State-owned Biman Bangladesh Airlines has won a US$277mn financing facility from JP Morgan to purchase two Boeing aircraft.
The 12-year loan facility is guaranteed by US Ex-Im and will be repaid quarterly.
Adeline Kow, JP Morgan’s head of export finance advisory for Asia Pacific says: “As this dynamic region continues to grow and develop, we are seeing a surge in interest from clients across all sectors seeking structured trade finance solutions. Many companies, particularly those based in emerging and frontier markets are aggressively expanding their business and seeking cost effective, large-scale funding to facilitate their strategic growth plans.”
This is the first aircraft delivery arising from Biman’s 2008 order placed with Boeing for 10 aircraft over the next decade.
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