Synergy Increases PDP Facility For Airbus Order

Synergy, the majority owner of Latin American airline Avianca, has increased its pre-delivery payment (PDP) facilities for its order of A330 to over $294m. Aviation Finance Company (AFC) supplied the follow-on financing. This follows the first ever multi-tranche debt capital market $263m pre-delivery payment (PDP) financing, which was completed in last year and covers eight A330. Airbus will deliver nine A330-200s to Synergy. The aircraft will operate in the group's expanding network around the globe. 

TAGS: Airlines
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