Corporate Trust & Agency Services (CTAS) provides a one-stop-shop solution for Air France securitisation

Deutsche Bank's CTAS has played a pivotal role in a ground-breaking aircraft securitisation project on behalf of Air France which closed on Monday July 7.

The purpose of the transaction was for Air France to obtain financing of €615 million for a total of 16 aircraft at market competitive rates. The issuer and purchasing companies are Special Purpose Vehicles located in Ireland and are administered by CTAS's Corporate Services team in Dublin. Other key administrative roles on the transaction including trustee, paying agent, account bank and cashflow manager will be provided by CTAS in London. Philippe Charbonnier, Relationship Manager in Deutsche Bank's Paris office, perform a key role in supporting the transaction and ensuring that the client was comfortable with the final product.

The deal was lead managed by Credit Lyonnais with Freshfields Bruckhaus Derringer and A&L Goodbody in Ireland advising.

This transaction demonstrates CTAS's ability to provide a comprehensive suite of administrative services to major clients like Air France on complex cross-border transactions.

For further information on CTAS's services please visit www.db.com/corporatetrust