We collaborated with the Commonwealth Bank of Australia and Cathay Pacific Airways to finance a Boeing 777-300ER aircraft
Standard Chartered Bank (“Standard Chartered”) and Commonwealth Bank of Australia (“CBA”) have successfully closed the financing of a new Boeing B777-300ER aircraft for Cathay Pacific Airways (“Cathay Pacific”). The finance lease facility was jointly arranged and underwritten by Standard Chartered and CBA. Standard Chartered also acted as the Facility Agent and Security Trustee for the transaction.
Commenting on this successful transaction, Simon Perkins, Chief Commercial Officer, Aviation Finance at Standard Chartered Bank, said, “We are very pleased to have played a leading role, in partnership with CBA, in facilitating this latest financing for Cathay Pacific. Standard Chartered’s experience and expertise in aircraft financing has enabled us to continuously stay relevant to the needs of our clients by providing innovative financing solutions. We look forward to deepening this long term relationship with Cathay Pacific as they pursue their growth plans.”
Nick Fletcher, Global Head of Structured Asset Finance at Commonwealth Bank of Australia, said, “Commonwealth Bank of Australia is delighted to add a client the calibre of Cathay Pacific to our growing aviation portfolio. The opportunity to partner with Cathay Pacific and Standard Chartered is testament to our capability in global aviation finance and this transaction epitomises Commonwealth Bank of Australia’s aviation strategy of aligning with high quality clients to help them achieve their financing goals. CBA and Standard Chartered partnered extremely well to deliver an efficient and smooth transaction for Cathay Pacific, and we hope to build upon this with many more transactions in the future.”
For further information, please contact:
Valerie Tay
Senior Manager, Global Communications
Standard Chartered Bank
+65 6596 9284
Valerie.Tay@sc.com
Commonwealth Bank of Australia
Commonwealth Bank of Australia Group is Australia’s leading provider of integrated financial services, including retail, premium, business and institutional banking, funds management, superannuation, insurance, investment and share-broking products and services.
As Australia’s largest bank, we have more branches, ATMs, EFTPOS networks, agencies and 24/7 call centres, as well as an internationally-recognised internet banking service. The Group’s vision is to excel at securing and enhancing the financial wellbeing of people, businesses and communities. Commonwealth Bank is a long-standing supporter of the community and contributes to individuals, schools, communities and organisations through the Staff Community Fund, sponsorship programs, volunteering and community grants.
Commonwealth Bank commenced operations in 1912 and today the Group has grown to a business with more than 800,000 shareholders, 52,000 employees and offers a full range of financial services to help Australians build and manage their wealth, with established businesses in New Zealand, USA, Europe and the Asia-Pacific region.