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Overview

ICBC Financial Leasing provides lease to refinance 4 Airbus aircraft already on lease to Wizz Air

Commitment Year•2020Country of Activity•HungaryDirect Recipient Country of Incorporation•JerseySector•Transport And StorageFlow Type•Loan

Status

Project lifecycle

Completion

Pipeline: PledgePipeline: CommitmentImplementationCompletion

Timeline

Key dates

Commitment date
Jan 1, 2020

Geospatial footprint

Map overview

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This project refinanced 4 Airbus aircraft on lease by Wizz Air Group, which is headquartered at Laurus Offices, Kőér street 2/A, Building B | H-1103 | Budapest, Hungary. More detailed locational information can be found at: https://www.openstreetmap.org/way/192394361.

Stakeholders

Organizations involved in projects and activities supported by financial and in-kind transfers from Chinese government and state-owned entities

Ultimate beneficial owners

At least 25% host country ownership

Funding agencies

State-owned companies

  • ICBC Financial Leasing Co., Ltd. (ICBCFL) (ICBC Leasing)

Receiving agencies

Private Sector

  • Wizz Air

Loan desecription

ICBC Financial Leasing refinances 4 Airbus aircraft on lease to Wizz Air

Interest type•Unknown

Narrative

Full Description

Project narrative

Prior to July 15, 2020, Wizz Air and ICBC Financial Leasing refinanced Airbus aircraft on lease to Wizz Air.

Staff comments

1. Possibly related to ICBC Financial Leasing's 2013 leaseback agreement with Wizz Air to fund its acquisition of eight Airbus aircraft (see Record ID#91989).