PK AirFinance provides Refinancing of 14 Aircraft to GTLK Europe

Nov 01, 2018

Luxembourg, November 1, 2018

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.

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.”


About PK AirFinance & GECAS

PK AirFinance (, a GECAS Company, is a leading provider and arranger of asset-based financing of commercial aircraft serving airlines, aircraft traders, lessors, investors, financial institutions and manufacturers worldwide.

GE Capital Aviation Services (GECAS) is a world leader in aviation leasing and financing. With 50 years of aviation finance experience, GECAS offers a wide range of aircraft types including narrow-bodies, wide-bodies, regional jets, turboprops, freighters and helicopters, plus multiple financing products and services including operating leases, purchase/leasebacks, secured debt financing, capital markets, engine leasing, and airframe parts management. GECAS owns or services a fleet of more than 1,900 aircraft (1,552 fixed wing/ 350 rotary wing) in operation or on order, plus provides loans collateralized on an additional ~320 aircraft. GECAS serves ~250 customers in over 75 countries from a network of 25 offices.

GECAS Media contact: James Luton | +1 203 842 5887 |

About GTLK Europe DAC

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.

Today, GTLK Europe owns and manages a portfolio of air and sea assets worth of over $1.9 billion. The portfolio includes 56 narrow-body and wide-body aircraft and 15 sea vessels. |