The ECA financing, which is 95 percent EulerHermes-covered, is for four EC145 helicopters from Airbus Helicopters GmbH.
BayernLB acts as MLA, ECA Facility Agent vis-à-vis EulerHermes and Sole Lender for the EUR 22.8 million transaction. Oliver Geldner, Sector Head Aerospace at BayernLB: "In a very challenging environment, we have succeeded in a milestone transaction with the TAPSA financing, which reflects our profound expertise in the aviation sector and our outstanding position as an export financier."
The private airline TAPSA has 40 years of experience as an offshore service provider for oil rigs, executive transport, cargo flights or ambulances. Each year, it operates more than 42,000 flights and transports more than 110,000 people to their destinations on time.