MUFG leads senior secured aircraft and engine portfolio financing for Viva Aerobus
The USD 154 million senior secured portfolio financing will support the client’s acquisition of four A320ceo aircraft and four spare PW133 GTF engines, supporting the company in its expanding trajectory.
New York, NY (May 22, 2024) – Mitsubishi UFJ Financial Group (MUFG) is pleased to announce the closing of a USD 154 million senior secured portfolio term loan for Viva Aerobus (Viva).
The structured facility will support Viva’s acquisition of four A320ceo aircraft and four PW133 GTF engines. MUFG acted as the mandated lead arranger and structuring agent for the Mexican ultra-low-cost carrier.
“We are pleased to announce the successful completion of our structured facility and are excited about this new partnership with MUFG,” says Christian Ramos, Chief Financial Officer at Viva Aerobus. “With this transaction, we continue adding flexibility to our fleet and supporting our long-term growth plans, while strengthening our capital structure. We sincerely appreciate MUFG’s interest in Viva and hope to build on it in future transactions. I want to thank and recognize Ciprian Rodriguez, Viva’s Fleet Executive Director, and the Viva and MUFG teams for the efforts and hard work that made this successful transaction possible.”
“Viva has an impressive and successful track record,” says Benoist de Vimal, Head of Origination Americas at MUFG. “MUFG is very pleased to start the relationship with Viva and proud to support the growth of the company through this unique financing facility, combining aircraft and engines, which will be core to the airline’s fleet going forward.”
Press contact:
Oksana Poltavets
T: +1-646-767-1326
opoltavets@us.mufg.jp
About MUFG and MUFG Americas
Mitsubishi UFJ Financial Group, Inc. (MUFG) is one of the world’s leading financial groups. Headquartered in Tokyo and with over 360 years of history, MUFG has a global network with approximately 2,100 locations in more than 50 countries. MUFG has nearly 160,000 employees and offers services including commercial banking, trust banking, securities, credit cards, consumer finance, asset management, and leasing. The Group aims to be “the world’s most trusted financial group” through close collaboration among our operating companies and flexibly respond to all the financial needs of our customers, serving society, and fostering shared and sustainable growth for a better world. MUFG’s shares trade on the Tokyo, Nagoya, and New York stock exchanges.
MUFG’s Americas operations, including its offices in the U.S., Latin America, and Canada, are primarily organized under MUFG Bank, Ltd. and subsidiaries, and are focused on Global Corporate and Investment Banking, Japanese Corporate Banking, and Global Markets. MUFG is one of the largest foreign banking organizations in the Americas. For locations, banking capabilities and services, career opportunities, and more, visit www.mufgamericas.com.
About VivaAerobus
Viva Aerobus is Mexico’s ultra-low-cost airline. It started operations in 2006 and today operates the one of the youngest aircraft fleets in America with 83 Airbus: 45 Airbus A320 and 38 Airbus A321. With a clear vision to give all people the opportunity to fly, Viva Aerobus has democratized the airline industry with one of the lowest fares in Mexico and one of the lowest cost structures in America, making their flights the best value offer.
For more information please visit: www.vivaaerobus.com/en
Walfred Castro, Corporate Communication Director, VivaAerobus:
walfred.castro@vivaaerobus.com