Standard Chartered Bank closes deal with Delta Air Lines, Inc.on 14 May 2020
Standard Chartered Aviation Finance has closed the purchase and leaseback of six Airbus A321-200 aircraft (built in 2019 and 2020) with Delta Air Lines, a key client of Standard Chartered. The US deal was structured, financed and arranged exclusively by Standard Chartered Bank.
This is the third sale-leaseback transaction that Standard Chartered Bank has completed with Delta since 2017, bringing the total number of Delta aircraft in its operating lease portfolio to ten aircraft.
Over the past few years Standard Chartered has developed a multi-product-based business relationship with Delta and has provided an array of leasing and financing solutions.
Kieran Corr, Global Head, Aviation Finance & CEO, Standard Chartered Bank, says: “We’re very proud of our strong relationship with Delta and to be a trusted partner. Standard Chartered Bank is well positioned to support Delta to preserve liquidity during a time of great uncertainty for the aviation sector. We are focussed on leveraging the bank’s geographic footprint, wider corporate finance and capital market capabilities to provide tailored financing solutions to our airline clients.”