PDP Financing for Azorra
BayernLB provides a Pre-Delivery Payment Financing ("PDP Financing") for 11 Airbus A220-300.
The A220 brings together state-of-the-art aerodynamics, advanced materials and Pratt & Whitney’s latest-generation PW1500G geared turbofan engines boasting a range of 3,400nm. Featuring a 50% reduced noise footprint, 25% lower fuel burn per seat compared to previous generation aircraft as well as around 50% lower NOx emissions than industry standards, the A220 is a truly economical and community-minded aircraft.
John Evans, CEO from Azorra notes: “We are thrilled to welcome BayernLB as a valued lender to Azorra and look forward to a long lasting relationship.” Claudia Ziemer, Senior Director Finance, from Azorra, adds: “I am excited to introduce BayernLB to Azorra. We thank BayernLB for their financing support as Azorra grows its new technology aircraft fleet.”
Oliver Geldner, Sector Head Aviation & Space: “BayernLB is extremely pleased to add Azorra as a customer. We are happy to accompany Azorra on its impressive growth path with this PDP Financing.”
Azorra is a relationship-driven commercial aircraft lessor, providing lease, financing, and asset management solutions with a focus on regional, crossover and narrowbody aircraft. Azorra’s team is led by industry veterans with a shared history of success and a wealth of experience in aircraft leasing. The company is headquartered in Fort Lauderdale, Florida and has an office in Dublin, Ireland.