Crianza Aviation launches Sustainability Linked Operating Leases

Crianza Aviation has successfully arranged Sustainability Linked Operating Leases with a global airline, in relation to certain Boeing 787 and Airbus A350 aircraft. The transactions are linked to the airline’s MSCI ESG rating, which will undergo periodic review and validation. The Operating Leases include a two-way step-up / step-down pricing mechanism, to incentivize improvements in the airline’s ESG performance and demonstrate commitment to its sustainability strategy.

They are believed to be the first Sustainability Linked Operating Leases structured for an airline. Banco Santander acted as the ESG Structurer of the deal.
 
The Sustainability Linked Operating Leases further enhance the quality of Crianza’s portfolio, which has performed robustly during the pandemic.
 
Baldur Vander, CEO of Crianza Aviation, commented:

“We are very pleased having been able to implement this novel structure based on the strong relationship and close collaboration between the teams involved. It provides an excellent example of Crianza’s strategy of providing added value to its airline clients and actively addressing a global topic of key importance for its clients as well as the whole aviation industry.”