GTLK Europe has concluded a $340 million refinancing debt facility secured by a portfolio of 14 aircraft. The portfolio includes 5x A321-200s, 6x B737-800 and 3x A319s leased to Aeroflot, Globus, Germania and Bulgarian Eagle. This reported by General Electric Company press-service.

PK AirFinance, a GECAS company, was the mandated lead arranger of the transaction and provided the financing together with Credit Agricole CIB acting as co-arranger of the loans secured by the Aeroflot aircraft. PK AirFinance also acted as Agent and Security Trustee of the facility.

 'Understanding our requirements, PK AirFinance offered customized solutions to GTLK Europe. Tools, proposed by PK AirFinance, will promote business development in our company,' shares Roman Lyadov, CEO GTLK Europe.

'We're delighted to have established this new relationship with GLTK Europe,' explains Paul Meijers, President, PK AirFinance. 'We look forward to continue supporting GLTK as their portfolio expands.'

GTLK Europe DAC (GTLK Europe) is an international leasing company based in Dublin, Ireland. The company's main activities include leasing, trading, remarketing, asset management, as well as consulting on commercial aircraft and ship transactions. GTLK Europe is a wholly owned subsidiary of State Transport Leasing Company (STLC), Russia's largest leasing company. STLC is rated;  Ba2 (Pos) / BB- (Pos) / BB (Pos) by Moody's, Standard & Poor's and Fitch respectively.