OCTOBER 6TH, 2015
Standard Chartered and EVA inked sale and leaseback transaction for two A330-300 aircraft
6 October 2015, Singapore / Taipei – EVA Airways (“EVA”) and Standard Chartered Bank (“Standard Chartered” or the “Bank”), through its award winning Aviation Finance team, Pembroke, have successfully signed a multi-million Sale and Operating Leaseback transaction for two Airbus A330-300 aircraft scheduled to be delivered in 2017.
This transaction is the first Sale and Operating Leaseback transaction for a Taiwan-based client for Standard Chartered. It highlights the Bank’s commitment to Taiwan and EVA as well as its strategy of leveraging its global team and world class innovative financial products to support the international expansion of Taiwanese corporate and institutions.
Glenn Chai, Executive Vice President of EVA, commented, “From our maiden flight on 1 July 1991, EVA has grown to become one of the world’s leading airlines with a modern fleet of nearly 70 aircraft and a network that links more than 60 major cities, stretching throughout Asia and China to Europe, North America and Oceania. As we continue to expand our fleet, we will work with trusted partners toward achieving our goals. We are happy to have Standard Chartered Bank on board in support of our vision for continued business and fleet growth.”
Sheila Chuang, Head of Corporate and Institutional Clients, Standard Chartered Taiwan, said “The Bank aspires to support the growth and investment of our clients. We are honoured to have assisted EVA in this transaction. The deal is a testament of our capability to provide tailored solutions to meet clients’ needs. This transaction has further enhanced Standard Chartered’s leading position in serving the aviation industry with a comprehensive suite of financial products.”
Commenting on the transaction, Kieran Corr, Head of Aviation Finance, Standard Chartered said, “We are delighted to have structured and arranged this transaction for EVA. It demonstrates Standard Chartered’s capabilities and commitment to partnering with core clients in the region. We are proud to be supporting EVA as they expand their fleet to meet increasing air traffic demand across their network.”