / EXIM

Jazeera airways Kuwait Jun 1 A320-200 CFM56 ECA / EXIM

Jazz Canada Aug 6 Q400 PW100 ECA / EXIM

Jet Midwest USA Nov 1 767-300ER PW4000 Loan/Finance/Refinanced

Jet Midwest USA Nov 3 MD-82 JT8D Loan/Finance/Refinanced

Jet Midwest USA Nov 1 MD-83 JT8D Loan/Finance/Refinanced

Jet Midwest USA Nov 7 Fokker 100 RB.183 Tay Loan/Finance/Refinanced

Jetblue airways USA Jan 1 190 CF34 Loan/Finance/Refinanced

Jetblue airways USA Jun 2 A320-200 V2500 Capital Markets

Jetblue airways USA Jun 1 A320-200 V2500 Loan/Finance/Refinanced

Jetblue airways USA Jun 2 190 CF34 Capital Markets

Jetblue airways USA Jun 3 190 CF34 Loan/Finance/Refinanced

Jetblue airways USA Oct 1 190 CF34 Loan/Finance/Refinanced

Jetblue airways USA Nov 1 A320-200 V2500 Loan/Finance/Refinanced

Jetblue airways USA Dec 1 A320-200 V2500 Loan/Finance/Refinanced

Jetran International USA Jan 2 737-400 CFM56 Loan/Finance/Refinanced

Jetran International USA Jun 1 737-400 CFM56 Loan/Finance/Refinanced

Jetran International USA Jul 1 MD-83 JT8D Loan/Finance/Refinanced

Jetran International USA Oct 2 737-500 CFM56 Loan/Finance/Refinanced

Jetran International USA Dec 2 737-500 CFM56 Loan/Finance/Refinanced

Jetstar Japan Japan Nov 1 A320-200 V2500 Finance Lease

Juliet romeo aviation USA Apr 1 737-400 CFM56 Loan/Finance/Refinanced

Juneyao airlines China Aug 1 A320-200 CFM56 Loan/Finance/Refinanced

Kenya airways Kenya Jun 1 777-300ER GE90 Pre Delivery Payment| Loan/Finance/Refinanced

Kenya airways Kenya Jun 9 787-8 GEnx Pre Delivery Payment| Loan/Finance/Refinanced

Kenya airways Kenya Jun 10 190 CF34 Pre Delivery Payment| Loan/Finance/Refinanced

KlM royal dutch airlines Netherlands Feb 2 737-700 CFM56 Tax Lease

KlM royal dutch airlines Netherlands Jul 1 777-300ER GE90 ECA / EXIM| Finance Lease

KlM royal dutch airlines Netherlands Oct 3 737-800 CFM56 Tax Lease

Korean air South Korea Jan 3 737-800 CFM56 Finance Lease

Korean air South Korea Jan 1 747-400ERF PW4000 Finance Lease

Korean air South Korea Jan 2 777-300 PW4000 Finance Lease

Korean air South Korea Dec 1 A380-800 GP7200 ECA / EXIM

Korean air South Korea Dec 1 747-8F GEnx ECA / EXIM

Korean air South Korea Dec 2 777-300ER GE90 ECA / EXIM

Kv aviation Australia Jan 1 747-400SF CF6 Loan/Finance/Refinanced

lan airlines Chile Mar 1 A319-100 CFM56 ECA / EXIM

lan airlines Chile Mar 2 767-300ER CF6 Finance Lease

lan airlines Chile Jun 9 767-300ER CF6 ECA / EXIM

lan airlines Chile Aug 6 A320-200 CFM56 ECA / EXIM

lan airlines Chile Aug 1 787-8 Trent Finance Lease

lan airlines Chile Oct 2 787-8 Trent Finance Lease

lion air Indonesia Jan 1 737-800 CFM56 ECA / EXIM

lion air Indonesia Feb 4 737-900 CFM56 Capital Markets

lion air Indonesia Dec 2 ATR 72-500 PW100 Loan/Finance/Refinanced

lion air Indonesia Dec 2 ATR 72-600 PW100 Loan/Finance/Refinanced

lot Polish airlines Poland Nov 5 787-8 Trent ECA / EXIM

lufthansa Germany Mar 1 A380-800 Trent Tax Lease

lufthansa Germany Apr 1 747-8I GEnx Finance Lease

lufthansa Germany May 2 A380-800 Trent ECA / EXIM

lufthansa Germany Jun 1 747-8I GEnx Tax Lease

Page 27: Aircraft finance report 2013

26 | Flightglobal Insight | AircrAft finAnce 2013 AircrAft finAnce 2013 | Flightglobal Insight | 27

aiRcRaFt FiNaNce 2013

aIrcraft fInance deals announced In 2012

customer country Month number ofaircraft

aircraft model enginetype

deal structure

luxair Luxembourg Aug 2 Q400 PW100 Finance Lease

luxair Luxembourg Nov 1 Q400 PW100 Finance Lease

luxair Luxembourg Dec 1 737-800 CFM56 Finance Lease

Malaysia airlines Malaysia Jan 1 A330-200F PW4000 Finance Lease

Malaysia airlines Malaysia May 4 A330-300HGW PW4000 ECA / EXIM

Middle east airlines Lebanon Jan 1 A320-200 V2500 Loan/Finance/Refinanced

nippon cargo airlines Japan Dec 1 747-8F GEnx Loan/Finance/Refinanced

nordic aviation capital Denmark Apr 5 ATR 72-600 PW100 ECA / EXIM| Tax Lease

nordic aviation capital Denmark Jul 3 Dash 8-300 PW100 Loan/Finance/Refinanced

norwegian Norway Dec 2 787-8 Trent Pre Delivery Payment

novus aviation Lebanon Jan 1 A330-300HGW PW4000 Loan/Finance/Refinanced

novus aviation Lebanon May 1 777-300ER GE90 Loan/Finance/Refinanced

novus aviation Lebanon Jun 1 777-300ER GE90 Loan/Finance/Refinanced

novus aviation Lebanon Nov 1 777-300ER GE90 Loan/Finance/Refinanced

orix aviation Ireland Sep 1 A330-200 Trent Loan/Finance/Refinanced

Pegasus airlines Turkey Jan 2 737-800 CFM56 ECA / EXIM

Philippine airlines Philippines Jun 1 777-300ER GE90 ECA / EXIM

Precision air Tanzania Dec 1 ATR 42-600 PW100 Finance Lease

Qantas Australia Mar 1 A320-200 V2500 Tax Lease

Qantas Australia Mar 1 737-800 CFM56 Tax Lease

regional equipment trust USA Aug 2 Q400 PW100 Loan/Finance/Refinanced

regourd aviation France Oct 1 ERJ-145 AE 3007 Finance Lease

republic airlines USA Aug 2 Q400 PW100 Loan/Finance/Refinanced

rostechnologii Group Russia Jan 15 737-700 CFM56 Pre Delivery Payment

rostechnologii Group Russia Jan 25 737-800 CFM56 Pre Delivery Payment

rostechnologii Group Russia Jan 10 737-900 CFM56 Pre Delivery Payment

royal air Maroc Morocco Mar 2 737-800 CFM56 ECA / EXIM

rwandair Rwanda Nov 2 CRJ900 CF34 ECA / EXIM

ryanair Ireland Mar 2 737-800 CFM56 Tax Lease

ryanair Ireland Jul 7 737-800 CFM56 Capital Markets

safair lease Finance South Africa Oct 1 737-400 CFM56 Loan/Finance/Refinanced

sas Multi-National (Europe) Dec 3 A330-300 Trent Loan/Finance/Refinanced

saudi arabian airlines Saudi Arabia Jan 1 A321-200 CFM56 Loan/Finance/Refinanced

sF airlines China Mar 2 737-300 CFM56 Finance Lease

sF airlines China Mar 2 757-200F RB211 Finance Lease

shandong airlines China May 1 737-800 CFM56 Loan/Finance/Refinanced

shandong airlines China Nov 4 737-800 CFM56 Loan/Finance/Refinanced

shenzhen airlines China Jan 1 737-800 CFM56 Loan/Finance/Refinanced

shenzhen airlines China Mar 4 737-800 CFM56 Loan/Finance/Refinanced

shenzhen airlines China Jun 2 A320-200 V2500 Loan/Finance/Refinanced

shenzhen airlines China Aug 3 737-800 CFM56 Loan/Finance/Refinanced

shenzhen airlines China Dec 2 A320-200 V2500 Loan/Finance/Refinanced

shenzhen airlines China Dec 4 737-800 CFM56 Loan/Finance/Refinanced

sichuan airlines China May 1 A320-200 V2500 ECA / EXIM

sichuan airlines China Aug 1 A319-100 V2500 Loan/Finance/Refinanced

sichuan airlines China Aug 1 A320-200 V2500 Loan/Finance/Refinanced

sichuan airlines China Aug 1 A321-200 V2500 ECA / EXIM

sichuan airlines China Aug 3 A321-200 V2500 Loan/Finance/Refinanced

sky airline Chile May 1 A319-100 CFM56 Tax Lease

sky airline Chile Jul 1 A319-100 CFM56 Tax Lease

skyWest airlines USA Jul 2 CRJ200 CF34 Loan/Finance/Refinanced

skyWest airlines USA Dec 1 CRJ200 CF34 Loan/Finance/Refinanced

solenta aviation South Africa Feb 1 ATR 42-300 PW100 Loan/Finance/Refinanced

Page 28: Aircraft finance report 2013

AircrAft finAnce 2013 | Flightglobal Insight | 29

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Page 29: Aircraft finance report 2013

AircrAft finAnce 2013 | Flightglobal Insight | 29

aiRcRaFt FiNaNce 2013

aIrcraft fInance deals announced In 2012

customer country Month number ofaircraft

aircraft model enginetype

deal structure

south african airways South Africa Jan 3 A340-200 CFM56 Loan/Finance/Refinanced

south african airways South Africa Mar 2 A320-200 V2500 Loan/Finance/Refinanced

south african airways South Africa Jul 1 A330-200 Trent Loan/Finance/Refinanced

southwest airlines USA Feb 1 737-700 CFM56 Loan/Finance/Refinanced

spring airlines China Jan 1 A320-200 CFM56 ECA / EXIM

spring airlines China Jan 2 A320-200 CFM56 Finance Lease

spring airlines China Mar 3 A320-200 CFM56 Loan/Finance/Refinanced

synergy aerospace Brazil Nov 6 A330-200 Trent Pre Delivery Payment

synergy aerospace Brazil Nov 3 A330-200F Trent Pre Delivery Payment

taca International airlines El Salvador Apr 1 A320-200 V2500 Loan/Finance/Refinanced

taca International airlines El Salvador Sep 1 A319-100 V2500 ECA / EXIM

taM linhas aereas Brazil Mar 2 A320-200 CFM56 Tax Lease

taM linhas aereas Brazil Jun 2 A320-200 CFM56 ECA / EXIM

taM linhas aereas Brazil Jun 2 777-300ER GE90 ECA / EXIM

taM linhas aereas Brazil Jul 6 A320-200 V2500 ECA / EXIM

taM linhas aereas Brazil Jul 2 A320-200 V2500 Finance Lease

taM linhas aereas Brazil Jul 2 777-300ER GE90 Capital Markets

taM linhas aereas Brazil Sep 4 A319-100 V2500 Loan/Finance/Refinanced

thai airways International Thailand Apr 3 A380-800 Trent ECA / EXIM

thai airways International Thailand Sep 2 A330-300 Trent Loan/Finance/Refinanced| Tax Lease

thai airways International Thailand Nov 2 A330-300 Trent Tax Lease| Loan/Finance/Refinanced

thai airways International Thailand Nov 1 A380-800 Trent ECA / EXIM

thomas cook airlines UK Dec 2 A330-200 Trent Loan/Finance/Refinanced

titan aviation leasing USA May 1 737-800 CFM56 Loan/Finance/Refinanced

tUI aviation Germany Nov 1 A330-300 Trent Loan/Finance/Refinanced

tUI aviation Germany Nov 2 737-800 CFM56 Tax Lease

tUI aviation Germany Dec 10 737-800 CFM56 Pre Delivery Payment

turkish airlines Turkey Jan 1 A330-200F Trent ECA / EXIM| Tax Lease

turkish airlines Turkey Jan 3 A330-300 Trent ECA / EXIM| Tax Lease

turkish airlines Turkey Jan 7 737-900 CFM56 ECA / EXIM

turkish airlines Turkey Feb 2 A321-200 V2500 Tax Lease

turkish airlines Turkey Feb 2 A321-200 V2500 Tax Lease| ECA / EXIM

turkish airlines Turkey Mar 2 A321-200 V2500 Tax Lease

turkish airlines Turkey May 2 737-800 CFM56 Tax Lease

United airlines USA Mar 1 737-800 CFM56 Loan/Finance/Refinanced

United airlines USA Mar 1 777-200ER GE90 Loan/Finance/Refinanced

United airlines USA Oct 1 737-800 CFM56 Loan/Finance/Refinanced

United airlines USA Dec 15 757-200 PW2000 Loan/Finance/Refinanced

UPs airlines USA Jan 1 767-300ERF CF6 Finance Lease

UPs airlines USA Feb 1 767-300ERF CF6 Finance Lease

UPs airlines USA Mar 1 767-300ERF CF6 Finance Lease

UPs airlines USA Apr 2 767-300ERF CF6 Finance Lease

UPs airlines USA May 1 767-300ERF CF6 Finance Lease

UPs airlines USA Dec 1 767-300ERF CF6 Finance Lease

Us airways USA Apr 4 A321-200 CFM56 Capital Markets

Us airways USA Apr 10 A321-200 V2500 Capital Markets

Us airways USA Apr 2 A321-200 V2500 Finance Lease

Us airways USA Aug 1 A321-200 V2500 Loan/Finance/Refinanced

Us airways USA Oct 1 190 CF34 Loan/Finance/Refinanced

Us airways USA Nov 7 A321-200 V2500 Capital Markets

Us airways USA Nov 3 A330-200 Trent Capital Markets

Us airways USA Nov 1 190 CF34 Loan/Finance/Refinanced

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AscendFG-Advert_Lighthouse-197x267-FINAL 28/01/2013 11:45 Page 1

Page 30: Aircraft finance report 2013

aiRcRaFt FiNaNce 2013

30 | Flightglobal Insight | AircrAft finAnce 2013

NoTe: Aircraft finance deals announced during 2012 with analysis by customer, financier and aircraft type. The aircraft transaction information contained in this section includes new and second-hand deals. Deals with unknown customers have not been included.SourCe: Aviation Exchange (www.ascendworldwide.com/aviationexchange)

aIrcraft fInance deals announced In 2012

customer country Month number ofaircraft

aircraft model enginetype

deal structure

Utair Russia Jun 4 737-800 CFM56 ECA / EXIM

Utair Russia Oct 20 A321-200 CFM56 Pre Delivery Payment

Uzbekistan airways Uzbekistan Feb 2 767-300ER PW4000 Loan/Finance/Refinanced

veb-leasing Russia Nov 4 777-300ER GE90 ECA / EXIM

vietnam airlines Vietnam Jun 4 A321-200 V2500 Loan/Finance/Refinanced

vietnam airlines Vietnam Aug 4 A321-200 V2500 Loan/Finance/Refinanced

vietnam airlines Vietnam Nov 1 A321-200 V2500 Loan/Finance/Refinanced

vietnam airlines Vietnam Dec 1 A321-200 V2500 ECA / EXIM

vietnam airlines Vietnam Dec 1 A321-200 V2500 Loan/Finance/Refinanced

virgin australia Australia Jun 2 737-800 CFM56 Loan/Finance/Refinanced

virgin australia Australia Jun 2 190 CF34 Loan/Finance/Refinanced

virgo Oct 2 737-700 CFM56 Loan/Finance/Refinanced

volito aviation services Sweden Jun 5 A319-100 CFM56 Loan/Finance/Refinanced

volito aviation services Sweden Jun 2 A319-100 V2500 Loan/Finance/Refinanced

volito aviation services Sweden Jun 2 A320-200 V2500 Loan/Finance/Refinanced

volito aviation services Sweden Jun 1 A321-200 V2500 Loan/Finance/Refinanced

volito aviation services Sweden Jun 2 737-700 CFM56 Loan/Finance/Refinanced

volito aviation services Sweden Jun 2 737-800 CFM56 Loan/Finance/Refinanced

vx capital Partners USA Jul 2 MD-88 JT8D Loan/Finance/Refinanced

vx capital Partners USA Nov 3 MD-88 JT8D Loan/Finance/Refinanced

Wealthcap Germany Oct 1 A380-800 Trent Loan/Finance/Refinanced

WestJet Canada Jan 2 737-800 CFM56 ECA / EXIM

xiamen airlines China Dec 1 737-800 CFM56 Loan/Finance/Refinanced

Page 31: Aircraft finance report 2013

30 | Flightglobal Insight | AircrAft finAnce 2013

Precision asset valuations

Ascend’s valuations and appraisals services are themost highly rated and respected in the industry.

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*Airline Economics Aviation 100 Awards Appraiser of the Year 2013

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from the Aircraft Appraiser of the Year 2013*

AscendFG-Advert_Diamond-197x267-FINAL 27/02/2013 13:11 Page 1

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deAls dAtAbAse 2012by aircraft modelaircrafT finance deals announced in 2012

aircraft model engine type Month Number of aircraft

customer Deal structure arrangers Debt provider equity providers buyer Seller

175 CF34 Jun-12 1 Operating Lease - Sale and Lease Back Aldus Aviation Flybe

175 CF34 Jun-12 3 Operating Lease - Sale and Lease Back Jetscape Alitalia

175 CF34 Jul-12 4 Operating Lease - Sale and Lease Back CIT Aerospace Alitalia

175 CF34 Sep-12 1 Operating Lease - Sale and Lease Back Aldus Aviation Flybe

175 CF34 Nov-12 1 Flybe Finance Lease (HEH) Hamburger EmissionsHaus & Cie NordLB

190 CF34 Jan-12 1 JetBlue Airways Loan/Finance/Refinanced BNDES - Brazilian Development Bank

190 CF34 Mar-12 2 Operating Lease - Sale and Lease Back Air Lease Corporation KLM Royal Dutch Airlines

190 CF34 Mar-12 1 Purchase - Lease Attached Macquarie AirFinance Jetscape

190 CF34 Mar-12 2 Avolon Aerospace Leasing Loan/Finance/Refinanced Helaba Landesbank Hessen Thuringen

190 CF34 Jun-12 2 Operating Lease - Sale and Lease Back Avolon Aerospace Leasing Virgin Australia

190 CF34 Jun-12 2 Purchase - Lease Attached Avolon Aerospace Leasing JetBlue Airways

190 CF34 Jun-12 2 Hainan Airlines Loan/Finance/Refinanced Industrial and Commercial Bank of China (ICBC)

190 CF34 Jun-12 2 JetBlue Airways Capital Markets

190 CF34 Jun-12 3 JetBlue Airways Loan/Finance/Refinanced Undisclosed Bank / Broker / Lessor

190 CF34 Jun-12 10 Kenya Airways Pre Delivery Payment| Loan/Finance/Refinanced Afriexim Bank

190 CF34 Jun-12 2 Virgin Australia Loan/Finance/Refinanced CIC Bank| Deutsche Bank

190 CF34 Jul-12 5 Purchase - Lease Attached US Airways Republic Airlines

190 CF34 Sep-12 2 Conviasa ECA / EXIM BNDES - Brazilian Development Bank

190 CF34 Oct-12 2 Air Astana ECA / EXIM BNDES - Brazilian Development Bank

190 CF34 Oct-12 1 JetBlue Airways Loan/Finance/Refinanced Undisclosed Bank / Broker / Lessor

190 CF34 Oct-12 1 US Airways Loan/Finance/Refinanced Undisclosed Bank / Broker / Lessor

190 CF34 Nov-12 1 Operating Lease - Sale and Lease Back Undisclosed Bank / Broker / Lessor Linhas Aereas de Mocambique

190 CF34 Nov-12 1 Purchase US Airways Republic Airlines

190 CF34 Nov-12 2 Hainan Airlines Loan/Finance/Refinanced China Development Bank

190 CF34 Nov-12 1 US Airways Loan/Finance/Refinanced Undisclosed Bank / Broker / Lessor

190 CF34 Dec-12 1 Purchase US Airways Republic Airlines

190 CF34 Dec-12 27 GECAS Capital Markets

195 CF34 Apr-12 2 BOC Aviation Loan/Finance/Refinanced DVB Bank

195 CF34 May-12 1 Operating Lease - Sale and Lease Back ORIX Aviation Azul

195 CF34 Oct-12 2 Purchase - Lease Attached Aircastle Advisor CIT Aerospace

195 CF34 Nov-12 2 Operating Lease - Sale and Lease Back CIT Aerospace Azul

195 CF34 Dec-12 2 Operating Lease - Sale and Lease Back Aircastle Advisor Azul

737-300 CFM56 Jan-12 1 Purchase AerSale The Connecticut National Bank

737-300 CFM56 Jan-12 1 Purchase Cara Capital Corp AFT 1999-1 ABS Portfolio

737-300 CFM56 Jan-12 1 Purchase GRAF1 (Aviation) WSA Undisclosed Bank / Broker / Lessor

737-300 CFM56 Jan-12 1 Purchase Infinity Trading & Solutions N302AW/N303AW Holdings

737-300 CFM56 Jan-12 1 Purchase Jet Time ORIX Aviation

737-300 CFM56 Jan-12 1 Purchase Jet2 Boeing Capital

737-300 CFM56 Jan-12 1 Purchase Swiftair Jetscape

737-300 CFM56 Jan-12 1 Purchase - Lease Attached AerCap AERCO 2000-1 ABS Portfolio

737-300 CFM56 Jan-12 22 Purchase - Lease Attached ORIX Aviation GECAS

737-300 CFM56 Jan-12 2 AerSale Loan/Finance/Refinanced Wells Fargo Bank

737-300 CFM56 Jan-12 1 European Aviation Loan/Finance/Refinanced Erste Bank

737-300 CFM56 Feb-12 1 Purchase GHS Trade FZE DGI II

737-300 CFM56 Feb-12 2 Purchase Source One Aircraft Repair Magnolia Investment

Page 33: Aircraft finance report 2013

32 | Flightglobal Insight | AircrAft finAnce 2013 AircrAft finAnce 2013 |Flightglobal Insight | 33

AircrAft finAnce 2013

aircrafT finance deals announced in 2012

aircraft model engine type Month Number of aircraft

customer Deal structure arrangers Debt provider equity providers buyer Seller

175 CF34 Jun-12 1 Operating Lease - Sale and Lease Back Aldus Aviation Flybe

175 CF34 Jun-12 3 Operating Lease - Sale and Lease Back Jetscape Alitalia

175 CF34 Jul-12 4 Operating Lease - Sale and Lease Back CIT Aerospace Alitalia

175 CF34 Sep-12 1 Operating Lease - Sale and Lease Back Aldus Aviation Flybe

175 CF34 Nov-12 1 Flybe Finance Lease (HEH) Hamburger EmissionsHaus & Cie NordLB

190 CF34 Jan-12 1 JetBlue Airways Loan/Finance/Refinanced BNDES - Brazilian Development Bank

190 CF34 Mar-12 2 Operating Lease - Sale and Lease Back Air Lease Corporation KLM Royal Dutch Airlines

190 CF34 Mar-12 1 Purchase - Lease Attached Macquarie AirFinance Jetscape

190 CF34 Mar-12 2 Avolon Aerospace Leasing Loan/Finance/Refinanced Helaba Landesbank Hessen Thuringen

190 CF34 Jun-12 2 Operating Lease - Sale and Lease Back Avolon Aerospace Leasing Virgin Australia

190 CF34 Jun-12 2 Purchase - Lease Attached Avolon Aerospace Leasing JetBlue Airways

190 CF34 Jun-12 2 Hainan Airlines Loan/Finance/Refinanced Industrial and Commercial Bank of China (ICBC)

190 CF34 Jun-12 2 JetBlue Airways Capital Markets

190 CF34 Jun-12 3 JetBlue Airways Loan/Finance/Refinanced Undisclosed Bank / Broker / Lessor

190 CF34 Jun-12 10 Kenya Airways Pre Delivery Payment| Loan/Finance/Refinanced Afriexim Bank

190 CF34 Jun-12 2 Virgin Australia Loan/Finance/Refinanced CIC Bank| Deutsche Bank

190 CF34 Jul-12 5 Purchase - Lease Attached US Airways Republic Airlines

190 CF34 Sep-12 2 Conviasa ECA / EXIM BNDES - Brazilian Development Bank

190 CF34 Oct-12 2 Air Astana ECA / EXIM BNDES - Brazilian Development Bank

190 CF34 Oct-12 1 JetBlue Airways Loan/Finance/Refinanced Undisclosed Bank / Broker / Lessor

190 CF34 Oct-12 1 US Airways Loan/Finance/Refinanced Undisclosed Bank / Broker / Lessor

190 CF34 Nov-12 1 Operating Lease - Sale and Lease Back Undisclosed Bank / Broker / Lessor Linhas Aereas de Mocambique

190 CF34 Nov-12 1 Purchase US Airways Republic Airlines

190 CF34 Nov-12 2 Hainan Airlines Loan/Finance/Refinanced China Development Bank

190 CF34 Nov-12 1 US Airways Loan/Finance/Refinanced Undisclosed Bank / Broker / Lessor

190 CF34 Dec-12 1 Purchase US Airways Republic Airlines

190 CF34 Dec-12 27 GECAS Capital Markets

195 CF34 Apr-12 2 BOC Aviation Loan/Finance/Refinanced DVB Bank

195 CF34 May-12 1 Operating Lease - Sale and Lease Back ORIX Aviation Azul

195 CF34 Oct-12 2 Purchase - Lease Attached Aircastle Advisor CIT Aerospace

195 CF34 Nov-12 2 Operating Lease - Sale and Lease Back CIT Aerospace Azul

195 CF34 Dec-12 2 Operating Lease - Sale and Lease Back Aircastle Advisor Azul

737-300 CFM56 Jan-12 1 Purchase AerSale The Connecticut National Bank

737-300 CFM56 Jan-12 1 Purchase Cara Capital Corp AFT 1999-1 ABS Portfolio

737-300 CFM56 Jan-12 1 Purchase GRAF1 (Aviation) WSA Undisclosed Bank / Broker / Lessor

737-300 CFM56 Jan-12 1 Purchase Infinity Trading & Solutions N302AW/N303AW Holdings

737-300 CFM56 Jan-12 1 Purchase Jet Time ORIX Aviation

737-300 CFM56 Jan-12 1 Purchase Jet2 Boeing Capital

737-300 CFM56 Jan-12 1 Purchase Swiftair Jetscape

737-300 CFM56 Jan-12 1 Purchase - Lease Attached AerCap AERCO 2000-1 ABS Portfolio

737-300 CFM56 Jan-12 22 Purchase - Lease Attached ORIX Aviation GECAS

737-300 CFM56 Jan-12 2 AerSale Loan/Finance/Refinanced Wells Fargo Bank

737-300 CFM56 Jan-12 1 European Aviation Loan/Finance/Refinanced Erste Bank

737-300 CFM56 Feb-12 1 Purchase GHS Trade FZE DGI II

737-300 CFM56 Feb-12 2 Purchase Source One Aircraft Repair Magnolia Investment

NOTE: Pages 32 to 79 should be viewed by selecting View,Page Display, Two Page View and Show Cover Page in Two Page View

in Acrobat Reader

Source: Aviation Exchange (www.ascendworldwide.com/aviationexchange)

Page 34: Aircraft finance report 2013

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34 | Flightglobal Insight | AircrAft finAnce 2013 AircrAft finAnce 2013 |Flightglobal Insight | 35

aircrafT finance deals announced in 2012

aircraft model engine type Month Number of aircraft

customer Deal structure arrangers Debt provider equity providers buyer Seller

737-300 CFM56 Feb-12 1 Purchase - Lease Attached Kahala Aviation First Greenwich Kahala

737-300 CFM56 Mar-12 1 Purchase Cargo Air Boeing Capital

737-300 CFM56 Mar-12 2 Purchase CDI Cargo Airlines Air China

737-300 CFM56 Mar-12 3 Purchase Innova Investments China Beijing Gahsm Aviation Supplies Science-Tech

737-300 CFM56 Mar-12 1 Purchase Jet2 GECAS

737-300 CFM56 Mar-12 1 Purchase Jet2 Sojitz Aircraft Leasing

737-300 CFM56 Mar-12 2 Purchase - Lease Attached Undisclosed Bank / Broker / Lessor AWAS

737-300 CFM56 Mar-12 1 SF Airlines Finance Lease Xunlian Investment

737-300 CFM56 Mar-12 1 SF Airlines Finance Lease Xunxiang Investment

737-300 CFM56 Apr-12 1 Purchase Aergo Capital LIFT 2001-1 ABS Portfolio

737-300 CFM56 Apr-12 1 Purchase Classic 500 Lufthansa

737-300 CFM56 Apr-12 1 Purchase G Rentals Varde Partners

737-300 CFM56 Apr-12 2 ILFC Capital Markets

737-300 CFM56 May-12 1 Purchase Automatic AirTrust Capital

737-300 CFM56 May-12 1 Purchase Nordavia - Regional Airlines Sojitz Aircraft Leasing

737-300 CFM56 May-12 1 Purchase Undisclosed Bank / Broker / Lessor European Aviation

737-300 CFM56 Jun-12 1 Purchase Jet2 Aergo Capital

737-300 CFM56 Jun-12 1 Purchase Northern Air Cargo AAG VII

737-300 CFM56 Jun-12 1 Purchase Trigana Air Aurora Aviation Group

737-300 CFM56 Jul-12 1 Purchase Contrails Capital Aircastle Advisor

737-300 CFM56 Jul-12 1 Purchase ILFC SWA

737-300 CFM56 Jul-12 4 Purchase Infinity Trading & Solutions Southwest Airlines

737-300 CFM56 Jul-12 1 Purchase Infinity Trading & Solutions Zephyrus Capital

737-300 CFM56 Jul-12 1 Purchase Zephyrus Capital ACAP 2000-1 ABS Portfolio

737-300 CFM56 Aug-12 1 Purchase Boeing Aircraft Holding Air Lease Corporation

737-300 CFM56 Aug-12 1 Purchase Global Pripal Finance Company Pacific Enterprises Leasing

737-300 CFM56 Aug-12 1 Purchase Jetran International BBAM

737-300 CFM56 Aug-12 1 Purchase - Lease Attached Undisclosed Bank / Broker / Lessor AWAS

737-300 CFM56 Aug-12 1 CDI Cargo Airlines Loan/Finance/Refinanced Bank of Beijing

737-300 CFM56 Sep-12 1 Purchase AeroTurbine Aircraft Statutory Trust N532AU

737-300 CFM56 Sep-12 1 Purchase Jetran International BBAM

737-300 CFM56 Sep-12 2 Purchase MidAmerican Aerospace Jetran International

737-300 CFM56 Sep-12 1 Comair (South Africa) Loan/Finance/Refinanced Investec Bank

737-300 CFM56 Oct-12 1 Purchase Air Lease Corporation Air China

737-300 CFM56 Oct-12 1 Purchase Air New Zealand AFT 1999-1 ABS Portfolio

737-300 CFM56 Oct-12 1 Purchase Air New Zealand ORIX Aviation

737-300 CFM56 Oct-12 1 Purchase Aircraft N532AU AeroTurbine

737-300 CFM56 Oct-12 1 Purchase Astra Holdings Engage Aviation

737-300 CFM56 Oct-12 1 Purchase Engage Aviation Jet Trading And Leasing

737-300 CFM56 Oct-12 1 Purchase Undisclosed Bank / Broker / Lessor AirTrust Capital

737-300 CFM56 Oct-12 1 Purchase Vx Capital Partners Air Lease Corporation

737-300 CFM56 Oct-12 2 Purchase - Lease Attached Aquiline International Corporation Source One Aircraft Repai

737-300 CFM56 Oct-12 1 Comair (South Africa) Loan/Finance/Refinanced Investec Bank

737-300 CFM56 Nov-12 1 Purchase Aergo Capital AIRPT 2001-1 ABS Portfolio

737-300 CFM56 Nov-12 1 Purchase Aergo Capital LIFT 2001-1 ABS Portfolio

737-300 CFM56 Nov-12 1 Purchase AeroTurbine Aircraft Statutory Trust N533AU

737-300 CFM56 Nov-12 1 Purchase Bulgaria Air CIT Aerospace

737-300 CFM56 Nov-12 1 Purchase FL Technics (Lithuania) AerCap

737-300 CFM56 Nov-12 2 Purchase Infinity Trading & Solutions Southwest Airlines

737-300 CFM56 Nov-12 1 Purchase MidAmerican Aerospace ACAP 2003-2 ABS Portfolio

737-300 CFM56 Nov-12 1 Purchase Small Planet Airlines (Lithuania) Volito Aviation Services

737-300 CFM56 Dec-12 1 Purchase Magna Tech Aviation AeroTurbine

737-300 CFM56 Dec-12 1 Purchase TAG Aviation (Stansted) AFT 1999-1 ABS Portfolio

737-400 CFM56 Jan-12 1 Purchase Airwork (NZ) Aurora Leasing

737-400 CFM56 Jan-12 1 Purchase CSDS Aircraft Sales & Leasing Aircastle Advisor

737-400 CFM56 Jan-12 2 Purchase Jetran International AIRPT 2001-1 ABS Portfolio

737-400 CFM56 Jan-12 1 Purchase TAG Aviation (Stansted) GECAS

Page 35: Aircraft finance report 2013

34 | Flightglobal Insight | AircrAft finAnce 2013 AircrAft finAnce 2013 |Flightglobal Insight | 35

AircrAft finAnce 2013

aircrafT finance deals announced in 2012

aircraft model engine type Month Number of aircraft

customer Deal structure arrangers Debt provider equity providers buyer Seller

737-300 CFM56 Feb-12 1 Purchase - Lease Attached Kahala Aviation First Greenwich Kahala

737-300 CFM56 Mar-12 1 Purchase Cargo Air Boeing Capital

737-300 CFM56 Mar-12 2 Purchase CDI Cargo Airlines Air China

737-300 CFM56 Mar-12 3 Purchase Innova Investments China Beijing Gahsm Aviation Supplies Science-Tech

737-300 CFM56 Mar-12 1 Purchase Jet2 GECAS

737-300 CFM56 Mar-12 1 Purchase Jet2 Sojitz Aircraft Leasing

737-300 CFM56 Mar-12 2 Purchase - Lease Attached Undisclosed Bank / Broker / Lessor AWAS

737-300 CFM56 Mar-12 1 SF Airlines Finance Lease Xunlian Investment

737-300 CFM56 Mar-12 1 SF Airlines Finance Lease Xunxiang Investment

737-300 CFM56 Apr-12 1 Purchase Aergo Capital LIFT 2001-1 ABS Portfolio

737-300 CFM56 Apr-12 1 Purchase Classic 500 Lufthansa

737-300 CFM56 Apr-12 1 Purchase G Rentals Varde Partners

737-300 CFM56 Apr-12 2 ILFC Capital Markets

737-300 CFM56 May-12 1 Purchase Automatic AirTrust Capital

737-300 CFM56 May-12 1 Purchase Nordavia - Regional Airlines Sojitz Aircraft Leasing

737-300 CFM56 May-12 1 Purchase Undisclosed Bank / Broker / Lessor European Aviation

737-300 CFM56 Jun-12 1 Purchase Jet2 Aergo Capital

737-300 CFM56 Jun-12 1 Purchase Northern Air Cargo AAG VII

737-300 CFM56 Jun-12 1 Purchase Trigana Air Aurora Aviation Group

737-300 CFM56 Jul-12 1 Purchase Contrails Capital Aircastle Advisor

737-300 CFM56 Jul-12 1 Purchase ILFC SWA

737-300 CFM56 Jul-12 4 Purchase Infinity Trading & Solutions Southwest Airlines

737-300 CFM56 Jul-12 1 Purchase Infinity Trading & Solutions Zephyrus Capital

737-300 CFM56 Jul-12 1 Purchase Zephyrus Capital ACAP 2000-1 ABS Portfolio

737-300 CFM56 Aug-12 1 Purchase Boeing Aircraft Holding Air Lease Corporation

737-300 CFM56 Aug-12 1 Purchase Global Pripal Finance Company Pacific Enterprises Leasing

737-300 CFM56 Aug-12 1 Purchase Jetran International BBAM

737-300 CFM56 Aug-12 1 Purchase - Lease Attached Undisclosed Bank / Broker / Lessor AWAS

737-300 CFM56 Aug-12 1 CDI Cargo Airlines Loan/Finance/Refinanced Bank of Beijing

737-300 CFM56 Sep-12 1 Purchase AeroTurbine Aircraft Statutory Trust N532AU

737-300 CFM56 Sep-12 1 Purchase Jetran International BBAM

737-300 CFM56 Sep-12 2 Purchase MidAmerican Aerospace Jetran International

737-300 CFM56 Sep-12 1 Comair (South Africa) Loan/Finance/Refinanced Investec Bank

737-300 CFM56 Oct-12 1 Purchase Air Lease Corporation Air China

737-300 CFM56 Oct-12 1 Purchase Air New Zealand AFT 1999-1 ABS Portfolio

737-300 CFM56 Oct-12 1 Purchase Air New Zealand ORIX Aviation

737-300 CFM56 Oct-12 1 Purchase Aircraft N532AU AeroTurbine

737-300 CFM56 Oct-12 1 Purchase Astra Holdings Engage Aviation

737-300 CFM56 Oct-12 1 Purchase Engage Aviation Jet Trading And Leasing

737-300 CFM56 Oct-12 1 Purchase Undisclosed Bank / Broker / Lessor AirTrust Capital

737-300 CFM56 Oct-12 1 Purchase Vx Capital Partners Air Lease Corporation

737-300 CFM56 Oct-12 2 Purchase - Lease Attached Aquiline International Corporation Source One Aircraft Repai

737-300 CFM56 Oct-12 1 Comair (South Africa) Loan/Finance/Refinanced Investec Bank

737-300 CFM56 Nov-12 1 Purchase Aergo Capital AIRPT 2001-1 ABS Portfolio

737-300 CFM56 Nov-12 1 Purchase Aergo Capital LIFT 2001-1 ABS Portfolio

737-300 CFM56 Nov-12 1 Purchase AeroTurbine Aircraft Statutory Trust N533AU

737-300 CFM56 Nov-12 1 Purchase Bulgaria Air CIT Aerospace

737-300 CFM56 Nov-12 1 Purchase FL Technics (Lithuania) AerCap

737-300 CFM56 Nov-12 2 Purchase Infinity Trading & Solutions Southwest Airlines

737-300 CFM56 Nov-12 1 Purchase MidAmerican Aerospace ACAP 2003-2 ABS Portfolio

737-300 CFM56 Nov-12 1 Purchase Small Planet Airlines (Lithuania) Volito Aviation Services

737-300 CFM56 Dec-12 1 Purchase Magna Tech Aviation AeroTurbine

737-300 CFM56 Dec-12 1 Purchase TAG Aviation (Stansted) AFT 1999-1 ABS Portfolio

737-400 CFM56 Jan-12 1 Purchase Airwork (NZ) Aurora Leasing

737-400 CFM56 Jan-12 1 Purchase CSDS Aircraft Sales & Leasing Aircastle Advisor

737-400 CFM56 Jan-12 2 Purchase Jetran International AIRPT 2001-1 ABS Portfolio

737-400 CFM56 Jan-12 1 Purchase TAG Aviation (Stansted) GECAS

Source: Aviation Exchange (www.ascendworldwide.com/aviationexchange)

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aircrafT finance deals announced in 2012

aircraft model engine type Month Number of aircraft

customer Deal structure arrangers Debt provider equity providers buyer Seller

737-400 CFM56 Jan-12 1 Purchase - Lease Attached KAL Aviation AAR Aircraft Sales & Leasing

737-400 CFM56 Jan-12 5 Purchase - Lease Attached ORIX Aviation GECAS

737-400 CFM56 Jan-12 2 Jetran International Loan/Finance/Refinanced Grand Bank of Texas

737-400 CFM56 Feb-12 1 Purchase Juliet Romeo Aviation CSDS Aircraft Sales & Leasing

737-400 CFM56 Feb-12 1 Purchase - Lease Attached Kahala Aviation First Greenwich Kahala

737-400 CFM56 Feb-12 2 Comair (South Africa) Loan/Finance/Refinanced Investec Bank

737-400 CFM56 Mar-12 4 Purchase Japan TransOcean Air MC Aviation Partners/Mitsubishi Corporation

737-400 CFM56 Mar-12 1 Purchase Jet Aviation FZC Boeing Capital

737-400 CFM56 Mar-12 1 Aviation Technologies Loan/Finance/Refinanced Jim Gallagher S.S

737-400 CFM56 Apr-12 1 Purchase ELTA Electronics AWAS

737-400 CFM56 Apr-12 1 Purchase KAL Aviation AAR Aircraft Sales & Leasing

737-400 CFM56 Apr-12 4 ILFC Capital Markets

737-400 CFM56 Apr-12 1 Juliet Romeo Aviation Loan/Finance/Refinanced Plainscapital Bank

737-400 CFM56 May-12 1 Purchase - Lease Attached VEB-Leasing AerCap

737-400 CFM56 May-12 1 Purchase - Lease Attached VEB-Leasing Aergo Capital

737-400 CFM56 May-12 1 Purchase Undisclosed Bank / Broker / Lessor EAST 2000-1 ABS Portfolio

737-400 CFM56 May-12 1 AerSale Loan/Finance/Refinanced Wells Fargo Bank

737-400 CFM56 Jun-12 1 Purchase Batavia Air AERCO 2000-1 ABS Portfolio

737-400 CFM56 Jun-12 1 Purchase Jetran International GECAS

737-400 CFM56 Jun-12 1 Purchase Undisclosed Bank / Broker / Lessor Qantas

737-400 CFM56 Jun-12 1 Jetran International Loan/Finance/Refinanced Trustmark National Bank (Texas)

737-400 CFM56 Jul-12 1 Purchase Aero Nusantara Indonesia TAG Aviation (Stansted)

737-400 CFM56 Aug-12 2 Purchase AAR Aircraft Sales & Leasing AERCO 2000-1 ABS Portfolio

737-400 CFM56 Aug-12 3 Purchase ASL Aviation Group Qantas

737-400 CFM56 Aug-12 1 Purchase Enter Air Volito Aviation Services

737-400 CFM56 Aug-12 1 Purchase SF Airlines Speed Star ( Hong Kong )

737-400 CFM56 Aug-12 1 Purchase - Lease Attached VEB-Leasing BBAM

737-400 CFM56 Sep-12 1 Purchase AAR Aircraft Sales & Leasing EAST 2000-1 ABS Portfolio

737-400 CFM56 Sep-12 1 Purchase Allied Air Prudential Retirement Insurance & Annuity Company

737-400 CFM56 Sep-12 2 Alaska Airlines Loan/Finance/Refinanced Citibank

737-400 CFM56 Sep-12 2 Hainan Airlines Finance Lease China Construction Bank

737-400 CFM56 Oct-12 1 Purchase China Postal Airlines Cosmos Posts&Telecommunications Intl Lsg

737-400 CFM56 Oct-12 1 Purchase Cosmos Posts&Telecommunications Intl Lsg ILFC

737-400 CFM56 Oct-12 1 Purchase GainJet Aviation KLM Royal Dutch Airlines

737-400 CFM56 Oct-12 2 Purchase Grandmax Group Japan TransOcean Air

737-400 CFM56 Oct-12 1 Safair Lease Finance Loan/Finance/Refinanced Investec Bank

737-400 CFM56 Nov-12 1 Purchase Aergo Capital AIRPT 2001-1 ABS Portfolio

737-400 CFM56 Nov-12 10 Purchase Malaysian Airlines AAR Aircraft Sales & Leasing

737-400 CFM56 Nov-12 1 Purchase Reliance Aircraft International Penerbangan Malaysia Berhad

737-400 CFM56 Dec-12 1 Purchase SF Airlines Fast Spread Investment

737-400 CFM56 Dec-12 1 Purchase Undisclosed Bank / Broker / Lessor Aircraft Solutions

737-400 CFM56 Dec-12 2 AerSale Loan/Finance/Refinanced Wells Fargo Bank

737-400 CFM56 Dec-12 1 AerSale Loan/Finance/Refinanced Wells Fargo Bank

737-500 CFM56 Jan-12 1 Purchase Aero Capital Solutions Volito Aviation Services

737-500 CFM56 Jan-12 1 Purchase BLF GECAS

737-500 CFM56 Jan-12 4 Purchase BLF United Airlines

737-500 CFM56 Jan-12 2 Purchase MidAmerican Aerospace Apollo Aviation Group

737-500 CFM56 Jan-12 4 Purchase United Airlines Undisclosed Bank / Broker / Lessor

737-500 CFM56 Jan-12 2 Purchase - Lease Attached ORIX Aviation GECAS

737-500 CFM56 Jan-12 1 Aero Capital Solutions Loan/Finance/Refinanced The Frost National Bank

737-500 CFM56 Feb-12 1 Purchase Av-Air All Nippon Airways

737-500 CFM56 Mar-12 1 Purchase Aero Capital Solutions Volito Aviation Services

737-500 CFM56 Mar-12 1 Purchase GHS Trade FZE Aerovista

737-500 CFM56 Mar-12 5 Purchase Nordavia - Regional Airlines AIRPT 2001-1 ABS Portfolio

737-500 CFM56 Mar-12 1 Purchase United Airlines Undisclosed Bank / Broker / Lessor

737-500 CFM56 Mar-12 1 Aero Capital Solutions Loan/Finance/Refinanced The Frost National Bank

737-500 CFM56 Apr-12 2 Purchase Universal Asset Management United Airlines

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AircrAft finAnce 2013

aircrafT finance deals announced in 2012

aircraft model engine type Month Number of aircraft

customer Deal structure arrangers Debt provider equity providers buyer Seller

737-400 CFM56 Jan-12 1 Purchase - Lease Attached KAL Aviation AAR Aircraft Sales & Leasing

737-400 CFM56 Jan-12 5 Purchase - Lease Attached ORIX Aviation GECAS

737-400 CFM56 Jan-12 2 Jetran International Loan/Finance/Refinanced Grand Bank of Texas

737-400 CFM56 Feb-12 1 Purchase Juliet Romeo Aviation CSDS Aircraft Sales & Leasing

737-400 CFM56 Feb-12 1 Purchase - Lease Attached Kahala Aviation First Greenwich Kahala

737-400 CFM56 Feb-12 2 Comair (South Africa) Loan/Finance/Refinanced Investec Bank

737-400 CFM56 Mar-12 4 Purchase Japan TransOcean Air MC Aviation Partners/Mitsubishi Corporation

737-400 CFM56 Mar-12 1 Purchase Jet Aviation FZC Boeing Capital

737-400 CFM56 Mar-12 1 Aviation Technologies Loan/Finance/Refinanced Jim Gallagher S.S

737-400 CFM56 Apr-12 1 Purchase ELTA Electronics AWAS

737-400 CFM56 Apr-12 1 Purchase KAL Aviation AAR Aircraft Sales & Leasing

737-400 CFM56 Apr-12 4 ILFC Capital Markets

737-400 CFM56 Apr-12 1 Juliet Romeo Aviation Loan/Finance/Refinanced Plainscapital Bank

737-400 CFM56 May-12 1 Purchase - Lease Attached VEB-Leasing AerCap

737-400 CFM56 May-12 1 Purchase - Lease Attached VEB-Leasing Aergo Capital

737-400 CFM56 May-12 1 Purchase Undisclosed Bank / Broker / Lessor EAST 2000-1 ABS Portfolio

737-400 CFM56 May-12 1 AerSale Loan/Finance/Refinanced Wells Fargo Bank

737-400 CFM56 Jun-12 1 Purchase Batavia Air AERCO 2000-1 ABS Portfolio

737-400 CFM56 Jun-12 1 Purchase Jetran International GECAS

737-400 CFM56 Jun-12 1 Purchase Undisclosed Bank / Broker / Lessor Qantas

737-400 CFM56 Jun-12 1 Jetran International Loan/Finance/Refinanced Trustmark National Bank (Texas)

737-400 CFM56 Jul-12 1 Purchase Aero Nusantara Indonesia TAG Aviation (Stansted)

737-400 CFM56 Aug-12 2 Purchase AAR Aircraft Sales & Leasing AERCO 2000-1 ABS Portfolio

737-400 CFM56 Aug-12 3 Purchase ASL Aviation Group Qantas

737-400 CFM56 Aug-12 1 Purchase Enter Air Volito Aviation Services

737-400 CFM56 Aug-12 1 Purchase SF Airlines Speed Star ( Hong Kong )

737-400 CFM56 Aug-12 1 Purchase - Lease Attached VEB-Leasing BBAM

737-400 CFM56 Sep-12 1 Purchase AAR Aircraft Sales & Leasing EAST 2000-1 ABS Portfolio

737-400 CFM56 Sep-12 1 Purchase Allied Air Prudential Retirement Insurance & Annuity Company

737-400 CFM56 Sep-12 2 Alaska Airlines Loan/Finance/Refinanced Citibank

737-400 CFM56 Sep-12 2 Hainan Airlines Finance Lease China Construction Bank

737-400 CFM56 Oct-12 1 Purchase China Postal Airlines Cosmos Posts&Telecommunications Intl Lsg

737-400 CFM56 Oct-12 1 Purchase Cosmos Posts&Telecommunications Intl Lsg ILFC

737-400 CFM56 Oct-12 1 Purchase GainJet Aviation KLM Royal Dutch Airlines

737-400 CFM56 Oct-12 2 Purchase Grandmax Group Japan TransOcean Air

737-400 CFM56 Oct-12 1 Safair Lease Finance Loan/Finance/Refinanced Investec Bank

737-400 CFM56 Nov-12 1 Purchase Aergo Capital AIRPT 2001-1 ABS Portfolio

737-400 CFM56 Nov-12 10 Purchase Malaysian Airlines AAR Aircraft Sales & Leasing

737-400 CFM56 Nov-12 1 Purchase Reliance Aircraft International Penerbangan Malaysia Berhad

737-400 CFM56 Dec-12 1 Purchase SF Airlines Fast Spread Investment

737-400 CFM56 Dec-12 1 Purchase Undisclosed Bank / Broker / Lessor Aircraft Solutions

737-400 CFM56 Dec-12 2 AerSale Loan/Finance/Refinanced Wells Fargo Bank

737-400 CFM56 Dec-12 1 AerSale Loan/Finance/Refinanced Wells Fargo Bank

737-500 CFM56 Jan-12 1 Purchase Aero Capital Solutions Volito Aviation Services

737-500 CFM56 Jan-12 1 Purchase BLF GECAS

737-500 CFM56 Jan-12 4 Purchase BLF United Airlines

737-500 CFM56 Jan-12 2 Purchase MidAmerican Aerospace Apollo Aviation Group

737-500 CFM56 Jan-12 4 Purchase United Airlines Undisclosed Bank / Broker / Lessor

737-500 CFM56 Jan-12 2 Purchase - Lease Attached ORIX Aviation GECAS

737-500 CFM56 Jan-12 1 Aero Capital Solutions Loan/Finance/Refinanced The Frost National Bank

737-500 CFM56 Feb-12 1 Purchase Av-Air All Nippon Airways

737-500 CFM56 Mar-12 1 Purchase Aero Capital Solutions Volito Aviation Services

737-500 CFM56 Mar-12 1 Purchase GHS Trade FZE Aerovista

737-500 CFM56 Mar-12 5 Purchase Nordavia - Regional Airlines AIRPT 2001-1 ABS Portfolio

737-500 CFM56 Mar-12 1 Purchase United Airlines Undisclosed Bank / Broker / Lessor

737-500 CFM56 Mar-12 1 Aero Capital Solutions Loan/Finance/Refinanced The Frost National Bank

737-500 CFM56 Apr-12 2 Purchase Universal Asset Management United Airlines

Source: Aviation Exchange (www.ascendworldwide.com/aviationexchange)

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aircrafT finance deals announced in 2012

aircraft model engine type Month Number of aircraft

customer Deal structure arrangers Debt provider equity providers buyer Seller

737-500 CFM56 Apr-12 1 ILFC Capital Markets

737-500 CFM56 May-12 1 Purchase ARC Avionics Corp CIT Aerospace

737-500 CFM56 May-12 1 Purchase BLF United Airlines

737-500 CFM56 May-12 2 Purchase Universal Asset Management United Airlines

737-500 CFM56 Jun-12 5 Operating Lease - Sale and Lease Back Sberbank Leasing UTair

737-500 CFM56 Jul-12 1 Purchase Marsland Aerovista

737-500 CFM56 Aug-12 1 Purchase All Nippon Airways BBAM

737-500 CFM56 Aug-12 1 Purchase Buraq Air GECAS

737-500 CFM56 Aug-12 1 Purchase European Aviation Jeritt

737-500 CFM56 Aug-12 1 Purchase Marana Aerospace Solutions ARC Avionics

737-500 CFM56 Sep-12 1 Purchase Sibit.1 Sojitz Aircraft Leasing

737-500 CFM56 Oct-12 1 Purchase Aero Capital Solutions Volito Aviation Services

737-500 CFM56 Oct-12 4 Purchase airBaltic Marron Ventures

737-500 CFM56 Oct-12 2 Purchase Jetran International GECAS

737-500 CFM56 Oct-12 2 Jetran International Loan/Finance/Refinanced Grand Bank of Texas

737-500 CFM56 Nov-12 1 Purchase Air North AERCO 2000-1 ABS Portfolio

737-500 CFM56 Dec-12 2 Purchase BLF United Airlines

737-500 CFM56 Dec-12 2 Jetran International Loan/Finance/Refinanced Jione Financial

737-600 CFM56 May-12 1 Purchase AMES-CAMO Austrian

737-600 CFM56 Jun-12 1 Purchase - Lease Attached Apollo Aviation Group First Greenwich Kahala

737-600 CFM56 Aug-12 1 Purchase - Lease Attached Infinity Aviation Capital Lease Corporation International

737-600 CFM56 Dec-12 1 Purchase - Lease Attached Apollo Aviation Group BBAM

737-700 CFM56 Jan-12 1 BOC Aviation Loan/Finance/Refinanced NordLB

737-700 CFM56 Jan-12 1 ILFC Capital Markets

737-700 CFM56 Jan-12 15 Rostechnologii Group Pre Delivery Payment Bank of Moscow

737-700 CFM56 Feb-12 1 KLM Royal Dutch Airlines Tax Lease BBAM Nomura Babcock & Brown

737-700 CFM56 Feb-12 1 KLM Royal Dutch Airlines Tax Lease BBAM | DVB Bank Nomura Babcock & Brown

737-700 CFM56 Feb-12 1 Southwest Airlines Loan/Finance/Refinanced CIC Bank| Credit Agricole Corporate and Investment Bank

737-700 CFM56 Mar-12 1 Purchase - Lease Attached BBAM CIT Aerospace

737-700 CFM56 Mar-12 2 BOC Aviation Loan/Finance/Refinanced Development Bank of Japan

737-700 CFM56 Mar-12 1 China Southern Airlines Loan/Finance/Refinanced Bank of China

737-700 CFM56 Apr-12 1 AWAS Loan/Finance/Refinanced Goldman Sachs & Co

737-700 CFM56 Apr-12 1 BOC Aviation Loan/Finance/Refinanced DVB Bank

737-700 CFM56 Apr-12 1 ILFC Capital Markets

737-700 CFM56 May-12 3 Operating Lease - Sale and Lease Back Citicorp North America Alaska Airlines

737-700 CFM56 Jun-12 1 Purchase - Lease Attached Banc of America Leasing & Capital GECAS

737-700 CFM56 Jun-12 1 Purchase - Lease Attached MD Aviation Capital FLY Leasing

737-700 CFM56 Jun-12 2 Volito Aviation Services Loan/Finance/Refinanced GE Japan

737-700 CFM56 Sep-12 2 Purchase Magellan Group Bavaria Intl Aircraft Leasing & Co

737-700 CFM56 Oct-12 2 Purchase Air Do All Nippon Airways

737-700 CFM56 Oct-12 1 Purchase Intertrade PALS 1999-1 ABS Portfolio

737-700 CFM56 Oct-12 2 Purchase - Lease Attached Virgo Guggenheim Aviation Partners

737-700 CFM56 Oct-12 2 China Eastern Airlines Loan/Finance/Refinanced China Development Bank

737-700 CFM56 Oct-12 2 Virgo Loan/Finance/Refinanced DVB Bank

737-700 CFM56 Nov-12 2 Purchase GA Innovation China Apollo Aviation Group

737-700 CFM56 Nov-12 1 Purchase - Lease Attached Undisclosed Bank / Broker / Lessor Q Aviation

737-700 CFM56 Nov-12 1 Purchase - Lease Attached BOC Aviation Continuity Air Finance VII

737-700 CFM56 Nov-12 1 Purchase - Lease Attached BOC Aviation Continuity Air Finance VII

737-700 CFM56 Dec-12 2 DAE Capital Loan/Finance/Refinanced DVB Bank| PK AirFinance

737-700 CFM56 Dec-12 20 GECAS Capital Markets

737-800 CFM56 Jan-12 1 Operating Lease - Sale and Lease Back Avolon Aerospace Leasing Ryanair

737-800 CFM56 Jan-12 3 Operating Lease - Sale and Lease Back China Aircraft Leasing Shandong Airlines

737-800 CFM56 Jan-12 5 Operating Lease - Sale and Lease Back MC Aviation Partners/Mitsubishi Corporation Jet Airways

737-800 CFM56 Jan-12 1 Purchase VEB-Leasing Aircraft Leasing & Management

737-800 CFM56 Jan-12 1 Purchase - Lease Attached Grus Liability Sumisho Aircraft Asset Management

737-800 CFM56 Jan-12 1 Purchase - Lease Attached Undisclosed Bank / Broker / Lessor Volito Aviation Services

737-800 CFM56 Jan-12 1 AWAS Loan/Finance/Refinanced Helaba Landesbank Hessen Thuringen

Page 39: Aircraft finance report 2013

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aircrafT finance deals announced in 2012

aircraft model engine type Month Number of aircraft

customer Deal structure arrangers Debt provider equity providers buyer Seller

737-500 CFM56 Apr-12 1 ILFC Capital Markets

737-500 CFM56 May-12 1 Purchase ARC Avionics Corp CIT Aerospace

737-500 CFM56 May-12 1 Purchase BLF United Airlines

737-500 CFM56 May-12 2 Purchase Universal Asset Management United Airlines

737-500 CFM56 Jun-12 5 Operating Lease - Sale and Lease Back Sberbank Leasing UTair

737-500 CFM56 Jul-12 1 Purchase Marsland Aerovista

737-500 CFM56 Aug-12 1 Purchase All Nippon Airways BBAM

737-500 CFM56 Aug-12 1 Purchase Buraq Air GECAS

737-500 CFM56 Aug-12 1 Purchase European Aviation Jeritt

737-500 CFM56 Aug-12 1 Purchase Marana Aerospace Solutions ARC Avionics

737-500 CFM56 Sep-12 1 Purchase Sibit.1 Sojitz Aircraft Leasing

737-500 CFM56 Oct-12 1 Purchase Aero Capital Solutions Volito Aviation Services

737-500 CFM56 Oct-12 4 Purchase airBaltic Marron Ventures

737-500 CFM56 Oct-12 2 Purchase Jetran International GECAS

737-500 CFM56 Oct-12 2 Jetran International Loan/Finance/Refinanced Grand Bank of Texas

737-500 CFM56 Nov-12 1 Purchase Air North AERCO 2000-1 ABS Portfolio

737-500 CFM56 Dec-12 2 Purchase BLF United Airlines

737-500 CFM56 Dec-12 2 Jetran International Loan/Finance/Refinanced Jione Financial

737-600 CFM56 May-12 1 Purchase AMES-CAMO Austrian

737-600 CFM56 Jun-12 1 Purchase - Lease Attached Apollo Aviation Group First Greenwich Kahala

737-600 CFM56 Aug-12 1 Purchase - Lease Attached Infinity Aviation Capital Lease Corporation International

737-600 CFM56 Dec-12 1 Purchase - Lease Attached Apollo Aviation Group BBAM

737-700 CFM56 Jan-12 1 BOC Aviation Loan/Finance/Refinanced NordLB

737-700 CFM56 Jan-12 1 ILFC Capital Markets

737-700 CFM56 Jan-12 15 Rostechnologii Group Pre Delivery Payment Bank of Moscow

737-700 CFM56 Feb-12 1 KLM Royal Dutch Airlines Tax Lease BBAM Nomura Babcock & Brown

737-700 CFM56 Feb-12 1 KLM Royal Dutch Airlines Tax Lease BBAM | DVB Bank Nomura Babcock & Brown

737-700 CFM56 Feb-12 1 Southwest Airlines Loan/Finance/Refinanced CIC Bank| Credit Agricole Corporate and Investment Bank

737-700 CFM56 Mar-12 1 Purchase - Lease Attached BBAM CIT Aerospace

737-700 CFM56 Mar-12 2 BOC Aviation Loan/Finance/Refinanced Development Bank of Japan

737-700 CFM56 Mar-12 1 China Southern Airlines Loan/Finance/Refinanced Bank of China

737-700 CFM56 Apr-12 1 AWAS Loan/Finance/Refinanced Goldman Sachs & Co

737-700 CFM56 Apr-12 1 BOC Aviation Loan/Finance/Refinanced DVB Bank

737-700 CFM56 Apr-12 1 ILFC Capital Markets

737-700 CFM56 May-12 3 Operating Lease - Sale and Lease Back Citicorp North America Alaska Airlines

737-700 CFM56 Jun-12 1 Purchase - Lease Attached Banc of America Leasing & Capital GECAS

737-700 CFM56 Jun-12 1 Purchase - Lease Attached MD Aviation Capital FLY Leasing

737-700 CFM56 Jun-12 2 Volito Aviation Services Loan/Finance/Refinanced GE Japan

737-700 CFM56 Sep-12 2 Purchase Magellan Group Bavaria Intl Aircraft Leasing & Co

737-700 CFM56 Oct-12 2 Purchase Air Do All Nippon Airways

737-700 CFM56 Oct-12 1 Purchase Intertrade PALS 1999-1 ABS Portfolio

737-700 CFM56 Oct-12 2 Purchase - Lease Attached Virgo Guggenheim Aviation Partners

737-700 CFM56 Oct-12 2 China Eastern Airlines Loan/Finance/Refinanced China Development Bank

737-700 CFM56 Oct-12 2 Virgo Loan/Finance/Refinanced DVB Bank

737-700 CFM56 Nov-12 2 Purchase GA Innovation China Apollo Aviation Group

737-700 CFM56 Nov-12 1 Purchase - Lease Attached Undisclosed Bank / Broker / Lessor Q Aviation

737-700 CFM56 Nov-12 1 Purchase - Lease Attached BOC Aviation Continuity Air Finance VII

737-700 CFM56 Nov-12 1 Purchase - Lease Attached BOC Aviation Continuity Air Finance VII

737-700 CFM56 Dec-12 2 DAE Capital Loan/Finance/Refinanced DVB Bank| PK AirFinance

737-700 CFM56 Dec-12 20 GECAS Capital Markets

737-800 CFM56 Jan-12 1 Operating Lease - Sale and Lease Back Avolon Aerospace Leasing Ryanair

737-800 CFM56 Jan-12 3 Operating Lease - Sale and Lease Back China Aircraft Leasing Shandong Airlines

737-800 CFM56 Jan-12 5 Operating Lease - Sale and Lease Back MC Aviation Partners/Mitsubishi Corporation Jet Airways

737-800 CFM56 Jan-12 1 Purchase VEB-Leasing Aircraft Leasing & Management

737-800 CFM56 Jan-12 1 Purchase - Lease Attached Grus Liability Sumisho Aircraft Asset Management

737-800 CFM56 Jan-12 1 Purchase - Lease Attached Undisclosed Bank / Broker / Lessor Volito Aviation Services

737-800 CFM56 Jan-12 1 AWAS Loan/Finance/Refinanced Helaba Landesbank Hessen Thuringen

Source: Aviation Exchange (www.ascendworldwide.com/aviationexchange)

Page 40: Aircraft finance report 2013

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aircrafT finance deals announced in 2012

aircraft model engine type Month Number of aircraft

customer Deal structure arrangers Debt provider equity providers buyer Seller

737-800 CFM56 Jan-12 2 China Aircraft Leasing ECA / EXIM China Exim Bank

737-800 CFM56 Jan-12 3 Hainan Airlines Loan/Finance/Refinanced China Development Bank

737-800 CFM56 Jan-12 3 Korean Air Finance Lease Deutsche Bank AG| Korea Development Bank| CIC Bank Korea Development Bank| Deutsche Bank AG| CIC Bank

737-800 CFM56 Jan-12 1 Lion Air ECA / EXIM Northern Sky Investments 1F

737-800 CFM56 Jan-12 2 Pegasus Airlines ECA / EXIM JP Morgan Chase Bank JP Morgan Chase Bank

737-800 CFM56 Jan-12 25 Rostechnologii Group Pre Delivery Payment Bank of Moscow

737-800 CFM56 Jan-12 1 Shenzhen Airlines Loan/Finance/Refinanced Bank of China

737-800 CFM56 Jan-12 2 WestJet ECA / EXIM TD Bank

737-800 CFM56 Feb-12 1 Operating Lease - Sale and Lease Back AWAS GOL Linhas Aereas Inteligentes

737-800 CFM56 Feb-12 1 Operating Lease - Sale and Lease Back BBAM TUI Aviation

737-800 CFM56 Feb-12 1 Operating Lease - Sale and Lease Back GECAS American Airlines

737-800 CFM56 Feb-12 1 Operating Lease - Sale and Lease Back MC Aviation Partners/Mitsubishi Corporation SpiceJet

737-800 CFM56 Feb-12 1 Purchase SpiceJet Air Berlin

737-800 CFM56 Feb-12 5 Purchase - Lease Attached AWAS GECAS

737-800 CFM56 Feb-12 2 Purchase - Lease Attached Santos Dumont Aircraft Management RBS Aviation Capital

737-800 CFM56 Feb-12 4 Avolon Aerospace Leasing ECA / EXIM TD Bank

737-800 CFM56 Feb-12 5 AWAS Loan/Finance/Refinanced NordLB| Wells Fargo Bank

737-800 CFM56 Feb-12 3 China Southern Airlines Loan/Finance/Refinanced Bank of China

737-800 CFM56 Mar-12 2 Operating Lease - Sale and Lease Back Goiania Comercio E Servicos Internacionais Lda Aerosvit Airlines

737-800 CFM56 Mar-12 2 Operating Lease - Sale and Lease Back Jackson Square Aviation Virgin Australia

737-800 CFM56 Mar-12 1 Purchase - Lease Attached Aircastle Advisor GECAS

737-800 CFM56 Mar-12 1 Purchase - Lease Attached CIAF-Leasing ACAP 2005-3 ABS Portfolio

737-800 CFM56 Mar-12 1 Purchase - Lease Attached Mitsubishi UFJ Lease & Finance RBS Aviation Capital

737-800 CFM56 Mar-12 1 Air China Loan/Finance/Refinanced Bank of China

737-800 CFM56 Mar-12 1 China Southern Airlines Loan/Finance/Refinanced Bank of China

737-800 CFM56 Mar-12 1 CIAF-Leasing Loan/Finance/Refinanced DVB Bank

737-800 CFM56 Mar-12 1 Qantas Tax Lease Credit Agricole Corporate and Investment Bank Credit Agricole Corporate and Investment Bank

737-800 CFM56 Mar-12 2 Royal Air Maroc ECA / EXIM Sumitomo Mitsui Banking (SMBC)

737-800 CFM56 Mar-12 2 Ryanair Tax Lease BBAM | DVB Bank Nomura Babcock & Brown

737-800 CFM56 Mar-12 1 Shenzhen Airlines Loan/Finance/Refinanced Bank of China

737-800 CFM56 Mar-12 3 Shenzhen Airlines Loan/Finance/Refinanced Industrial and Commercial Bank of China (ICBC)

737-800 CFM56 Mar-12 1 United Airlines Loan/Finance/Refinanced Undisclosed Bank / Broker / Lessor

737-800 CFM56 Apr-12 1 Operating Lease - Sale and Lease Back MC Aviation Partners/Mitsubishi Corporation SpiceJet

737-800 CFM56 Apr-12 1 Purchase SpiceJet Air Berlin

737-800 CFM56 Apr-12 1 Purchase - Lease Attached ORIX Aviation RBS Aviation Capital

737-800 CFM56 Apr-12 2 Hainan Airlines ECA / EXIM China Exim Bank

737-800 CFM56 Apr-12 3 ILFC Capital Markets

737-800 CFM56 Apr-12 7 ILFC Loan/Finance/Refinanced DVB Bank

737-800 CFM56 May-12 2 Operating Lease - Sale and Lease Back Avolon Aerospace Leasing Jet Airways

737-800 CFM56 May-12 1 Operating Lease - Sale and Lease Back GECAS Lion Air

737-800 CFM56 May-12 2 Operating Lease - Sale and Lease Back Pembroke Group FlyDubai

737-800 CFM56 May-12 1 Purchase VTB-Leasing BBAM

737-800 CFM56 May-12 2 Purchase - Lease Attached ICBC Leasing RBS Aviation Capital

737-800 CFM56 May-12 1 Purchase - Lease Attached ORIX Aviation Aviation Capital Group

737-800 CFM56 May-12 1 Purchase - Lease Attached ORIX Aviation SMBC Aviation Capital

737-800 CFM56 May-12 3 Aeromexico ECA / EXIM HSBC Bank Citibank| HSBC Bank | Banco Nacional de Mexico

737-800 CFM56 May-12 3 Aviation Capital Group Capital Markets

737-800 CFM56 May-12 1 Aviation Capital Group ECA / EXIM Mitsubishi UFJ Financial Group

737-800 CFM56 May-12 2 Avolon Aerospace Leasing Loan/Finance/Refinanced DVB Bank

737-800 CFM56 May-12 2 CDB Leasing Loan/Finance/Refinanced Shanghai Pudong Development Bank

737-800 CFM56 May-12 2 China Southern Airlines Tax Lease BBAM Nomura Babcock & Brown

737-800 CFM56 May-12 1 China Southern Airlines Tax Lease BBAM DBS Bank Nomura Babcock & Brown

737-800 CFM56 May-12 1 CIT Aerospace ECA / EXIM PEFCO

737-800 CFM56 May-12 1 Jackson Square Aviation Loan/Finance/Refinanced KfW IPEX-Bank|Credit Agricole Corporate and Investment Bank|BNP Paribas

737-800 CFM56 May-12 1 Shandong Airlines Loan/Finance/Refinanced Industrial and Commercial Bank of China (ICBC)

737-800 CFM56 May-12 1 Titan Aviation Leasing Loan/Finance/Refinanced Helaba Landesbank Hessen Thuringen

737-800 CFM56 May-12 2 Turkish Airlines Tax Lease DVB Bank

Page 41: Aircraft finance report 2013

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aircrafT finance deals announced in 2012

aircraft model engine type Month Number of aircraft

customer Deal structure arrangers Debt provider equity providers buyer Seller

737-800 CFM56 Jan-12 2 China Aircraft Leasing ECA / EXIM China Exim Bank

737-800 CFM56 Jan-12 3 Hainan Airlines Loan/Finance/Refinanced China Development Bank

737-800 CFM56 Jan-12 3 Korean Air Finance Lease Deutsche Bank AG| Korea Development Bank| CIC Bank Korea Development Bank| Deutsche Bank AG| CIC Bank

737-800 CFM56 Jan-12 1 Lion Air ECA / EXIM Northern Sky Investments 1F

737-800 CFM56 Jan-12 2 Pegasus Airlines ECA / EXIM JP Morgan Chase Bank JP Morgan Chase Bank

737-800 CFM56 Jan-12 25 Rostechnologii Group Pre Delivery Payment Bank of Moscow

737-800 CFM56 Jan-12 1 Shenzhen Airlines Loan/Finance/Refinanced Bank of China

737-800 CFM56 Jan-12 2 WestJet ECA / EXIM TD Bank

737-800 CFM56 Feb-12 1 Operating Lease - Sale and Lease Back AWAS GOL Linhas Aereas Inteligentes

737-800 CFM56 Feb-12 1 Operating Lease - Sale and Lease Back BBAM TUI Aviation

737-800 CFM56 Feb-12 1 Operating Lease - Sale and Lease Back GECAS American Airlines

737-800 CFM56 Feb-12 1 Operating Lease - Sale and Lease Back MC Aviation Partners/Mitsubishi Corporation SpiceJet

737-800 CFM56 Feb-12 1 Purchase SpiceJet Air Berlin

737-800 CFM56 Feb-12 5 Purchase - Lease Attached AWAS GECAS

737-800 CFM56 Feb-12 2 Purchase - Lease Attached Santos Dumont Aircraft Management RBS Aviation Capital

737-800 CFM56 Feb-12 4 Avolon Aerospace Leasing ECA / EXIM TD Bank

737-800 CFM56 Feb-12 5 AWAS Loan/Finance/Refinanced NordLB| Wells Fargo Bank

737-800 CFM56 Feb-12 3 China Southern Airlines Loan/Finance/Refinanced Bank of China

737-800 CFM56 Mar-12 2 Operating Lease - Sale and Lease Back Goiania Comercio E Servicos Internacionais Lda Aerosvit Airlines

737-800 CFM56 Mar-12 2 Operating Lease - Sale and Lease Back Jackson Square Aviation Virgin Australia

737-800 CFM56 Mar-12 1 Purchase - Lease Attached Aircastle Advisor GECAS

737-800 CFM56 Mar-12 1 Purchase - Lease Attached CIAF-Leasing ACAP 2005-3 ABS Portfolio

737-800 CFM56 Mar-12 1 Purchase - Lease Attached Mitsubishi UFJ Lease & Finance RBS Aviation Capital

737-800 CFM56 Mar-12 1 Air China Loan/Finance/Refinanced Bank of China

737-800 CFM56 Mar-12 1 China Southern Airlines Loan/Finance/Refinanced Bank of China

737-800 CFM56 Mar-12 1 CIAF-Leasing Loan/Finance/Refinanced DVB Bank

737-800 CFM56 Mar-12 1 Qantas Tax Lease Credit Agricole Corporate and Investment Bank Credit Agricole Corporate and Investment Bank

737-800 CFM56 Mar-12 2 Royal Air Maroc ECA / EXIM Sumitomo Mitsui Banking (SMBC)

737-800 CFM56 Mar-12 2 Ryanair Tax Lease BBAM | DVB Bank Nomura Babcock & Brown

737-800 CFM56 Mar-12 1 Shenzhen Airlines Loan/Finance/Refinanced Bank of China

737-800 CFM56 Mar-12 3 Shenzhen Airlines Loan/Finance/Refinanced Industrial and Commercial Bank of China (ICBC)

737-800 CFM56 Mar-12 1 United Airlines Loan/Finance/Refinanced Undisclosed Bank / Broker / Lessor

737-800 CFM56 Apr-12 1 Operating Lease - Sale and Lease Back MC Aviation Partners/Mitsubishi Corporation SpiceJet

737-800 CFM56 Apr-12 1 Purchase SpiceJet Air Berlin

737-800 CFM56 Apr-12 1 Purchase - Lease Attached ORIX Aviation RBS Aviation Capital

737-800 CFM56 Apr-12 2 Hainan Airlines ECA / EXIM China Exim Bank

737-800 CFM56 Apr-12 3 ILFC Capital Markets

737-800 CFM56 Apr-12 7 ILFC Loan/Finance/Refinanced DVB Bank

737-800 CFM56 May-12 2 Operating Lease - Sale and Lease Back Avolon Aerospace Leasing Jet Airways

737-800 CFM56 May-12 1 Operating Lease - Sale and Lease Back GECAS Lion Air

737-800 CFM56 May-12 2 Operating Lease - Sale and Lease Back Pembroke Group FlyDubai

737-800 CFM56 May-12 1 Purchase VTB-Leasing BBAM

737-800 CFM56 May-12 2 Purchase - Lease Attached ICBC Leasing RBS Aviation Capital

737-800 CFM56 May-12 1 Purchase - Lease Attached ORIX Aviation Aviation Capital Group

737-800 CFM56 May-12 1 Purchase - Lease Attached ORIX Aviation SMBC Aviation Capital

737-800 CFM56 May-12 3 Aeromexico ECA / EXIM HSBC Bank Citibank| HSBC Bank | Banco Nacional de Mexico

737-800 CFM56 May-12 3 Aviation Capital Group Capital Markets

737-800 CFM56 May-12 1 Aviation Capital Group ECA / EXIM Mitsubishi UFJ Financial Group

737-800 CFM56 May-12 2 Avolon Aerospace Leasing Loan/Finance/Refinanced DVB Bank

737-800 CFM56 May-12 2 CDB Leasing Loan/Finance/Refinanced Shanghai Pudong Development Bank

737-800 CFM56 May-12 2 China Southern Airlines Tax Lease BBAM Nomura Babcock & Brown

737-800 CFM56 May-12 1 China Southern Airlines Tax Lease BBAM DBS Bank Nomura Babcock & Brown

737-800 CFM56 May-12 1 CIT Aerospace ECA / EXIM PEFCO

737-800 CFM56 May-12 1 Jackson Square Aviation Loan/Finance/Refinanced KfW IPEX-Bank|Credit Agricole Corporate and Investment Bank|BNP Paribas

737-800 CFM56 May-12 1 Shandong Airlines Loan/Finance/Refinanced Industrial and Commercial Bank of China (ICBC)

737-800 CFM56 May-12 1 Titan Aviation Leasing Loan/Finance/Refinanced Helaba Landesbank Hessen Thuringen

737-800 CFM56 May-12 2 Turkish Airlines Tax Lease DVB Bank

Source: Aviation Exchange (www.ascendworldwide.com/aviationexchange)

Page 42: Aircraft finance report 2013

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aircrafT finance deals announced in 2012

aircraft model engine type Month Number of aircraft

customer Deal structure arrangers Debt provider equity providers buyer Seller

737-800 CFM56 Jun-12 2 Operating Lease - Sale and Lease Back CDB Leasing Lion Air

737-800 CFM56 Jun-12 1 Operating Lease - Sale and Lease Back GECAS Lion Air

737-800 CFM56 Jun-12 2 Operating Lease - Sale and Lease Back Jackson Square Aviation Air Berlin

737-800 CFM56 Jun-12 1 Purchase Blade Leasing Mitsui Bussan Aerospace

737-800 CFM56 Jun-12 2 Purchase Orenair Air Berlin

737-800 CFM56 Jun-12 2 Purchase - Lease Attached Aircastle Advisor CIT Aerospace

737-800 CFM56 Jun-12 1 Purchase - Lease Attached Aircastle Advisor Santos Dumont Aircraft Management

737-800 CFM56 Jun-12 1 Purchase - Lease Attached ORIX Aviation SMBC Aviation Capital

737-800 CFM56 Jun-12 1 Purchase - Lease Attached Santos Dumont Aircraft Management DEFAG Leasing

737-800 CFM56 Jun-12 1 AWAS Capital Markets

737-800 CFM56 Jun-12 3 AWAS ECA / EXIM Natixis PEFCO

737-800 CFM56 Jun-12 1 China Aircraft Leasing ECA / EXIM China Exim Bank

737-800 CFM56 Jun-12 2 China Southern Airlines Tax Lease Commerzbank Yamasa Co

737-800 CFM56 Jun-12 2 Comair (South Africa) ECA / EXIM PEFCO

737-800 CFM56 Jun-12 2 Investec Global Aircraft Fund Loan/Finance/Refinanced DVB Bank| Investec Bank

737-800 CFM56 Jun-12 1 Jackson Square Aviation Loan/Finance/Refinanced DVB Bank

737-800 CFM56 Jun-12 4 UTair ECA / EXIM PEFCO

737-800 CFM56 Jun-12 2 Virgin Australia Loan/Finance/Refinanced Credit Agricole Corporate and Investment Bank

737-800 CFM56 Jun-12 2 Volito Aviation Services Loan/Finance/Refinanced GE Japan

737-800 CFM56 Jul-12 1 Aviation Capital Group ECA / EXIM Mitsubishi UFJ Financial Group

737-800 CFM56 Jul-12 1 Operating Lease - Sale and Lease Back CIT Aerospace GOL Linhas Aereas Inteligentes

737-800 CFM56 Jul-12 2 Operating Lease - Sale and Lease Back GECAS Air Berlin

737-800 CFM56 Jul-12 3 Operating Lease - Sale and Lease Back Pembroke Group Malaysia Airlines

737-800 CFM56 Jul-12 1 Purchase Hainan Airlines ICBC Leasing

737-800 CFM56 Jul-12 2 GECAS Loan/Finance/Refinanced DVB Bank| Dubai Islamic Bank

737-800 CFM56 Jul-12 1 Hainan Airlines Loan/Finance/Refinanced China Exim Bank

737-800 CFM56 Jul-12 7 Ryanair Capital Markets

737-800 CFM56 Aug-12 1 Aviation Capital Group ECA / EXIM Mitsubishi UFJ Financial Group

737-800 CFM56 Aug-12 4 Operating Lease - Sale and Lease Back Aircastle Advisor Jet Airways

737-800 CFM56 Aug-12 2 Purchase - Lease Attached FLY Leasing BBAM

737-800 CFM56 Aug-12 2 AerCap Loan/Finance/Refinanced UBS

737-800 CFM56 Aug-12 3 ASL Aviation Group Loan/Finance/Refinanced FirstRand Bank

737-800 CFM56 Aug-12 2 Hainan Airlines ECA / EXIM China Exim Bank

737-800 CFM56 Aug-12 1 Hainan Airlines Loan/Finance/Refinanced China Exim Bank

737-800 CFM56 Aug-12 3 Shenzhen Airlines Loan/Finance/Refinanced China Everbright Bank

737-800 CFM56 Sep-12 5 Operating Lease - Sale and Lease Back Avolon Aerospace Leasing American Airlines

737-800 CFM56 Sep-12 2 Operating Lease - Sale and Lease Back CCB Financial Leasing Corporation Shenzhen Airlines

737-800 CFM56 Sep-12 5 Operating Lease - Sale and Lease Back GECAS Lion Air

737-800 CFM56 Sep-12 1 Purchase Hebei Airlines Xiamen Airlines

737-800 CFM56 Sep-12 2 Purchase - Lease Attached BoCom Leasing GECAS

737-800 CFM56 Sep-12 1 Purchase - Lease Attached Orix Avolon Aerospace Leasing

737-800 CFM56 Sep-12 1 Air China Loan/Finance/Refinanced Bank of China

737-800 CFM56 Sep-12 1 AWAS ECA / EXIM PEFCO

737-800 CFM56 Sep-12 2 AWAS Loan/Finance/Refinanced JP Morgan Chase Bank

737-800 CFM56 Sep-12 2 BoCom Leasing Loan/Finance/Refinanced Bank of China

737-800 CFM56 Sep-12 3 CDB Leasing Tax Lease Deutsche Bank AG| CIC Bank Deutsche Bank AG

737-800 CFM56 Sep-12 3 FlyDubai ECA / EXIM PEFCO

737-800 CFM56 Oct-12 1 Aviation Capital Group ECA / EXIM Mitsubishi UFJ Financial Group

737-800 CFM56 Oct-12 1 Operating Lease - Sale and Lease Back GECAS Air Berlin

737-800 CFM56 Oct-12 4 Operating Lease - Sale and Lease Back GECAS GOL Linhas Aereas Inteligentes

737-800 CFM56 Oct-12 3 Operating Lease - Sale and Lease Back Macquarie AirFinance Austrian

737-800 CFM56 Oct-12 6 Operating Lease - Sale and Lease Back Sojitz Aircraft Leasing Transavia Airlines

737-800 CFM56 Oct-12 1 Purchase - Lease Attached AWAS CIT Aerospace

737-800 CFM56 Oct-12 1 Purchase - Lease Attached Chishima Real Estate ORIX Aviation

737-800 CFM56 Oct-12 5 AerCap Loan/Finance/Refinanced Commonwealth Bank of Australia|NordLB|DVB Bank|Landesbank Hessen Thuringen Gironzentrale

737-800 CFM56 Oct-12 8 American Airlines Loan/Finance/Refinanced DVB Bank RPK Capital Management Group

737-800 CFM56 Oct-12 1 AWAS Loan/Finance/Refinanced DVB Bank

Page 43: Aircraft finance report 2013

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aircrafT finance deals announced in 2012

aircraft model engine type Month Number of aircraft

customer Deal structure arrangers Debt provider equity providers buyer Seller

737-800 CFM56 Jun-12 2 Operating Lease - Sale and Lease Back CDB Leasing Lion Air

737-800 CFM56 Jun-12 1 Operating Lease - Sale and Lease Back GECAS Lion Air

737-800 CFM56 Jun-12 2 Operating Lease - Sale and Lease Back Jackson Square Aviation Air Berlin

737-800 CFM56 Jun-12 1 Purchase Blade Leasing Mitsui Bussan Aerospace

737-800 CFM56 Jun-12 2 Purchase Orenair Air Berlin

737-800 CFM56 Jun-12 2 Purchase - Lease Attached Aircastle Advisor CIT Aerospace

737-800 CFM56 Jun-12 1 Purchase - Lease Attached Aircastle Advisor Santos Dumont Aircraft Management

737-800 CFM56 Jun-12 1 Purchase - Lease Attached ORIX Aviation SMBC Aviation Capital

737-800 CFM56 Jun-12 1 Purchase - Lease Attached Santos Dumont Aircraft Management DEFAG Leasing

737-800 CFM56 Jun-12 1 AWAS Capital Markets

737-800 CFM56 Jun-12 3 AWAS ECA / EXIM Natixis PEFCO

737-800 CFM56 Jun-12 1 China Aircraft Leasing ECA / EXIM China Exim Bank

737-800 CFM56 Jun-12 2 China Southern Airlines Tax Lease Commerzbank Yamasa Co

737-800 CFM56 Jun-12 2 Comair (South Africa) ECA / EXIM PEFCO

737-800 CFM56 Jun-12 2 Investec Global Aircraft Fund Loan/Finance/Refinanced DVB Bank| Investec Bank

737-800 CFM56 Jun-12 1 Jackson Square Aviation Loan/Finance/Refinanced DVB Bank

737-800 CFM56 Jun-12 4 UTair ECA / EXIM PEFCO

737-800 CFM56 Jun-12 2 Virgin Australia Loan/Finance/Refinanced Credit Agricole Corporate and Investment Bank

737-800 CFM56 Jun-12 2 Volito Aviation Services Loan/Finance/Refinanced GE Japan

737-800 CFM56 Jul-12 1 Aviation Capital Group ECA / EXIM Mitsubishi UFJ Financial Group

737-800 CFM56 Jul-12 1 Operating Lease - Sale and Lease Back CIT Aerospace GOL Linhas Aereas Inteligentes

737-800 CFM56 Jul-12 2 Operating Lease - Sale and Lease Back GECAS Air Berlin

737-800 CFM56 Jul-12 3 Operating Lease - Sale and Lease Back Pembroke Group Malaysia Airlines

737-800 CFM56 Jul-12 1 Purchase Hainan Airlines ICBC Leasing

737-800 CFM56 Jul-12 2 GECAS Loan/Finance/Refinanced DVB Bank| Dubai Islamic Bank

737-800 CFM56 Jul-12 1 Hainan Airlines Loan/Finance/Refinanced China Exim Bank

737-800 CFM56 Jul-12 7 Ryanair Capital Markets

737-800 CFM56 Aug-12 1 Aviation Capital Group ECA / EXIM Mitsubishi UFJ Financial Group

737-800 CFM56 Aug-12 4 Operating Lease - Sale and Lease Back Aircastle Advisor Jet Airways

737-800 CFM56 Aug-12 2 Purchase - Lease Attached FLY Leasing BBAM

737-800 CFM56 Aug-12 2 AerCap Loan/Finance/Refinanced UBS

737-800 CFM56 Aug-12 3 ASL Aviation Group Loan/Finance/Refinanced FirstRand Bank

737-800 CFM56 Aug-12 2 Hainan Airlines ECA / EXIM China Exim Bank

737-800 CFM56 Aug-12 1 Hainan Airlines Loan/Finance/Refinanced China Exim Bank

737-800 CFM56 Aug-12 3 Shenzhen Airlines Loan/Finance/Refinanced China Everbright Bank

737-800 CFM56 Sep-12 5 Operating Lease - Sale and Lease Back Avolon Aerospace Leasing American Airlines

737-800 CFM56 Sep-12 2 Operating Lease - Sale and Lease Back CCB Financial Leasing Corporation Shenzhen Airlines

737-800 CFM56 Sep-12 5 Operating Lease - Sale and Lease Back GECAS Lion Air

737-800 CFM56 Sep-12 1 Purchase Hebei Airlines Xiamen Airlines

737-800 CFM56 Sep-12 2 Purchase - Lease Attached BoCom Leasing GECAS

737-800 CFM56 Sep-12 1 Purchase - Lease Attached Orix Avolon Aerospace Leasing

737-800 CFM56 Sep-12 1 Air China Loan/Finance/Refinanced Bank of China

737-800 CFM56 Sep-12 1 AWAS ECA / EXIM PEFCO

737-800 CFM56 Sep-12 2 AWAS Loan/Finance/Refinanced JP Morgan Chase Bank

737-800 CFM56 Sep-12 2 BoCom Leasing Loan/Finance/Refinanced Bank of China

737-800 CFM56 Sep-12 3 CDB Leasing Tax Lease Deutsche Bank AG| CIC Bank Deutsche Bank AG

737-800 CFM56 Sep-12 3 FlyDubai ECA / EXIM PEFCO

737-800 CFM56 Oct-12 1 Aviation Capital Group ECA / EXIM Mitsubishi UFJ Financial Group

737-800 CFM56 Oct-12 1 Operating Lease - Sale and Lease Back GECAS Air Berlin

737-800 CFM56 Oct-12 4 Operating Lease - Sale and Lease Back GECAS GOL Linhas Aereas Inteligentes

737-800 CFM56 Oct-12 3 Operating Lease - Sale and Lease Back Macquarie AirFinance Austrian

737-800 CFM56 Oct-12 6 Operating Lease - Sale and Lease Back Sojitz Aircraft Leasing Transavia Airlines

737-800 CFM56 Oct-12 1 Purchase - Lease Attached AWAS CIT Aerospace

737-800 CFM56 Oct-12 1 Purchase - Lease Attached Chishima Real Estate ORIX Aviation

737-800 CFM56 Oct-12 5 AerCap Loan/Finance/Refinanced Commonwealth Bank of Australia|NordLB|DVB Bank|Landesbank Hessen Thuringen Gironzentrale

737-800 CFM56 Oct-12 8 American Airlines Loan/Finance/Refinanced DVB Bank RPK Capital Management Group

737-800 CFM56 Oct-12 1 AWAS Loan/Finance/Refinanced DVB Bank

Source: Aviation Exchange

Page 44: Aircraft finance report 2013

AircrAft finAnce 2013

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aircrafT finance deals announced in 2012

aircraft model engine type Month Number of aircraft

customer Deal structure arrangers Debt provider equity providers buyer Seller

737-800 CFM56 Oct-12 1 China Eastern Airlines Loan/Finance/Refinanced China Development Bank

737-800 CFM56 Oct-12 1 KLM Royal Dutch Airlines Tax Lease BNP Paribas| DBS Bank

737-800 CFM56 Oct-12 1 KLM Royal Dutch Airlines Tax Lease Credit Agricole Corporate and Investment Bank BOT Lease

737-800 CFM56 Oct-12 1 KLM Royal Dutch Airlines Tax Lease Credit Agricole Corporate and Investment Bank|Korea Development Bank Credit Agricole Corporate and Investment Bank| Korea Development Bank

737-800 CFM56 Oct-12 1 United Airlines Loan/Finance/Refinanced Undisclosed Bank / Broker / Lessor

737-800 CFM56 Nov-12 1 Aviation Capital Group ECA / EXIM Mitsubishi UFJ Financial Group

737-800 CFM56 Nov-12 8 Operating Lease - Sale and Lease Back BOC Aviation GOL Linhas Aereas Inteligentes

737-800 CFM56 Nov-12 6 Operating Lease - Sale and Lease Back BOC Aviation Lion Air

737-800 CFM56 Nov-12 2 Operating Lease - Sale and Lease Back SMBC Aviation Capital GOL Linhas Aereas Inteligentes

737-800 CFM56 Nov-12 1 Purchase Killick Aerospace Austrian

737-800 CFM56 Nov-12 1 Purchase ST Aerospace Engines Jet Airways

737-800 CFM56 Nov-12 1 Purchase - Lease Attached AWAS Undisclosed Bank / Broker / Lessor

737-800 CFM56 Nov-12 1 Purchase - Lease Attached ORIX Aviation AWAS

737-800 CFM56 Nov-12 1 Operating Lease - Sale and Lease Back BoCom Leasing Hainan Airlines

737-800 CFM56 Nov-12 2 AWAS Loan/Finance/Refinanced DVB Bank DVB Bank

737-800 CFM56 Nov-12 4 Shandong Airlines Loan/Finance/Refinanced China Development Bank

737-800 CFM56 Nov-12 2 TUI Aviation Tax Lease BBAM | Natixis Nomura Babcock & Brown

737-800 CFM56 Dec-12 1 Aviation Capital Group ECA / EXIM Mitsubishi UFJ Financial Group

737-800 CFM56 Dec-12 4 Operating Lease - Sale and Lease Back Avolon Aerospace Leasing Ryanair

737-800 CFM56 Dec-12 1 Operating Lease - Sale and Lease Back AWAS Air Berlin

737-800 CFM56 Dec-12 3 Operating Lease - Sale and Lease Back AWAS KLM Royal Dutch Airlines

737-800 CFM56 Dec-12 3 Operating Lease - Sale and Lease Back Hong Kong Aviation Capital Hainan Airlines

737-800 CFM56 Dec-12 1 Purchase Hebei Airlines Hainan Airlines

737-800 CFM56 Dec-12 4 Purchase Japan Airlines GECAS

737-800 CFM56 Dec-12 1 Purchase Killick Aerospace Austrian

737-800 CFM56 Dec-12 1 Purchase - Lease Attached AWAS BBAM

737-800 CFM56 Dec-12 1 Purchase - Lease Attached AWAS CIT Aerospace

737-800 CFM56 Dec-12 1 Purchase - Lease Attached AWAS Undisclosed Bank / Broker / Lessor

737-800 CFM56 Dec-12 1 Purchase - Lease Attached ICBC Leasing SMBC Aviation Capital

737-800 CFM56 Dec-12 2 Purchase - Lease Attached Investec Aircraft Syndicate GECAS

737-800 CFM56 Dec-12 1 Purchase - Lease Attached Pembroke Group SMBC Aviation Capital

737-800 CFM56 Dec-12 10 AerCap Pre Delivery Payment DBS Bank

737-800 CFM56 Dec-12 2 Avolon Aerospace Leasing Loan/Finance/Refinanced Commonwealth Bank of Australia

737-800 CFM56 Dec-12 1 Avolon Aerospace Leasing Loan/Finance/Refinanced Deutsche Bank|BNP Paribas|Credit Agricole Corporate and Investment Bank|UBS|KfW IPEX-Bank

737-800 CFM56 Dec-12 3 AWAS Loan/Finance/Refinanced DVB Bank

737-800 CFM56 Dec-12 5 AWAS Pre Delivery Payment Credit Agricole Corporate and Investment Bank

737-800 CFM56 Dec-12 2 DAE Capital Loan/Finance/Refinanced DVB Bank| PK AirFinance

737-800 CFM56 Dec-12 10 GECAS Capital Markets

737-800 CFM56 Dec-12 3 Hainan Airlines Pre Delivery Payment Hong Kong Aviation Capital

737-800 CFM56 Dec-12 2 Investec Aircraft Syndicate Loan/Finance/Refinanced NordLB

737-800 CFM56 Dec-12 1 Luxair Finance Lease Ellege Lgit

737-800 CFM56 Dec-12 4 Shenzhen Airlines Loan/Finance/Refinanced Bank of China

737-800 CFM56 Dec-12 10 TUI Aviation Pre Delivery Payment DVB Bank

737-800 CFM56 Dec-12 1 Xiamen Airlines Loan/Finance/Refinanced China Development Bank

737-900 CFM56 Jan-12 2 El Al Pre Delivery Payment ING Bank

737-900 CFM56 Jan-12 10 Rostechnologii Group Pre Delivery Payment Bank of Moscow

737-900 CFM56 Jan-12 7 Turkish Airlines ECA / EXIM ING Bank|NordLB ING Bank| NordLB

737-900 CFM56 Feb-12 4 Lion Air Capital Markets

737-900 CFM56 Mar-12 17 Continental Airlines Capital Markets

737-900 CFM56 Jul-12 2 Jackson Square Aviation ECA / EXIM TD Bank

737-900 CFM56 Aug-12 2 Operating Lease - Sale and Lease Back Jackson Square Aviation Lion Air

737-900 CFM56 Sep-12 18 Continental Airlines Capital Markets

737-900 CFM56 Nov-12 3 Operating Lease - Sale and Lease Back BOC Aviation Lion Air

747-400 CF6 Jan-12 2 Purchase Deucalion Aviation Funds Lufthansa

747-400 CF6 Jan-12 6 AerSale Loan/Finance/Refinanced Wells Fargo Bank

747-400 CF6 Jan-12 1 ILFC Capital Markets

747-400 PW4000 Feb-12 1 Purchase Scaled Composites United Airlines

Page 45: Aircraft finance report 2013

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AircrAft finAnce 2013

aircrafT finance deals announced in 2012

aircraft model engine type Month Number of aircraft

customer Deal structure arrangers Debt provider equity providers buyer Seller

737-800 CFM56 Oct-12 1 China Eastern Airlines Loan/Finance/Refinanced China Development Bank

737-800 CFM56 Oct-12 1 KLM Royal Dutch Airlines Tax Lease BNP Paribas| DBS Bank

737-800 CFM56 Oct-12 1 KLM Royal Dutch Airlines Tax Lease Credit Agricole Corporate and Investment Bank BOT Lease

737-800 CFM56 Oct-12 1 KLM Royal Dutch Airlines Tax Lease Credit Agricole Corporate and Investment Bank|Korea Development Bank Credit Agricole Corporate and Investment Bank| Korea Development Bank

737-800 CFM56 Oct-12 1 United Airlines Loan/Finance/Refinanced Undisclosed Bank / Broker / Lessor

737-800 CFM56 Nov-12 1 Aviation Capital Group ECA / EXIM Mitsubishi UFJ Financial Group

737-800 CFM56 Nov-12 8 Operating Lease - Sale and Lease Back BOC Aviation GOL Linhas Aereas Inteligentes

737-800 CFM56 Nov-12 6 Operating Lease - Sale and Lease Back BOC Aviation Lion Air

737-800 CFM56 Nov-12 2 Operating Lease - Sale and Lease Back SMBC Aviation Capital GOL Linhas Aereas Inteligentes

737-800 CFM56 Nov-12 1 Purchase Killick Aerospace Austrian

737-800 CFM56 Nov-12 1 Purchase ST Aerospace Engines Jet Airways

737-800 CFM56 Nov-12 1 Purchase - Lease Attached AWAS Undisclosed Bank / Broker / Lessor

737-800 CFM56 Nov-12 1 Purchase - Lease Attached ORIX Aviation AWAS

737-800 CFM56 Nov-12 1 Operating Lease - Sale and Lease Back BoCom Leasing Hainan Airlines

737-800 CFM56 Nov-12 2 AWAS Loan/Finance/Refinanced DVB Bank DVB Bank

737-800 CFM56 Nov-12 4 Shandong Airlines Loan/Finance/Refinanced China Development Bank

737-800 CFM56 Nov-12 2 TUI Aviation Tax Lease BBAM | Natixis Nomura Babcock & Brown

737-800 CFM56 Dec-12 1 Aviation Capital Group ECA / EXIM Mitsubishi UFJ Financial Group

737-800 CFM56 Dec-12 4 Operating Lease - Sale and Lease Back Avolon Aerospace Leasing Ryanair

737-800 CFM56 Dec-12 1 Operating Lease - Sale and Lease Back AWAS Air Berlin

737-800 CFM56 Dec-12 3 Operating Lease - Sale and Lease Back AWAS KLM Royal Dutch Airlines

737-800 CFM56 Dec-12 3 Operating Lease - Sale and Lease Back Hong Kong Aviation Capital Hainan Airlines

737-800 CFM56 Dec-12 1 Purchase Hebei Airlines Hainan Airlines

737-800 CFM56 Dec-12 4 Purchase Japan Airlines GECAS

737-800 CFM56 Dec-12 1 Purchase Killick Aerospace Austrian

737-800 CFM56 Dec-12 1 Purchase - Lease Attached AWAS BBAM

737-800 CFM56 Dec-12 1 Purchase - Lease Attached AWAS CIT Aerospace

737-800 CFM56 Dec-12 1 Purchase - Lease Attached AWAS Undisclosed Bank / Broker / Lessor

737-800 CFM56 Dec-12 1 Purchase - Lease Attached ICBC Leasing SMBC Aviation Capital

737-800 CFM56 Dec-12 2 Purchase - Lease Attached Investec Aircraft Syndicate GECAS

737-800 CFM56 Dec-12 1 Purchase - Lease Attached Pembroke Group SMBC Aviation Capital

737-800 CFM56 Dec-12 10 AerCap Pre Delivery Payment DBS Bank

737-800 CFM56 Dec-12 2 Avolon Aerospace Leasing Loan/Finance/Refinanced Commonwealth Bank of Australia

737-800 CFM56 Dec-12 1 Avolon Aerospace Leasing Loan/Finance/Refinanced Deutsche Bank|BNP Paribas|Credit Agricole Corporate and Investment Bank|UBS|KfW IPEX-Bank

737-800 CFM56 Dec-12 3 AWAS Loan/Finance/Refinanced DVB Bank

737-800 CFM56 Dec-12 5 AWAS Pre Delivery Payment Credit Agricole Corporate and Investment Bank

737-800 CFM56 Dec-12 2 DAE Capital Loan/Finance/Refinanced DVB Bank| PK AirFinance

737-800 CFM56 Dec-12 10 GECAS Capital Markets

737-800 CFM56 Dec-12 3 Hainan Airlines Pre Delivery Payment Hong Kong Aviation Capital

737-800 CFM56 Dec-12 2 Investec Aircraft Syndicate Loan/Finance/Refinanced NordLB

737-800 CFM56 Dec-12 1 Luxair Finance Lease Ellege Lgit

737-800 CFM56 Dec-12 4 Shenzhen Airlines Loan/Finance/Refinanced Bank of China

737-800 CFM56 Dec-12 10 TUI Aviation Pre Delivery Payment DVB Bank

737-800 CFM56 Dec-12 1 Xiamen Airlines Loan/Finance/Refinanced China Development Bank

737-900 CFM56 Jan-12 2 El Al Pre Delivery Payment ING Bank

737-900 CFM56 Jan-12 10 Rostechnologii Group Pre Delivery Payment Bank of Moscow

737-900 CFM56 Jan-12 7 Turkish Airlines ECA / EXIM ING Bank|NordLB ING Bank| NordLB

737-900 CFM56 Feb-12 4 Lion Air Capital Markets

737-900 CFM56 Mar-12 17 Continental Airlines Capital Markets

737-900 CFM56 Jul-12 2 Jackson Square Aviation ECA / EXIM TD Bank

737-900 CFM56 Aug-12 2 Operating Lease - Sale and Lease Back Jackson Square Aviation Lion Air

737-900 CFM56 Sep-12 18 Continental Airlines Capital Markets

737-900 CFM56 Nov-12 3 Operating Lease - Sale and Lease Back BOC Aviation Lion Air

747-400 CF6 Jan-12 2 Purchase Deucalion Aviation Funds Lufthansa

747-400 CF6 Jan-12 6 AerSale Loan/Finance/Refinanced Wells Fargo Bank

747-400 CF6 Jan-12 1 ILFC Capital Markets

747-400 PW4000 Feb-12 1 Purchase Scaled Composites United Airlines

Source: Aviation Exchange

Page 46: Aircraft finance report 2013

AircrAft finAnce 2013

46 | Flightglobal Insight | AircrAft finAnce 2013 AircrAft finAnce 2013 |Flightglobal Insight | 47

aircrafT finance deals announced in 2012

aircraft model engine type Month Number of aircraft

customer Deal structure arrangers Debt provider equity providers buyer Seller

747-400 PW4000 Mar-12 1 Purchase Scaled Composites United Airlines

747-400 CF6 May-12 4 Purchase Deucalion Aviation Funds All Nippon Airways

747-400 CF6 May-12 1 Purchase Orient Thai Airlines ILFC

747-400 PW4000 May-12 1 Purchase VEB-Leasing Singapore Airlines

747-400 CF6 May-12 4 Deucalion Aviation Funds Loan/Finance/Refinanced DVB Bank DVB Bank

747-400 PW4000 Jun-12 1 Purchase Air Atlanta Icelandic Rabobank

747-400 PW4000 Jun-12 2 Purchase - Lease Attached Undisclosed Bank / Broker / Lessor Q Aviation

747-400 CF6 Aug-12 1 Purchase EirTrade Aviation Ireland AWAS

747-400 PW4000 Aug-12 1 Purchase VEB-Leasing Singapore Airlines

747-400 PW4000 Sep-12 1 Purchase Boeing Aircraft Holding Korean Air

747-400 RB211 Sep-12 2 Purchase GA Telesis Cathay Pacific

747-400 PW4000 Oct-12 1 Purchase AerSale Penerbangan Malaysia Berhad

747-400 RB211 Oct-12 1 Purchase Av-Air Hong Kong Aviation Capital

747-400 RB211 Oct-12 1 Purchase GA Telesis AWAS

747-400 PW4000 Oct-12 1 AerSale Loan/Finance/Refinanced Wells Fargo Bank

747-400 PW4000 Nov-12 1 Purchase Midair Aircastle Advisor

747-400 RB211 Nov-12 1 Purchase Undisclosed Bank / Broker / Lessor Hong Kong Aviation Capital

747-400 PW4000 Dec-12 1 Purchase AerSale Penerbangan Malaysia Berhad

747-400 PW4000 Dec-12 1 Purchase Universal Asset Management United Airlines

747-400 PW4000 Dec-12 1 AerSale Loan/Finance/Refinanced Wells Fargo Bank

747-400 Combi CF6 Jul-12 1 Purchase Deucalion Aviation Funds Lufthansa

747-400 Combi CF6 Aug-12 1 Purchase Deucalion Aviation Funds Lufthansa

747-400 Combi CF6 Oct-12 1 Purchase Deucalion Aviation Funds Lufthansa

747-400 Combi CF6 Nov-12 1 Purchase AerSale EVA Air

747-400 Combi CF6 Nov-12 1 AerSale Loan/Finance/Refinanced Wells Fargo Bank

747-400BCF PW4000 Apr-12 1 Purchase Boeing Aircraft Holding Korean Air

747-400ER CF6 Mar-12 2 Atlas Air Loan/Finance/Refinanced CIT Aerospace CIT Bank

747-400ERF CF6 Jan-12 1 ILFC Capital Markets

747-400ERF PW4000 Jan-12 1 Korean Air Finance Lease Deutsche Bank AG|Korea Development Bank|CIC Bank Korea Development Bank| Deutsche Bank CIC Bank

747-400F CF6 Jun-12 1 Purchase - Lease Attached Aircastle Advisor Deucalion Aviation Funds

747-400F CF6 Dec-12 3 GECAS Capital Markets

747-400SF CF6 Jan-12 1 Purchase KV Aviation Deucalion Aviation Funds

747-400SF CF6 Jan-12 1 KV Aviation Loan/Finance/Refinanced DVB Bank

747-400SF PW4000 May-12 1 Purchase Air China Cargo Cathay Pacific

747-400SF CF6 Dec-12 3 Purchase - Lease Attached Undisclosed Bank / Broker / Lessor CDB Leasing

747-8F GEnx Jan-12 5 AirBridgeCargo Finance Lease Citibank| DVB Bank| HSBC Bank | NordLB

747-8F GEnx Jan-12 6 Atlas Air ECA / EXIM Apple Bank

747-8F GEnx Jun-12 1 Atlas Air Capital Markets

747-8F GEnx Jul-12 1 Atlas Air Capital Markets

747-8F GEnx Oct-12 1 Atlas Air Capital Markets

747-8F GEnx Nov-12 1 Cargolux ECA / EXIM PEFCO

747-8F GEnx Dec-12 1 Atlas Air Capital Markets

747-8F GEnx Dec-12 1 Korean Air ECA / EXIM Goldman Sachs & Co| Credit Agricole Corporate and Investment Bank

747-8F GEnx Dec-12 1 Nippon Cargo Airlines Operating Lease - Sale and Lease Back The Bank of Mitsubishi Tokyo

747-8I GEnx Apr-12 1 Lufthansa Finance Lease BNP Paribas BNP Paribas

747-8I GEnx Jun-12 1 Lufthansa Tax Lease BBAM Nomura Babcock & Brown

757-200 PW2000 Jan-12 14 ILFC Capital Markets

757-200 RB211 Jan-12 6 ILFC Capital Markets

757-200 PW2000 Feb-12 1 Purchase United States Air Force L-3 Communications Advanced Aviation

757-200 RB211 Feb-12 1 Purchase PrivatAir British Airways

757-200 RB211 Mar-12 1 Purchase Icelandair American Airlines

757-200 RB211 Mar-12 1 Purchase Jet2 ACAP 2000-1 ABS Portfolio

757-200 RB211 Mar-12 1 Purchase Omni Air International Aviation Capital Group

757-200 RB211 Mar-12 1 Purchase TES Parts El Al

757-200 RB211 Mar-12 2 Purchase - Lease Attached Aerolease International Volito Aviation Services

757-200 PW2000 Mar-12 6 Delta Air Lines Loan/Finance/Refinanced JP Morgan Chase Bank

757-200 PW2000 Apr-12 1 Purchase FedEx Aerolease International

Page 47: Aircraft finance report 2013

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AircrAft finAnce 2013

aircrafT finance deals announced in 2012

aircraft model engine type Month Number of aircraft

customer Deal structure arrangers Debt provider equity providers buyer Seller

747-400 PW4000 Mar-12 1 Purchase Scaled Composites United Airlines

747-400 CF6 May-12 4 Purchase Deucalion Aviation Funds All Nippon Airways

747-400 CF6 May-12 1 Purchase Orient Thai Airlines ILFC

747-400 PW4000 May-12 1 Purchase VEB-Leasing Singapore Airlines

747-400 CF6 May-12 4 Deucalion Aviation Funds Loan/Finance/Refinanced DVB Bank DVB Bank

747-400 PW4000 Jun-12 1 Purchase Air Atlanta Icelandic Rabobank

747-400 PW4000 Jun-12 2 Purchase - Lease Attached Undisclosed Bank / Broker / Lessor Q Aviation

747-400 CF6 Aug-12 1 Purchase EirTrade Aviation Ireland AWAS

747-400 PW4000 Aug-12 1 Purchase VEB-Leasing Singapore Airlines

747-400 PW4000 Sep-12 1 Purchase Boeing Aircraft Holding Korean Air

747-400 RB211 Sep-12 2 Purchase GA Telesis Cathay Pacific

747-400 PW4000 Oct-12 1 Purchase AerSale Penerbangan Malaysia Berhad

747-400 RB211 Oct-12 1 Purchase Av-Air Hong Kong Aviation Capital

747-400 RB211 Oct-12 1 Purchase GA Telesis AWAS

747-400 PW4000 Oct-12 1 AerSale Loan/Finance/Refinanced Wells Fargo Bank

747-400 PW4000 Nov-12 1 Purchase Midair Aircastle Advisor

747-400 RB211 Nov-12 1 Purchase Undisclosed Bank / Broker / Lessor Hong Kong Aviation Capital

747-400 PW4000 Dec-12 1 Purchase AerSale Penerbangan Malaysia Berhad

747-400 PW4000 Dec-12 1 Purchase Universal Asset Management United Airlines

747-400 PW4000 Dec-12 1 AerSale Loan/Finance/Refinanced Wells Fargo Bank

747-400 Combi CF6 Jul-12 1 Purchase Deucalion Aviation Funds Lufthansa

747-400 Combi CF6 Aug-12 1 Purchase Deucalion Aviation Funds Lufthansa

747-400 Combi CF6 Oct-12 1 Purchase Deucalion Aviation Funds Lufthansa

747-400 Combi CF6 Nov-12 1 Purchase AerSale EVA Air

747-400 Combi CF6 Nov-12 1 AerSale Loan/Finance/Refinanced Wells Fargo Bank

747-400BCF PW4000 Apr-12 1 Purchase Boeing Aircraft Holding Korean Air

747-400ER CF6 Mar-12 2 Atlas Air Loan/Finance/Refinanced CIT Aerospace CIT Bank

747-400ERF CF6 Jan-12 1 ILFC Capital Markets

747-400ERF PW4000 Jan-12 1 Korean Air Finance Lease Deutsche Bank AG|Korea Development Bank|CIC Bank Korea Development Bank| Deutsche Bank CIC Bank

747-400F CF6 Jun-12 1 Purchase - Lease Attached Aircastle Advisor Deucalion Aviation Funds

747-400F CF6 Dec-12 3 GECAS Capital Markets

747-400SF CF6 Jan-12 1 Purchase KV Aviation Deucalion Aviation Funds

747-400SF CF6 Jan-12 1 KV Aviation Loan/Finance/Refinanced DVB Bank

747-400SF PW4000 May-12 1 Purchase Air China Cargo Cathay Pacific

747-400SF CF6 Dec-12 3 Purchase - Lease Attached Undisclosed Bank / Broker / Lessor CDB Leasing

747-8F GEnx Jan-12 5 AirBridgeCargo Finance Lease Citibank| DVB Bank| HSBC Bank | NordLB

747-8F GEnx Jan-12 6 Atlas Air ECA / EXIM Apple Bank

747-8F GEnx Jun-12 1 Atlas Air Capital Markets

747-8F GEnx Jul-12 1 Atlas Air Capital Markets

747-8F GEnx Oct-12 1 Atlas Air Capital Markets

747-8F GEnx Nov-12 1 Cargolux ECA / EXIM PEFCO

747-8F GEnx Dec-12 1 Atlas Air Capital Markets

747-8F GEnx Dec-12 1 Korean Air ECA / EXIM Goldman Sachs & Co| Credit Agricole Corporate and Investment Bank

747-8F GEnx Dec-12 1 Nippon Cargo Airlines Operating Lease - Sale and Lease Back The Bank of Mitsubishi Tokyo

747-8I GEnx Apr-12 1 Lufthansa Finance Lease BNP Paribas BNP Paribas

747-8I GEnx Jun-12 1 Lufthansa Tax Lease BBAM Nomura Babcock & Brown

757-200 PW2000 Jan-12 14 ILFC Capital Markets

757-200 RB211 Jan-12 6 ILFC Capital Markets

757-200 PW2000 Feb-12 1 Purchase United States Air Force L-3 Communications Advanced Aviation

757-200 RB211 Feb-12 1 Purchase PrivatAir British Airways

757-200 RB211 Mar-12 1 Purchase Icelandair American Airlines

757-200 RB211 Mar-12 1 Purchase Jet2 ACAP 2000-1 ABS Portfolio

757-200 RB211 Mar-12 1 Purchase Omni Air International Aviation Capital Group

757-200 RB211 Mar-12 1 Purchase TES Parts El Al

757-200 RB211 Mar-12 2 Purchase - Lease Attached Aerolease International Volito Aviation Services

757-200 PW2000 Mar-12 6 Delta Air Lines Loan/Finance/Refinanced JP Morgan Chase Bank

757-200 PW2000 Apr-12 1 Purchase FedEx Aerolease International

Source: Aviation Exchange

Page 48: Aircraft finance report 2013

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aircrafT finance deals announced in 2012

aircraft model engine type Month Number of aircraft

customer Deal structure arrangers Debt provider equity providers buyer Seller

757-200 RB211 Apr-12 1 Purchase CIT Aerospace UnionBanCal Leasing

757-200 RB211 Apr-12 1 Purchase FedEx ILFC

757-200 PW2000 Apr-12 1 Delta Air Lines Loan/Finance/Refinanced Wells Fargo Equipment Finance

757-200 PW2000 Apr-12 2 ILFC Capital Markets

757-200 RB211 Apr-12 1 ILFC Capital Markets

757-200 PW2000 May-12 1 Purchase Undisclosed Bank / Broker / Lessor WWTAI AirOpCo 1 Bermuda

757-200 RB211 May-12 1 Purchase American Airlines Dougherty Equipment Finance

757-200 RB211 May-12 2 Purchase FedEx ILFC

757-200 RB211 May-12 1 Purchase GA Telesis Security Pacific Equipment Leasing

757-200 RB211 May-12 1 Purchase Jet2 Aviation Leasing

757-200 RB211 May-12 1 Purchase - Lease Attached Undisclosed Bank / Broker / Lessor Aircastle Advisor

757-200 RB211 Jun-12 1 Purchase FedEx ILFC

757-200 RB211 Jun-12 1 Purchase FedEx PALS 1999-1 ABS Portfolio

757-200 RB211 Jun-12 1 Purchase Wendell R Parish Bay 2 Bay Leasing

757-200 RB211 Jun-12 1 Purchase - Lease Attached GA Telesis Gaucho 2

757-200 RB211 Jun-12 2 Allegiant Air Loan/Finance/Refinanced Wells Fargo Equipment Finance

757-200 PW2000 Jun-12 1 Delta Air Lines Capital Markets

757-200 RB211 Jul-12 1 Purchase FedEx AWAS

757-200 RB211 Jul-12 1 Purchase L-3 Communications Advanced Aviation Wendell R Parish

757-200 RB211 Jul-12 6 Purchase United Airlines Philip Morris Capital

757-200 RB211 Jul-12 1 Global Knafaim Leasing Loan/Finance/Refinanced Union Bank of Israel

757-200 PW2000 Aug-12 1 Purchase FedEx PALS 2000-1 ABS Portfolio

757-200 RB211 Aug-12 1 Purchase L-3 Communications Advanced Aviation Wendell R Parish

757-200 RB211 Aug-12 1 Purchase Wendell R Parish GA Telesis

757-200 PW2000 Sep-12 2 Purchase Aerolease International SkyWorks Leasing

757-200 PW2000 Sep-12 1 Purchase United Airlines CIT Aerospace

757-200 RB211 Sep-12 1 Purchase FedEx PALS 1999-1 ABS Portfolio

757-200 RB211 Sep-12 2 Purchase US Bank Undisclosed Bank / Broker / Lessor

757-200 PW2000 Sep-12 1 Apollo Aviation Group Loan/Finance/Refinanced Undisclosed Bank / Broker / Lessor

757-200 PW2000 Oct-12 1 Purchase FedEx Aerolease International

757-200 PW2000 Oct-12 1 Purchase United Airlines CIT Aerospace

757-200 RB211 Oct-12 1 Purchase FedEx ILFC

757-200 RB211 Oct-12 1 Purchase FedEx Omni Air International

757-200 RB211 Nov-12 1 Purchase FedEx ILFC

757-200 PW2000 Dec-12 1 Operating Lease - Sale and Lease Back Undisclosed Bank / Broker / Lessor United Airlines

757-200 RB211 Dec-12 1 Purchase Brickell Asset Management US Bank

757-200 RB211 Dec-12 1 Purchase FedEx AERCO 2000-1 ABS Portfolio

757-200 RB211 Dec-12 1 Purchase FedEx TES Parts

757-200 RB211 Dec-12 1 Purchase Icelandair US Bank

757-200 RB211 Dec-12 1 Purchase JALUX Americas US Bancorp Equipment Finance

757-200 RB211 Dec-12 2 Purchase - Lease Attached GA Telesis US Bank

757-200 PW2000 Dec-12 15 United Airlines Loan/Finance/Refinanced Lease Aircraft Trust Series 2012-1

757-200 Combi RB211 Dec-12 3 Purchase Cargo Aircraft Management National Airlines

757-200F RB211 Mar-12 1 SF Airlines Finance Lease Xunlian Investment

757-200F RB211 Mar-12 1 SF Airlines Finance Lease Xunyin Investment

757-200F RB211 Jun-12 1 Purchase - Lease Attached DHL Aviation (Netherlands) Boeing Capital

757-200F RB211 Aug-12 1 Purchase SF Airlines Air China

757-300 RB211 Apr-12 11 Operating Lease - Sale and Lease Back Guggenheim Aviation Partners Condor

757-300 RB211 May-12 11 Guggenheim Aviation Partners Loan/Finance/Refinanced DVB Bank| Deutsche Bank

767-200 JT9D Apr-12 10 Purchase Jet Midwest Air Canada

767-200ER JT9D Feb-12 1 Purchase Atom Airways West Dover

767-200ER PW4000 Mar-12 1 Purchase Aeromexico LAN Airlines

767-200ER PW4000 Mar-12 1 Purchase AeroTurbine AWAS

767-200ER JT9D Apr-12 7 Purchase Jet Midwest Air Canada

767-200ER CF6 May-12 8 Purchase BLF United Airlines

767-200ER CF6 Jun-12 1 Purchase - Lease Attached Aircraft Solutions Aisling Airlease (No 5)

767-200ERF CF6 Nov-12 1 GECAS Loan/Finance/Refinanced PK AirFinance

Page 49: Aircraft finance report 2013

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aircrafT finance deals announced in 2012

aircraft model engine type Month Number of aircraft

customer Deal structure arrangers Debt provider equity providers buyer Seller

757-200 RB211 Apr-12 1 Purchase CIT Aerospace UnionBanCal Leasing

757-200 RB211 Apr-12 1 Purchase FedEx ILFC

757-200 PW2000 Apr-12 1 Delta Air Lines Loan/Finance/Refinanced Wells Fargo Equipment Finance

757-200 PW2000 Apr-12 2 ILFC Capital Markets

757-200 RB211 Apr-12 1 ILFC Capital Markets

757-200 PW2000 May-12 1 Purchase Undisclosed Bank / Broker / Lessor WWTAI AirOpCo 1 Bermuda

757-200 RB211 May-12 1 Purchase American Airlines Dougherty Equipment Finance

757-200 RB211 May-12 2 Purchase FedEx ILFC

757-200 RB211 May-12 1 Purchase GA Telesis Security Pacific Equipment Leasing

757-200 RB211 May-12 1 Purchase Jet2 Aviation Leasing

757-200 RB211 May-12 1 Purchase - Lease Attached Undisclosed Bank / Broker / Lessor Aircastle Advisor

757-200 RB211 Jun-12 1 Purchase FedEx ILFC

757-200 RB211 Jun-12 1 Purchase FedEx PALS 1999-1 ABS Portfolio

757-200 RB211 Jun-12 1 Purchase Wendell R Parish Bay 2 Bay Leasing

757-200 RB211 Jun-12 1 Purchase - Lease Attached GA Telesis Gaucho 2

757-200 RB211 Jun-12 2 Allegiant Air Loan/Finance/Refinanced Wells Fargo Equipment Finance

757-200 PW2000 Jun-12 1 Delta Air Lines Capital Markets

757-200 RB211 Jul-12 1 Purchase FedEx AWAS

757-200 RB211 Jul-12 1 Purchase L-3 Communications Advanced Aviation Wendell R Parish

757-200 RB211 Jul-12 6 Purchase United Airlines Philip Morris Capital

757-200 RB211 Jul-12 1 Global Knafaim Leasing Loan/Finance/Refinanced Union Bank of Israel

757-200 PW2000 Aug-12 1 Purchase FedEx PALS 2000-1 ABS Portfolio

757-200 RB211 Aug-12 1 Purchase L-3 Communications Advanced Aviation Wendell R Parish

757-200 RB211 Aug-12 1 Purchase Wendell R Parish GA Telesis

757-200 PW2000 Sep-12 2 Purchase Aerolease International SkyWorks Leasing

757-200 PW2000 Sep-12 1 Purchase United Airlines CIT Aerospace

757-200 RB211 Sep-12 1 Purchase FedEx PALS 1999-1 ABS Portfolio

757-200 RB211 Sep-12 2 Purchase US Bank Undisclosed Bank / Broker / Lessor

757-200 PW2000 Sep-12 1 Apollo Aviation Group Loan/Finance/Refinanced Undisclosed Bank / Broker / Lessor

757-200 PW2000 Oct-12 1 Purchase FedEx Aerolease International

757-200 PW2000 Oct-12 1 Purchase United Airlines CIT Aerospace

757-200 RB211 Oct-12 1 Purchase FedEx ILFC

757-200 RB211 Oct-12 1 Purchase FedEx Omni Air International

757-200 RB211 Nov-12 1 Purchase FedEx ILFC

757-200 PW2000 Dec-12 1 Operating Lease - Sale and Lease Back Undisclosed Bank / Broker / Lessor United Airlines

757-200 RB211 Dec-12 1 Purchase Brickell Asset Management US Bank

757-200 RB211 Dec-12 1 Purchase FedEx AERCO 2000-1 ABS Portfolio

757-200 RB211 Dec-12 1 Purchase FedEx TES Parts

757-200 RB211 Dec-12 1 Purchase Icelandair US Bank

757-200 RB211 Dec-12 1 Purchase JALUX Americas US Bancorp Equipment Finance

757-200 RB211 Dec-12 2 Purchase - Lease Attached GA Telesis US Bank

757-200 PW2000 Dec-12 15 United Airlines Loan/Finance/Refinanced Lease Aircraft Trust Series 2012-1

757-200 Combi RB211 Dec-12 3 Purchase Cargo Aircraft Management National Airlines

757-200F RB211 Mar-12 1 SF Airlines Finance Lease Xunlian Investment

757-200F RB211 Mar-12 1 SF Airlines Finance Lease Xunyin Investment

757-200F RB211 Jun-12 1 Purchase - Lease Attached DHL Aviation (Netherlands) Boeing Capital

757-200F RB211 Aug-12 1 Purchase SF Airlines Air China

757-300 RB211 Apr-12 11 Operating Lease - Sale and Lease Back Guggenheim Aviation Partners Condor

757-300 RB211 May-12 11 Guggenheim Aviation Partners Loan/Finance/Refinanced DVB Bank| Deutsche Bank

767-200 JT9D Apr-12 10 Purchase Jet Midwest Air Canada

767-200ER JT9D Feb-12 1 Purchase Atom Airways West Dover

767-200ER PW4000 Mar-12 1 Purchase Aeromexico LAN Airlines

767-200ER PW4000 Mar-12 1 Purchase AeroTurbine AWAS

767-200ER JT9D Apr-12 7 Purchase Jet Midwest Air Canada

767-200ER CF6 May-12 8 Purchase BLF United Airlines

767-200ER CF6 Jun-12 1 Purchase - Lease Attached Aircraft Solutions Aisling Airlease (No 5)

767-200ERF CF6 Nov-12 1 GECAS Loan/Finance/Refinanced PK AirFinance

Source: Aviation Exchange

Page 50: Aircraft finance report 2013

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aircrafT finance deals announced in 2012

aircraft model engine type Month Number of aircraft

customer Deal structure arrangers Debt provider equity providers buyer Seller

767-300 PW4000 Jan-12 2 Purchase Deucalion Aviation Funds Air China

767-300 CF6 Mar-12 1 Purchase Air Do All Nippon Airways

767-300 JT9D Sep-12 1 Purchase Grandmax Group Japan Airlines

767-300ER PW4000 Jan-12 1 Purchase - Lease Attached BoCom Leasing North American Aircraft Leasing

767-300ER CF6 Jan-12 7 ILFC Capital Markets

767-300ER PW4000 Jan-12 2 ILFC Capital Markets

767-300ER CF6 Feb-12 1 Purchase Cargo Aircraft Management Qantas

767-300ER CF6 Feb-12 1 Purchase Cargo Aircraft Management Royal Air Maroc

767-300ER CF6 Feb-12 1 All Nippon Airways Finance Lease Bellview Leasing

767-300ER PW4000 Feb-12 2 Uzbekistan Airways Loan/Finance/Refinanced National Bank for Foreign Economic Affairs Uzbek Reconstruction and Development Fund of Uzbekistan

767-300ER CF6 Mar-12 1 Purchase Atlas Air GECAS

767-300ER CF6 Mar-12 3 Atlas Air Loan/Finance/Refinanced CIT Aerospace CIT Bank

767-300ER CF6 Mar-12 3 Delta Air Lines Loan/Finance/Refinanced JP Morgan Chase Bank

767-300ER PW4000 Mar-12 2 Delta Air Lines Loan/Finance/Refinanced JP Morgan Chase Bank

767-300ER CF6 Mar-12 1 LAN Airlines Finance Lease Bacacina Leasing

767-300ER CF6 Mar-12 1 LAN Airlines Finance Lease Mirlo Leasing

767-300ER PW4000 Apr-12 6 Operating Lease - Sale and Lease Back Aircastle Advisor Condor

767-300ER CF6 Apr-12 2 ILFC Capital Markets

767-300ER PW4000 Apr-12 3 ILFC Capital Markets

767-300ER CF6 May-12 2 Operating Lease - Sale and Lease Back Guggenheim Aviation Partners Thomas Cook Airlines

767-300ER CF6 May-12 2 Purchase Thomas Cook Airlines Airfleet Credit

767-300ER PW4000 Jun-12 2 Purchase - Lease Attached Undisclosed Bank / Broker / Lessor Q Aviation

767-300ER RB211 Jun-12 1 Purchase - Lease Attached Opal Leasing G-BNWK Aircraft Pty

767-300ER PW4000 Jun-12 8 Delta Air Lines Capital Markets

767-300ER CF6 Jun-12 9 LAN Airlines ECA / EXIM JP Morgan Chase Bank

767-300ER RB211 Aug-12 1 Operating Lease - Sale and Lease Back Boeing Capital Qantas

767-300ER RB211 Aug-12 1 Purchase Qantas Boeing Capital

767-300ER CF6 Sep-12 1 Purchase - Lease Attached Automatic Sumisho Aircraft Asset Management

767-300ER PW4000 Nov-12 1 Purchase Jet Midwest Aviation Leasing

767-300ER PW4000 Nov-12 1 Jet Midwest Loan/Finance/Refinanced Amur Finance 1

767-300ER PW4000 Dec-12 2 Purchase - Lease Attached Undisclosed Bank / Broker / Lessor CDB Leasing

767-300ER RB211 Dec-12 1 Purchase AerSale Qantas

767-300ER RB211 Dec-12 1 AerSale Loan/Finance/Refinanced Wells Fargo Bank

767-300ERF CF6 Jan-12 1 UPS Airlines Finance Lease CC & EI

767-300ERF CF6 Feb-12 1 UPS Airlines Finance Lease CC & EI

767-300ERF CF6 Mar-12 1 UPS Airlines Finance Lease CC & EI

767-300ERF CF6 Apr-12 2 UPS Airlines Finance Lease CC & EI

767-300ERF CF6 May-12 1 UPS Airlines Finance Lease CC & EI

767-300ERF CF6 Dec-12 1 UPS Airlines Finance Lease CC & EI

767-400ER CF6 Jun-12 6 Delta Air Lines Capital Markets

777-200 Trent Oct-12 2 American Airlines Loan/Finance/Refinanced DVB Bank RPK Capital Management Group

777-200ER GE90 Jan-12 3 ILFC Capital Markets

777-200ER PW4000 Jan-12 1 ILFC Capital Markets

777-200ER GE90 Mar-12 1 Operating Lease - Sale and Lease Back Aircraft Purchase Company No. 12 Alitalia

777-200ER Trent Mar-12 1 Purchase ILFC Singapore Airlines

777-200ER GE90 Mar-12 1 United Airlines Loan/Finance/Refinanced Undisclosed Bank / Broker / Lessor

777-200ER GE90 Apr-12 1 ILFC Capital Markets

777-200ER PW4000 Jun-12 1 Asiana Airlines ECA / EXIM Natixis Korea Development Bank

777-200ER PW4000 Jul-12 1 All Nippon Airways (MRO) Tax Lease GL Super Leasing

777-200ER PW4000 Oct-12 1 All Nippon Airways (MRO) Finance Lease Saffron Leasing + 4 others

777-200ER PW4000 Dec-12 1 Purchase TPG Capital Air Austral

777-200ER PW4000 Dec-12 3 GECAS Capital Markets

777-200LRF GE90 Jun-12 1 Purchase - Lease Attached BBAM GECAS

777-200LRF GE90 Sep-12 1 Operating Lease - Sale and Lease Back GECAS Ethiopian Airlines

777-200LRF GE90 Sep-12 1 Purchase - Lease Attached BoCom Leasing GECAS

777-200LRF GE90 Sep-12 1 BoCom Leasing Loan/Finance/Refinanced Bank of China

777-200LRF GE90 Sep-12 1 China Cargo Airlines Loan/Finance/Refinanced CIC Bank| Deutsche Bank

Page 51: Aircraft finance report 2013

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AircrAft finAnce 2013

aircrafT finance deals announced in 2012

aircraft model engine type Month Number of aircraft

customer Deal structure arrangers Debt provider equity providers buyer Seller

767-300 PW4000 Jan-12 2 Purchase Deucalion Aviation Funds Air China

767-300 CF6 Mar-12 1 Purchase Air Do All Nippon Airways

767-300 JT9D Sep-12 1 Purchase Grandmax Group Japan Airlines

767-300ER PW4000 Jan-12 1 Purchase - Lease Attached BoCom Leasing North American Aircraft Leasing

767-300ER CF6 Jan-12 7 ILFC Capital Markets

767-300ER PW4000 Jan-12 2 ILFC Capital Markets

767-300ER CF6 Feb-12 1 Purchase Cargo Aircraft Management Qantas

767-300ER CF6 Feb-12 1 Purchase Cargo Aircraft Management Royal Air Maroc

767-300ER CF6 Feb-12 1 All Nippon Airways Finance Lease Bellview Leasing

767-300ER PW4000 Feb-12 2 Uzbekistan Airways Loan/Finance/Refinanced National Bank for Foreign Economic Affairs Uzbek Reconstruction and Development Fund of Uzbekistan

767-300ER CF6 Mar-12 1 Purchase Atlas Air GECAS

767-300ER CF6 Mar-12 3 Atlas Air Loan/Finance/Refinanced CIT Aerospace CIT Bank

767-300ER CF6 Mar-12 3 Delta Air Lines Loan/Finance/Refinanced JP Morgan Chase Bank

767-300ER PW4000 Mar-12 2 Delta Air Lines Loan/Finance/Refinanced JP Morgan Chase Bank

767-300ER CF6 Mar-12 1 LAN Airlines Finance Lease Bacacina Leasing

767-300ER CF6 Mar-12 1 LAN Airlines Finance Lease Mirlo Leasing

767-300ER PW4000 Apr-12 6 Operating Lease - Sale and Lease Back Aircastle Advisor Condor

767-300ER CF6 Apr-12 2 ILFC Capital Markets

767-300ER PW4000 Apr-12 3 ILFC Capital Markets

767-300ER CF6 May-12 2 Operating Lease - Sale and Lease Back Guggenheim Aviation Partners Thomas Cook Airlines

767-300ER CF6 May-12 2 Purchase Thomas Cook Airlines Airfleet Credit

767-300ER PW4000 Jun-12 2 Purchase - Lease Attached Undisclosed Bank / Broker / Lessor Q Aviation

767-300ER RB211 Jun-12 1 Purchase - Lease Attached Opal Leasing G-BNWK Aircraft Pty

767-300ER PW4000 Jun-12 8 Delta Air Lines Capital Markets

767-300ER CF6 Jun-12 9 LAN Airlines ECA / EXIM JP Morgan Chase Bank

767-300ER RB211 Aug-12 1 Operating Lease - Sale and Lease Back Boeing Capital Qantas

767-300ER RB211 Aug-12 1 Purchase Qantas Boeing Capital

767-300ER CF6 Sep-12 1 Purchase - Lease Attached Automatic Sumisho Aircraft Asset Management

767-300ER PW4000 Nov-12 1 Purchase Jet Midwest Aviation Leasing

767-300ER PW4000 Nov-12 1 Jet Midwest Loan/Finance/Refinanced Amur Finance 1

767-300ER PW4000 Dec-12 2 Purchase - Lease Attached Undisclosed Bank / Broker / Lessor CDB Leasing

767-300ER RB211 Dec-12 1 Purchase AerSale Qantas

767-300ER RB211 Dec-12 1 AerSale Loan/Finance/Refinanced Wells Fargo Bank

767-300ERF CF6 Jan-12 1 UPS Airlines Finance Lease CC & EI

767-300ERF CF6 Feb-12 1 UPS Airlines Finance Lease CC & EI

767-300ERF CF6 Mar-12 1 UPS Airlines Finance Lease CC & EI

767-300ERF CF6 Apr-12 2 UPS Airlines Finance Lease CC & EI

767-300ERF CF6 May-12 1 UPS Airlines Finance Lease CC & EI

767-300ERF CF6 Dec-12 1 UPS Airlines Finance Lease CC & EI

767-400ER CF6 Jun-12 6 Delta Air Lines Capital Markets

777-200 Trent Oct-12 2 American Airlines Loan/Finance/Refinanced DVB Bank RPK Capital Management Group

777-200ER GE90 Jan-12 3 ILFC Capital Markets

777-200ER PW4000 Jan-12 1 ILFC Capital Markets

777-200ER GE90 Mar-12 1 Operating Lease - Sale and Lease Back Aircraft Purchase Company No. 12 Alitalia

777-200ER Trent Mar-12 1 Purchase ILFC Singapore Airlines

777-200ER GE90 Mar-12 1 United Airlines Loan/Finance/Refinanced Undisclosed Bank / Broker / Lessor

777-200ER GE90 Apr-12 1 ILFC Capital Markets

777-200ER PW4000 Jun-12 1 Asiana Airlines ECA / EXIM Natixis Korea Development Bank

777-200ER PW4000 Jul-12 1 All Nippon Airways (MRO) Tax Lease GL Super Leasing

777-200ER PW4000 Oct-12 1 All Nippon Airways (MRO) Finance Lease Saffron Leasing + 4 others

777-200ER PW4000 Dec-12 1 Purchase TPG Capital Air Austral

777-200ER PW4000 Dec-12 3 GECAS Capital Markets

777-200LRF GE90 Jun-12 1 Purchase - Lease Attached BBAM GECAS

777-200LRF GE90 Sep-12 1 Operating Lease - Sale and Lease Back GECAS Ethiopian Airlines

777-200LRF GE90 Sep-12 1 Purchase - Lease Attached BoCom Leasing GECAS

777-200LRF GE90 Sep-12 1 BoCom Leasing Loan/Finance/Refinanced Bank of China

777-200LRF GE90 Sep-12 1 China Cargo Airlines Loan/Finance/Refinanced CIC Bank| Deutsche Bank

Page 52: Aircraft finance report 2013

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aircrafT finance deals announced in 2012

aircraft model engine type Month Number of aircraft

customer Deal structure arrangers Debt provider equity providers buyer Seller

777-200LRF GE90 Oct-12 1 Purchase - Lease Attached Investec Aircraft Syndicate GECAS

777-200LRF GE90 Nov-12 1 DAE Capital Loan/Finance/Refinanced CIT Aerospace CIT Bank| NordLB

777-200LRF GE90 Nov-12 1 Investec Aircraft Syndicate Loan/Finance/Refinanced NordLB

777-300 PW4000 Jan-12 2 Korean Air Finance Lease Deutsche Bank | Korea Development Bank| CIC Bank Korea Development Bank| Deutsche Bank AG| CIC Bank

777-300 Trent Mar-12 1 Operating Lease - Sale and Lease Back VEB-Leasing Transaero Airlines

777-300 Trent Nov-12 1 Purchase VEB-Leasing Lionstar Leasing

777-300ER GE90 Jan-12 2 Emirates Airline Tax Lease Dubai Islamic Bank| Al Hilal Bank| Ajman Bank

777-300ER GE90 Jan-12 1 Etihad Airways Capital Markets

777-300ER GE90 Feb-12 1 Etihad Airways Capital Markets

777-300ER GE90 Mar-12 1 Purchase BBAM GECAS

777-300ER GE90 Mar-12 1 Air China Loan/Finance/Refinanced Bank of China

777-300ER GE90 Mar-12 1 Air France Tax Lease BNP Paribas| CIC Bank| Natixis| Sumitomo Mitsui Finance & Leasing Co

777-300ER GE90 Mar-12 1 British Airways Tax Lease BBAM | DVB Bank Nomura Babcock & Brown

777-300ER GE90 Apr-12 1 Operating Lease - Sale and Lease Back Air Lease Corporation Air France

777-300ER GE90 Apr-12 1 Operating Lease - Sale and Lease Back GECAS Air France

777-300ER GE90 Apr-12 1 Purchase - Lease Attached Air Lease Corporation Macquarie AirFinance

777-300ER GE90 Apr-12 1 Cathay Pacific Tax Lease BBAM Nomura Babcock & Brown

777-300ER GE90 Apr-12 1 Cathay Pacific Tax Lease BBAM Westpac Banking| ANZ Bank Nomura Babcock & Brown

777-300ER GE90 Apr-12 1 Etihad Airways ECA / EXIM HSBC Bank

777-300ER GE90 Apr-12 1 ILFC Capital Markets

777-300ER GE90 May-12 3 ECA / EXIM PEFCO

777-300ER GE90 May-12 1 Operating Lease - Sale and Lease Back Air Lease Corporation Cathay Pacific

777-300ER GE90 May-12 3 Operating Lease - Sale and Lease Back GECAS Emirates Airline

777-300ER GE90 May-12 1 Operating Lease - Sale and Lease Back Novus Aviation Emirates Airline

777-300ER GE90 May-12 1 Air China Capital Markets

777-300ER GE90 May-12 1 Emirates Airline ECA / EXIM JP Morgan Chase Bank

777-300ER GE90 May-12 1 Novus Aviation Loan/Finance/Refinanced Undisclosed Bank / Broker / Lessor| Undisclosed Bank / Broker / Lessor

777-300ER GE90 Jun-12 1 Operating Lease - Sale and Lease Back Novus Aviation Emirates Airline

777-300ER GE90 Jun-12 2 BOC Aviation ECA / EXIM Apple Bank| Soverign Bank| Flashing Bank

777-300ER GE90 Jun-12 1 Etihad Airways Capital Markets

777-300ER GE90 Jun-12 1 Kenya Airways Pre Delivery Payment| Loan/Finance/Refinanced Afriexim Bank

777-300ER GE90 Jun-12 1 Novus Aviation Loan/Finance/Refinanced DVB Bank Unconfirmed Saudi Arabia Bank

777-300ER GE90 Jun-12 1 Philippine Airlines ECA / EXIM HSBC Bank ING Bank

777-300ER GE90 Jun-12 2 TAM Linhas Aereas ECA / EXIM Citibank| Santander

777-300ER GE90 Jul-12 1 Operating Lease - Sale and Lease Back BBAM Emirates Airline

777-300ER GE90 Jul-12 2 Air China Capital Markets

777-300ER GE90 Jul-12 4 Emirates Airline Capital Markets

777-300ER GE90 Jul-12 1 Emirates Airline ECA / EXIM JP Morgan Chase Bank

777-300ER GE90 Jul-12 1 KLM Royal Dutch Airlines ECA / EXIM| Finance Lease Apple Bank| Credit Agricole Corporate and Investment Bank

777-300ER GE90 Jul-12 2 TAM Linhas Aereas Capital Markets

777-300ER GE90 Aug-12 2 Operating Lease - Sale and Lease Back Guggenheim Aviation Partners American Airlines

777-300ER GE90 Aug-12 4 Operating Lease - Sale and Lease Back VEB-Leasing Aeroflot Russian Airlines

777-300ER GE90 Aug-12 2 Air China Capital Markets

777-300ER GE90 Sep-12 1 Operating Lease - Sale and Lease Back Avolon Aerospace Leasing American Airlines

777-300ER GE90 Sep-12 1 Emirates Airline Capital Markets

777-300ER GE90 Oct-12 1 Avolon Aerospace Leasing Loan/Finance/Refinanced DVB Bank

777-300ER GE90 Nov-12 1 Operating Lease - Sale and Lease Back Novus Aviation Emirates Airline

777-300ER GE90 Nov-12 1 Operating Lease - Sale and Lease Back GECAS Emirates Airline

777-300ER GE90 Nov-12 1 Air France Tax Lease BNP Paribas BNP Paribas| Unconfirmed Japanese Bank

777-300ER GE90 Nov-12 1 Novus Aviation Loan/Finance/Refinanced DVB Bank Unconfirmed Middle Eastern Bank

777-300ER GE90 Nov-12 4 VEB-Leasing ECA / EXIM Credit Agricole Corporate and Investment Bank| Goldman Sachs & Co Apple Bank

777-300ER GE90 Dec-12 1 Purchase - Lease Attached BBAM Emirates Airline

777-300ER GE90 Dec-12 2 DAE Capital Loan/Finance/Refinanced DVB Bank ChinaTrust Commercial Bank

777-300ER GE90 Dec-12 1 Etihad Airways Capital Markets

777-300ER GE90 Dec-12 2 Guggenheim Aviation Partners Loan/Finance/Refinanced Undisclosed Bank / Broker / Lessor

777-300ER GE90 Dec-12 2 ILFC Capital Markets

777-300ER GE90 Dec-12 1 Korean Air ECA / EXIM BNP Paribas

Page 53: Aircraft finance report 2013

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AircrAft finAnce 2013

aircrafT finance deals announced in 2012

aircraft model engine type Month Number of aircraft

customer Deal structure arrangers Debt provider equity providers buyer Seller

777-200LRF GE90 Oct-12 1 Purchase - Lease Attached Investec Aircraft Syndicate GECAS

777-200LRF GE90 Nov-12 1 DAE Capital Loan/Finance/Refinanced CIT Aerospace CIT Bank| NordLB

777-200LRF GE90 Nov-12 1 Investec Aircraft Syndicate Loan/Finance/Refinanced NordLB

777-300 PW4000 Jan-12 2 Korean Air Finance Lease Deutsche Bank | Korea Development Bank| CIC Bank Korea Development Bank| Deutsche Bank AG| CIC Bank

777-300 Trent Mar-12 1 Operating Lease - Sale and Lease Back VEB-Leasing Transaero Airlines

777-300 Trent Nov-12 1 Purchase VEB-Leasing Lionstar Leasing

777-300ER GE90 Jan-12 2 Emirates Airline Tax Lease Dubai Islamic Bank| Al Hilal Bank| Ajman Bank

777-300ER GE90 Jan-12 1 Etihad Airways Capital Markets

777-300ER GE90 Feb-12 1 Etihad Airways Capital Markets

777-300ER GE90 Mar-12 1 Purchase BBAM GECAS

777-300ER GE90 Mar-12 1 Air China Loan/Finance/Refinanced Bank of China

777-300ER GE90 Mar-12 1 Air France Tax Lease BNP Paribas| CIC Bank| Natixis| Sumitomo Mitsui Finance & Leasing Co

777-300ER GE90 Mar-12 1 British Airways Tax Lease BBAM | DVB Bank Nomura Babcock & Brown

777-300ER GE90 Apr-12 1 Operating Lease - Sale and Lease Back Air Lease Corporation Air France

777-300ER GE90 Apr-12 1 Operating Lease - Sale and Lease Back GECAS Air France

777-300ER GE90 Apr-12 1 Purchase - Lease Attached Air Lease Corporation Macquarie AirFinance

777-300ER GE90 Apr-12 1 Cathay Pacific Tax Lease BBAM Nomura Babcock & Brown

777-300ER GE90 Apr-12 1 Cathay Pacific Tax Lease BBAM Westpac Banking| ANZ Bank Nomura Babcock & Brown

777-300ER GE90 Apr-12 1 Etihad Airways ECA / EXIM HSBC Bank

777-300ER GE90 Apr-12 1 ILFC Capital Markets

777-300ER GE90 May-12 3 ECA / EXIM PEFCO

777-300ER GE90 May-12 1 Operating Lease - Sale and Lease Back Air Lease Corporation Cathay Pacific

777-300ER GE90 May-12 3 Operating Lease - Sale and Lease Back GECAS Emirates Airline

777-300ER GE90 May-12 1 Operating Lease - Sale and Lease Back Novus Aviation Emirates Airline

777-300ER GE90 May-12 1 Air China Capital Markets

777-300ER GE90 May-12 1 Emirates Airline ECA / EXIM JP Morgan Chase Bank

777-300ER GE90 May-12 1 Novus Aviation Loan/Finance/Refinanced Undisclosed Bank / Broker / Lessor| Undisclosed Bank / Broker / Lessor

777-300ER GE90 Jun-12 1 Operating Lease - Sale and Lease Back Novus Aviation Emirates Airline

777-300ER GE90 Jun-12 2 BOC Aviation ECA / EXIM Apple Bank| Soverign Bank| Flashing Bank

777-300ER GE90 Jun-12 1 Etihad Airways Capital Markets

777-300ER GE90 Jun-12 1 Kenya Airways Pre Delivery Payment| Loan/Finance/Refinanced Afriexim Bank

777-300ER GE90 Jun-12 1 Novus Aviation Loan/Finance/Refinanced DVB Bank Unconfirmed Saudi Arabia Bank

777-300ER GE90 Jun-12 1 Philippine Airlines ECA / EXIM HSBC Bank ING Bank

777-300ER GE90 Jun-12 2 TAM Linhas Aereas ECA / EXIM Citibank| Santander

777-300ER GE90 Jul-12 1 Operating Lease - Sale and Lease Back BBAM Emirates Airline

777-300ER GE90 Jul-12 2 Air China Capital Markets

777-300ER GE90 Jul-12 4 Emirates Airline Capital Markets

777-300ER GE90 Jul-12 1 Emirates Airline ECA / EXIM JP Morgan Chase Bank

777-300ER GE90 Jul-12 1 KLM Royal Dutch Airlines ECA / EXIM| Finance Lease Apple Bank| Credit Agricole Corporate and Investment Bank

777-300ER GE90 Jul-12 2 TAM Linhas Aereas Capital Markets

777-300ER GE90 Aug-12 2 Operating Lease - Sale and Lease Back Guggenheim Aviation Partners American Airlines

777-300ER GE90 Aug-12 4 Operating Lease - Sale and Lease Back VEB-Leasing Aeroflot Russian Airlines

777-300ER GE90 Aug-12 2 Air China Capital Markets

777-300ER GE90 Sep-12 1 Operating Lease - Sale and Lease Back Avolon Aerospace Leasing American Airlines

777-300ER GE90 Sep-12 1 Emirates Airline Capital Markets

777-300ER GE90 Oct-12 1 Avolon Aerospace Leasing Loan/Finance/Refinanced DVB Bank

777-300ER GE90 Nov-12 1 Operating Lease - Sale and Lease Back Novus Aviation Emirates Airline

777-300ER GE90 Nov-12 1 Operating Lease - Sale and Lease Back GECAS Emirates Airline

777-300ER GE90 Nov-12 1 Air France Tax Lease BNP Paribas BNP Paribas| Unconfirmed Japanese Bank

777-300ER GE90 Nov-12 1 Novus Aviation Loan/Finance/Refinanced DVB Bank Unconfirmed Middle Eastern Bank

777-300ER GE90 Nov-12 4 VEB-Leasing ECA / EXIM Credit Agricole Corporate and Investment Bank| Goldman Sachs & Co Apple Bank

777-300ER GE90 Dec-12 1 Purchase - Lease Attached BBAM Emirates Airline

777-300ER GE90 Dec-12 2 DAE Capital Loan/Finance/Refinanced DVB Bank ChinaTrust Commercial Bank

777-300ER GE90 Dec-12 1 Etihad Airways Capital Markets

777-300ER GE90 Dec-12 2 Guggenheim Aviation Partners Loan/Finance/Refinanced Undisclosed Bank / Broker / Lessor

777-300ER GE90 Dec-12 2 ILFC Capital Markets

777-300ER GE90 Dec-12 1 Korean Air ECA / EXIM BNP Paribas

Page 54: Aircraft finance report 2013

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aircrafT finance deals announced in 2012

aircraft model engine type Month Number of aircraft

customer Deal structure arrangers Debt provider equity providers buyer Seller

777-300ER GE90 Dec-12 1 Korean Air ECA / EXIM Citibank

787-8 GEnx Mar-12 4 Continental Airlines Capital Markets

787-8 TBC Apr-12 4 Operating Lease - Sale and Lease Back VTB-Leasing Transaero Airlines

787-8 Trent Apr-12 1 Purchase Undisclosed Bank / Broker / Lessor AWAS

787-8 GEnx Apr-12 2 Air India Loan/Finance/Refinanced Standard Chartered Bank Standard Chartered Bank

787-8 GEnx Jun-12 9 Kenya Airways Pre Delivery Payment| Loan/Finance/Refinanced Afriexim Bank

787-8 GEnx Jul-12 1 Ethiopian Airlines Loan/Finance/Refinanced ING Bank| Emerging Africa Infrastructure Fund| Infrastructure Crisis Facility Debt Pool| The Netherlands Development Finance Company

787-8 Trent Aug-12 1 LAN Airlines Finance Lease Fragata Leasing

787-8 GEnx Sep-12 3 Continental Airlines Capital Markets

787-8 GEnx Oct-12 1 Operating Lease - Sale and Lease Back Qatar Aviation Lease Qatar Airways

787-8 GEnx Oct-12 1 Air India Loan/Finance/Refinanced Boeing Capital

787-8 Trent Oct-12 2 LAN Airlines Finance Lease Helaba Landesbank Hessen Thuringen

787-8 GEnx Nov-12 4 Ethiopian Airlines Capital Markets

787-8 Trent Nov-12 5 LOT Polish Airlines ECA / EXIM Nippon Export and Investment Insurance| Apple Bank

787-8 Trent Dec-12 2 Norwegian Pre Delivery Payment DVB Bank

787-9 TBC Apr-12 8 Purchase - Lease Attached Air Lease Corporation Vietnam Aircraft Leasing

A318-100 CFM56 Jan-12 1 Air France Tax Lease Credit Agricole Corporate and Investment Bank Credit Agricole Corporate and Investment Bank

A318-100 PW6000 Aug-12 1 Purchase Avianca (Brazil) LAN Airlines

A318-100 PW6000 Oct-12 4 Purchase Airbus Asset Management LAN Airlines

A318-100 CFM56 Nov-12 1 Air France Tax Lease ING Bank

A319-100 CFM56 Jan-12 2 Purchase - Lease Attached China World Aviation Leasing GECAS

A319-100 CFM56 Jan-12 2 ILFC Capital Markets

A319-100 CFM56 Feb-12 2 Purchase China United Airlines China Aviation Supplies

A319-100 V2500 Feb-12 2 Purchase - Lease Attached AWAS GECAS

A319-100 V2500 Feb-12 2 AWAS Loan/Finance/Refinanced NordLB| Wells Fargo Bank

A319-100 CFM56 Feb-12 1 China Southern Airlines Loan/Finance/Refinanced Bank of China

A319-100 V2500 Mar-12 2 Purchase GECAS Asset Management Services Cyprus Airways

A319-100 V2500 Mar-12 2 Purchase - Lease Attached ICBC Leasing RBS Aviation Capital

A319-100 CFM56 Mar-12 1 Germania Loan/Finance/Refinanced Helaba Landesbank Hessen Thuringen

A319-100 CFM56 Mar-12 1 LAN Airlines ECA / EXIM Mitsubishi UFJ Financial Group

A319-100 CFM56 Apr-12 1 Avianca ECA / EXIM Natixis

A319-100 V2500 Apr-12 2 ILFC Capital Markets

A319-100 CFM56 May-12 1 Operating Lease - Sale and Lease Back CDB Leasing Alitalia

A319-100 CFM56 May-12 1 Sky Airline Tax Lease NBB Flex

A319-100 CFM56 Jun-12 2 Operating Lease - Sale and Lease Back BoCom Leasing China Eastern Airlines

A319-100 CFM56 Jun-12 2 Operating Lease - Sale and Lease Back MC Aviation Partners/Mitsubishi Corporation Germania

A319-100 CFM56 Jun-12 1 Purchase - Lease Attached ORIX Aviation Aircraft Purchase Fleet

A319-100 V2500 Jun-12 1 Operating Lease - Sale and Lease Back BoCom Leasing China Eastern Airlines

A319-100 CFM56 Jun-12 1 China Eastern Airlines Finance Lease CMB Financial Leasing

A319-100 V2500 Jun-12 1 China Eastern Airlines Finance Lease CMB Financial Leasing

A319-100 CFM56 Jun-12 9 Delta Air Lines Capital Markets

A319-100 CFM56 Jun-12 3 Volito Aviation Services Loan/Finance/Refinanced GE Japan

A319-100 CFM56 Jun-12 2 Volito Aviation Services Loan/Finance/Refinanced NordLB

A319-100 V2500 Jun-12 2 Volito Aviation Services Loan/Finance/Refinanced GE Japan

A319-100 CFM56 Jul-12 1 Purchase - Lease Attached ICBC Leasing SMBC Aviation Capital

A319-100 CFM56 Jul-12 1 Sky Airline Tax Lease NBB Elm

A319-100 V2500 Aug-12 1 Hainan Airlines ECA / EXIM China Exim Bank

A319-100 V2500 Aug-12 1 Sichuan Airlines Loan/Finance/Refinanced China Development Bank

A319-100 TBC Sep-12 4 CDB Leasing Loan/Finance/Refinanced DVB Bank

A319-100 V2500 Sep-12 1 TACA International Airlines ECA / EXIM JP Morgan Chase Bank

A319-100 V2500 Sep-12 4 TAM Linhas Aereas Loan/Finance/Refinanced CIC Bank

A319-100 CFM56 Oct-12 1 Operating Lease - Sale and Lease Back CCB Financial Leasing China Eastern Airlines

A319-100 CFM56 Nov-12 1 Air France Tax Lease ING Bank

A319-100 CFM56 Dec-12 1 Purchase - Lease Attached Apollo Aviation Group Macquarie AirFinance

A319-100 V2500 Dec-12 2 Archway Aviation Loan/Finance/Refinanced Frost Bank

A319-100 CFM56 Dec-12 5 DAE Capital Loan/Finance/Refinanced DVB Bank| PK AirFinance

A319-100 V2500 Dec-12 2 Hainan Airlines Finance Lease Agricultural Bank of China

Page 55: Aircraft finance report 2013

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AircrAft finAnce 2013

aircrafT finance deals announced in 2012

aircraft model engine type Month Number of aircraft

customer Deal structure arrangers Debt provider equity providers buyer Seller

777-300ER GE90 Dec-12 1 Korean Air ECA / EXIM Citibank

787-8 GEnx Mar-12 4 Continental Airlines Capital Markets

787-8 TBC Apr-12 4 Operating Lease - Sale and Lease Back VTB-Leasing Transaero Airlines

787-8 Trent Apr-12 1 Purchase Undisclosed Bank / Broker / Lessor AWAS

787-8 GEnx Apr-12 2 Air India Loan/Finance/Refinanced Standard Chartered Bank Standard Chartered Bank

787-8 GEnx Jun-12 9 Kenya Airways Pre Delivery Payment| Loan/Finance/Refinanced Afriexim Bank

787-8 GEnx Jul-12 1 Ethiopian Airlines Loan/Finance/Refinanced ING Bank| Emerging Africa Infrastructure Fund| Infrastructure Crisis Facility Debt Pool| The Netherlands Development Finance Company

787-8 Trent Aug-12 1 LAN Airlines Finance Lease Fragata Leasing

787-8 GEnx Sep-12 3 Continental Airlines Capital Markets

787-8 GEnx Oct-12 1 Operating Lease - Sale and Lease Back Qatar Aviation Lease Qatar Airways

787-8 GEnx Oct-12 1 Air India Loan/Finance/Refinanced Boeing Capital

787-8 Trent Oct-12 2 LAN Airlines Finance Lease Helaba Landesbank Hessen Thuringen

787-8 GEnx Nov-12 4 Ethiopian Airlines Capital Markets

787-8 Trent Nov-12 5 LOT Polish Airlines ECA / EXIM Nippon Export and Investment Insurance| Apple Bank

787-8 Trent Dec-12 2 Norwegian Pre Delivery Payment DVB Bank

787-9 TBC Apr-12 8 Purchase - Lease Attached Air Lease Corporation Vietnam Aircraft Leasing

A318-100 CFM56 Jan-12 1 Air France Tax Lease Credit Agricole Corporate and Investment Bank Credit Agricole Corporate and Investment Bank

A318-100 PW6000 Aug-12 1 Purchase Avianca (Brazil) LAN Airlines

A318-100 PW6000 Oct-12 4 Purchase Airbus Asset Management LAN Airlines

A318-100 CFM56 Nov-12 1 Air France Tax Lease ING Bank

A319-100 CFM56 Jan-12 2 Purchase - Lease Attached China World Aviation Leasing GECAS

A319-100 CFM56 Jan-12 2 ILFC Capital Markets

A319-100 CFM56 Feb-12 2 Purchase China United Airlines China Aviation Supplies

A319-100 V2500 Feb-12 2 Purchase - Lease Attached AWAS GECAS

A319-100 V2500 Feb-12 2 AWAS Loan/Finance/Refinanced NordLB| Wells Fargo Bank

A319-100 CFM56 Feb-12 1 China Southern Airlines Loan/Finance/Refinanced Bank of China

A319-100 V2500 Mar-12 2 Purchase GECAS Asset Management Services Cyprus Airways

A319-100 V2500 Mar-12 2 Purchase - Lease Attached ICBC Leasing RBS Aviation Capital

A319-100 CFM56 Mar-12 1 Germania Loan/Finance/Refinanced Helaba Landesbank Hessen Thuringen

A319-100 CFM56 Mar-12 1 LAN Airlines ECA / EXIM Mitsubishi UFJ Financial Group

A319-100 CFM56 Apr-12 1 Avianca ECA / EXIM Natixis

A319-100 V2500 Apr-12 2 ILFC Capital Markets

A319-100 CFM56 May-12 1 Operating Lease - Sale and Lease Back CDB Leasing Alitalia

A319-100 CFM56 May-12 1 Sky Airline Tax Lease NBB Flex

A319-100 CFM56 Jun-12 2 Operating Lease - Sale and Lease Back BoCom Leasing China Eastern Airlines

A319-100 CFM56 Jun-12 2 Operating Lease - Sale and Lease Back MC Aviation Partners/Mitsubishi Corporation Germania

A319-100 CFM56 Jun-12 1 Purchase - Lease Attached ORIX Aviation Aircraft Purchase Fleet

A319-100 V2500 Jun-12 1 Operating Lease - Sale and Lease Back BoCom Leasing China Eastern Airlines

A319-100 CFM56 Jun-12 1 China Eastern Airlines Finance Lease CMB Financial Leasing

A319-100 V2500 Jun-12 1 China Eastern Airlines Finance Lease CMB Financial Leasing

A319-100 CFM56 Jun-12 9 Delta Air Lines Capital Markets

A319-100 CFM56 Jun-12 3 Volito Aviation Services Loan/Finance/Refinanced GE Japan

A319-100 CFM56 Jun-12 2 Volito Aviation Services Loan/Finance/Refinanced NordLB

A319-100 V2500 Jun-12 2 Volito Aviation Services Loan/Finance/Refinanced GE Japan

A319-100 CFM56 Jul-12 1 Purchase - Lease Attached ICBC Leasing SMBC Aviation Capital

A319-100 CFM56 Jul-12 1 Sky Airline Tax Lease NBB Elm

A319-100 V2500 Aug-12 1 Hainan Airlines ECA / EXIM China Exim Bank

A319-100 V2500 Aug-12 1 Sichuan Airlines Loan/Finance/Refinanced China Development Bank

A319-100 TBC Sep-12 4 CDB Leasing Loan/Finance/Refinanced DVB Bank

A319-100 V2500 Sep-12 1 TACA International Airlines ECA / EXIM JP Morgan Chase Bank

A319-100 V2500 Sep-12 4 TAM Linhas Aereas Loan/Finance/Refinanced CIC Bank

A319-100 CFM56 Oct-12 1 Operating Lease - Sale and Lease Back CCB Financial Leasing China Eastern Airlines

A319-100 CFM56 Nov-12 1 Air France Tax Lease ING Bank

A319-100 CFM56 Dec-12 1 Purchase - Lease Attached Apollo Aviation Group Macquarie AirFinance

A319-100 V2500 Dec-12 2 Archway Aviation Loan/Finance/Refinanced Frost Bank

A319-100 CFM56 Dec-12 5 DAE Capital Loan/Finance/Refinanced DVB Bank| PK AirFinance

A319-100 V2500 Dec-12 2 Hainan Airlines Finance Lease Agricultural Bank of China

Page 56: Aircraft finance report 2013

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aircrafT finance deals announced in 2012

aircraft model engine type Month Number of aircraft

customer Deal structure arrangers Debt provider equity providers buyer Seller

A320-200 CFM56 Jan-12 1 Operating Lease - Sale and Lease Back GECAS GoAir

A320-200 CFM56 Jan-12 1 Purchase Intertrade CIT Aerospace

A320-200 CFM56 Jan-12 1 Purchase Santos Dumont Aircraft Management GOAL German Operating Aircraft Leasing

A320-200 CFM56 Jan-12 1 Purchase SouthJet Two Wallis Trading

A320-200 CFM56 Jan-12 2 Purchase - Lease Attached China World Aviation GECAS

A320-200 CFM56 Jan-12 4 Purchase - Lease Attached ORIX Aviation GECAS

A320-200 V2500 Jan-12 2 Operating Lease - Sale and Lease Back Pembroke Group Tiger Airways

A320-200 V2500 Jan-12 1 Purchase Aeronautics Fund ACAP 2005-3 ABS Portfolio

A320-200 CFM56 Jan-12 1 Air China Tax Lease| Loan/Finance/Refinanced Credit Agricole Corporate and Investment Bank

A320-200 CFM56 Jan-12 1 Avolon Aerospace Leasing Loan/Finance/Refinanced KfW IPEX-Bank| BNP Paribas| Credit Agricole Corporate and Investment Bank| Deutsche Bank | UBS

A320-200 V2500 Jan-12 1 Avolon Aerospace Leasing Loan/Finance/Refinanced Wells Fargo Bank

A320-200 CFM56 Jan-12 7 Cebu Pacific Air Pre Delivery Payment Citibank| BDO Unibank

A320-200 CFM56 Jan-12 1 China Aircraft Leasing ECA / EXIM China Exim Bank

A320-200 V2500 Jan-12 1 Hainan Airlines Finance Lease China Development Bank| Changjiang Leasing

A320-200 CFM56 Jan-12 1 ICBC Leasing Loan/Finance/Refinanced DVB Bank

A320-200 CFM56 Jan-12 6 ILFC Capital Markets

A320-200 V2500 Jan-12 2 ILFC Capital Markets

A320-200 V2500 Jan-12 1 Middle East Airlines Loan/Finance/Refinanced Bank Audi

A320-200 CFM56 Jan-12 1 Spring Airlines ECA / EXIM China Exim Bank

A320-200 CFM56 Jan-12 1 Spring Airlines Finance Lease CMB Financial Leasing| Bank of China

A320-200 CFM56 Jan-12 1 Spring Airlines Finance Lease NordLB| Standard Chartered Bank NordLB| Standard Chartered Bank

A320-200 CFM56 Feb-12 1 Purchase - Lease Attached Aircastle Advisor PALS 2001-1 ABS Portfolio

A320-200 CFM56 Feb-12 5 Purchase - Lease Attached AWAS GECAS

A320-200 CFM56 Feb-12 1 Avolon Aerospace Leasing ECA / EXIM Helaba Landesbank Hessen Thuringen

A320-200 V2500 Feb-12 3 Avolon Aerospace Leasing ECA / EXIM Helaba Landesbank Hessen Thuringen

A320-200 CFM56 Feb-12 2 AWAS ECA / EXIM| Tax Lease KfW IPEX-Bank

A320-200 CFM56 Feb-12 1 AWAS Loan/Finance/Refinanced Undisclosed Bank / Broker / Lessor

A320-200 TBC Feb-12 5 AWAS Loan/Finance/Refinanced NordLB| Wells Fargo Bank

A320-200 V2500 Feb-12 3 AWAS ECA / EXIM| Tax Lease KfW IPEX-Bank

A320-200 V2500 Feb-12 1 Comtran International Loan/Finance/Refinanced International Bank of Commerce

A320-200 CFM56 Mar-12 2 Operating Lease - Sale and Lease Back Bank of America Leasing & Capital Easyjet

A320-200 CFM56 Mar-12 1 Purchase GA Telesis AFT 1999-1 ABS Portfolio

A320-200 CFM56 Mar-12 1 Purchase GA Telesis AIRPT 2001-1 ABS Portfolio

A320-200 CFM56 Mar-12 1 Purchase Infinity Trading & Solutions GA Telesis

A320-200 CFM56 Mar-12 1 Purchase Sargent Avborne GA Telesis

A320-200 V2500 Mar-12 5 Operating Lease - Sale and Lease Back MC Aviation Partners/Mitsubishi Corporation Tiger Airways

A320-200 CFM56 Mar-12 4 Air China ECA / EXIM JP Morgan Chase Bank

A320-200 TBC Mar-12 7 AWAS Pre Delivery Payment Natixis Natixis

A320-200 V2500 Mar-12 1 BOC Aviation Loan/Finance/Refinanced KfW IPEX-Bank

A320-200 CFM56 Mar-12 4 China Eastern Airlines Tax Lease Commerzbank Yamasa Lease

A320-200 CFM56 Mar-12 4 Delta Air Lines Loan/Finance/Refinanced JP Morgan Chase Bank

A320-200 CFM56 Mar-12 2 Easyjet Operating Lease - Sale and Lease Back Commonwealth Bank of Australia

A320-200 CFM56 Mar-12 4 Easyjet Tax Lease Santander

A320-200 V2500 Mar-12 1 Jackson Square Aviation Loan/Finance/Refinanced NordLB| Unicredit

A320-200 V2500 Mar-12 1 Jackson Square Aviation Loan/Finance/Refinanced KfW IPEX-Bank| DVB Bank| Credit Agricole Corporate and Investment Bank| BNP Paribas

A320-200 V2500 Mar-12 1 Qantas Tax Lease Credit Agricole Corporate and Investment Bank

A320-200 V2500 Mar-12 2 South African Airways Loan/Finance/Refinanced Commonwealth Bank of Australia

A320-200 CFM56 Mar-12 3 Spring Airlines Loan/Finance/Refinanced China Development Bank

A320-200 CFM56 Mar-12 2 TAM Linhas Aereas Tax Lease Natixis Natixis Nomura Babcock & Brown

A320-200 CFM56 Apr-12 1 Operating Lease - Sale and Lease Back GECAS Air France

A320-200 CFM56 Apr-12 2 Operating Lease - Sale and Lease Back MC Aviation Partners/Mitsubishi Corporation Gulf Air

A320-200 CFM56 Apr-12 2 Operating Lease - Sale and Lease Back MC Aviation Partners/Mitsubishi Corporation Niki

A320-200 CFM56 Apr-12 1 Purchase Air Salvage International RPK Capital Management Group

A320-200 CFM56 Apr-12 1 Purchase Avion Capital Partners AERLS 2007-1 ABS Portfolio

A320-200 CFM56 Apr-12 1 Purchase FL Technics (Lithuania) AERCO 2000-1 ABS Portfolio

A320-200 V2500 Apr-12 6 Operating Lease - Sale and Lease Back Century Tokyo Leasing Jetstar Japan

A320-200 V2500 Apr-12 1 Purchase Interjet Aviation Capital Group

Page 57: Aircraft finance report 2013

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AircrAft finAnce 2013

aircrafT finance deals announced in 2012

aircraft model engine type Month Number of aircraft

customer Deal structure arrangers Debt provider equity providers buyer Seller

A320-200 CFM56 Jan-12 1 Operating Lease - Sale and Lease Back GECAS GoAir

A320-200 CFM56 Jan-12 1 Purchase Intertrade CIT Aerospace

A320-200 CFM56 Jan-12 1 Purchase Santos Dumont Aircraft Management GOAL German Operating Aircraft Leasing

A320-200 CFM56 Jan-12 1 Purchase SouthJet Two Wallis Trading

A320-200 CFM56 Jan-12 2 Purchase - Lease Attached China World Aviation GECAS

A320-200 CFM56 Jan-12 4 Purchase - Lease Attached ORIX Aviation GECAS

A320-200 V2500 Jan-12 2 Operating Lease - Sale and Lease Back Pembroke Group Tiger Airways

A320-200 V2500 Jan-12 1 Purchase Aeronautics Fund ACAP 2005-3 ABS Portfolio

A320-200 CFM56 Jan-12 1 Air China Tax Lease| Loan/Finance/Refinanced Credit Agricole Corporate and Investment Bank

A320-200 CFM56 Jan-12 1 Avolon Aerospace Leasing Loan/Finance/Refinanced KfW IPEX-Bank| BNP Paribas| Credit Agricole Corporate and Investment Bank| Deutsche Bank | UBS

A320-200 V2500 Jan-12 1 Avolon Aerospace Leasing Loan/Finance/Refinanced Wells Fargo Bank

A320-200 CFM56 Jan-12 7 Cebu Pacific Air Pre Delivery Payment Citibank| BDO Unibank

A320-200 CFM56 Jan-12 1 China Aircraft Leasing ECA / EXIM China Exim Bank

A320-200 V2500 Jan-12 1 Hainan Airlines Finance Lease China Development Bank| Changjiang Leasing

A320-200 CFM56 Jan-12 1 ICBC Leasing Loan/Finance/Refinanced DVB Bank

A320-200 CFM56 Jan-12 6 ILFC Capital Markets

A320-200 V2500 Jan-12 2 ILFC Capital Markets

A320-200 V2500 Jan-12 1 Middle East Airlines Loan/Finance/Refinanced Bank Audi

A320-200 CFM56 Jan-12 1 Spring Airlines ECA / EXIM China Exim Bank

A320-200 CFM56 Jan-12 1 Spring Airlines Finance Lease CMB Financial Leasing| Bank of China

A320-200 CFM56 Jan-12 1 Spring Airlines Finance Lease NordLB| Standard Chartered Bank NordLB| Standard Chartered Bank

A320-200 CFM56 Feb-12 1 Purchase - Lease Attached Aircastle Advisor PALS 2001-1 ABS Portfolio

A320-200 CFM56 Feb-12 5 Purchase - Lease Attached AWAS GECAS

A320-200 CFM56 Feb-12 1 Avolon Aerospace Leasing ECA / EXIM Helaba Landesbank Hessen Thuringen

A320-200 V2500 Feb-12 3 Avolon Aerospace Leasing ECA / EXIM Helaba Landesbank Hessen Thuringen

A320-200 CFM56 Feb-12 2 AWAS ECA / EXIM| Tax Lease KfW IPEX-Bank

A320-200 CFM56 Feb-12 1 AWAS Loan/Finance/Refinanced Undisclosed Bank / Broker / Lessor

A320-200 TBC Feb-12 5 AWAS Loan/Finance/Refinanced NordLB| Wells Fargo Bank

A320-200 V2500 Feb-12 3 AWAS ECA / EXIM| Tax Lease KfW IPEX-Bank

A320-200 V2500 Feb-12 1 Comtran International Loan/Finance/Refinanced International Bank of Commerce

A320-200 CFM56 Mar-12 2 Operating Lease - Sale and Lease Back Bank of America Leasing & Capital Easyjet

A320-200 CFM56 Mar-12 1 Purchase GA Telesis AFT 1999-1 ABS Portfolio

A320-200 CFM56 Mar-12 1 Purchase GA Telesis AIRPT 2001-1 ABS Portfolio

A320-200 CFM56 Mar-12 1 Purchase Infinity Trading & Solutions GA Telesis

A320-200 CFM56 Mar-12 1 Purchase Sargent Avborne GA Telesis

A320-200 V2500 Mar-12 5 Operating Lease - Sale and Lease Back MC Aviation Partners/Mitsubishi Corporation Tiger Airways

A320-200 CFM56 Mar-12 4 Air China ECA / EXIM JP Morgan Chase Bank

A320-200 TBC Mar-12 7 AWAS Pre Delivery Payment Natixis Natixis

A320-200 V2500 Mar-12 1 BOC Aviation Loan/Finance/Refinanced KfW IPEX-Bank

A320-200 CFM56 Mar-12 4 China Eastern Airlines Tax Lease Commerzbank Yamasa Lease

A320-200 CFM56 Mar-12 4 Delta Air Lines Loan/Finance/Refinanced JP Morgan Chase Bank

A320-200 CFM56 Mar-12 2 Easyjet Operating Lease - Sale and Lease Back Commonwealth Bank of Australia

A320-200 CFM56 Mar-12 4 Easyjet Tax Lease Santander

A320-200 V2500 Mar-12 1 Jackson Square Aviation Loan/Finance/Refinanced NordLB| Unicredit

A320-200 V2500 Mar-12 1 Jackson Square Aviation Loan/Finance/Refinanced KfW IPEX-Bank| DVB Bank| Credit Agricole Corporate and Investment Bank| BNP Paribas

A320-200 V2500 Mar-12 1 Qantas Tax Lease Credit Agricole Corporate and Investment Bank

A320-200 V2500 Mar-12 2 South African Airways Loan/Finance/Refinanced Commonwealth Bank of Australia

A320-200 CFM56 Mar-12 3 Spring Airlines Loan/Finance/Refinanced China Development Bank

A320-200 CFM56 Mar-12 2 TAM Linhas Aereas Tax Lease Natixis Natixis Nomura Babcock & Brown

A320-200 CFM56 Apr-12 1 Operating Lease - Sale and Lease Back GECAS Air France

A320-200 CFM56 Apr-12 2 Operating Lease - Sale and Lease Back MC Aviation Partners/Mitsubishi Corporation Gulf Air

A320-200 CFM56 Apr-12 2 Operating Lease - Sale and Lease Back MC Aviation Partners/Mitsubishi Corporation Niki

A320-200 CFM56 Apr-12 1 Purchase Air Salvage International RPK Capital Management Group

A320-200 CFM56 Apr-12 1 Purchase Avion Capital Partners AERLS 2007-1 ABS Portfolio

A320-200 CFM56 Apr-12 1 Purchase FL Technics (Lithuania) AERCO 2000-1 ABS Portfolio

A320-200 V2500 Apr-12 6 Operating Lease - Sale and Lease Back Century Tokyo Leasing Jetstar Japan

A320-200 V2500 Apr-12 1 Purchase Interjet Aviation Capital Group

Page 58: Aircraft finance report 2013

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aircrafT finance deals announced in 2012

aircraft model engine type Month Number of aircraft

customer Deal structure arrangers Debt provider equity providers buyer Seller

A320-200 CFM56 Apr-12 2 Air Arabia Loan/Finance/Refinanced Sumitomo Mitsui Banking (SMBC)

A320-200 CFM56 Apr-12 1 Avolon Aerospace Leasing Loan/Finance/Refinanced KfW IPEX-Bank| Credit Agricole Corporate and Investment Bank| BNP Paribas| Deutsche Bank | UBS

A320-200 V2500 Apr-12 1 Avolon Aerospace Leasing Loan/Finance/Refinanced KfW IPEX-Bank| BNP Paribas| Credit Agricole Corporate and Investment Bank| Deutsche Bank | UBS

A320-200 CFM56 Apr-12 1 AWAS Loan/Finance/Refinanced BNP Paribas

A320-200 CFM56 Apr-12 2 BOC Aviation Loan/Finance/Refinanced DVB Bank

A320-200 V2500 Apr-12 3 BOC Aviation Loan/Finance/Refinanced DVB Bank

A320-200 CFM56 Apr-12 4 CSA Czech Airlines Tax Lease| ECA / EXIM CIC Bank| Credit Agricole Corporate and Investment Bank

A320-200 V2500 Apr-12 1 Hainan Airlines Finance Lease China Development Bank| Changjiang Leasing

A320-200 CFM56 Apr-12 2 ILFC Capital Markets

A320-200 V2500 Apr-12 2 ILFC Capital Markets

A320-200 V2500 Apr-12 1 TACA International Airlines Loan/Finance/Refinanced Undisclosed Bank / Broker / Lessor

A320-200 CFM56 May-12 1 Operating Lease - Sale and Lease Back Chishima Real Estate Air France

A320-200 CFM56 May-12 1 Purchase - Lease Attached Plane Business Leasing AerCap

A320-200 V2500 May-12 1 Operating Lease - Sale and Lease Back BoCom Leasing Shenzhen Airlines

A320-200 V2500 May-12 1 Operating Lease - Sale and Lease Back GECAS Spirit Airlines

A320-200 V2500 May-12 2 Purchase Gomera Trading AWAS

A320-200 CFM56 May-12 2 Air Arabia ECA / EXIM Standard Chartered Bank

A320-200 CFM56 May-12 1 Air China Tax Lease BNP Paribas| Sumitomo Mitsui Banking (SMBC) BNP Paribas

A320-200 V2500 May-12 1 Air China Tax Lease BNP Paribas| Sumitomo Mitsui Banking (SMBC) BNP Paribas

A320-200 V2500 May-12 1 BoCom Leasing Loan/Finance/Refinanced Unconfirmed Chinese Bank

A320-200 CFM56 May-12 1 China Eastern Airlines Loan/Finance/Refinanced Bank of China

A320-200 CFM56 May-12 2 Interjet ECA / EXIM Credit Agricole Corporate and Investment Bank| Credit Suisse

A320-200 V2500 May-12 1 Sichuan Airlines ECA / EXIM China Exim Bank

A320-200 CFM56 Jun-12 1 Purchase Aeronautics Fund Macquarie AirFinance

A320-200 CFM56 Jun-12 1 Purchase ILFC Air Salvage International

A320-200 CFM56 Jun-12 2 Purchase ILFC Mitsui Sumitomo Trust Panasonic Finance

A320-200 CFM56 Jun-12 1 Purchase Jordan Aviation FG Wing Leasing

A320-200 CFM56 Jun-12 1 Purchase Undisclosed Bank / Broker / Lessor ILFC

A320-200 CFM56 Jun-12 2 Purchase - Lease Attached Airfleet Credit FLY Leasing

A320-200 V2500 Jun-12 2 Operating Lease - Sale and Lease Back JJJ1 Jetstar Japan

A320-200 CFM56 Jun-12 1 AerCap Loan/Finance/Refinanced Undisclosed Bank / Broker / Lessor

A320-200 CFM56 Jun-12 4 Air Arabia ECA / EXIM KfW IPEX-Bank

A320-200 CFM56 Jun-12 2 Air Arabia Finance Lease KfW IPEX-Bank

A320-200 CFM56 Jun-12 1 AirAsia Loan/Finance/Refinanced Credit Agricole Corporate and Investment Bank Credit Agricole Corporate and Investment Bank| Tokyo Star Bank

A320-200 V2500 Jun-12 1 Aviation Capital Group Loan/Finance/Refinanced BNP Paribas

A320-200 V2500 Jun-12 1 Avolon Aerospace Leasing Loan/Finance/Refinanced Commonwealth Bank of Australia

A320-200 V2500 Jun-12 1 Avolon Aerospace Leasing Loan/Finance/Refinanced Undisclosed Bank / Broker / Lessor

A320-200 CFM56 Jun-12 1 AWAS Capital Markets

A320-200 CFM56 Jun-12 1 AWAS Loan/Finance/Refinanced Helaba Landesbank Hessen Thuringen

A320-200 TBC Jun-12 8 AWAS ECA / EXIM KfW IPEX-Bank

A320-200 TBC Jun-12 20 AWAS Pre Delivery Payment Investec Bank Investec Bank

A320-200 V2500 Jun-12 1 AWAS Capital Markets

A320-200 V2500 Jun-12 1 China Southern Airlines ECA / EXIM| Tax Lease Credit Agricole Corporate and Investment Bank CIC Bank| Sumitomo Mitsui Banking (SMBC)

A320-200 CFM56 Jun-12 2 China World Aviation Leasing Loan/Finance/Refinanced GE Japan

A320-200 CFM56 Jun-12 3 CIT Aerospace ECA / EXIM Undisclosed Bank / Broker / Lessor

A320-200 CFM56 Jun-12 7 Delta Air Lines Capital Markets

A320-200 V2500 Jun-12 2 Jackson Square Aviation ECA / EXIM Credit Agricole Corporate and Investment Bank Credit Agricole Corporate and Investment Bank

A320-200 CFM56 Jun-12 1 Jazeera Airways ECA / EXIM Natixis Gulf Bank

A320-200 V2500 Jun-12 2 JetBlue Airways Capital Markets

A320-200 V2500 Jun-12 1 JetBlue Airways Loan/Finance/Refinanced CIC Bank

A320-200 V2500 Jun-12 2 Shenzhen Airlines Loan/Finance/Refinanced China Development Bank

A320-200 CFM56 Jun-12 2 TAM Linhas Aereas ECA / EXIM HSBC Bank

A320-200 V2500 Jun-12 2 Volito Aviation Services Loan/Finance/Refinanced GE Japan

A320-200 CFM56 Jul-12 1 Operating Lease - Sale and Lease Back Deucalion Aviation Funds Monarch Airlines

A320-200 CFM56 Jul-12 1 Operating Lease - Sale and Lease Back GECAS GoAir

A320-200 V2500 Jul-12 3 Operating Lease - Sale and Lease Back CDB Leasing IndiGo

A320-200 V2500 Jul-12 6 Operating Lease - Sale and Lease Back GECAS Jetstar Japan

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aircrafT finance deals announced in 2012

aircraft model engine type Month Number of aircraft

customer Deal structure arrangers Debt provider equity providers buyer Seller

A320-200 CFM56 Apr-12 2 Air Arabia Loan/Finance/Refinanced Sumitomo Mitsui Banking (SMBC)

A320-200 CFM56 Apr-12 1 Avolon Aerospace Leasing Loan/Finance/Refinanced KfW IPEX-Bank| Credit Agricole Corporate and Investment Bank| BNP Paribas| Deutsche Bank | UBS

A320-200 V2500 Apr-12 1 Avolon Aerospace Leasing Loan/Finance/Refinanced KfW IPEX-Bank| BNP Paribas| Credit Agricole Corporate and Investment Bank| Deutsche Bank | UBS

A320-200 CFM56 Apr-12 1 AWAS Loan/Finance/Refinanced BNP Paribas

A320-200 CFM56 Apr-12 2 BOC Aviation Loan/Finance/Refinanced DVB Bank

A320-200 V2500 Apr-12 3 BOC Aviation Loan/Finance/Refinanced DVB Bank

A320-200 CFM56 Apr-12 4 CSA Czech Airlines Tax Lease| ECA / EXIM CIC Bank| Credit Agricole Corporate and Investment Bank

A320-200 V2500 Apr-12 1 Hainan Airlines Finance Lease China Development Bank| Changjiang Leasing

A320-200 CFM56 Apr-12 2 ILFC Capital Markets

A320-200 V2500 Apr-12 2 ILFC Capital Markets

A320-200 V2500 Apr-12 1 TACA International Airlines Loan/Finance/Refinanced Undisclosed Bank / Broker / Lessor

A320-200 CFM56 May-12 1 Operating Lease - Sale and Lease Back Chishima Real Estate Air France

A320-200 CFM56 May-12 1 Purchase - Lease Attached Plane Business Leasing AerCap

A320-200 V2500 May-12 1 Operating Lease - Sale and Lease Back BoCom Leasing Shenzhen Airlines

A320-200 V2500 May-12 1 Operating Lease - Sale and Lease Back GECAS Spirit Airlines

A320-200 V2500 May-12 2 Purchase Gomera Trading AWAS

A320-200 CFM56 May-12 2 Air Arabia ECA / EXIM Standard Chartered Bank

A320-200 CFM56 May-12 1 Air China Tax Lease BNP Paribas| Sumitomo Mitsui Banking (SMBC) BNP Paribas

A320-200 V2500 May-12 1 Air China Tax Lease BNP Paribas| Sumitomo Mitsui Banking (SMBC) BNP Paribas

A320-200 V2500 May-12 1 BoCom Leasing Loan/Finance/Refinanced Unconfirmed Chinese Bank

A320-200 CFM56 May-12 1 China Eastern Airlines Loan/Finance/Refinanced Bank of China

A320-200 CFM56 May-12 2 Interjet ECA / EXIM Credit Agricole Corporate and Investment Bank| Credit Suisse

A320-200 V2500 May-12 1 Sichuan Airlines ECA / EXIM China Exim Bank

A320-200 CFM56 Jun-12 1 Purchase Aeronautics Fund Macquarie AirFinance

A320-200 CFM56 Jun-12 1 Purchase ILFC Air Salvage International

A320-200 CFM56 Jun-12 2 Purchase ILFC Mitsui Sumitomo Trust Panasonic Finance

A320-200 CFM56 Jun-12 1 Purchase Jordan Aviation FG Wing Leasing

A320-200 CFM56 Jun-12 1 Purchase Undisclosed Bank / Broker / Lessor ILFC

A320-200 CFM56 Jun-12 2 Purchase - Lease Attached Airfleet Credit FLY Leasing

A320-200 V2500 Jun-12 2 Operating Lease - Sale and Lease Back JJJ1 Jetstar Japan

A320-200 CFM56 Jun-12 1 AerCap Loan/Finance/Refinanced Undisclosed Bank / Broker / Lessor

A320-200 CFM56 Jun-12 4 Air Arabia ECA / EXIM KfW IPEX-Bank

A320-200 CFM56 Jun-12 2 Air Arabia Finance Lease KfW IPEX-Bank

A320-200 CFM56 Jun-12 1 AirAsia Loan/Finance/Refinanced Credit Agricole Corporate and Investment Bank Credit Agricole Corporate and Investment Bank| Tokyo Star Bank

A320-200 V2500 Jun-12 1 Aviation Capital Group Loan/Finance/Refinanced BNP Paribas

A320-200 V2500 Jun-12 1 Avolon Aerospace Leasing Loan/Finance/Refinanced Commonwealth Bank of Australia

A320-200 V2500 Jun-12 1 Avolon Aerospace Leasing Loan/Finance/Refinanced Undisclosed Bank / Broker / Lessor

A320-200 CFM56 Jun-12 1 AWAS Capital Markets

A320-200 CFM56 Jun-12 1 AWAS Loan/Finance/Refinanced Helaba Landesbank Hessen Thuringen

A320-200 TBC Jun-12 8 AWAS ECA / EXIM KfW IPEX-Bank

A320-200 TBC Jun-12 20 AWAS Pre Delivery Payment Investec Bank Investec Bank

A320-200 V2500 Jun-12 1 AWAS Capital Markets

A320-200 V2500 Jun-12 1 China Southern Airlines ECA / EXIM| Tax Lease Credit Agricole Corporate and Investment Bank CIC Bank| Sumitomo Mitsui Banking (SMBC)

A320-200 CFM56 Jun-12 2 China World Aviation Leasing Loan/Finance/Refinanced GE Japan

A320-200 CFM56 Jun-12 3 CIT Aerospace ECA / EXIM Undisclosed Bank / Broker / Lessor

A320-200 CFM56 Jun-12 7 Delta Air Lines Capital Markets

A320-200 V2500 Jun-12 2 Jackson Square Aviation ECA / EXIM Credit Agricole Corporate and Investment Bank Credit Agricole Corporate and Investment Bank

A320-200 CFM56 Jun-12 1 Jazeera Airways ECA / EXIM Natixis Gulf Bank

A320-200 V2500 Jun-12 2 JetBlue Airways Capital Markets

A320-200 V2500 Jun-12 1 JetBlue Airways Loan/Finance/Refinanced CIC Bank

A320-200 V2500 Jun-12 2 Shenzhen Airlines Loan/Finance/Refinanced China Development Bank

A320-200 CFM56 Jun-12 2 TAM Linhas Aereas ECA / EXIM HSBC Bank

A320-200 V2500 Jun-12 2 Volito Aviation Services Loan/Finance/Refinanced GE Japan

A320-200 CFM56 Jul-12 1 Operating Lease - Sale and Lease Back Deucalion Aviation Funds Monarch Airlines

A320-200 CFM56 Jul-12 1 Operating Lease - Sale and Lease Back GECAS GoAir

A320-200 V2500 Jul-12 3 Operating Lease - Sale and Lease Back CDB Leasing IndiGo

A320-200 V2500 Jul-12 6 Operating Lease - Sale and Lease Back GECAS Jetstar Japan

Page 60: Aircraft finance report 2013

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aircrafT finance deals announced in 2012

aircraft model engine type Month Number of aircraft

customer Deal structure arrangers Debt provider equity providers buyer Seller

A320-200 V2500 Jul-12 4 Operating Lease - Sale and Lease Back Hong Kong Aviation Capital Jetstar Japan

A320-200 V2500 Jul-12 3 Operating Lease - Sale and Lease Back Jackson Square Aviation Jetstar Japan

A320-200 V2500 Jul-12 5 Operating Lease - Sale and Lease Back MC Aviation Partners/Mitsubishi Jetstar Japan

A320-200 CFM56 Jul-12 2 AirAsia Finance Lease Red Angels

A320-200 V2500 Jul-12 3 CDB Leasing Loan/Finance/Refinanced Korea Development Bank| KfW IPEX-Bank

A320-200 CFM56 Jul-12 3 Cebu Pacific Air ECA / EXIM KfW IPEX-Bank| Sumitomo Mitsui Banking (SMBC)

A320-200 V2500 Jul-12 2 China Southern Airlines Tax Lease BNP Paribas| Development Bank of Japan| Korea Development Bank| Mega Bank Development Bank of Japan| Korea Development Bank| Mega Bank

A320-200 V2500 Jul-12 6 TAM Linhas Aereas ECA / EXIM BNP Paribas

A320-200 V2500 Jul-12 2 TAM Linhas Aereas Finance Lease DVB Bank

A320-200 CFM56 Aug-12 1 Purchase - Lease Attached Arab Leasing International Finance Avion Capital Partners

A320-200 CFM56 Aug-12 1 Purchase - Lease Attached Craentex Investments AERCO 2000-1 ABS Portfolio

A320-200 V2500 Aug-12 1 Purchase ATA Air Khors Aircompany

A320-200 TBC Aug-12 4 Avianca| TACA International Airlines Pre Delivery Payment Natixis

A320-200 CFM56 Aug-12 1 Juneyao Airlines Loan/Finance/Refinanced Bank of Communications

A320-200 CFM56 Aug-12 6 LAN Airlines ECA / EXIM Tenca Leasing

A320-200 V2500 Aug-12 1 Sichuan Airlines Loan/Finance/Refinanced China Development Bank

A320-200 CFM56 Sep-12 1 Purchase Airfinancial Management AerCap

A320-200 CFM56 Sep-12 2 Purchase - Lease Attached BoCom Leasing GECAS

A320-200 CFM56 Sep-12 2 Purchase - Lease Attached ICBC Leasing SMBC Aviation Capital

A320-200 CFM56 Sep-12 1 Purchase - Lease Attached ORIX Aviation AWAS

A320-200 V2500 Sep-12 3 Operating Lease - Sale and Lease Back Hong Kong Aviation Capital IndiGo

A320-200 V2500 Sep-12 2 Purchase Meraj Air Undisclosed Bank / Broker / Lessor

A320-200 V2500 Sep-12 2 Purchase Undisclosed Bank / Broker / Lessor Air Mart Capital

A320-200 V2500 Sep-12 1 Purchase - Lease Attached Mitsubishi UFJ Lease & Finance MC Aviation Partners/Mitsubishi

A320-200 CFM56 Sep-12 1 AirAsia Loan/Finance/Refinanced KTB Leasing Company

A320-200 CFM56 Sep-12 1 AWAS Loan/Finance/Refinanced DVB Bank Development Bank of Japan

A320-200 CFM56 Sep-12 2 BoCom Leasing Loan/Finance/Refinanced Bank of China

A320-200 TBC Sep-12 1 CDB Leasing Loan/Finance/Refinanced DVB Bank

A320-200 CFM56 Oct-12 1 Operating Lease - Sale and Lease Back Changjiang Leasing Hong Kong Airlines

A320-200 CFM56 Oct-12 1 Purchase Undisclosed Bank / Broker / Lessor Iberia

A320-200 CFM56 Oct-12 1 Purchase - Lease Attached FGL Aircraft Ireland Avolon Aerospace Leasing

A320-200 V2500 Oct-12 4 Operating Lease - Sale and Lease Back GECAS Volaris

A320-200 V2500 Oct-12 2 Operating Lease - Sale and Lease Back Pembroke Group IndiGo

A320-200 V2500 Oct-12 3 Operating Lease - Sale and Lease Back Pembroke Group Tiger Airways

A320-200 V2500 Oct-12 2 Purchase Intertrade CIT Aerospace

A320-200 CFM56 Oct-12 1 Changjiang Leasing ECA / EXIM China Exim Bank

A320-200 CFM56 Nov-12 2 Operating Lease - Sale and Lease Back ORIX Aviation Avianca

A320-200 CFM56 Nov-12 1 Purchase AAR Parts Trading GECAS

A320-200 CFM56 Nov-12 1 Purchase Asian Express Airline Aerostar Leasing

A320-200 V2500 Nov-12 1 Operating Lease - Sale and Lease Back BoCom Leasing Shenzhen Airlines

A320-200 V2500 Nov-12 1 Operating Lease - Sale and Lease Back CCB Financial Leasing Corporation China Eastern Airlines

A320-200 V2500 Nov-12 3 Operating Lease - Sale and Lease Back MC Aviation Partners/Mitsubishi Corporation Spirit Airlines

A320-200 V2500 Nov-12 1 Operating Lease - Sale and Lease Back Qatar Aviation Lease Company Qatar Airways

A320-200 V2500 Nov-12 1 Purchase MidAmerican Aerospace EAST 2000-1 ABS Portfolio

A320-200 V2500 Nov-12 2 Purchase - Lease Attached Pembroke Group Q Aviation

A320-200 V2500 Nov-12 2 Purchase - Lease Attached Pembroke Group SMBC Aviation Capital

A320-200 V2500 Nov-12 1 Purchase - Lease Attached Undisclosed Bank / Broker / Lessor AWAS

A320-200 CFM56 Nov-12 2 Avianca ECA / EXIM Citibank

A320-200 TBC Nov-12 2 AWAS ECA / EXIM Natixis Apple Bank

A320-200 V2500 Nov-12 1 AWAS ECA / EXIM Natixis Apple Bank

A320-200 V2500 Nov-12 4 BOC Aviation Loan/Finance/Refinanced Westpac Banking

A320-200 V2500 Nov-12 1 British Airways Loan/Finance/Refinanced Credit Agricole Corporate and Investment Bank

A320-200 V2500 Nov-12 1 British Airways Tax Lease Credit Agricole Corporate and Investment Bank NTT Finance

A320-200 CFM56 Nov-12 2 Interjet Loan/Finance/Refinanced Unconfirmed US Bank

A320-200 V2500 Nov-12 1 JetBlue Airways Loan/Finance/Refinanced BNP Paribas

A320-200 V2500 Nov-12 1 Jetstar Japan Finance Lease JJJ2

A320-200 CFM56 Dec-12 1 Purchase Aeronautics Fund Air Sweden

Page 61: Aircraft finance report 2013

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aircrafT finance deals announced in 2012

aircraft model engine type Month Number of aircraft

customer Deal structure arrangers Debt provider equity providers buyer Seller

A320-200 V2500 Jul-12 4 Operating Lease - Sale and Lease Back Hong Kong Aviation Capital Jetstar Japan

A320-200 V2500 Jul-12 3 Operating Lease - Sale and Lease Back Jackson Square Aviation Jetstar Japan

A320-200 V2500 Jul-12 5 Operating Lease - Sale and Lease Back MC Aviation Partners/Mitsubishi Jetstar Japan

A320-200 CFM56 Jul-12 2 AirAsia Finance Lease Red Angels

A320-200 V2500 Jul-12 3 CDB Leasing Loan/Finance/Refinanced Korea Development Bank| KfW IPEX-Bank

A320-200 CFM56 Jul-12 3 Cebu Pacific Air ECA / EXIM KfW IPEX-Bank| Sumitomo Mitsui Banking (SMBC)

A320-200 V2500 Jul-12 2 China Southern Airlines Tax Lease BNP Paribas| Development Bank of Japan| Korea Development Bank| Mega Bank Development Bank of Japan| Korea Development Bank| Mega Bank

A320-200 V2500 Jul-12 6 TAM Linhas Aereas ECA / EXIM BNP Paribas

A320-200 V2500 Jul-12 2 TAM Linhas Aereas Finance Lease DVB Bank

A320-200 CFM56 Aug-12 1 Purchase - Lease Attached Arab Leasing International Finance Avion Capital Partners

A320-200 CFM56 Aug-12 1 Purchase - Lease Attached Craentex Investments AERCO 2000-1 ABS Portfolio

A320-200 V2500 Aug-12 1 Purchase ATA Air Khors Aircompany

A320-200 TBC Aug-12 4 Avianca| TACA International Airlines Pre Delivery Payment Natixis

A320-200 CFM56 Aug-12 1 Juneyao Airlines Loan/Finance/Refinanced Bank of Communications

A320-200 CFM56 Aug-12 6 LAN Airlines ECA / EXIM Tenca Leasing

A320-200 V2500 Aug-12 1 Sichuan Airlines Loan/Finance/Refinanced China Development Bank

A320-200 CFM56 Sep-12 1 Purchase Airfinancial Management AerCap

A320-200 CFM56 Sep-12 2 Purchase - Lease Attached BoCom Leasing GECAS

A320-200 CFM56 Sep-12 2 Purchase - Lease Attached ICBC Leasing SMBC Aviation Capital

A320-200 CFM56 Sep-12 1 Purchase - Lease Attached ORIX Aviation AWAS

A320-200 V2500 Sep-12 3 Operating Lease - Sale and Lease Back Hong Kong Aviation Capital IndiGo

A320-200 V2500 Sep-12 2 Purchase Meraj Air Undisclosed Bank / Broker / Lessor

A320-200 V2500 Sep-12 2 Purchase Undisclosed Bank / Broker / Lessor Air Mart Capital

A320-200 V2500 Sep-12 1 Purchase - Lease Attached Mitsubishi UFJ Lease & Finance MC Aviation Partners/Mitsubishi

A320-200 CFM56 Sep-12 1 AirAsia Loan/Finance/Refinanced KTB Leasing Company

A320-200 CFM56 Sep-12 1 AWAS Loan/Finance/Refinanced DVB Bank Development Bank of Japan

A320-200 CFM56 Sep-12 2 BoCom Leasing Loan/Finance/Refinanced Bank of China

A320-200 TBC Sep-12 1 CDB Leasing Loan/Finance/Refinanced DVB Bank

A320-200 CFM56 Oct-12 1 Operating Lease - Sale and Lease Back Changjiang Leasing Hong Kong Airlines

A320-200 CFM56 Oct-12 1 Purchase Undisclosed Bank / Broker / Lessor Iberia

A320-200 CFM56 Oct-12 1 Purchase - Lease Attached FGL Aircraft Ireland Avolon Aerospace Leasing

A320-200 V2500 Oct-12 4 Operating Lease - Sale and Lease Back GECAS Volaris

A320-200 V2500 Oct-12 2 Operating Lease - Sale and Lease Back Pembroke Group IndiGo

A320-200 V2500 Oct-12 3 Operating Lease - Sale and Lease Back Pembroke Group Tiger Airways

A320-200 V2500 Oct-12 2 Purchase Intertrade CIT Aerospace

A320-200 CFM56 Oct-12 1 Changjiang Leasing ECA / EXIM China Exim Bank

A320-200 CFM56 Nov-12 2 Operating Lease - Sale and Lease Back ORIX Aviation Avianca

A320-200 CFM56 Nov-12 1 Purchase AAR Parts Trading GECAS

A320-200 CFM56 Nov-12 1 Purchase Asian Express Airline Aerostar Leasing

A320-200 V2500 Nov-12 1 Operating Lease - Sale and Lease Back BoCom Leasing Shenzhen Airlines

A320-200 V2500 Nov-12 1 Operating Lease - Sale and Lease Back CCB Financial Leasing Corporation China Eastern Airlines

A320-200 V2500 Nov-12 3 Operating Lease - Sale and Lease Back MC Aviation Partners/Mitsubishi Corporation Spirit Airlines

A320-200 V2500 Nov-12 1 Operating Lease - Sale and Lease Back Qatar Aviation Lease Company Qatar Airways

A320-200 V2500 Nov-12 1 Purchase MidAmerican Aerospace EAST 2000-1 ABS Portfolio

A320-200 V2500 Nov-12 2 Purchase - Lease Attached Pembroke Group Q Aviation

A320-200 V2500 Nov-12 2 Purchase - Lease Attached Pembroke Group SMBC Aviation Capital

A320-200 V2500 Nov-12 1 Purchase - Lease Attached Undisclosed Bank / Broker / Lessor AWAS

A320-200 CFM56 Nov-12 2 Avianca ECA / EXIM Citibank

A320-200 TBC Nov-12 2 AWAS ECA / EXIM Natixis Apple Bank

A320-200 V2500 Nov-12 1 AWAS ECA / EXIM Natixis Apple Bank

A320-200 V2500 Nov-12 4 BOC Aviation Loan/Finance/Refinanced Westpac Banking

A320-200 V2500 Nov-12 1 British Airways Loan/Finance/Refinanced Credit Agricole Corporate and Investment Bank

A320-200 V2500 Nov-12 1 British Airways Tax Lease Credit Agricole Corporate and Investment Bank NTT Finance

A320-200 CFM56 Nov-12 2 Interjet Loan/Finance/Refinanced Unconfirmed US Bank

A320-200 V2500 Nov-12 1 JetBlue Airways Loan/Finance/Refinanced BNP Paribas

A320-200 V2500 Nov-12 1 Jetstar Japan Finance Lease JJJ2

A320-200 CFM56 Dec-12 1 Purchase Aeronautics Fund Air Sweden

Page 62: Aircraft finance report 2013

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aircrafT finance deals announced in 2012

aircraft model engine type Month Number of aircraft

customer Deal structure arrangers Debt provider equity providers buyer Seller

A320-200 CFM56 Dec-12 1 Purchase African Holding Co of America AeroTurbine

A320-200 CFM56 Dec-12 9 Purchase Allegiant Air Undisclosed Bank / Broker / Lessor

A320-200 CFM56 Dec-12 1 Purchase Av-Air All Nippon Airways

A320-200 CFM56 Dec-12 1 Purchase Infinity Trading & Solutions Aircastle Advisor

A320-200 CFM56 Dec-12 2 Purchase - Lease Attached Pembroke Group SMBC Aviation Capital

A320-200 V2500 Dec-12 3 Operating Lease - Sale and Lease Back MC Aviation Partners/Mitsubishi Corporation Wizz Air

A320-200 V2500 Dec-12 1 Purchase Aerotron ACST 2006-1 ABS Portfolio

A320-200 V2500 Dec-12 5 Purchase - Lease Attached Pembroke Group SMBC Aviation Capital

A320-200 CFM56 Dec-12 1 African Holding Co of America Loan/Finance/Refinanced AeroTurbine

A320-200 V2500 Dec-12 3 Air New Zealand Tax Lease The Bank of Mitsubishi Tokyo The Bank of Mitsubishi Tokyo| Australia & New Zealand Banking Group

A320-200 CFM56 Dec-12 1 China Eastern Airlines Loan/Finance/Refinanced Bank of China

A320-200 CFM56 Dec-12 2 DAE Capital Loan/Finance/Refinanced DVB Bank| PK AirFinance

A320-200 V2500 Dec-12 5 DAE Capital Loan/Finance/Refinanced DVB Bank| PK AirFinance

A320-200 CFM56 Dec-12 3 GECAS Capital Markets

A320-200 V2500 Dec-12 7 GECAS Capital Markets

A320-200 CFM56 Dec-12 1 Hainan Airlines Finance Lease China Development Bank

A320-200 V2500 Dec-12 1 Hong Kong Aviation Capital Loan/Finance/Refinanced Industrial and Commercial Bank of China (ICBC)

A320-200 V2500 Dec-12 1 JetBlue Airways Loan/Finance/Refinanced DVB Bank

A320-200 V2500 Dec-12 2 Shenzhen Airlines Loan/Finance/Refinanced Bank of Communications

A320-200neo PW1000G Aug-12 72 GoAir Pre Delivery Payment United Technologies

A321-100 V2500 Apr-12 2 ILFC Capital Markets

A321-100 CFM56 Aug-12 1 Purchase Asian Wings Airways Alitalia

A321-100 CFM56 Dec-12 5 Operating Lease - Sale and Lease Back Century Tokyo Leasing Air France

A321-200 V2500 Jan-12 2 Operating Lease - Sale and Lease Back Jackson Square Aviation Monarch Airlines

A321-200 CFM56 Jan-12 2 ILFC Capital Markets

A321-200 V2500 Jan-12 1 ILFC Capital Markets

A321-200 V2500 Jan-12 2 Jackson Square Aviation Loan/Finance/Refinanced NordLB| Unicredit

A321-200 CFM56 Jan-12 1 Saudi Arabian Airlines Loan/Finance/Refinanced Saudi Arabian Monetary Agency

A321-200 V2500 Feb-12 6 Air China Tax Lease| ECA / EXIM Natixis| KfW IPEX-Bank BPCE| Siemens Bank| KfW IPEX-Bank

A321-200 V2500 Feb-12 1 AWAS ECA / EXIM| Tax Lease KfW IPEX-Bank

A321-200 V2500 Feb-12 2 Turkish Airlines Tax Lease Standard Chartered Bank| BBAM Standard Chartered Bank Nomura Babcock & Brown

A321-200 V2500 Feb-12 2 Turkish Airlines Tax Lease| ECA / EXIM CIC Bank ING Bank| NordLB BNP Paribas

A321-200 V2500 Mar-12 2 Turkish Airlines Tax Lease ING Bank ING Bank BNP Paribas

A321-200 CFM56 Apr-12 1 BOC Aviation Loan/Finance/Refinanced DVB Bank

A321-200 CFM56 Apr-12 2 ILFC Capital Markets

A321-200 V2500 Apr-12 1 ILFC Capital Markets

A321-200 CFM56 Apr-12 4 US Airways Capital Markets

A321-200 V2500 Apr-12 10 US Airways Capital Markets

A321-200 V2500 Apr-12 2 US Airways Finance Lease DVB Bank| Goldman Sachs & Co

A321-200 V2500 Jun-12 1 CIT Aerospace ECA / EXIM Undisclosed Bank / Broker / Lessor

A321-200 V2500 Jun-12 4 Vietnam Airlines Loan/Finance/Refinanced Vietnam Export Import Bank

A321-200 V2500 Jun-12 1 Volito Aviation Services Loan/Finance/Refinanced GE Japan

A321-200 CFM56 Jul-12 2 Purchase - Lease Attached Apollo Aviation Group A321 Partners

A321-200 V2500 Jul-12 2 Operating Lease - Sale and Lease Back Pembroke Group Gulf Air

A321-200 V2500 Jul-12 1 Avolon Aerospace Leasing Loan/Finance/Refinanced Natixis

A321-200 V2500 Jul-12 2 Gulf Air Finance Lease Gulf International Bank

A321-200 V2500 Aug-12 1 Sichuan Airlines ECA / EXIM China Exim Bank

A321-200 V2500 Aug-12 3 Sichuan Airlines Loan/Finance/Refinanced China Development Bank

A321-200 V2500 Aug-12 1 US Airways Loan/Finance/Refinanced Undisclosed Bank / Broker / Lessor

A321-200 V2500 Aug-12 2 Vietnam Airlines Loan/Finance/Refinanced Citibank| Development Bank of Japan

A321-200 V2500 Aug-12 2 Vietnam Airlines Loan/Finance/Refinanced Cathay United Bank

A321-200 V2500 Sep-12 2 Purchase Trade Bank of Iraq Alphastream

A321-200 V2500 Sep-12 1 Avolon Aerospace Leasing Loan/Finance/Refinanced Deutsche Bank | UBS| Credit Agricole Corporate and Investment Bank| BNP Paribas| KfW IPEX-Bank

A321-200 CFM56 Oct-12 20 UTair Pre Delivery Payment VEB-Leasing

A321-200 V2500 Nov-12 1 Purchase - Lease Attached Pembroke Group SMBC Aviation Capital

A321-200 V2500 Nov-12 2 Air Astana ECA / EXIM Royal Bank of Scotland

A321-200 V2500 Nov-12 1 China Southern Airlines Tax Lease BBAM Nomura Babcock & Brown

Page 63: Aircraft finance report 2013

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AircrAft finAnce 2013

aircrafT finance deals announced in 2012

aircraft model engine type Month Number of aircraft

customer Deal structure arrangers Debt provider equity providers buyer Seller

A320-200 CFM56 Dec-12 1 Purchase African Holding Co of America AeroTurbine

A320-200 CFM56 Dec-12 9 Purchase Allegiant Air Undisclosed Bank / Broker / Lessor

A320-200 CFM56 Dec-12 1 Purchase Av-Air All Nippon Airways

A320-200 CFM56 Dec-12 1 Purchase Infinity Trading & Solutions Aircastle Advisor

A320-200 CFM56 Dec-12 2 Purchase - Lease Attached Pembroke Group SMBC Aviation Capital

A320-200 V2500 Dec-12 3 Operating Lease - Sale and Lease Back MC Aviation Partners/Mitsubishi Corporation Wizz Air

A320-200 V2500 Dec-12 1 Purchase Aerotron ACST 2006-1 ABS Portfolio

A320-200 V2500 Dec-12 5 Purchase - Lease Attached Pembroke Group SMBC Aviation Capital

A320-200 CFM56 Dec-12 1 African Holding Co of America Loan/Finance/Refinanced AeroTurbine

A320-200 V2500 Dec-12 3 Air New Zealand Tax Lease The Bank of Mitsubishi Tokyo The Bank of Mitsubishi Tokyo| Australia & New Zealand Banking Group

A320-200 CFM56 Dec-12 1 China Eastern Airlines Loan/Finance/Refinanced Bank of China

A320-200 CFM56 Dec-12 2 DAE Capital Loan/Finance/Refinanced DVB Bank| PK AirFinance

A320-200 V2500 Dec-12 5 DAE Capital Loan/Finance/Refinanced DVB Bank| PK AirFinance

A320-200 CFM56 Dec-12 3 GECAS Capital Markets

A320-200 V2500 Dec-12 7 GECAS Capital Markets

A320-200 CFM56 Dec-12 1 Hainan Airlines Finance Lease China Development Bank

A320-200 V2500 Dec-12 1 Hong Kong Aviation Capital Loan/Finance/Refinanced Industrial and Commercial Bank of China (ICBC)

A320-200 V2500 Dec-12 1 JetBlue Airways Loan/Finance/Refinanced DVB Bank

A320-200 V2500 Dec-12 2 Shenzhen Airlines Loan/Finance/Refinanced Bank of Communications

A320-200neo PW1000G Aug-12 72 GoAir Pre Delivery Payment United Technologies

A321-100 V2500 Apr-12 2 ILFC Capital Markets

A321-100 CFM56 Aug-12 1 Purchase Asian Wings Airways Alitalia

A321-100 CFM56 Dec-12 5 Operating Lease - Sale and Lease Back Century Tokyo Leasing Air France

A321-200 V2500 Jan-12 2 Operating Lease - Sale and Lease Back Jackson Square Aviation Monarch Airlines

A321-200 CFM56 Jan-12 2 ILFC Capital Markets

A321-200 V2500 Jan-12 1 ILFC Capital Markets

A321-200 V2500 Jan-12 2 Jackson Square Aviation Loan/Finance/Refinanced NordLB| Unicredit

A321-200 CFM56 Jan-12 1 Saudi Arabian Airlines Loan/Finance/Refinanced Saudi Arabian Monetary Agency

A321-200 V2500 Feb-12 6 Air China Tax Lease| ECA / EXIM Natixis| KfW IPEX-Bank BPCE| Siemens Bank| KfW IPEX-Bank

A321-200 V2500 Feb-12 1 AWAS ECA / EXIM| Tax Lease KfW IPEX-Bank

A321-200 V2500 Feb-12 2 Turkish Airlines Tax Lease Standard Chartered Bank| BBAM Standard Chartered Bank Nomura Babcock & Brown

A321-200 V2500 Feb-12 2 Turkish Airlines Tax Lease| ECA / EXIM CIC Bank ING Bank| NordLB BNP Paribas

A321-200 V2500 Mar-12 2 Turkish Airlines Tax Lease ING Bank ING Bank BNP Paribas

A321-200 CFM56 Apr-12 1 BOC Aviation Loan/Finance/Refinanced DVB Bank

A321-200 CFM56 Apr-12 2 ILFC Capital Markets

A321-200 V2500 Apr-12 1 ILFC Capital Markets

A321-200 CFM56 Apr-12 4 US Airways Capital Markets

A321-200 V2500 Apr-12 10 US Airways Capital Markets

A321-200 V2500 Apr-12 2 US Airways Finance Lease DVB Bank| Goldman Sachs & Co

A321-200 V2500 Jun-12 1 CIT Aerospace ECA / EXIM Undisclosed Bank / Broker / Lessor

A321-200 V2500 Jun-12 4 Vietnam Airlines Loan/Finance/Refinanced Vietnam Export Import Bank

A321-200 V2500 Jun-12 1 Volito Aviation Services Loan/Finance/Refinanced GE Japan

A321-200 CFM56 Jul-12 2 Purchase - Lease Attached Apollo Aviation Group A321 Partners

A321-200 V2500 Jul-12 2 Operating Lease - Sale and Lease Back Pembroke Group Gulf Air

A321-200 V2500 Jul-12 1 Avolon Aerospace Leasing Loan/Finance/Refinanced Natixis

A321-200 V2500 Jul-12 2 Gulf Air Finance Lease Gulf International Bank

A321-200 V2500 Aug-12 1 Sichuan Airlines ECA / EXIM China Exim Bank

A321-200 V2500 Aug-12 3 Sichuan Airlines Loan/Finance/Refinanced China Development Bank

A321-200 V2500 Aug-12 1 US Airways Loan/Finance/Refinanced Undisclosed Bank / Broker / Lessor

A321-200 V2500 Aug-12 2 Vietnam Airlines Loan/Finance/Refinanced Citibank| Development Bank of Japan

A321-200 V2500 Aug-12 2 Vietnam Airlines Loan/Finance/Refinanced Cathay United Bank

A321-200 V2500 Sep-12 2 Purchase Trade Bank of Iraq Alphastream

A321-200 V2500 Sep-12 1 Avolon Aerospace Leasing Loan/Finance/Refinanced Deutsche Bank | UBS| Credit Agricole Corporate and Investment Bank| BNP Paribas| KfW IPEX-Bank

A321-200 CFM56 Oct-12 20 UTair Pre Delivery Payment VEB-Leasing

A321-200 V2500 Nov-12 1 Purchase - Lease Attached Pembroke Group SMBC Aviation Capital

A321-200 V2500 Nov-12 2 Air Astana ECA / EXIM Royal Bank of Scotland

A321-200 V2500 Nov-12 1 China Southern Airlines Tax Lease BBAM Nomura Babcock & Brown

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aircrafT finance deals announced in 2012

aircraft model engine type Month Number of aircraft

customer Deal structure arrangers Debt provider equity providers buyer Seller

A321-200 V2500 Nov-12 7 US Airways Capital Markets

A321-200 V2500 Nov-12 1 Vietnam Airlines Loan/Finance/Refinanced Vietnam International Bank

A321-200 CFM56 Dec-12 1 Purchase Plane Business Leasing BBAM

A321-200 V2500 Dec-12 2 Operating Lease - Sale and Lease Back Archway Aviation Monarch Airlines

A321-200 V2500 Dec-12 1 Purchase - Lease Attached GECAS Guggenheim Aviation Partners

A321-200 V2500 Dec-12 1 Purchase - Lease Attached Pembroke Group SMBC Aviation Capital

A321-200 V2500 Dec-12 2 Archway Aviation Loan/Finance/Refinanced Macquarie Bank

A321-200 V2500 Dec-12 1 China Eastern Airlines Loan/Finance/Refinanced China Construction Bank

A321-200 V2500 Dec-12 2 China Eastern Airlines Loan/Finance/Refinanced Industrial and Commercial Bank of China (ICBC)

A321-200 V2500 Dec-12 1 Vietnam Airlines ECA / EXIM Helaba Landesbank Hessen Thuringen| KfW IPEX-Bank| Sumitomo Mitsui Banking (SMBC)

A321-200 V2500 Dec-12 1 Vietnam Airlines Loan/Finance/Refinanced Cathay United Bank Hua Nan Bank| Shin Kong Bank| Taichung Commercial Bank| Union Bank of Taiwan| Shanghai Commercial and Savings Bank| Cathay United Bank

A330-200 PW4000 Jan-12 2 Purchase Brussels Airlines Swiss

A330-200 Trent Jan-12 2 Operating Lease - Sale and Lease Back BoCom Leasing Air China

A330-200 Trent Jan-12 2 Operating Lease - Sale and Lease Back China Aircraft Leasing Air China

A330-200 Trent Jan-12 1 Air China Loan/Finance/Refinanced| Tax Lease Credit Agricole Corporate and Investment Bank

A330-200 Trent Jan-12 1 ILFC Capital Markets

A330-200 Trent Feb-12 1 Avolon Aerospace Leasing ECA / EXIM Deutsche Pfandbriefbank

A330-200 PW4000 Feb-12 2 China Southern Airlines ECA / EXIM| Tax Lease Credit Agricole Corporate and Investment Bank| KfW IPEX-Bank

A330-200 Trent Apr-12 1 Aircastle Advisor ECA / EXIM The Bank of Mitsubishi Tokyo The Bank of Mitsubishi Tokyo

A330-200 CF6 Apr-12 1 ILFC Capital Markets

A330-200 PW4000 Apr-12 1 ILFC Capital Markets

A330-200 Trent Apr-12 2 ILFC Capital Markets

A330-200 CF6 May-12 1 Purchase - Lease Attached Airbus Asset Management Aircraft Purchase Fleet

A330-200 CF6 May-12 1 Purchase - Lease Attached GECAS Aircraft Purchase Fleet

A330-200 Trent May-12 2 Operating Lease - Sale and Lease Back Guggenheim Aviation Partners Monarch Airlines

A330-200 Trent May-12 1 Hong Kong Aviation Capital Loan/Finance/Refinanced China Development Bank

A330-200 CF6 Jun-12 1 CIT Aerospace ECA / EXIM Undisclosed Bank / Broker / Lessor

A330-200 Trent Jul-12 1 South African Airways Loan/Finance/Refinanced Royal Bank of Scotland

A330-200 PW4000 Aug-12 1 Operating Lease - Sale and Lease Back BoCom Leasing China Southern Airlines

A330-200 Trent Sep-12 1 Operating Lease - Sale and Lease Back Avolon Aerospace Leasing Avianca

A330-200 Trent Sep-12 1 Purchase - Lease Attached ORIX Aviation CIT Aerospace

A330-200 TBC Sep-12 1 CDB Leasing Loan/Finance/Refinanced DVB Bank

A330-200 Trent Sep-12 2 Guggenheim Aviation Partners Loan/Finance/Refinanced DVB Bank

A330-200 Trent Sep-12 1 Intrepid Aviation Group Pre Delivery Payment Rand Merchant Bank

A330-200 Trent Sep-12 1 Orix Loan/Finance/Refinanced

A330-200 CF6 Oct-12 1 Purchase - Lease Attached AWAS CIT Aerospace

A330-200 Trent Oct-12 1 Purchase TPG Capital ALAFCO & Novus Aviation

A330-200 CF6 Oct-12 1 AWAS Loan/Finance/Refinanced Credit Agricole Corporate and Investment Bank| Deutsche Bank | CIC Bank| NTT Finance Credit Agricole Corporate and Investment Bank| Deutsche Bank | CIC Bank| NTT Finance

A330-200 Trent Oct-12 1 Hawaiian Airlines Loan/Finance/Refinanced Undisclosed Bank / Broker / Lessor

A330-200 Trent Nov-12 1 Purchase - Lease Attached ICBC Leasing BOC Aviation

A330-200 Trent Nov-12 6 Synergy Aerospace Pre Delivery Payment Natixis

A330-200 Trent Nov-12 3 US Airways Capital Markets

A330-200 Trent Dec-12 1 Purchase Undisclosed Bank / Broker / Lessor Emirates Airline

A330-200 Trent Dec-12 2 China Eastern Airlines Loan/Finance/Refinanced Bank of China

A330-200 Trent Dec-12 1 Guggenheim Aviation Partners Loan/Finance/Refinanced Landesbank Hessen Thuringen Gironzentrale

A330-200 Trent Dec-12 1 Hawaiian Airlines Loan/Finance/Refinanced DVB Bank CIC Bank

A330-200 Trent Dec-12 2 Thomas Cook Airlines Loan/Finance/Refinanced DVB Bank

A330-200F PW4000 Jan-12 1 Malaysia Airlines Finance Lease DVB Bank

A330-200F Trent Jan-12 1 Turkish Airlines ECA / EXIM| Tax Lease BayernLB| DekaBank| Deutsche Pfandbriefbank| Natixis BayernLB| DekaBank| Deutsche Pfandbriefbank

A330-200F Trent Jun-12 1 BOC Aviation ECA / EXIM Natixis| Royal Bank of Scotland

A330-200F Trent Nov-12 1 Avianca ECA / EXIM Citibank

A330-200F Trent Nov-12 3 Synergy Aerospace Pre Delivery Payment Natixis

A330-300 Trent Jan-12 4 Operating Lease - Sale and Lease Back ICBC Leasing Air China

A330-300 PW4000 Jan-12 2 ILFC Capital Markets

A330-300 Trent Jan-12 4 ILFC Capital Markets

A330-300 Trent Jan-12 3 Turkish Airlines ECA / EXIM| Tax Lease BayernLB| DekaBank| Deutsche Pfandbriefbank| Natixis BayernLB| DekaBank| Deutsche Pfandbriefbank

A330-300 Trent Feb-12 1 Purchase - Lease Attached Avolon Aerospace Leasing AerCap

Page 65: Aircraft finance report 2013

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AircrAft finAnce 2013

aircrafT finance deals announced in 2012

aircraft model engine type Month Number of aircraft

customer Deal structure arrangers Debt provider equity providers buyer Seller

A321-200 V2500 Nov-12 7 US Airways Capital Markets

A321-200 V2500 Nov-12 1 Vietnam Airlines Loan/Finance/Refinanced Vietnam International Bank

A321-200 CFM56 Dec-12 1 Purchase Plane Business Leasing BBAM

A321-200 V2500 Dec-12 2 Operating Lease - Sale and Lease Back Archway Aviation Monarch Airlines

A321-200 V2500 Dec-12 1 Purchase - Lease Attached GECAS Guggenheim Aviation Partners

A321-200 V2500 Dec-12 1 Purchase - Lease Attached Pembroke Group SMBC Aviation Capital

A321-200 V2500 Dec-12 2 Archway Aviation Loan/Finance/Refinanced Macquarie Bank

A321-200 V2500 Dec-12 1 China Eastern Airlines Loan/Finance/Refinanced China Construction Bank

A321-200 V2500 Dec-12 2 China Eastern Airlines Loan/Finance/Refinanced Industrial and Commercial Bank of China (ICBC)

A321-200 V2500 Dec-12 1 Vietnam Airlines ECA / EXIM Helaba Landesbank Hessen Thuringen| KfW IPEX-Bank| Sumitomo Mitsui Banking (SMBC)

A321-200 V2500 Dec-12 1 Vietnam Airlines Loan/Finance/Refinanced Cathay United Bank Hua Nan Bank| Shin Kong Bank| Taichung Commercial Bank| Union Bank of Taiwan| Shanghai Commercial and Savings Bank| Cathay United Bank

A330-200 PW4000 Jan-12 2 Purchase Brussels Airlines Swiss

A330-200 Trent Jan-12 2 Operating Lease - Sale and Lease Back BoCom Leasing Air China

A330-200 Trent Jan-12 2 Operating Lease - Sale and Lease Back China Aircraft Leasing Air China

A330-200 Trent Jan-12 1 Air China Loan/Finance/Refinanced| Tax Lease Credit Agricole Corporate and Investment Bank

A330-200 Trent Jan-12 1 ILFC Capital Markets

A330-200 Trent Feb-12 1 Avolon Aerospace Leasing ECA / EXIM Deutsche Pfandbriefbank

A330-200 PW4000 Feb-12 2 China Southern Airlines ECA / EXIM| Tax Lease Credit Agricole Corporate and Investment Bank| KfW IPEX-Bank

A330-200 Trent Apr-12 1 Aircastle Advisor ECA / EXIM The Bank of Mitsubishi Tokyo The Bank of Mitsubishi Tokyo

A330-200 CF6 Apr-12 1 ILFC Capital Markets

A330-200 PW4000 Apr-12 1 ILFC Capital Markets

A330-200 Trent Apr-12 2 ILFC Capital Markets

A330-200 CF6 May-12 1 Purchase - Lease Attached Airbus Asset Management Aircraft Purchase Fleet

A330-200 CF6 May-12 1 Purchase - Lease Attached GECAS Aircraft Purchase Fleet

A330-200 Trent May-12 2 Operating Lease - Sale and Lease Back Guggenheim Aviation Partners Monarch Airlines

A330-200 Trent May-12 1 Hong Kong Aviation Capital Loan/Finance/Refinanced China Development Bank

A330-200 CF6 Jun-12 1 CIT Aerospace ECA / EXIM Undisclosed Bank / Broker / Lessor

A330-200 Trent Jul-12 1 South African Airways Loan/Finance/Refinanced Royal Bank of Scotland

A330-200 PW4000 Aug-12 1 Operating Lease - Sale and Lease Back BoCom Leasing China Southern Airlines

A330-200 Trent Sep-12 1 Operating Lease - Sale and Lease Back Avolon Aerospace Leasing Avianca

A330-200 Trent Sep-12 1 Purchase - Lease Attached ORIX Aviation CIT Aerospace

A330-200 TBC Sep-12 1 CDB Leasing Loan/Finance/Refinanced DVB Bank

A330-200 Trent Sep-12 2 Guggenheim Aviation Partners Loan/Finance/Refinanced DVB Bank

A330-200 Trent Sep-12 1 Intrepid Aviation Group Pre Delivery Payment Rand Merchant Bank

A330-200 Trent Sep-12 1 Orix Loan/Finance/Refinanced

A330-200 CF6 Oct-12 1 Purchase - Lease Attached AWAS CIT Aerospace

A330-200 Trent Oct-12 1 Purchase TPG Capital ALAFCO & Novus Aviation

A330-200 CF6 Oct-12 1 AWAS Loan/Finance/Refinanced Credit Agricole Corporate and Investment Bank| Deutsche Bank | CIC Bank| NTT Finance Credit Agricole Corporate and Investment Bank| Deutsche Bank | CIC Bank| NTT Finance

A330-200 Trent Oct-12 1 Hawaiian Airlines Loan/Finance/Refinanced Undisclosed Bank / Broker / Lessor

A330-200 Trent Nov-12 1 Purchase - Lease Attached ICBC Leasing BOC Aviation

A330-200 Trent Nov-12 6 Synergy Aerospace Pre Delivery Payment Natixis

A330-200 Trent Nov-12 3 US Airways Capital Markets

A330-200 Trent Dec-12 1 Purchase Undisclosed Bank / Broker / Lessor Emirates Airline

A330-200 Trent Dec-12 2 China Eastern Airlines Loan/Finance/Refinanced Bank of China

A330-200 Trent Dec-12 1 Guggenheim Aviation Partners Loan/Finance/Refinanced Landesbank Hessen Thuringen Gironzentrale

A330-200 Trent Dec-12 1 Hawaiian Airlines Loan/Finance/Refinanced DVB Bank CIC Bank

A330-200 Trent Dec-12 2 Thomas Cook Airlines Loan/Finance/Refinanced DVB Bank

A330-200F PW4000 Jan-12 1 Malaysia Airlines Finance Lease DVB Bank

A330-200F Trent Jan-12 1 Turkish Airlines ECA / EXIM| Tax Lease BayernLB| DekaBank| Deutsche Pfandbriefbank| Natixis BayernLB| DekaBank| Deutsche Pfandbriefbank

A330-200F Trent Jun-12 1 BOC Aviation ECA / EXIM Natixis| Royal Bank of Scotland

A330-200F Trent Nov-12 1 Avianca ECA / EXIM Citibank

A330-200F Trent Nov-12 3 Synergy Aerospace Pre Delivery Payment Natixis

A330-300 Trent Jan-12 4 Operating Lease - Sale and Lease Back ICBC Leasing Air China

A330-300 PW4000 Jan-12 2 ILFC Capital Markets

A330-300 Trent Jan-12 4 ILFC Capital Markets

A330-300 Trent Jan-12 3 Turkish Airlines ECA / EXIM| Tax Lease BayernLB| DekaBank| Deutsche Pfandbriefbank| Natixis BayernLB| DekaBank| Deutsche Pfandbriefbank

A330-300 Trent Feb-12 1 Purchase - Lease Attached Avolon Aerospace Leasing AerCap

Page 66: Aircraft finance report 2013

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aircrafT finance deals announced in 2012

aircraft model engine type Month Number of aircraft

customer Deal structure arrangers Debt provider equity providers buyer Seller

A330-300 Trent Feb-12 2 Cathay Pacific Tax Lease Credit Agricole Corporate and Investment Bank

A330-300 Trent May-12 1 China Eastern Airlines Finance Lease WestLB

A330-300 Trent Jun-12 1 Purchase - Lease Attached CDB Leasing AerCap

A330-300 Trent Jul-12 4 Operating Lease - Sale and Lease Back AerCap Singapore Airlines

A330-300 Trent Jul-12 1 Operating Lease - Sale and Lease Back AerDragon Aviation Partners Singapore Airlines

A330-300 Trent Jul-12 2 Aeroflot Russian Airlines ECA / EXIM Royal Bank of Scotland Royal Bank of Scotland

A330-300 Trent Aug-12 1 Operating Lease - Sale and Lease Back CDB Leasing Virgin Atlantic Airways

A330-300 Trent Aug-12 3 Aeroflot Russian Airlines ECA / EXIM Citibank| JP Morgan Chase Bank| KfW IPEX-Bank| Royal Bank of Scotland

A330-300 Trent Sep-12 2 Cathay Pacific ECA / EXIM HSBC Bank

A330-300 Trent Sep-12 2 Intrepid Aviation Group Pre Delivery Payment Citibank

A330-300 Trent Sep-12 2 Thai Airways International Loan/Finance/Refinanced| Tax Lease Credit Agricole Corporate and Investment Bank| Helaba Landesbank Hessen Thuringen| Kasikornbank

A330-300 PW4000 Oct-12 3 Purchase Deucalion Aviation Funds Penerbangan Malaysia Berhad

A330-300 Trent Oct-12 1 AerCap ECA / EXIM BayernLB

A330-300 Trent Nov-12 1 Purchase - Lease Attached ICBC Leasing BOC Aviation

A330-300 Trent Nov-12 1 Cathay Pacific Loan/Finance/Refinanced Credit Agricole Corporate and Investment Bank Credit Agricole Corporate and Investment Bank| Lotte Capital Co.

A330-300 Trent Nov-12 2 Thai Airways International Tax Lease| Loan/Finance/Refinanced Natixis Natixis| Standard Chartered Bank| Commerzbank Natixis

A330-300 Trent Nov-12 1 TUI Aviation Loan/Finance/Refinanced KfW IPEX-Bank

A330-300 Trent Dec-12 1 Operating Lease - Sale and Lease Back MC Aviation Partners/Mitsubishi Corporation Corsair

A330-300 Trent Dec-12 3 SAS Loan/Finance/Refinanced SkyWorks Leasing Undisclosed Bank / Broker / Lessor

A330-300HGW PW4000 Jan-12 1 Operating Lease - Sale and Lease Back Novus Aviation Malaysia Airlines

A330-300HGW PW4000 Jan-12 1 Novus Aviation Loan/Finance/Refinanced NordLB First Energy Bank

A330-300HGW PW4000 May-12 2 Operating Lease - Sale and Lease Back MOF Malaysia Airlines

A330-300HGW PW4000 May-12 4 Malaysia Airlines ECA / EXIM HSBC Bank | Citibank| ANZ Bank| Standard Chartered Bank

A330 -300HGW PW4000 Jun-12 1 Purchase - Lease Attached Aircastle Advisor CIT Aerospace

A330-300HGW CF6 Jul-12 8 Operating Lease - Sale and Lease Back BOC Aviation Iberia

A330-300HGW PW4000 Nov-12 1 Guggenheim Aviation Partners Loan/Finance/Refinanced Undisclosed Bank / Broker / Lessor

A330-300HGW CF6 Dec-12 1 Purchase - Lease Attached CDB Leasing GECAS

A330 Series TBD Trent Jan-12 2 Operating Lease - Sale and Lease Back China Aircraft Leasing Air China

A340-200 CFM56 Jan-12 3 South African Airways Loan/Finance/Refinanced Grofin Africa Fund

A340-300 CFM56 Jan-12 5 ILFC Capital Markets

A340-300 CFM56 Mar-12 3 Purchase China Eastern Airlines ICBC Leasing

A340-300 CFM56 Apr-12 2 Purchase Airbus Asset Management China Eastern Airlines

A340-300 CFM56 Jul-12 3 Purchase Airbus Asset Management China Eastern Airlines

A340-300 CFM56 Jul-12 2 Purchase Undisclosed Bank / Broker / Lessor Lufthansa

A340-300 CFM56 Sep-12 1 Purchase GECAS Asset Management Services GMT Global Republic Aviation

A340-300 CFM56 Oct-12 1 Purchase Undisclosed Bank / Broker / Lessor Iberia

A340-500 Trent Oct-12 5 Purchase Airbus Asset Management Singapore Airlines

A340-500 Trent Nov-12 2 Purchase Azerbaijan Airlines A J Walter Aviation

A340-600 Trent Jan-12 1 ILFC Capital Markets

A340-600 Trent Aug-12 1 Purchase Avaio Virgin Atlantic Airways

A380-800 GP7200 Jan-12 1 Air France Loan/Finance/Refinanced NordLB NordLB

A380-800 GP7200 Jan-12 1 Emirates Airline Loan/Finance/Refinanced NordLB

A380-800 GP7200 Jan-12 1 Emirates Airline Tax Lease Dubai Islamic Bank| Al Hilal Bank| Ajman Bank

A380-800 TBC Feb-12 4 Operating Lease - Sale and Lease Back VEB-Leasing Transaero Airlines

A380-800 GP7200 Feb-12 1 Emirates Airline Finance Lease Doric Hansa Treuhand Ship Beteiligungs & Co. KG

A380-800 Trent Mar-12 1 Lufthansa JOL The Bank of Mitsubishi Tokyo The Bank of Mitsubishi Tokyo |Sumitomo Mitsui Banking (SMBC)

A380-800 GP7200 Apr-12 1 Air France ECA / EXIM| Tax Lease Credit Agricole Corporate and Investment Bank| Sumitomo Mitsui Banking (SMBC) Fuyo General Lease Company

A380-800 GP7200 Apr-12 1 Air France Tax Lease| ECA / EXIM Credit Agricole Corporate and Investment Bank| DekaBank| Helaba Landesbank Hessen Thuringen

A380-800 Trent Apr-12 1 Thai Airways International ECA / EXIM BNP Paribas Sumitomo Mitsui Trust Bank

A380-800 Trent Apr-12 2 Thai Airways International ECA / EXIM Citibank| BayernLB| Natixis Citibank

A380-800 Trent May-12 6 Operating Lease - Sale and Lease Back MOF Malaysia Airlines

A380-800 Trent May-12 2 Lufthansa ECA / EXIM Helaba Landesbank Hessen Thuringen

A380-800 GP7200 Jun-12 4 Emirates Airline Capital Markets

A380-800 Trent Oct-12 1 Operating Lease - Sale and Lease Back WealthCap Singapore Airlines

A380-800 Trent Oct-12 1 WealthCap Loan/Finance/Refinanced EastMerchant Capital| Australia & New Zealand Banking Group

A380-800 Trent Nov-12 1 Thai Airways International ECA / EXIM Societe Generale

A380-800 GP7200 Dec-12 1 Emirates Airline Finance Lease Hannover Leasing & Co. | Helaba Landesbank Hessen Thuringen

Page 67: Aircraft finance report 2013

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AircrAft finAnce 2013

aircrafT finance deals announced in 2012

aircraft model engine type Month Number of aircraft

customer Deal structure arrangers Debt provider equity providers buyer Seller

A330-300 Trent Feb-12 2 Cathay Pacific Tax Lease Credit Agricole Corporate and Investment Bank

A330-300 Trent May-12 1 China Eastern Airlines Finance Lease WestLB

A330-300 Trent Jun-12 1 Purchase - Lease Attached CDB Leasing AerCap

A330-300 Trent Jul-12 4 Operating Lease - Sale and Lease Back AerCap Singapore Airlines

A330-300 Trent Jul-12 1 Operating Lease - Sale and Lease Back AerDragon Aviation Partners Singapore Airlines

A330-300 Trent Jul-12 2 Aeroflot Russian Airlines ECA / EXIM Royal Bank of Scotland Royal Bank of Scotland

A330-300 Trent Aug-12 1 Operating Lease - Sale and Lease Back CDB Leasing Virgin Atlantic Airways

A330-300 Trent Aug-12 3 Aeroflot Russian Airlines ECA / EXIM Citibank| JP Morgan Chase Bank| KfW IPEX-Bank| Royal Bank of Scotland

A330-300 Trent Sep-12 2 Cathay Pacific ECA / EXIM HSBC Bank

A330-300 Trent Sep-12 2 Intrepid Aviation Group Pre Delivery Payment Citibank

A330-300 Trent Sep-12 2 Thai Airways International Loan/Finance/Refinanced| Tax Lease Credit Agricole Corporate and Investment Bank| Helaba Landesbank Hessen Thuringen| Kasikornbank

A330-300 PW4000 Oct-12 3 Purchase Deucalion Aviation Funds Penerbangan Malaysia Berhad

A330-300 Trent Oct-12 1 AerCap ECA / EXIM BayernLB

A330-300 Trent Nov-12 1 Purchase - Lease Attached ICBC Leasing BOC Aviation

A330-300 Trent Nov-12 1 Cathay Pacific Loan/Finance/Refinanced Credit Agricole Corporate and Investment Bank Credit Agricole Corporate and Investment Bank| Lotte Capital Co.

A330-300 Trent Nov-12 2 Thai Airways International Tax Lease| Loan/Finance/Refinanced Natixis Natixis| Standard Chartered Bank| Commerzbank Natixis

A330-300 Trent Nov-12 1 TUI Aviation Loan/Finance/Refinanced KfW IPEX-Bank

A330-300 Trent Dec-12 1 Operating Lease - Sale and Lease Back MC Aviation Partners/Mitsubishi Corporation Corsair

A330-300 Trent Dec-12 3 SAS Loan/Finance/Refinanced SkyWorks Leasing Undisclosed Bank / Broker / Lessor

A330-300HGW PW4000 Jan-12 1 Operating Lease - Sale and Lease Back Novus Aviation Malaysia Airlines

A330-300HGW PW4000 Jan-12 1 Novus Aviation Loan/Finance/Refinanced NordLB First Energy Bank

A330-300HGW PW4000 May-12 2 Operating Lease - Sale and Lease Back MOF Malaysia Airlines

A330-300HGW PW4000 May-12 4 Malaysia Airlines ECA / EXIM HSBC Bank | Citibank| ANZ Bank| Standard Chartered Bank

A330 -300HGW PW4000 Jun-12 1 Purchase - Lease Attached Aircastle Advisor CIT Aerospace

A330-300HGW CF6 Jul-12 8 Operating Lease - Sale and Lease Back BOC Aviation Iberia

A330-300HGW PW4000 Nov-12 1 Guggenheim Aviation Partners Loan/Finance/Refinanced Undisclosed Bank / Broker / Lessor

A330-300HGW CF6 Dec-12 1 Purchase - Lease Attached CDB Leasing GECAS

A330 Series TBD Trent Jan-12 2 Operating Lease - Sale and Lease Back China Aircraft Leasing Air China

A340-200 CFM56 Jan-12 3 South African Airways Loan/Finance/Refinanced Grofin Africa Fund

A340-300 CFM56 Jan-12 5 ILFC Capital Markets

A340-300 CFM56 Mar-12 3 Purchase China Eastern Airlines ICBC Leasing

A340-300 CFM56 Apr-12 2 Purchase Airbus Asset Management China Eastern Airlines

A340-300 CFM56 Jul-12 3 Purchase Airbus Asset Management China Eastern Airlines

A340-300 CFM56 Jul-12 2 Purchase Undisclosed Bank / Broker / Lessor Lufthansa

A340-300 CFM56 Sep-12 1 Purchase GECAS Asset Management Services GMT Global Republic Aviation

A340-300 CFM56 Oct-12 1 Purchase Undisclosed Bank / Broker / Lessor Iberia

A340-500 Trent Oct-12 5 Purchase Airbus Asset Management Singapore Airlines

A340-500 Trent Nov-12 2 Purchase Azerbaijan Airlines A J Walter Aviation

A340-600 Trent Jan-12 1 ILFC Capital Markets

A340-600 Trent Aug-12 1 Purchase Avaio Virgin Atlantic Airways

A380-800 GP7200 Jan-12 1 Air France Loan/Finance/Refinanced NordLB NordLB

A380-800 GP7200 Jan-12 1 Emirates Airline Loan/Finance/Refinanced NordLB

A380-800 GP7200 Jan-12 1 Emirates Airline Tax Lease Dubai Islamic Bank| Al Hilal Bank| Ajman Bank

A380-800 TBC Feb-12 4 Operating Lease - Sale and Lease Back VEB-Leasing Transaero Airlines

A380-800 GP7200 Feb-12 1 Emirates Airline Finance Lease Doric Hansa Treuhand Ship Beteiligungs & Co. KG

A380-800 Trent Mar-12 1 Lufthansa JOL The Bank of Mitsubishi Tokyo The Bank of Mitsubishi Tokyo |Sumitomo Mitsui Banking (SMBC)

A380-800 GP7200 Apr-12 1 Air France ECA / EXIM| Tax Lease Credit Agricole Corporate and Investment Bank| Sumitomo Mitsui Banking (SMBC) Fuyo General Lease Company

A380-800 GP7200 Apr-12 1 Air France Tax Lease| ECA / EXIM Credit Agricole Corporate and Investment Bank| DekaBank| Helaba Landesbank Hessen Thuringen

A380-800 Trent Apr-12 1 Thai Airways International ECA / EXIM BNP Paribas Sumitomo Mitsui Trust Bank

A380-800 Trent Apr-12 2 Thai Airways International ECA / EXIM Citibank| BayernLB| Natixis Citibank

A380-800 Trent May-12 6 Operating Lease - Sale and Lease Back MOF Malaysia Airlines

A380-800 Trent May-12 2 Lufthansa ECA / EXIM Helaba Landesbank Hessen Thuringen

A380-800 GP7200 Jun-12 4 Emirates Airline Capital Markets

A380-800 Trent Oct-12 1 Operating Lease - Sale and Lease Back WealthCap Singapore Airlines

A380-800 Trent Oct-12 1 WealthCap Loan/Finance/Refinanced EastMerchant Capital| Australia & New Zealand Banking Group

A380-800 Trent Nov-12 1 Thai Airways International ECA / EXIM Societe Generale

A380-800 GP7200 Dec-12 1 Emirates Airline Finance Lease Hannover Leasing & Co. | Helaba Landesbank Hessen Thuringen

Page 68: Aircraft finance report 2013

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aircrafT finance deals announced in 2012

aircraft model engine type Month Number of aircraft

customer Deal structure arrangers Debt provider equity providers buyer Seller

A380-800 GP7200 Dec-12 1 Emirates Airline ECA / EXIM KfW IPEX-Bank| Sumitomo Mitsui Banking (SMBC)

A380-800 GP7200 Dec-12 1 Korean Air ECA / EXIM Sumitomo Mitsui Banking (SMBC)| Sumitomo Mitsui Trust Bank| Development Bank of Japan

ATR 42-300 PW100 Feb-12 1 Solenta Aviation Loan/Finance/Refinanced Investec Bank

ATR 42-300 PW100 Mar-12 1 Purchase MAP Linhas Aereas TRIP

ATR 42-300 PW100 Mar-12 1 Purchase Pascan Aviation BKM Luftfahrt

ATR 42-300 PW100 May-12 1 Purchase Calm Air Willis Lease Finance Corporation

ATR 42-300 PW100 Jun-12 1 Purchase West Wind Aviation Fly540

ATR 42-300 PW100 Jul-12 1 Purchase Atlantique Air Assistance Sodelem SA & Oseo Financement

ATR 42-300 PW100 Jul-12 1 Purchase Blue Islands Atlantique Air Assistance

ATR 42-300 PW100 Sep-12 1 Purchase Magellan Group Antrak Air

ATR 42-300 PW100 Oct-12 5 Purchase - Lease Attached ACIA Aero ATR Asset Management

ATR 42-300 PW100 Oct-12 2 Purchase - Lease Attached ACIA Aero Merinos Leasing

ATR 42-300 PW100 Nov-12 1 Purchase Tropical Air Precision Air

ATR 42-300 PW100 Dec-12 1 Purchase Calm Air BKM Luftfahrt

ATR 42-500 PW100 Jan-12 1 Purchase Taimyr Air - NordStar Flybe Nordic

ATR 42-500 PW100 Oct-12 2 Purchase Airline Contract Maintenance and Equipment ASL Aviation Group

ATR 42-500 PW100 Oct-12 1 Purchase Hawaiian Airlines Airline Contract Maintenance and Equipment

ATR 42-500 PW100 Nov-12 2 Purchase Nordic Aviation Capital Azerbaijan Airlines

ATR 42-500 PW100 Dec-12 1 Purchase Island Transvoyager Nordic Aviation Capital

ATR 42-600 PW100 Jun-12 2 Air Tahiti Tax Lease Credit Agricole Corporate and Investment Bank

ATR 42-600 PW100 Dec-12 1 Precision Air Finance Lease Antelope Leasing

ATR 72-200 PW100 Mar-12 1 Purchase Vip Wings Airlinair

ATR 72-200 PW100 Apr-12 1 Purchase Imetame Metalmechanica ATR Asset Management

ATR 72-200 PW100 May-12 3 Purchase Magellan Group Nordic Aviation Capital

ATR 72-200 PW100 Jun-12 1 Purchase - Lease Attached ACIA Aero ATR

ATR 72-200 PW100 Aug-12 1 Purchase DAT - Danish Air Transport Cimber Air-Leasing

ATR 72-200 PW100 Oct-12 3 Purchase Overland Airways ATR Asset Management

ATR 72-200 PW100 Nov-12 1 Purchase Solenta Aviation ATR Asset Management

ATR 72-500 PW100 Apr-12 1 Purchase Airlinair Air Vendee Investissements

ATR 72-500 PW100 Apr-12 1 Airlinair Finance Lease Natixis Lease

ATR 72-500 PW100 Jun-12 1 Purchase ATR Air Nostrum

ATR 72-500 PW100 Jun-12 1 Purchase ATR Santander Central Hispano Lease

ATR 72-500 PW100 Jul-12 1 Buddha Air Loan/Finance/Refinanced International Finance

ATR 72-500 PW100 Aug-12 1 Purchase ATR Air Nostrum

ATR 72-500 PW100 Aug-12 1 Purchase Passaredo Transportes Aereos ATR

ATR 72-500 PW100 Oct-12 1 Purchase ATR Air Nostrum

ATR 72-500 PW100 Nov-12 2 Purchase Nordic Aviation Capital Azerbaijan Airlines

ATR 72-500 PW100 Dec-12 1 Purchase Passaredo Transportes Aereos ATR

ATR 72-500 PW100 Dec-12 2 Lion Air Loan/Finance/Refinanced Transportation Partners BNP Paribas

ATR 72-600 PW100 Apr-12 5 Operating Lease - Sale and Lease Back Nordic Aviation Capital Air Nostrum

ATR 72-600 PW100 Apr-12 5 Nordic Aviation Capital ECA / EXIM| Tax Lease Deutsche Bank AG| KfW IPEX-Bank

ATR 72-600 PW100 Jul-12 4 Air New Zealand Tax Lease The Bank of Mitsubishi Tokyo The Bank of Mitsubishi Tokyo

ATR 72-600 PW100 Sep-12 5 Operating Lease - Sale and Lease Back GECAS Azul

ATR 72-600 PW100 Dec-12 2 Lion Air Loan/Finance/Refinanced Transportation Partners BNP Paribas

CRJ100 CF34 Mar-12 1 Cemair Loan/Finance/Refinanced Residco

CRJ100 CF34 Jun-12 1 Purchase Atlantic Jet Support SW Holding Trust

CRJ100 CF34 Jun-12 4 Purchase FL Technics (Lithuania) Fleet Credit

CRJ100 CF34 Oct-12 3 Purchase Avmax Aircraft Leasing Air Canada

CRJ100 CF34 Oct-12 1 Purchase Cemair ALF V

CRJ100 CF34 Nov-12 2 Purchase Emery Air Charter FL Technics (Lithuania)

CRJ100 CF34 Nov-12 2 Purchase Pragma MB Aircraft Leasing & Management

CRJ100 CF34 Dec-12 5 Purchase Avmax Aircraft Leasing Air Canada

CRJ100 CF34 Dec-12 2 Purchase Eagle Aviation Comair

CRJ200 CF34 Jan-12 1 Purchase Clarks Summit II JL Sarah Lease

CRJ200 CF34 Feb-12 1 Purchase Bombardier Eurowings

CRJ200 CF34 Feb-12 1 Purchase Eagle Aviation GECAS

CRJ200 CF34 Feb-12 1 Purchase Kinetic Motion Clarks Summit II

Page 69: Aircraft finance report 2013

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aircrafT finance deals announced in 2012

aircraft model engine type Month Number of aircraft

customer Deal structure arrangers Debt provider equity providers buyer Seller

A380-800 GP7200 Dec-12 1 Emirates Airline ECA / EXIM KfW IPEX-Bank| Sumitomo Mitsui Banking (SMBC)

A380-800 GP7200 Dec-12 1 Korean Air ECA / EXIM Sumitomo Mitsui Banking (SMBC)| Sumitomo Mitsui Trust Bank| Development Bank of Japan

ATR 42-300 PW100 Feb-12 1 Solenta Aviation Loan/Finance/Refinanced Investec Bank

ATR 42-300 PW100 Mar-12 1 Purchase MAP Linhas Aereas TRIP

ATR 42-300 PW100 Mar-12 1 Purchase Pascan Aviation BKM Luftfahrt

ATR 42-300 PW100 May-12 1 Purchase Calm Air Willis Lease Finance Corporation

ATR 42-300 PW100 Jun-12 1 Purchase West Wind Aviation Fly540

ATR 42-300 PW100 Jul-12 1 Purchase Atlantique Air Assistance Sodelem SA & Oseo Financement

ATR 42-300 PW100 Jul-12 1 Purchase Blue Islands Atlantique Air Assistance

ATR 42-300 PW100 Sep-12 1 Purchase Magellan Group Antrak Air

ATR 42-300 PW100 Oct-12 5 Purchase - Lease Attached ACIA Aero ATR Asset Management

ATR 42-300 PW100 Oct-12 2 Purchase - Lease Attached ACIA Aero Merinos Leasing

ATR 42-300 PW100 Nov-12 1 Purchase Tropical Air Precision Air

ATR 42-300 PW100 Dec-12 1 Purchase Calm Air BKM Luftfahrt

ATR 42-500 PW100 Jan-12 1 Purchase Taimyr Air - NordStar Flybe Nordic

ATR 42-500 PW100 Oct-12 2 Purchase Airline Contract Maintenance and Equipment ASL Aviation Group

ATR 42-500 PW100 Oct-12 1 Purchase Hawaiian Airlines Airline Contract Maintenance and Equipment

ATR 42-500 PW100 Nov-12 2 Purchase Nordic Aviation Capital Azerbaijan Airlines

ATR 42-500 PW100 Dec-12 1 Purchase Island Transvoyager Nordic Aviation Capital

ATR 42-600 PW100 Jun-12 2 Air Tahiti Tax Lease Credit Agricole Corporate and Investment Bank

ATR 42-600 PW100 Dec-12 1 Precision Air Finance Lease Antelope Leasing

ATR 72-200 PW100 Mar-12 1 Purchase Vip Wings Airlinair

ATR 72-200 PW100 Apr-12 1 Purchase Imetame Metalmechanica ATR Asset Management

ATR 72-200 PW100 May-12 3 Purchase Magellan Group Nordic Aviation Capital

ATR 72-200 PW100 Jun-12 1 Purchase - Lease Attached ACIA Aero ATR

ATR 72-200 PW100 Aug-12 1 Purchase DAT - Danish Air Transport Cimber Air-Leasing

ATR 72-200 PW100 Oct-12 3 Purchase Overland Airways ATR Asset Management

ATR 72-200 PW100 Nov-12 1 Purchase Solenta Aviation ATR Asset Management

ATR 72-500 PW100 Apr-12 1 Purchase Airlinair Air Vendee Investissements

ATR 72-500 PW100 Apr-12 1 Airlinair Finance Lease Natixis Lease

ATR 72-500 PW100 Jun-12 1 Purchase ATR Air Nostrum

ATR 72-500 PW100 Jun-12 1 Purchase ATR Santander Central Hispano Lease

ATR 72-500 PW100 Jul-12 1 Buddha Air Loan/Finance/Refinanced International Finance

ATR 72-500 PW100 Aug-12 1 Purchase ATR Air Nostrum

ATR 72-500 PW100 Aug-12 1 Purchase Passaredo Transportes Aereos ATR

ATR 72-500 PW100 Oct-12 1 Purchase ATR Air Nostrum

ATR 72-500 PW100 Nov-12 2 Purchase Nordic Aviation Capital Azerbaijan Airlines

ATR 72-500 PW100 Dec-12 1 Purchase Passaredo Transportes Aereos ATR

ATR 72-500 PW100 Dec-12 2 Lion Air Loan/Finance/Refinanced Transportation Partners BNP Paribas

ATR 72-600 PW100 Apr-12 5 Operating Lease - Sale and Lease Back Nordic Aviation Capital Air Nostrum

ATR 72-600 PW100 Apr-12 5 Nordic Aviation Capital ECA / EXIM| Tax Lease Deutsche Bank AG| KfW IPEX-Bank

ATR 72-600 PW100 Jul-12 4 Air New Zealand Tax Lease The Bank of Mitsubishi Tokyo The Bank of Mitsubishi Tokyo

ATR 72-600 PW100 Sep-12 5 Operating Lease - Sale and Lease Back GECAS Azul

ATR 72-600 PW100 Dec-12 2 Lion Air Loan/Finance/Refinanced Transportation Partners BNP Paribas

CRJ100 CF34 Mar-12 1 Cemair Loan/Finance/Refinanced Residco

CRJ100 CF34 Jun-12 1 Purchase Atlantic Jet Support SW Holding Trust

CRJ100 CF34 Jun-12 4 Purchase FL Technics (Lithuania) Fleet Credit

CRJ100 CF34 Oct-12 3 Purchase Avmax Aircraft Leasing Air Canada

CRJ100 CF34 Oct-12 1 Purchase Cemair ALF V

CRJ100 CF34 Nov-12 2 Purchase Emery Air Charter FL Technics (Lithuania)

CRJ100 CF34 Nov-12 2 Purchase Pragma MB Aircraft Leasing & Management

CRJ100 CF34 Dec-12 5 Purchase Avmax Aircraft Leasing Air Canada

CRJ100 CF34 Dec-12 2 Purchase Eagle Aviation Comair

CRJ200 CF34 Jan-12 1 Purchase Clarks Summit II JL Sarah Lease

CRJ200 CF34 Feb-12 1 Purchase Bombardier Eurowings

CRJ200 CF34 Feb-12 1 Purchase Eagle Aviation GECAS

CRJ200 CF34 Feb-12 1 Purchase Kinetic Motion Clarks Summit II

Page 70: Aircraft finance report 2013

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aircrafT finance deals announced in 2012

aircraft model engine type Month Number of aircraft

customer Deal structure arrangers Debt provider equity providers buyer Seller

CRJ200 CF34 Apr-12 1 Purchase MGC Airlines (Matekane Air) SA Express

CRJ200 CF34 Apr-12 1 Purchase SCAT Tyrolean Airways

CRJ200 CF34 May-12 1 Purchase Amaszonas Avmax Aircraft Leasing

CRJ200 CF34 May-12 1 Purchase Bombardier Eurowings

CRJ200 CF34 May-12 1 Purchase Regional One Bombardier Services

CRJ200 CF34 May-12 1 Purchase Semirara Mining Tailwind Capital

CRJ200 CF34 May-12 1 Purchase Voyageur Airways Kinetic Motion

CRJ200 CF34 May-12 1 Canadian Regional Aircraft Finance Transac No1 Loan/Finance/Refinanced NatWest Aerospace Trust Company

CRJ200 CF34 Jun-12 1 Purchase Matekane Farming CC SA Express

CRJ200 CF34 Jul-12 1 Purchase Bombardier Capital Eurowings

CRJ200 CF34 Jul-12 5 ExpressJet Airlines Loan/Finance/Refinanced Zions First National Bank

CRJ200 CF34 Jul-12 2 SkyWest Airlines Loan/Finance/Refinanced State Street Bank & Trust

CRJ200 CF34 Aug-12 1 Purchase Eagle Aviation GECAS

CRJ200 CF34 Sep-12 1 Purchase SCAT First Greenwich Kahala

CRJ200 CF34 Sep-12 1 Purchase SCAT GOAL German Operating Aircraft Leasing

CRJ200 CF34 Oct-12 2 Purchase Flying Colours Bombardier Capital

CRJ200 CF34 Oct-12 3 Purchase Flying Colours Bombardier

CRJ200 CF34 Oct-12 1 Purchase Peak Pacific Global Bombardier

CRJ200 CF34 Oct-12 1 Purchase SkyWest Airlines Comair

CRJ200 CF34 Oct-12 1 Purchase Unconfirmed Kazakhstan Airline Tyrolean Airways

CRJ200 CF34 Oct-12 4 Delta Air Lines Loan/Finance/Refinanced Export Development Canada

CRJ200 CF34 Nov-12 1 Purchase AviaAM Leasing GECAS

CRJ200 CF34 Nov-12 1 Purchase Bombardier GECAS

CRJ200 CF34 Nov-12 1 Purchase Stewart-Haas Racing Canadian Regional Aircraft Finance Transaction No1

CRJ200 CF34 Nov-12 1 Purchase Nova Airways Eagle Aviation

CRJ200 CF34 Dec-12 1 Purchase Delta Air Lines GECAS

CRJ200 CF34 Dec-12 1 Purchase Trident Aviation Air Nostrum

CRJ200 CF34 Dec-12 57 GECAS Capital Markets

CRJ200 CF34 Dec-12 1 SkyWest Airlines Loan/Finance/Refinanced Zions First National Bank

CRJ700 CF34 Jul-12 2 ExpressJet Airlines Loan/Finance/Refinanced Zions First National Bank

CRJ700 CF34 Dec-12 1 Purchase - Lease Attached Delta Air Lines Comair

CRJ700 CF34 Dec-12 7 GECAS Capital Markets

CRJ900 CF34 Jun-12 3 Operating Lease - Sale and Lease Back AVIC International Leasing China Express Airlines

CRJ900 CF34 Jul-12 2 AVIC International Leasing ECA / EXIM China Exim Bank

CRJ900 CF34 Oct-12 13 Delta Air Lines Loan/Finance/Refinanced Export Development Canada

CRJ900 CF34 Nov-12 2 RwandAir ECA / EXIM Export Development Canada

CRJ900 CF34 Dec-12 2 Operating Lease - Sale and Lease Back Delta Air Lines Pinnacle Airlines

CRJ900 CF34 Dec-12 1 Purchase First Financial Insurance Bombardier

Dash 8-100 PW100 Jan-12 1 Purchase Air Creebec Air Inuit

Dash 8-100 PW100 Feb-12 2 Avmax Aircraft Leasing Loan/Finance/Refinanced Alberta Treasury Branches

Dash 8-100 PW100 Mar-12 1 Purchase DAT - Danish Air Transport Air Iceland

Dash 8-100 PW100 Apr-12 1 Purchase National Jet Systems AIRPT 2001-1 ABS Portfolio

Dash 8-100 PW100 May-12 1 Purchase ALS Kahama Mining

Dash 8-100 PW100 May-12 2 Purchase Mexican Air Force Air Inuit

Dash 8-100 PW100 Jun-12 4 Operating Lease - Sale and Lease Back Nordic Aviation Capital Olympic Air

Dash 8-100 PW100 Jun-12 1 Purchase Wideroe AeroCentury

Dash 8-100 PW100 Jul-12 1 Purchase Frontier Alaska Aviation Trust Intellex Group

Dash 8-100 PW100 Jul-12 1 Purchase Intellex Group Piraeus Financial Leasing

Dash 8-100 PW100 Jul-12 1 Frontier Alaska Aviation Trust Loan/Finance/Refinanced First National Bank Alaska

Dash 8-100 PW100 Aug-12 3 Purchase Fayard Enterprises Liquidation Air Services

Dash 8-100 PW100 Sep-12 1 Purchase Fayard Enterprises Aeroleasing International

Dash 8-100 PW100 Sep-12 1 Purchase Island Air Overland Leasing Group

Dash 8-100 PW100 Sep-12 1 Fayard Enterprises Loan/Finance/Refinanced Avtran

Dash 8-100 PW100 Oct-12 3 Purchase Choice Turbine Fayard Enterprises

Dash 8-100 PW100 Oct-12 1 Purchase Frontier Alaska Aviation Trust Avmax Aircraft Leasing

Dash 8-100 PW100 Oct-12 1 Purchase Willis Lease Finance Corporation SN 146

Dash 8-100 PW100 Oct-12 1 Purchase - Lease Attached AEC-341 Frontier Alaska Aviation Trust

Page 71: Aircraft finance report 2013

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AircrAft finAnce 2013

aircrafT finance deals announced in 2012

aircraft model engine type Month Number of aircraft

customer Deal structure arrangers Debt provider equity providers buyer Seller

CRJ200 CF34 Apr-12 1 Purchase MGC Airlines (Matekane Air) SA Express

CRJ200 CF34 Apr-12 1 Purchase SCAT Tyrolean Airways

CRJ200 CF34 May-12 1 Purchase Amaszonas Avmax Aircraft Leasing

CRJ200 CF34 May-12 1 Purchase Bombardier Eurowings

CRJ200 CF34 May-12 1 Purchase Regional One Bombardier Services

CRJ200 CF34 May-12 1 Purchase Semirara Mining Tailwind Capital

CRJ200 CF34 May-12 1 Purchase Voyageur Airways Kinetic Motion

CRJ200 CF34 May-12 1 Canadian Regional Aircraft Finance Transac No1 Loan/Finance/Refinanced NatWest Aerospace Trust Company

CRJ200 CF34 Jun-12 1 Purchase Matekane Farming CC SA Express

CRJ200 CF34 Jul-12 1 Purchase Bombardier Capital Eurowings

CRJ200 CF34 Jul-12 5 ExpressJet Airlines Loan/Finance/Refinanced Zions First National Bank

CRJ200 CF34 Jul-12 2 SkyWest Airlines Loan/Finance/Refinanced State Street Bank & Trust

CRJ200 CF34 Aug-12 1 Purchase Eagle Aviation GECAS

CRJ200 CF34 Sep-12 1 Purchase SCAT First Greenwich Kahala

CRJ200 CF34 Sep-12 1 Purchase SCAT GOAL German Operating Aircraft Leasing

CRJ200 CF34 Oct-12 2 Purchase Flying Colours Bombardier Capital

CRJ200 CF34 Oct-12 3 Purchase Flying Colours Bombardier

CRJ200 CF34 Oct-12 1 Purchase Peak Pacific Global Bombardier

CRJ200 CF34 Oct-12 1 Purchase SkyWest Airlines Comair

CRJ200 CF34 Oct-12 1 Purchase Unconfirmed Kazakhstan Airline Tyrolean Airways

CRJ200 CF34 Oct-12 4 Delta Air Lines Loan/Finance/Refinanced Export Development Canada

CRJ200 CF34 Nov-12 1 Purchase AviaAM Leasing GECAS

CRJ200 CF34 Nov-12 1 Purchase Bombardier GECAS

CRJ200 CF34 Nov-12 1 Purchase Stewart-Haas Racing Canadian Regional Aircraft Finance Transaction No1

CRJ200 CF34 Nov-12 1 Purchase Nova Airways Eagle Aviation

CRJ200 CF34 Dec-12 1 Purchase Delta Air Lines GECAS

CRJ200 CF34 Dec-12 1 Purchase Trident Aviation Air Nostrum

CRJ200 CF34 Dec-12 57 GECAS Capital Markets

CRJ200 CF34 Dec-12 1 SkyWest Airlines Loan/Finance/Refinanced Zions First National Bank

CRJ700 CF34 Jul-12 2 ExpressJet Airlines Loan/Finance/Refinanced Zions First National Bank

CRJ700 CF34 Dec-12 1 Purchase - Lease Attached Delta Air Lines Comair

CRJ700 CF34 Dec-12 7 GECAS Capital Markets

CRJ900 CF34 Jun-12 3 Operating Lease - Sale and Lease Back AVIC International Leasing China Express Airlines

CRJ900 CF34 Jul-12 2 AVIC International Leasing ECA / EXIM China Exim Bank

CRJ900 CF34 Oct-12 13 Delta Air Lines Loan/Finance/Refinanced Export Development Canada

CRJ900 CF34 Nov-12 2 RwandAir ECA / EXIM Export Development Canada

CRJ900 CF34 Dec-12 2 Operating Lease - Sale and Lease Back Delta Air Lines Pinnacle Airlines

CRJ900 CF34 Dec-12 1 Purchase First Financial Insurance Bombardier

Dash 8-100 PW100 Jan-12 1 Purchase Air Creebec Air Inuit

Dash 8-100 PW100 Feb-12 2 Avmax Aircraft Leasing Loan/Finance/Refinanced Alberta Treasury Branches

Dash 8-100 PW100 Mar-12 1 Purchase DAT - Danish Air Transport Air Iceland

Dash 8-100 PW100 Apr-12 1 Purchase National Jet Systems AIRPT 2001-1 ABS Portfolio

Dash 8-100 PW100 May-12 1 Purchase ALS Kahama Mining

Dash 8-100 PW100 May-12 2 Purchase Mexican Air Force Air Inuit

Dash 8-100 PW100 Jun-12 4 Operating Lease - Sale and Lease Back Nordic Aviation Capital Olympic Air

Dash 8-100 PW100 Jun-12 1 Purchase Wideroe AeroCentury

Dash 8-100 PW100 Jul-12 1 Purchase Frontier Alaska Aviation Trust Intellex Group

Dash 8-100 PW100 Jul-12 1 Purchase Intellex Group Piraeus Financial Leasing

Dash 8-100 PW100 Jul-12 1 Frontier Alaska Aviation Trust Loan/Finance/Refinanced First National Bank Alaska

Dash 8-100 PW100 Aug-12 3 Purchase Fayard Enterprises Liquidation Air Services

Dash 8-100 PW100 Sep-12 1 Purchase Fayard Enterprises Aeroleasing International

Dash 8-100 PW100 Sep-12 1 Purchase Island Air Overland Leasing Group

Dash 8-100 PW100 Sep-12 1 Fayard Enterprises Loan/Finance/Refinanced Avtran

Dash 8-100 PW100 Oct-12 3 Purchase Choice Turbine Fayard Enterprises

Dash 8-100 PW100 Oct-12 1 Purchase Frontier Alaska Aviation Trust Avmax Aircraft Leasing

Dash 8-100 PW100 Oct-12 1 Purchase Willis Lease Finance Corporation SN 146

Dash 8-100 PW100 Oct-12 1 Purchase - Lease Attached AEC-341 Frontier Alaska Aviation Trust

Page 72: Aircraft finance report 2013

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aircrafT finance deals announced in 2012

aircraft model engine type Month Number of aircraft

customer Deal structure arrangers Debt provider equity providers buyer Seller

Dash 8-100 PW100 Oct-12 1 Frontier Alaska Aviation Trust Loan/Finance/Refinanced First National Bank Alaska

Dash 8-100 PW100 Oct-12 1 Island Air Loan/Finance/Refinanced Union Bank

Dash 8-100 PW100 Nov-12 1 Purchase 1201148 Alberta AEC-341

Dash 8-100 PW100 Nov-12 1 Purchase DAT - Danish Air Transport Nuuk Aircraft 1

Dash 8-100 PW100 Nov-12 1 Purchase Skytrans GMG Airlines

Dash 8-100 PW100 Nov-12 1 Purchase Solomon Airlines Ventos Management

Dash 8-200 PW100 May-12 2 Avmax Aircraft Leasing Loan/Finance/Refinanced Export Development Canada

Dash 8-200 PW100 Jul-12 2 Purchase Avmax Aircraft Leasing Manufacturers & Traders Trust

Dash 8-300 PW100 Jan-12 1 Purchase AeroCentury InterSky

Dash 8-300 PW100 Jan-12 1 Purchase Jione Financial Air Senegal International

Dash 8-300 PW100 Jan-12 1 Purchase Northstar Avlease SA Express

Dash 8-300 PW100 Jan-12 1 Purchase Skyservice Business Aviation Caya de Ahrossos de Valencia Castellon Y Alicante

Dash 8-300 PW100 Feb-12 1 Purchase Nordic Aviation Capital All Nippon Airways

Dash 8-300 PW100 Apr-12 1 Purchase African Barrick Gold Skyservice Business Aviation

Dash 8-300 PW100 Jul-12 1 Purchase Air Inuit SA Express

Dash 8-300 PW100 Jul-12 1 Purchase Government of Quebec Capital Aviation Services

Dash 8-300 PW100 Jul-12 3 Nordic Aviation Capital Loan/Finance/Refinanced P/F BankNordic

Dash 8-300 PW100 Aug-12 1 Purchase Avitrade Ireland UniCredit Global Leasing Export

Dash 8-300 PW100 Aug-12 1 Purchase Bombardier Air Nostrum

Dash 8-300 PW100 Aug-12 1 Purchase Phoenix Heliparts Avitrade Ireland

Dash 8-300 PW100 Aug-12 1 Purchase US Department of State - INL Air Wing (INL/A) Phoenix Heliparts

Dash 8-300 PW100 Sep-12 1 Purchase Air Inuit Bombardier Capital

Dash 8-300 PW100 Sep-12 1 Purchase Avmax Aircraft Leasing Aircraft Solutions

Dash 8-300 PW100 Oct-12 1 Purchase Aircraft Solutions NK Leasing

Dash 8-300 PW100 Oct-12 1 Purchase Fayard Enterprises Air Service Gabon

Dash 8-300 PW100 Oct-12 1 Purchase Fayard Enterprises Volvo Aero Services Aircraft Sales & Leasing

Dash 8-300 PW100 Oct-12 1 Purchase NK Leasing Nordic Aviation Capital

Dash 8-300 PW100 Oct-12 1 Purchase Perimeter Airlines Air Inuit

Dash 8-300 PW100 Oct-12 1 Purchase Travira Air Bombardier

Dash 8-300 PW100 Nov-12 1 Purchase Field Aviation Bombardier

Dash 8-300 PW100 Nov-12 1 Purchase Nordic Aviation Capital NL Scorpio Lease

Dash 8-300 PW100 Dec-12 1 Purchase Airphil Express Nordic Aviation Capital

Dash 8-300 PW100 Dec-12 2 Purchase Avmax Aircraft Leasing Caribbean Airlines

Dash 8-300 PW100 Dec-12 2 Purchase Skytrans AIRPT 2001-1 ABS Portfolio

ERJ-135 AE 3007 May-12 1 Purchase Air Namibia Regional

ERJ-135 AE 3007 Jun-12 18 Purchase ECC Leasing American Airlines

ERJ-135 AE 3007 Aug-12 3 Airlink - SA Airlink Loan/Finance/Refinanced Nedbank

ERJ-135 AE 3007 Dec-12 21 Purchase - Lease Attached ECC Leasing American Airlines

ERJ-145 AE 3007 Feb-12 1 Purchase Ogengene Air Services Aircraft Solutions

ERJ-145 AE 3007 Mar-12 1 Purchase CIT Aerospace Bank of Hawaii Leasing

ERJ-145 AE 3007 Mar-12 2 Purchase Enhanced Aero Maintenance SAS Aircraft Solutions

ERJ-145 AE 3007 Apr-12 1 Purchase Irmaos Passaura Skyways

ERJ-145 AE 3007 Jun-12 1 Purchase Globalia Group Lagun Air

ERJ-145 AE 3007 Jun-12 2 Purchase IBC Airways FAP

ERJ-145 AE 3007 Jul-12 1 Purchase Airlink - SA Airlink Investment AB Janus

ERJ-145 AE 3007 Aug-12 1 Purchase Aerovision Aircraft Services 429/448 Corp

ERJ-145 AE 3007 Aug-12 3 Purchase Aerovision Aircraft Services Bank of America

ERJ-145 AE 3007 Aug-12 2 Purchase Aerovision Aircraft Services GECAS

ERJ-145 AE 3007 Aug-12 4 Purchase Aerovision Aircraft Services Philip Morris Capital

ERJ-145 AE 3007 Aug-12 10 Aerovision Aircraft Services Loan/Finance/Refinanced JP Morgan Chase Bank

ERJ-145 AE 3007 Sep-12 1 Purchase Solenta Aviation GECAS

ERJ-145 AE 3007 Oct-12 1 Purchase Regional One Continuity Air Finance IX

ERJ-145 AE3007 Oct-12 4 Purchase Aeromexico Connect SL Canopy

ERJ-145 AE 3007 Oct-12 1 Regourd Aviation Finance Lease Natixis Lease

ERJ-145 AE 3007 Nov-12 2 Purchase NovoAir Aircraft Solutions ERJ-145

Fokker 100 RB.183 Tay Jan-12 2 Purchase Pembroke Group

Fokker 100 RB.183 Tay Feb-12 1 Purchase Bek Air Eastindo Air Taxi & Charter

Page 73: Aircraft finance report 2013

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AircrAft finAnce 2013

aircrafT finance deals announced in 2012

aircraft model engine type Month Number of aircraft

customer Deal structure arrangers Debt provider equity providers buyer Seller

Dash 8-100 PW100 Oct-12 1 Frontier Alaska Aviation Trust Loan/Finance/Refinanced First National Bank Alaska

Dash 8-100 PW100 Oct-12 1 Island Air Loan/Finance/Refinanced Union Bank

Dash 8-100 PW100 Nov-12 1 Purchase 1201148 Alberta AEC-341

Dash 8-100 PW100 Nov-12 1 Purchase DAT - Danish Air Transport Nuuk Aircraft 1

Dash 8-100 PW100 Nov-12 1 Purchase Skytrans GMG Airlines

Dash 8-100 PW100 Nov-12 1 Purchase Solomon Airlines Ventos Management

Dash 8-200 PW100 May-12 2 Avmax Aircraft Leasing Loan/Finance/Refinanced Export Development Canada

Dash 8-200 PW100 Jul-12 2 Purchase Avmax Aircraft Leasing Manufacturers & Traders Trust

Dash 8-300 PW100 Jan-12 1 Purchase AeroCentury InterSky

Dash 8-300 PW100 Jan-12 1 Purchase Jione Financial Air Senegal International

Dash 8-300 PW100 Jan-12 1 Purchase Northstar Avlease SA Express

Dash 8-300 PW100 Jan-12 1 Purchase Skyservice Business Aviation Caya de Ahrossos de Valencia Castellon Y Alicante

Dash 8-300 PW100 Feb-12 1 Purchase Nordic Aviation Capital All Nippon Airways

Dash 8-300 PW100 Apr-12 1 Purchase African Barrick Gold Skyservice Business Aviation

Dash 8-300 PW100 Jul-12 1 Purchase Air Inuit SA Express

Dash 8-300 PW100 Jul-12 1 Purchase Government of Quebec Capital Aviation Services

Dash 8-300 PW100 Jul-12 3 Nordic Aviation Capital Loan/Finance/Refinanced P/F BankNordic

Dash 8-300 PW100 Aug-12 1 Purchase Avitrade Ireland UniCredit Global Leasing Export

Dash 8-300 PW100 Aug-12 1 Purchase Bombardier Air Nostrum

Dash 8-300 PW100 Aug-12 1 Purchase Phoenix Heliparts Avitrade Ireland

Dash 8-300 PW100 Aug-12 1 Purchase US Department of State - INL Air Wing (INL/A) Phoenix Heliparts

Dash 8-300 PW100 Sep-12 1 Purchase Air Inuit Bombardier Capital

Dash 8-300 PW100 Sep-12 1 Purchase Avmax Aircraft Leasing Aircraft Solutions

Dash 8-300 PW100 Oct-12 1 Purchase Aircraft Solutions NK Leasing

Dash 8-300 PW100 Oct-12 1 Purchase Fayard Enterprises Air Service Gabon

Dash 8-300 PW100 Oct-12 1 Purchase Fayard Enterprises Volvo Aero Services Aircraft Sales & Leasing

Dash 8-300 PW100 Oct-12 1 Purchase NK Leasing Nordic Aviation Capital

Dash 8-300 PW100 Oct-12 1 Purchase Perimeter Airlines Air Inuit

Dash 8-300 PW100 Oct-12 1 Purchase Travira Air Bombardier

Dash 8-300 PW100 Nov-12 1 Purchase Field Aviation Bombardier

Dash 8-300 PW100 Nov-12 1 Purchase Nordic Aviation Capital NL Scorpio Lease

Dash 8-300 PW100 Dec-12 1 Purchase Airphil Express Nordic Aviation Capital

Dash 8-300 PW100 Dec-12 2 Purchase Avmax Aircraft Leasing Caribbean Airlines

Dash 8-300 PW100 Dec-12 2 Purchase Skytrans AIRPT 2001-1 ABS Portfolio

ERJ-135 AE 3007 May-12 1 Purchase Air Namibia Regional

ERJ-135 AE 3007 Jun-12 18 Purchase ECC Leasing American Airlines

ERJ-135 AE 3007 Aug-12 3 Airlink - SA Airlink Loan/Finance/Refinanced Nedbank

ERJ-135 AE 3007 Dec-12 21 Purchase - Lease Attached ECC Leasing American Airlines

ERJ-145 AE 3007 Feb-12 1 Purchase Ogengene Air Services Aircraft Solutions

ERJ-145 AE 3007 Mar-12 1 Purchase CIT Aerospace Bank of Hawaii Leasing

ERJ-145 AE 3007 Mar-12 2 Purchase Enhanced Aero Maintenance SAS Aircraft Solutions

ERJ-145 AE 3007 Apr-12 1 Purchase Irmaos Passaura Skyways

ERJ-145 AE 3007 Jun-12 1 Purchase Globalia Group Lagun Air

ERJ-145 AE 3007 Jun-12 2 Purchase IBC Airways FAP

ERJ-145 AE 3007 Jul-12 1 Purchase Airlink - SA Airlink Investment AB Janus

ERJ-145 AE 3007 Aug-12 1 Purchase Aerovision Aircraft Services 429/448 Corp

ERJ-145 AE 3007 Aug-12 3 Purchase Aerovision Aircraft Services Bank of America

ERJ-145 AE 3007 Aug-12 2 Purchase Aerovision Aircraft Services GECAS

ERJ-145 AE 3007 Aug-12 4 Purchase Aerovision Aircraft Services Philip Morris Capital

ERJ-145 AE 3007 Aug-12 10 Aerovision Aircraft Services Loan/Finance/Refinanced JP Morgan Chase Bank

ERJ-145 AE 3007 Sep-12 1 Purchase Solenta Aviation GECAS

ERJ-145 AE 3007 Oct-12 1 Purchase Regional One Continuity Air Finance IX

ERJ-145 AE3007 Oct-12 4 Purchase Aeromexico Connect SL Canopy

ERJ-145 AE 3007 Oct-12 1 Regourd Aviation Finance Lease Natixis Lease

ERJ-145 AE 3007 Nov-12 2 Purchase NovoAir Aircraft Solutions ERJ-145

Fokker 100 RB.183 Tay Jan-12 2 Purchase Pembroke Group

Fokker 100 RB.183 Tay Feb-12 1 Purchase Bek Air Eastindo Air Taxi & Charter

Page 74: Aircraft finance report 2013

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aircrafT finance deals announced in 2012

aircraft model engine type Month Number of aircraft

customer Deal structure arrangers Debt provider equity providers buyer Seller

Fokker 100 RB.183 Tay Feb-12 1 Purchase Skywest Airlines (Australia) France Aircraft Finance V

Fokker 100 RB.183 Tay May-12 1 Purchase Air Panama Jet Trading & Leasing

Fokker 100 RB.183 Tay Jul-12 1 Purchase Bukovyna Airlines KLM cityhopper

Fokker 100 RB.183 Tay Jul-12 1 Purchase Sky Aviation Premiair (Indonesia)

Fokker 100 RB.183 Tay Aug-12 1 Purchase Air Panama Jet Trading & Leasing

Fokker 100 RB.183 Tay Aug-12 4 Purchase Jet Midwest MS Financing

Fokker 100 RB.183 Tay Sep-12 1 Purchase Bukovyna Airlines KLM cityhopper

Fokker 100 RB.183 Tay Sep-12 1 Purchase Jet Midwest Aviation Leasing

Fokker 100 RB.183 Tay Nov-12 1 Purchase Jet Midwest Aviation Leasing

Fokker 100 RB.183 Tay Nov-12 2 Purchase Jet Midwest Aviation Leasing

Fokker 100 RB.183 Tay Nov-12 3 Purchase Undisclosed Bank / Broker / Lessor Brit Air

Fokker 100 RB.183 Tay Nov-12 7 Jet Midwest Loan/Finance/Refinanced Amur Finance 1

Fokker 100 RB.183 Tay Dec-12 3 Purchase Kish Air Undisclosed Bank / Broker / Lessor

Fokker 100 RB.183 Tay Dec-12 1 Purchase Skyward International Aviation Jet Trading & Leasing

Fokker 100 RB.183 Tay Dec-12 3 Purchase Skywest Airlines (Australia) Capital Lease Aviation

Fokker 100 RB.183 Tay Dec-12 8 Purchase - Lease Attached Undisclosed Bank / Broker / Lessor Airfleet Credit

MD-11 CF6 Apr-12 1 Purchase Unical Aviation Vx Capital Partners

MD-11 CF6 Jul-12 1 Purchase Unical Aviation BBAM

MD-11 PW4000 Nov-12 1 Purchase Unical Aviation Boeing Capital

MD-11F CF6 Jan-12 4 FedEx Capital Markets

MD-11F CF6 Jun-12 1 Purchase Nordic Global Airlines EVA Air

MD-11F PW4000 Oct-12 2 Purchase FedEx ILFC

MD-11F CF6 Nov-12 1 Purchase Nordic Global Airlines EVA Air

MD-11F PW4000 Nov-12 1 Purchase Unical Aviation ILFC

MD-11F CF6 Dec-12 1 Purchase EirTrade Aviation Ireland AWAS

MD-11F CF6 Dec-12 1 Purchase M48435 CIT Aerospace

MD-81 JT8D Jun-12 1 Purchase Airline Support Sweden Air Sweden

MD-81 JT8D Jun-12 1 Purchase L & E Sweden /Advantage Aviation Services Sweden Airline Support Sweden

MD-82 JT8D Feb-12 1 Purchase Stewart Industries International American Airlines

MD-82 JT8D Feb-12 1 Purchase US Aviation Jet Midwest

MD-82 JT8D Mar-12 1 Purchase GA Telesis AWAS

MD-82 JT8D Mar-12 1 Purchase Jet Midwest John Hancock Leasing

MD-82 JT8D Mar-12 1 Purchase Zagros Airlines Khors Aircompany

MD-82 JT8D Apr-12 1 Purchase Tango Airways US Aviation

MD-82 JT8D Apr-12 1 Purchase Undisclosed Bank / Broker / Lessor GA Telesis

MD-82 JT8D Apr-12 2 Purchase Undisclosed Bank / Broker / Lessor Volito Aviation Services

MD-82 JT8D Apr-12 1 Purchase Zagros Airlines AP Finance

MD-82 JT8D May-12 2 Purchase American Airlines Boeing Capital

MD-82 JT8D May-12 1 Purchase GA Telesis HNB Investment

MD-82 JT8D May-12 1 Purchase SAS Terra Brains

MD-82 JT8D Jun-12 7 Purchase Aircraft & Engine Support Alitalia

MD-82 JT8D Jul-12 1 Purchase City National Bank IAL Alaska I Corp

MD-82 JT8D Jul-12 1 Purchase Zagros Airlines AP Finance

MD-82 JT8D Jul-12 1 Purchase Zagros Airlines AP Financing

MD-82 JT8D Jul-12 2 Purchase - Lease Attached Citigroup Financial Products Credit Foncier de France

MD-82 JT8D Aug-12 1 Purchase Air Capital Group GS/MC Leasing Holdings (MD82)

MD-82 JT8D Aug-12 3 Purchase Aviation Leasing GA Telesis

MD-82 JT8D Aug-12 2 Purchase Jet Midwest Key Equipment Finance

MD-82 JT8D Aug-12 1 Purchase - Lease Attached Bank of America Manufacturers Hanover Leasing International

MD-82 JT8D Sep-12 1 Purchase Air Capital Group SVMF 37

MD-82 JT8D Sep-12 2 Purchase Aviation Leasing GA Telesis

MD-82 JT8D Sep-12 3 Purchase Delta Air Lines SAS

MD-82 JT8D Sep-12 4 Purchase GA Telesis Manufacturers Hanover Leasing International

MD-82 JT8D Sep-12 2 Purchase Maxavia Wind Rose Aviationy

MD-82 JT8D Sep-12 5 Purchase - Lease Attached GA Telesis Undisclosed Bank / Broker / Lessor

MD-82 JT8D Sep-12 1 Air Capital Group Loan/Finance/Refinanced SVMF 37

MD-82 JT8D Oct-12 1 Purchase B & C Aero Investments City National Bank

Page 75: Aircraft finance report 2013

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AircrAft finAnce 2013

aircrafT finance deals announced in 2012

aircraft model engine type Month Number of aircraft

customer Deal structure arrangers Debt provider equity providers buyer Seller

Fokker 100 RB.183 Tay Feb-12 1 Purchase Skywest Airlines (Australia) France Aircraft Finance V

Fokker 100 RB.183 Tay May-12 1 Purchase Air Panama Jet Trading & Leasing

Fokker 100 RB.183 Tay Jul-12 1 Purchase Bukovyna Airlines KLM cityhopper

Fokker 100 RB.183 Tay Jul-12 1 Purchase Sky Aviation Premiair (Indonesia)

Fokker 100 RB.183 Tay Aug-12 1 Purchase Air Panama Jet Trading & Leasing

Fokker 100 RB.183 Tay Aug-12 4 Purchase Jet Midwest MS Financing

Fokker 100 RB.183 Tay Sep-12 1 Purchase Bukovyna Airlines KLM cityhopper

Fokker 100 RB.183 Tay Sep-12 1 Purchase Jet Midwest Aviation Leasing

Fokker 100 RB.183 Tay Nov-12 1 Purchase Jet Midwest Aviation Leasing

Fokker 100 RB.183 Tay Nov-12 2 Purchase Jet Midwest Aviation Leasing

Fokker 100 RB.183 Tay Nov-12 3 Purchase Undisclosed Bank / Broker / Lessor Brit Air

Fokker 100 RB.183 Tay Nov-12 7 Jet Midwest Loan/Finance/Refinanced Amur Finance 1

Fokker 100 RB.183 Tay Dec-12 3 Purchase Kish Air Undisclosed Bank / Broker / Lessor

Fokker 100 RB.183 Tay Dec-12 1 Purchase Skyward International Aviation Jet Trading & Leasing

Fokker 100 RB.183 Tay Dec-12 3 Purchase Skywest Airlines (Australia) Capital Lease Aviation

Fokker 100 RB.183 Tay Dec-12 8 Purchase - Lease Attached Undisclosed Bank / Broker / Lessor Airfleet Credit

MD-11 CF6 Apr-12 1 Purchase Unical Aviation Vx Capital Partners

MD-11 CF6 Jul-12 1 Purchase Unical Aviation BBAM

MD-11 PW4000 Nov-12 1 Purchase Unical Aviation Boeing Capital

MD-11F CF6 Jan-12 4 FedEx Capital Markets

MD-11F CF6 Jun-12 1 Purchase Nordic Global Airlines EVA Air

MD-11F PW4000 Oct-12 2 Purchase FedEx ILFC

MD-11F CF6 Nov-12 1 Purchase Nordic Global Airlines EVA Air

MD-11F PW4000 Nov-12 1 Purchase Unical Aviation ILFC

MD-11F CF6 Dec-12 1 Purchase EirTrade Aviation Ireland AWAS

MD-11F CF6 Dec-12 1 Purchase M48435 CIT Aerospace

MD-81 JT8D Jun-12 1 Purchase Airline Support Sweden Air Sweden

MD-81 JT8D Jun-12 1 Purchase L & E Sweden /Advantage Aviation Services Sweden Airline Support Sweden

MD-82 JT8D Feb-12 1 Purchase Stewart Industries International American Airlines

MD-82 JT8D Feb-12 1 Purchase US Aviation Jet Midwest

MD-82 JT8D Mar-12 1 Purchase GA Telesis AWAS

MD-82 JT8D Mar-12 1 Purchase Jet Midwest John Hancock Leasing

MD-82 JT8D Mar-12 1 Purchase Zagros Airlines Khors Aircompany

MD-82 JT8D Apr-12 1 Purchase Tango Airways US Aviation

MD-82 JT8D Apr-12 1 Purchase Undisclosed Bank / Broker / Lessor GA Telesis

MD-82 JT8D Apr-12 2 Purchase Undisclosed Bank / Broker / Lessor Volito Aviation Services

MD-82 JT8D Apr-12 1 Purchase Zagros Airlines AP Finance

MD-82 JT8D May-12 2 Purchase American Airlines Boeing Capital

MD-82 JT8D May-12 1 Purchase GA Telesis HNB Investment

MD-82 JT8D May-12 1 Purchase SAS Terra Brains

MD-82 JT8D Jun-12 7 Purchase Aircraft & Engine Support Alitalia

MD-82 JT8D Jul-12 1 Purchase City National Bank IAL Alaska I Corp

MD-82 JT8D Jul-12 1 Purchase Zagros Airlines AP Finance

MD-82 JT8D Jul-12 1 Purchase Zagros Airlines AP Financing

MD-82 JT8D Jul-12 2 Purchase - Lease Attached Citigroup Financial Products Credit Foncier de France

MD-82 JT8D Aug-12 1 Purchase Air Capital Group GS/MC Leasing Holdings (MD82)

MD-82 JT8D Aug-12 3 Purchase Aviation Leasing GA Telesis

MD-82 JT8D Aug-12 2 Purchase Jet Midwest Key Equipment Finance

MD-82 JT8D Aug-12 1 Purchase - Lease Attached Bank of America Manufacturers Hanover Leasing International

MD-82 JT8D Sep-12 1 Purchase Air Capital Group SVMF 37

MD-82 JT8D Sep-12 2 Purchase Aviation Leasing GA Telesis

MD-82 JT8D Sep-12 3 Purchase Delta Air Lines SAS

MD-82 JT8D Sep-12 4 Purchase GA Telesis Manufacturers Hanover Leasing International

MD-82 JT8D Sep-12 2 Purchase Maxavia Wind Rose Aviationy

MD-82 JT8D Sep-12 5 Purchase - Lease Attached GA Telesis Undisclosed Bank / Broker / Lessor

MD-82 JT8D Sep-12 1 Air Capital Group Loan/Finance/Refinanced SVMF 37

MD-82 JT8D Oct-12 1 Purchase B & C Aero Investments City National Bank

Page 76: Aircraft finance report 2013

AircrAft finAnce 2013

76 | Flightglobal Insight | AircrAft finAnce 2013 AircrAft finAnce 2013 |Flightglobal Insight | 77

aircrafT finance deals announced in 2012

aircraft model engine type Month Number of aircraft

customer Deal structure arrangers Debt provider equity providers buyer Seller

MD-82 JT8D Oct-12 1 Purchase GA Telesis HNB Investment

MD-82 JT8D Oct-12 1 Purchase - Lease Attached GA Telesis Citigroup Financial Products

MD-82 JT8D Nov-12 1 Purchase Air Capital Group Undisclosed Bank / Broker / Lessor

MD-82 JT8D Nov-12 1 Purchase Air Capital Group US Bancorp Equipment Finance | Algemene Bank Netherland

MD-82 JT8D Nov-12 3 Purchase LASER Aviation Leasing

MD-82 JT8D Nov-12 1 Purchase SAS MC Aviation Partners/Mitsubishi

MD-82 JT8D Nov-12 3 Jet Midwest Loan/Finance/Refinanced Amur Finance 1

MD-82 JT8D Dec-12 1 Purchase Jet Midwest Gryphon Airlines

MD-82 JT8D Dec-12 2 Purchase SAS MC Aviation Partners/Mitsubishi

MD-83 JT8D Jan-12 1 Purchase Caspian Airlines Global Air

MD-83 JT8D Feb-12 1 Purchase Austral Avcorp 115

MD-83 JT8D Mar-12 1 Purchase GA Telesis AWAS

MD-83 JT8D Mar-12 1 Purchase Zagros Airlines Khors Aircompany

MD-83 JT8D Apr-12 1 Purchase DANA Air Jet Midwest

MD-83 JT8D Apr-12 1 Purchase Undisclosed Bank / Broker / Lessor GA Telesis

MD-83 JT8D May-12 2 Purchase Pennant Aviation AIRPT 2001-1 ABS Portfolio

MD-83 JT8D Jun-12 1 Purchase Caspian Airlines J.T.R. Company

MD-83 JT8D Jun-12 1 Purchase Jetran International AFT 1999-1 ABS Portfolio

MD-83 JT8D Jun-12 1 Purchase Khors Aircompany Finaircraft

MD-83 JT8D Jun-12 1 Purchase Khors Aircompany Viking Airlines

MD-83 JT8D Jul-12 1 Purchase Jet Midwest AWAS

MD-83 JT8D Jul-12 1 Purchase Khors Aircompany Finaircraft

MD-83 JT8D Jul-12 1 Jetran International Loan/Finance/Refinanced Grand Bank of Texas

MD-83 JT8D Sep-12 1 Purchase - Lease Attached Undisclosed Bank / Broker / Lessor EAST 2000-1 ABS Portfolio

MD-83 JT8D Sep-12 1 Purchase ATA Air J.T.R. Company

MD-83 JT8D Sep-12 2 Purchase Caspian Airlines Khors Aircompany

MD-83 JT8D Oct-12 3 Purchase Jetran International AIRPT 2001-1 ABS Portfolio

MD-83 JT8D Oct-12 1 Purchase Jetran International GECAS

MD-83 JT8D Oct-12 1 Purchase MSN 53470 Air Capital Group

MD-83 JT8D Oct-12 1 Purchase Undisclosed Bank / Broker / Lessor AWAS

MD-83 JT8D Oct-12 1 Purchase - Lease Attached Air Capital Group Undisclosed Bank / Broker / Lessor

MD-83 JT8D Oct-12 1 Purchase - Lease Attached MSN 53052 World Atlantic Airlines Leasing

MD-83 JT8D Nov-12 1 Purchase ATA Air J.T.R. Company

MD-83 JT8D Nov-12 1 Purchase American Airlines GECAS

MD-83 JT8D Nov-12 1 Purchase ATA Air J.T.R. Company

MD-83 JT8D Nov-12 1 Purchase Bravo Airways Airtex Enterprises

MD-83 JT8D Nov-12 1 Jet Midwest Loan/Finance/Refinanced Amur Finance 1

MD-83 JT8D Dec-12 2 Purchase ATA Air J.T.R. Company

MD-83 JT8D Dec-12 1 Purchase Swift Aircargo Jet Midwest

MD-83 JT8D Dec-12 1 Purchase Zagros Airlines Khors Aircompany

MD-87 JT8D Jan-12 1 Allegiant Air Loan/Finance/Refinanced Citadel Securities

MD-87 JT8D Feb-12 1 1time Airline Loan/Finance/Refinanced Astrail Aviation One

MD-87 JT8D Apr-12 1 Purchase Corsair Two Strategic Air Finance

MD-87 JT8D Apr-12 1 Purchase SAS Tiger Aircraft Trading

MD-87 JT8D Apr-12 1 Purchase Strategic Air Finance SAS

MD-87 JT8D Jun-12 2 Allegiant Air Loan/Finance/Refinanced Citadel Securities

MD-87 JT8D Jul-12 1 Purchase Strategic Air Finance SAS

MD-87 JT8D Jul-12 2 Allegiant Air Loan/Finance/Refinanced Citadel Securities

MD-87 JT8D Sep-12 2 Purchase Corsair Two Strategic Air Finance

MD-87 JT8D Sep-12 1 Purchase Delta Air Lines SAS

MD-87 JT8D Sep-12 2 Purchase Kam Air Allegiant Air

MD-87 JT8D Sep-12 1 Purchase Strategic Air Finance SAS

MD-87 JT8D Oct-12 2 Allegiant Air Loan/Finance/Refinanced Citadel Securities

MD-88 JT8D Jan-12 2 Purchase Allegiant Air GECAS

MD-88 JT8D Jan-12 2 Allegiant Air Loan/Finance/Refinanced Citadel Securities

MD-88 JT8D Mar-12 17 Delta Air Lines Loan/Finance/Refinanced JP Morgan Chase Bank

MD-88 JT8D Apr-12 2 Purchase Infinity Trading & Solutions Dynamic Aviation Group

Page 77: Aircraft finance report 2013

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AircrAft finAnce 2013

aircrafT finance deals announced in 2012

aircraft model engine type Month Number of aircraft

customer Deal structure arrangers Debt provider equity providers buyer Seller

MD-82 JT8D Oct-12 1 Purchase GA Telesis HNB Investment

MD-82 JT8D Oct-12 1 Purchase - Lease Attached GA Telesis Citigroup Financial Products

MD-82 JT8D Nov-12 1 Purchase Air Capital Group Undisclosed Bank / Broker / Lessor

MD-82 JT8D Nov-12 1 Purchase Air Capital Group US Bancorp Equipment Finance | Algemene Bank Netherland

MD-82 JT8D Nov-12 3 Purchase LASER Aviation Leasing

MD-82 JT8D Nov-12 1 Purchase SAS MC Aviation Partners/Mitsubishi

MD-82 JT8D Nov-12 3 Jet Midwest Loan/Finance/Refinanced Amur Finance 1

MD-82 JT8D Dec-12 1 Purchase Jet Midwest Gryphon Airlines

MD-82 JT8D Dec-12 2 Purchase SAS MC Aviation Partners/Mitsubishi

MD-83 JT8D Jan-12 1 Purchase Caspian Airlines Global Air

MD-83 JT8D Feb-12 1 Purchase Austral Avcorp 115

MD-83 JT8D Mar-12 1 Purchase GA Telesis AWAS

MD-83 JT8D Mar-12 1 Purchase Zagros Airlines Khors Aircompany

MD-83 JT8D Apr-12 1 Purchase DANA Air Jet Midwest

MD-83 JT8D Apr-12 1 Purchase Undisclosed Bank / Broker / Lessor GA Telesis

MD-83 JT8D May-12 2 Purchase Pennant Aviation AIRPT 2001-1 ABS Portfolio

MD-83 JT8D Jun-12 1 Purchase Caspian Airlines J.T.R. Company

MD-83 JT8D Jun-12 1 Purchase Jetran International AFT 1999-1 ABS Portfolio

MD-83 JT8D Jun-12 1 Purchase Khors Aircompany Finaircraft

MD-83 JT8D Jun-12 1 Purchase Khors Aircompany Viking Airlines

MD-83 JT8D Jul-12 1 Purchase Jet Midwest AWAS

MD-83 JT8D Jul-12 1 Purchase Khors Aircompany Finaircraft

MD-83 JT8D Jul-12 1 Jetran International Loan/Finance/Refinanced Grand Bank of Texas

MD-83 JT8D Sep-12 1 Purchase - Lease Attached Undisclosed Bank / Broker / Lessor EAST 2000-1 ABS Portfolio

MD-83 JT8D Sep-12 1 Purchase ATA Air J.T.R. Company

MD-83 JT8D Sep-12 2 Purchase Caspian Airlines Khors Aircompany

MD-83 JT8D Oct-12 3 Purchase Jetran International AIRPT 2001-1 ABS Portfolio

MD-83 JT8D Oct-12 1 Purchase Jetran International GECAS

MD-83 JT8D Oct-12 1 Purchase MSN 53470 Air Capital Group

MD-83 JT8D Oct-12 1 Purchase Undisclosed Bank / Broker / Lessor AWAS

MD-83 JT8D Oct-12 1 Purchase - Lease Attached Air Capital Group Undisclosed Bank / Broker / Lessor

MD-83 JT8D Oct-12 1 Purchase - Lease Attached MSN 53052 World Atlantic Airlines Leasing

MD-83 JT8D Nov-12 1 Purchase ATA Air J.T.R. Company

MD-83 JT8D Nov-12 1 Purchase American Airlines GECAS

MD-83 JT8D Nov-12 1 Purchase ATA Air J.T.R. Company

MD-83 JT8D Nov-12 1 Purchase Bravo Airways Airtex Enterprises

MD-83 JT8D Nov-12 1 Jet Midwest Loan/Finance/Refinanced Amur Finance 1

MD-83 JT8D Dec-12 2 Purchase ATA Air J.T.R. Company

MD-83 JT8D Dec-12 1 Purchase Swift Aircargo Jet Midwest

MD-83 JT8D Dec-12 1 Purchase Zagros Airlines Khors Aircompany

MD-87 JT8D Jan-12 1 Allegiant Air Loan/Finance/Refinanced Citadel Securities

MD-87 JT8D Feb-12 1 1time Airline Loan/Finance/Refinanced Astrail Aviation One

MD-87 JT8D Apr-12 1 Purchase Corsair Two Strategic Air Finance

MD-87 JT8D Apr-12 1 Purchase SAS Tiger Aircraft Trading

MD-87 JT8D Apr-12 1 Purchase Strategic Air Finance SAS

MD-87 JT8D Jun-12 2 Allegiant Air Loan/Finance/Refinanced Citadel Securities

MD-87 JT8D Jul-12 1 Purchase Strategic Air Finance SAS

MD-87 JT8D Jul-12 2 Allegiant Air Loan/Finance/Refinanced Citadel Securities

MD-87 JT8D Sep-12 2 Purchase Corsair Two Strategic Air Finance

MD-87 JT8D Sep-12 1 Purchase Delta Air Lines SAS

MD-87 JT8D Sep-12 2 Purchase Kam Air Allegiant Air

MD-87 JT8D Sep-12 1 Purchase Strategic Air Finance SAS

MD-87 JT8D Oct-12 2 Allegiant Air Loan/Finance/Refinanced Citadel Securities

MD-88 JT8D Jan-12 2 Purchase Allegiant Air GECAS

MD-88 JT8D Jan-12 2 Allegiant Air Loan/Finance/Refinanced Citadel Securities

MD-88 JT8D Mar-12 17 Delta Air Lines Loan/Finance/Refinanced JP Morgan Chase Bank

MD-88 JT8D Apr-12 2 Purchase Infinity Trading & Solutions Dynamic Aviation Group

Page 78: Aircraft finance report 2013

AircrAft finAnce 2013

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aircrafT finance deals announced in 2012

aircraft model engine type Month Number of aircraft

customer Deal structure arrangers Debt provider equity providers buyer Seller

MD-88 JT8D Jun-12 1 Purchase Jet Tech International BBAM

MD-88 JT8D Jun-12 1 Purchase Taban Air Bukovyna Airlines

MD-88 JT8D Jul-12 10 Delta Air Lines Loan/Finance/Refinanced

MD-88 JT8D Jul-12 2 Vx Capital Partners Loan/Finance/Refinanced Pacific Western Bank

MD-88 JT8D Sep-12 1 Purchase Fossco Dynamic Aviation Group

MD-88 JT8D Nov-12 3 Vx Capital Partners Loan/Finance/Refinanced Pacific Western Bank

MD-88 JT8D Dec-12 1 Purchase Air Capital Group BBAM

MD-88 JT8D Dec-12 1 Purchase Taban Air Bukovyna Airlines

MD-90 V2500 Mar-12 9 AerSale Loan/Finance/Refinanced Wells Fargo Bank

MD-90 V2500 Mar-12 8 Delta Air Lines Loan/Finance/Refinanced JP Morgan Chase Bank

MD-90 V2500 Apr-12 25 Purchase AerSale Saudi Arabian Airlines

MD-90 V2500 Sep-12 6 Delta Air Lines Loan/Finance/Refinanced US Bank

MD-90 V2500 Dec-12 1 AerSale Loan/Finance/Refinanced Wells Fargo Bank

Q400 PW100 Feb-12 1 Purchase - Lease Attached BTV Leasing Schweiz Centaurium Aviation AG

Q400 PW100 Mar-12 4 Purchase SAS Sumitomo Mitsui Finance & Leasing

Q400 PW100 May-12 6 Operating Lease - Sale and Lease Back Nordic Aviation Capital Eurolot

Q400 PW100 Jun-12 5 Operating Lease - Sale and Lease Back Nordic Aviation Capital Olympic Air

Q400 PW100 Jun-12 1 Purchase AMRA Leasing Alliance & Leicester

Q400 PW100 Jun-12 5 Operating Lease - Sale and Lease Back Nordic Aviation Capital Olympic Air

Q400 PW100 Jul-12 5 Operating Lease - Sale and Lease Back Regional Equipment Trust Colgan Air

Q400 PW100 Jul-12 1 Purchase 3 Points Aviation SAS

Q400 PW100 Jul-12 1 Purchase Magellan Group Walker Aviation Leasing

Q400 PW100 Jul-12 1 Purchase Walker Aviation Leasing German Operating Aircraft Leasing (GOAL)

Q400 PW100 Jul-12 8 Operating Lease - Sale and Lease Back Regional Equipment Trust Colgan Air

Q400 PW100 Aug-12 1 Purchase Bombardier Magellan Group

Q400 PW100 Aug-12 13 Purchase Regional Equipment Trust Colgan Air

Q400 PW100 Aug-12 6 Jazz ECA / EXIM Export Development Canada

Q400 PW100 Aug-12 2 Luxair Finance Lease ElleGe

Q400 PW100 Aug-12 2 Regional Equipment Trust Loan/Finance/Refinanced Export Development Canada

Q400 PW100 Aug-12 2 Republic Airlines Loan/Finance/Refinanced Export Development Canada

Q400 PW100 Sep-12 1 Purchase AMRA Leasing Lloyds Bank

Q400 PW100 Sep-12 1 Purchase AMRA Leasing Walker Aviation Leasing

Q400 PW100 Sep-12 1 Purchase Undisclosed Bank / Broker / Lessor SAS

Q400 PW100 Sep-12 1 AMRA Leasing Loan/Finance/Refinanced NordLB

Q400 PW100 Sep-12 2 Operating Lease - Sale and Lease Back Nordic Aviation Capital Eurolot

Q400 PW100 Oct-12 2 Purchase Bombardier Horizon Air

Q400 PW100 Nov-12 1 Purchase Bombardier AMRA Leasing

Q400 PW100 Nov-12 1 Purchase L-3 Communications Advanced Aviation Bombardier

Q400 PW100 Nov-12 1 Luxair Finance Lease ElleGe

Q400 PW100 Dec-12 3 Purchase VEB-Leasing Luxair

SSJ 100-95 SaM146 Jun-12 20 Interjet ECA / EXIM Natixis Vnesheconombank

NOTE: Aircraft finance deals announced during 2012 with analysis by customer, financier and aircraft type.The aircraft transaction information contained in this section includes new and second-hand deals.SOURCE: Aviation Exchange (www.ascendworldwide.com/aviationexchange)

Page 79: Aircraft finance report 2013

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AircrAft finAnce 2013

aircrafT finance deals announced in 2012

aircraft model engine type Month Number of aircraft

customer Deal structure arrangers Debt provider equity providers buyer Seller

MD-88 JT8D Jun-12 1 Purchase Jet Tech International BBAM

MD-88 JT8D Jun-12 1 Purchase Taban Air Bukovyna Airlines

MD-88 JT8D Jul-12 10 Delta Air Lines Loan/Finance/Refinanced

MD-88 JT8D Jul-12 2 Vx Capital Partners Loan/Finance/Refinanced Pacific Western Bank

MD-88 JT8D Sep-12 1 Purchase Fossco Dynamic Aviation Group

MD-88 JT8D Nov-12 3 Vx Capital Partners Loan/Finance/Refinanced Pacific Western Bank

MD-88 JT8D Dec-12 1 Purchase Air Capital Group BBAM

MD-88 JT8D Dec-12 1 Purchase Taban Air Bukovyna Airlines

MD-90 V2500 Mar-12 9 AerSale Loan/Finance/Refinanced Wells Fargo Bank

MD-90 V2500 Mar-12 8 Delta Air Lines Loan/Finance/Refinanced JP Morgan Chase Bank

MD-90 V2500 Apr-12 25 Purchase AerSale Saudi Arabian Airlines

MD-90 V2500 Sep-12 6 Delta Air Lines Loan/Finance/Refinanced US Bank

MD-90 V2500 Dec-12 1 AerSale Loan/Finance/Refinanced Wells Fargo Bank

Q400 PW100 Feb-12 1 Purchase - Lease Attached BTV Leasing Schweiz Centaurium Aviation AG

Q400 PW100 Mar-12 4 Purchase SAS Sumitomo Mitsui Finance & Leasing

Q400 PW100 May-12 6 Operating Lease - Sale and Lease Back Nordic Aviation Capital Eurolot

Q400 PW100 Jun-12 5 Operating Lease - Sale and Lease Back Nordic Aviation Capital Olympic Air

Q400 PW100 Jun-12 1 Purchase AMRA Leasing Alliance & Leicester

Q400 PW100 Jun-12 5 Operating Lease - Sale and Lease Back Nordic Aviation Capital Olympic Air

Q400 PW100 Jul-12 5 Operating Lease - Sale and Lease Back Regional Equipment Trust Colgan Air

Q400 PW100 Jul-12 1 Purchase 3 Points Aviation SAS

Q400 PW100 Jul-12 1 Purchase Magellan Group Walker Aviation Leasing

Q400 PW100 Jul-12 1 Purchase Walker Aviation Leasing German Operating Aircraft Leasing (GOAL)

Q400 PW100 Jul-12 8 Operating Lease - Sale and Lease Back Regional Equipment Trust Colgan Air

Q400 PW100 Aug-12 1 Purchase Bombardier Magellan Group

Q400 PW100 Aug-12 13 Purchase Regional Equipment Trust Colgan Air

Q400 PW100 Aug-12 6 Jazz ECA / EXIM Export Development Canada

Q400 PW100 Aug-12 2 Luxair Finance Lease ElleGe

Q400 PW100 Aug-12 2 Regional Equipment Trust Loan/Finance/Refinanced Export Development Canada

Q400 PW100 Aug-12 2 Republic Airlines Loan/Finance/Refinanced Export Development Canada

Q400 PW100 Sep-12 1 Purchase AMRA Leasing Lloyds Bank

Q400 PW100 Sep-12 1 Purchase AMRA Leasing Walker Aviation Leasing

Q400 PW100 Sep-12 1 Purchase Undisclosed Bank / Broker / Lessor SAS

Q400 PW100 Sep-12 1 AMRA Leasing Loan/Finance/Refinanced NordLB

Q400 PW100 Sep-12 2 Operating Lease - Sale and Lease Back Nordic Aviation Capital Eurolot

Q400 PW100 Oct-12 2 Purchase Bombardier Horizon Air

Q400 PW100 Nov-12 1 Purchase Bombardier AMRA Leasing

Q400 PW100 Nov-12 1 Purchase L-3 Communications Advanced Aviation Bombardier

Q400 PW100 Nov-12 1 Luxair Finance Lease ElleGe

Q400 PW100 Dec-12 3 Purchase VEB-Leasing Luxair

SSJ 100-95 SaM146 Jun-12 20 Interjet ECA / EXIM Natixis Vnesheconombank

Page 80: Aircraft finance report 2013

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