#United States #Seattle #Natixis CIB #Alaska Air Group #Boeing 737 MAX

Natixis CIB Finances Alaska Air's Acquisition of Boeing Aircraft

Natixis Corporate & Investment Banking (CIB) has recently announced a significant financial transaction supporting Alaska Air Group, based in Seattle. As the fifth-largest airline in the United States, Alaska Air is enhancing its operations through the acquisition of two Boeing aircraft: a Boeing 787-9 and a Boeing 737 Max 8. This financing is part of Alaska's strategic growth plan following its merger with Hawaiian Holdings Inc., which was finalized on September 18, 2024.

Financing Structure

The financing package provided by Natixis CIB comprises a senior secured term loan, ensuring that both aircraft are efficiently financed while maintaining favorable terms for Alaska Air. The loan was structured to support the operational needs of Hawaiian Airlines for the Boeing 787-9 and Alaska Airlines for the Boeing 737 Max 8. This transaction underscores Natixis's role not just as a lender but as a strategic partner in the airline's expansion efforts.

According to Cecilia Peteuil, Director of Aviation for Americas at Natixis CIB, the firm is excited to support Alaska Air Group in this crucial phase of their growth. The partnership with Alaska Air is a testament to Natixis CIB's commitment to providing tailored financial solutions that address the evolving needs of the aviation sector.

Alaska Air Group's Growth

Following the acquisition of Hawaiian Holdings, Alaska Air Group is integrating the operations and networks of both airlines to create a more comprehensive service portfolio that spans not only North America but also Asia, the South Pacific, and soon, Europe. This strategic integration is expected to enhance the competitive positioning of Alaska Air Group within the global aviation industry.

As part of their growth strategy, Alaska Air is focused on modernizing their fleet to improve efficiency and customer experience. The addition of the Boeing 787-9, a wide-body aircraft, allows Hawaiian Airlines to expand its international routes while the Boeing 737 Max 8 will enhance Alaska Airlines' domestic routes, providing more capacity and operational flexibility.

Natixis CIB's Commitment

Natixis CIB is a leading global financial institution specializing in advisory, investment banking, financing, and capital markets services. The firm operates in approximately 30 countries and is committed to fostering sustainable growth by aligning its portfolio with carbon neutrality goals by 2050. They are dedicated to helping their clients not only achieve financial success but also reduce their environmental impact, demonstrating a strong commitment to corporate social responsibility.

This financing agreement reflects the overall strength of Natixis CIB within the aviation finance sector and reinforces their position as a trusted advisor for airlines looking to grow and evolve in an increasingly competitive market.

Conclusion

The successful structuring of the financing for Alaska Air Group marks another milestone in Natixis CIB's continued investment in the aviation industry. As both airlines work towards integrating their operations, the successful financing of these two Boeing aircraft will play a critical role in supporting their expanded operational capabilities and growth ambitions. With the aviation market poised for recovery and expansion, Alaska Air Group is well-positioned to capitalize on this momentum, continuing to provide excellent service to its travelers across a broad network of destinations.