Flying high

BayernLB finances new A321neo aircraft for Dynam Aviation

After the financing of three A321s in 2022, BayernLB closed the financing of the first out of another two new Airbus A321neo aircraft acquired by Dynam Aviation under a sale and lease back arrangement with Wizz Air.

The A321neo is the newest member of Airbus’ best-selling, single-aisle A320 Family, comfortably seating 180 to 220 passengers in a typical two-class interior layout. It is based on the latest available technology and provides double digit fuel and CO2 savings in comparison to its predecessor model, the A321ceo.

BayernLB’s Sector Aviation & Space arranged the club for this transaction, which was joined Commonwealth Bank of Australia via its Amsterdam Subsidiary. Oliver Geldner, Sector Head Aviation & Space at BayernLB, states: “We thank Dynam Aviation for the continued trust in BayernLB to arrange this transaction, which highlights our arrangement and structuring capabilities.”

Katsuhiko Ando, CEO of Dynam Aviation notes, “We very much appreciate the continued strong relationship with BayernLB supporting, arranging and successfully closing this transaction for us.”

Dynam Aviation is an Irish operating lessor, owned by Dynam Japan with ambitious growth plans focusing on the most fuel efficient, new technology aircraft.

Wizz Air, founded in 2004, carried 56.7 million passengers in the 12 months ending 30 September and according to CAPA – Centre for Aviation Awards for Excellence 2022 it is Europe’s fastest growing and most environmentally sustainable airline. Currently flying more than 850 routes to more than 50 countries, Wizz Air was recently named one of the world's top ten safest airlines by, the world's only safety and product rating agency, Airline of the Year by Air Transport World (ATW) in 2020 and Airline of the Year by Air Transport Awards in 2019 and in 2023. The company has also been recognised as the „Most Sustainable Low-Cost Airline” within the World Finance Sustainability Awards 2022 and the „Global Environmental Sustainability Airline Group of the Year” by the CAPA-Centre for Aviation Awards for Excellence 2022.