AirTran completes 737-700 financing with NORD/LB

AirTran Airways reports that it has signed a new financing arrangement with Norddeutsche Landesbank Girozentrale (NORD/LB) to provide permanent financing to the airline for Boeing 737-700 deliveries in 2011.

The low-fare carrier has now secured committed financing for all the Boeing 737-700 deliveries it has scheduled for 2011.

“Despite the challenging economic climate, we are delighted to announce the backing of NORD/LB for our 2011 aircraft deliveries,” remarked Steve Rossum, AirTran’s executive vice-president and general counsel. “NORD/LB is an important business partner for our airline, and we are proud of its continued confidence in our future.”

NORD/LB has been a long-time partner of AirTran Airways, dating back to the airline’s first owned Boeing 737-700 in 2004. “We are excited about supporting AirTran Airways in this important transaction,” commented Oliver Gruenke, deputy head of NORD/LB’s global aviation team. “The North American market has always been our focus area and we are delighted to combine a strong airline and the attractive Boeing 737 Next Generation product in this transaction.”

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