Jackson Square Aviation Announces Another Milestone with Its Receipt of Approval to Finance Airbus Deliveries with Export Credit Agency SupportSan Francisco, June 28, 2011
San Francisco, June 28, 2011 – Jackson Square Aviation (JSA), a full-service aircraft leasing company based in San Francisco, announces that it has received approval to finance Airbus deliveries subject to credit guarantees from the European Export Credit Agencies (ECA). JSA financed three aircraft subject to such guarantees in June 2011.
BNP Paribas acted as advisor to JSA and Natixis acted as agent and security trustee. Clifford Chance served as legal advisor to JSA, while Allen & Overy served as legal advisor to the ECAs and lenders. To date, JSA has borrowed from Apple Bank for Savings, Bayerische Landesbank and Credit Suisse for ECA-supported deliveries.
"It's exciting for us to have earned the backing of the ECAs for a small portion of our fleet, which is a landmark in the history of JSA and an endorsement of our global franchise," commented Scott Weiss, JSA's Chief Operating Officer and Head of Capital Markets. "It enables us to add another source of financing as we grow our industry-leading fleet and support the capital initiatives of our airline customers."
Jackson Square Aviation, LLC