Pegasus Airlines has approached the market seeking financing for up to 14 aircraft, comprising seven Airbus A320neos and seven A321neos, market sources indicate.
The Turkish airline is considering on-balance sheet aircraft financing options, which include export credit agency-supported loans, commercial loans, Islamic financing, tax leases and private insurance coverage, including Airbus’ Balthazar product.
Pegasus is understood not to have any interest in sale and leaseback proposals, sources say.
The aircraft are scheduled to be delivered during 2019.
The request for proposals (RFP) was sent in late June and Pegasus aims to mandate financing parties by 31 August. The first aircraft delivery is scheduled for January 2019.
Airfinance Journal reported on 13 June that Pegasus was working on an Aircraft Finance Insurance Consortium (AFIC) deal to finance up to three Boeing 737-800s arriving this month.