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Direct News Source EastMerchant has successfully closed the sale and lease-back of two Boeing787-10 and one AirbusA350-900 aircraft between Singapore Airlines and Crianza Aviation, the Korean aircraft lessor. The transaction features a novel, multi-layered financing structure with the senior financing being supported by KfW IPEX-Bank / Balthazar for the AirbusA350-900 and the two Boeing787-10 financed by AFIC / NatixisSingapore and Apple Bank which is complemented by Korean mezzanine debt raised by Seoul based Cerritos Holdings as well as equity from Korean investors together with Crianza. Baldur Vander, Chief Executive Officer of Crianza, said: “We started work on this project in mid-2020 in the midst of high uncertainty and it makes us very proud that EastMerchant and Crianza have been able to bring together a large group of finance parties to support Singapore Airlines during unprecedented times. Crianza has successfully navigated through the pandemic while shield ....