Bravia Capital Partners funds $245.7mm Hainan Airlines PDP Facilities
Bravia Capital Partners, Inc. (“Bravia”) has structured and financed three Pre-Delivery Payment (“PDP”) facilities for Hainan Airlines Company of China (“Hainan”). These facilities provided financing to Hainan for PDPs due to the Boeing Company, USA (“Boeing”) for two (2) B737-800NG aircraft and two (2) B787-8 Dreamliner aircraft and to Empresa Brasileira de Aeronáutica S.A, Brazil (“Embraer “) for twenty (20) E-190 aircraft.
“These financings have provided Hainan Airlines the ability to meet their short term obligations to the OEMs while maintaining maximum flexibility for long term financing options,” says Bravia CEO, Bharat Bhise. He adds, “We have worked with Hainan several times in the past and hope to continue to add value to this great company.”
Hainan Airlines Company is the fourth largest airline in China with 134 aircraft in operation. With bases in Beijing, Xi’an, Taiyuan, Urumchi, Guangzhou, and Lanzhou, they fly 500 domestic and international routes to 90 destination cities worldwide, including Budapest, Brussels, Osaka, Macao, Novosibirsk, St. Petersburg, Hong Kong, Astana, Bangkok, and Seoul. Visit Hainan on the web at www.hnair.com
Bravia Capital Partners, Inc. is a New York based structured finance and private equity firm that specializes in short-term and special situation financings. Visit Bravia on the web at braviacapital.com