|
Cargolux Airlines International S.A. announced that the airline took delivery of its second Boeing 747-8 freighter aircraft for 2013. LX-VCH, ‘City of Dudelange’, which will land in Luxembourg on Thursday morning, is the eighth delivery for Cargolux of this new generation wide-body freighter since 2011. For the financing of the latest 2 additions to its fleet, the airline launched two bonds secured by the Export-Import Bank of the Unites States (Ex-Im Bank) for an aggregate amount of over US$ 300 million in March and May of this year respectively.
The bond issues allowed Cargolux to benefit from both the low interest rate environment and low margins due to the strong demand for this type of product. The bonds were arranged by Crédit Agricole Corporate and Investment...
|