Financing for airlines

    Due to globalisation and the emergence of new economic growth centres, especially in Asia, the aviation industry is forecast to grow steadily. Airlines are responding to the rising demand for passengers by appropriately expanding their capacities. In addition, fleets need to be continuously modernised in order to reduce their environmental impact. With our broad expertise, we offer airlines suitable financing structures for these projects.

    Financing case: six Airbus A350-900 for Singapore Airlines

    Project profile:

    • Term Loan Facility with a total transaction volume of SGD 900 million
    • Facility is provided to finance six Airbus A350-900 delivered by Airbus in 2017
    • Maturity of loan: ten years
    • Financing provided by a club of six banks

    Contribution of KfW IPEX Bank:

    • provided SGD 150 million of the loan facility and thus contributed to making the financing for the new generation widebody aircraft available
    • KfW IPEX-Bank was able to successfully expand the relationship with Singapore Airlines

    About Singapore Airlines

    • Primary hub: Singapore Changi Airport
    • World’s most awarded airline (e.g. TripAdvisor Best Airline in the World 2019; Skytrax Airline of the Year 2018)
    • Serves 63 destinations in 32 countries
    • Carried over 20 million passengers in FY 2018/19
    • Registered fleet in Singapore comprises 132 aircraft

    With this financing KfW IPEX-Bank supports German and European exports.