Tiger Airways has entered into an agreement with Standard Chartered bank to finance pre-delivery payments (PDP) on 14 new aircraft it has on order.
“Standard Chartered Bank has been mandated to arrange and sole finance a Singapore Dollar-denominated structured PDP financing arrangement for Tiger Airways, relating to a total of 14 Airbus 320s scheduled for delivery by March 2013,” the bank said in a statement.
This content is available exclusively to Australian Aviation members.
To unlock all Australian Aviation magazine content and again unlimited access to our daily news and features, become a member today. A monthly membership is only $5.99 or save with our annual plans.
Unlimited access to all Australian Aviation digital content
Access to the Australian Aviation app
Australian Aviation quarterly digital magazines
Access to In Focus reports via our app
Access to our Behind the Lens photo galleries and other exclusive content
Daily news updates via our email bulletin
Standard Chartered has provided finance for PDPs on 11 other A320s ordered by Tiger, while the airline has also received export credit agency backed finance for nine other aircraft.
iscover
Australian Aviation quarterly print & digital magazines
