Amedeo Air Four Plus Limited, via its wholly-owned subsidiary AA4P Eta Limited (“AA4PE”), on 28 July 2016 purchased directly from The Boeing Company one 777-300ER aircraft bearing manufacturer’s serial number 42334 at a net cost of US$173 million. The aircraft is the seventh asset to be acquired by the company.
In connection with the acquisition of the Aircraft, AA4PE drew down senior debt financing in accordance with a senior loan agreement entered into with a syndicate of lenders (led by Westpac Banking Corporation, China Construction Bank Corporation, and National Bank of Abu Dhabi PJSC) in the amount of US$125,000,000 as well as junior debt financing in the amount of US$25,000,000 pursuant to a junior loan agreement entered into with National Bank of Abu Dhabi PJSC. Upon delivery of the Aircraft, AA4PE also entered into an Aircraft Operating Lease arrangement with Emirates Airline pursuant to which the aircraft has been leased to Emirates for a term of 12 years, with fixed lease rentals for the duration. Following this purchase, the company now owns six A380s and one 777-300ER which have all been leased to Emirates.
AA4 : Amedeo buys its first Boeing 777-300ER