Etihad Uses Korean Finance For Second A380

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.

TAGS: Middle East
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