Singapore Aircraft Leasing Enterprise (S.A.L.E.) has completed a finance package for one Airbus A321 on long-term lease to German carrier Aero Lloyd. The US$32.8 million loan was arranged and provided by ING Structured Finance in Singapore, in its first ever deal with S.A.L.E.
S.A.L.E. Managing Director Robert Martin said that the lessor had now raised over US$250 million in funding over the last six months.
“Despite the difficult market environment of recent months, S.A.L.E. has been able to maintain the full confidence of the financial community,” he said. “We are extremely proud to add ING to a banking group which now includes over 40 top names in international finance.”
Established in 1993, S.A.L.E. has swiftly grown to become one of the world’s leading aircraft lessors. The company currently has a portfolio of 39 modern aircraft, with another 32 on firm order from Airbus and Boeing for delivery through 2008.
Offering truly global coverage, S.A.L.E. has offices in Singapore, London, Washington D.C. and San Diego, California.
ING Structured Finance is part of the wholesale banking arm of the ING Group.
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