Military Mutual Aid Association, Air Asia aircraft funds, 20.7 billion won investment decisions

[Korea financial newspaper goyounghun News] Military Mutual Aid Association said it has decided to $ 18.1 million (about 20.7 billion won) Investment in M ​​plus funds to buy 20 days AirAsia long-term and installment contracts entered into A320neo aircraft subordinated loan from European banks.

After this aircraft fund is Asia's largest low-cost airline AirAsia is operating Airbus (Airbus) aircraft lease the A320neo Creed 3 is manufactured to business expansion, the installment to repay the principal and interest on the fund structure.

SPC has procured funds through the purchase of aircraft wire, subordinated loan agreement with the European banks, the Military Mutual Aid Association is a national fund that invests in the purchase of subordinated loans. And funds that invest in aircraft operated by Air Asia are two double credo stands as 3 aircraft, the remaining one will be laid this year in India.

Fund period is about 12 years, the expected yield is about 5.5%, fund operations is expected to operate the asset management subsidiary of M plus the Military Mutual Aid Association.

Air Asia is considered to be a low-cost airline in Asia No. 1 high operating efficiency and growth potential of Southeast Asia as a private airline, which operates domestic flights and international flights to the main air base to conduct business under the holding company. This time A320neo aircraft type investment fund transactions as are many small and medium-sized aircraft, the first in January's flagship compact model in India Airbus (Airbus) last year.

Mutual Aid Association side of this aircraft funds that airlines pay the installment principal and interest that include principal and interest until maturity, and when installment principal and interest repaid Air Asia is a risk of such aircraft sale savings compared to an operating lease scheme as a condition for the acquisition of the aircraft said structure.



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