Project ID: 96677

ICBC Leasing enters into a sale and leaseback agreement with AirAsia for four Airbus A320 aircraft

Summary

Funding agency [Type]

ICBC Financial Leasing Co., Ltd. (ICBCFL) (ICBC Leasing) [State-owned Company]

Recipient

Malaysia

Sector

Transport and storage (Code: 210)

Flow type

Loan

Level of public liability

Private debt

Infrastructure

No

Category

Intent

Commercial (The next section lists the possible statuses.)

Commercial

Development

Representational

Mixed

Financial Flow Classification

OOF-like (The next section lists the possible statuses.)

Official Development Assistance

Other Official Flows

Vague (Official Finance)

Flows categorized based on OECD-DAC guidelines

Project lifecycle

Status

Pipeline: Commitment (The next section lists the possible statuses.)

Pledge

Commitment

Implementation

Completion

Suspended

Cancelled

Milestones

Commitment

2011-01-01

Description

In 2011, ICBC Financial Leasing Co., Ltd. (ICBC Leasing) entered into a sale-and-leaseback agreement with Capital A Berhad (AirAsia), a Malaysian low-cost airline, for four Airbus A320 aircraft. The terms of this agreement are unknown.

Additional details

1. Sale and leaseback (or sale-leaseback) agreements are generally considered to be off-balance-sheet hybrid debt products.

Number of official sources

0

Number of total sources

1

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Details

Cofinanced

No

Direct receiving agencies [Type]

Capital A Berhad (AirAsia) (Formerly AirAsia Group Berhad) [Private Sector]

Loan Details

Bilateral loan

Lease agreement