Avianca Mulls Options for $2bn Fleet Financing

Colombia’s flagship airline Avianca is considering a handful of options to pay for its fleet renewal, which will include seven Boeing 787s and up to 35 Airbus craft of various models, according to executives close to the company. Avianca, owned by Synergy Aerospace Colombia, has hired Calyon to advise on debt financing options, which include syndicated loans, bonds and leases. Going public via an IPO is also one of the options being considered, and ECM bankers away from the deal say the company has already been approached by several firms for equity advice. Avianca is negotiating a $65m financing with HSH Nordbank.