Natixis Corporate & Investment Banking ("Natixis CIB") announced the successful financing of two aircraft for Alaska Air Group, Inc. ("Alaska").
Based in Seattle, Alaska Air Group is the fifth largest airline in the United States. Following the acquisition of Hawaiian Holdings Inc. ("Hawaiian") on September 18, 2024, Alaska and Hawaiian are integrating into a combined carrier with a comprehensive network spanning North America, Asia, the south Pacific and soon, Europe.
Natixis CIB structured the financing as a senior secured commercial loan for one Boeing 787-9 aircraft operated by Hawaiian Airlines and one Boeing 737 Max 8 aircraft operated by Alaska Airlines. In this transaction, Natixis CIB served as the Mandated Lead Arranger and Lender.
Cecilia Peteuil, Director, Aviation Americas at Natixis CIB, stated: "We are thrilled to support Alaska Air Group in financing one wide-body aircraft for Hawaiian Airlines and one narrow-body aircraft for Alaska Air. We look forward to continuing our partnership with Alaska Air Group as they advance the integration with Hawaiian Airlines."