Gulf carrier Etihad Airways has completed a leasing agreement for its second new A380 aircraft using funding from private investors in Korea.
The transaction, which runs as a 15-year finance lease, is the first time finance from Korea has been used to cover the cost of a new A380 aircraft.
The deal was arranged by London-based aviation finance firm Magi Partners with its Korean associates Youjee Partners.
The aircraft is the second of 10 A380s on order from Etihad.
The Abu Dhabi-based carrier’s CEO, James Hogan, said the deal could mark the start of a long-term partnership with investors in South Korea.