Global law firm White & Case LLP has advised ITA Airways on the issuance of $240 million in secured notes through a newly established Irish special purpose vehicle. The financing, spread over three notes issuances and listed on the Wien Stock Exchange’s Euro MTF Market, aims to fund the purchase of an Airbus A300neo and refinance the acquisition of two Airbus A330neo aircraft. Subscribed entirely by a vehicle managed by AIP Capital Limited, the transaction underscores ITA Airways’ commitment to modernizing its fleet and reducing its carbon footprint. The notes will be due in 2036 and serve a crucial role in ITA Airways’ 2023-2027 Strategic Plan, which targets having 90% of its fleet composed of environmentally friendly aircraft by the end of the plan.
Aviation, Financial Services, Legal Services,Italy, Ireland, United Kingdom, Austria
https://www.whitecase.com/news/press-release/white-case-advises-ita-airways-us240-million-secured-notes-issuance