BBAM finances 4 aircraft with financing from MUFG

Mitsubishi UFJ Financial Group (MUFG) has announced it provided financing for aircraft for BBAM Aircraft Leasing and Management that are on long-term leases to Delta Air Lines, the company said.

was mandated as a lead arranger and structuring agent by BBAM Aircraft Leasing and Management to provide financing for four aircraft on long-term leases to Delta Air Lines.

MUFG served as lead arranger and structuring agent to provide a senior secured term loan facility for a portion of BBAM´s managed fleet.

The aircraft portfolio includes three Airbus A321-200 airliners and one Boeing B737-900ER airliner.

BBAM is a provider of asset origination and management services in the aircraft industry and had more than USD 28.9 billion in assets under management as of March 31, 2020.

MUFG is a financial institutions with approximately USD 3.1 trillion in assets.