DUBLIN, Jan. 10, 2014 /PRNewswire/ -- Aviation Finance Company Limited (AFC) announced the completion of a follow-on financing for Synergy increasing the pre-delivery payment (PDP) facilities for Synergy's A330 orders to over $294 million. This follows the first ever multi-tranche debt capital market $263 million Pre-Delivery Payment (PDP) financing for 8 Airbus A330 completed in 2013. AFC had the PDP facility rated for insurance investors. Synergy is the majority owner of Avianca, a leading Latin American airline conglomerate. Airbus will deliver nine A330-200s to the group. The aircraft will operate in the group's expanding network around the globe.
About Synergy Aerospace Ltd.
Synergy Aerospace is a South American conglomerate. Headquartered in in Sao Paulo, Brazil, the Group operates Avianca Brazil throughout Brazil and controls Avianca a conglomerate of former, AviancaTaca, Aerogal, Tampa and other smaller regional airlines, that operate in the Americas and, to and from Europe. Through Synergy Aerospace's parent company, Synergy Group, the company actively explores oil throughout the region, operates ship building facilities and operates among other businesses in oil services, transport, radiochemistry and radiopharmaceuticals.
About Aviation Finance Company Limited
AFC invests in aviation businesses, financing aircraft and infrastructure critical to the development of global transportation. AFC is a complementary partnership between highly successful aviation advisory firms, large investment managers and investment banks. AFC was founded with the view that the aviation industry requires permanent and dedicated capital for financing aircraft purchases. As a reliable investment partner and financial advisor to airlines and other operators, the company prides itself on a partnership business model to support the steady growth of the transportation sector.
SOURCE Aviation Finance Company Limited