China Southern is in the process of finalising the purchase of an Airbus A380 with the help of JP Morgan and export credit agencies UK Export Finance (UKEF), Coface and Euler Hermes.

JP Morgan is acting as the agent bank on the deal.

When contacted by GTR, a spokesperson at UK Export Finance confirmed that it has received an application for the Airbus A380 deal and is currently working with the other ECAs involved to process the application.

A source close to the deal tells GTR that the transaction is due to close by the end of next week.