Netherlands-based aviation company AerCap Holdings’s consolidated joint venture AerVenture Limited has signed a facility agreement with Calyon S.A. and other banks and financial institutions, outlining the terms pursuant to which the European Export Credit Agencies may provide guarantees on up to $846 million of financing to commercial banks to fund deliveries of A320 family aircraft under AerVenture's forward order with Airbus through 2011.

The European Export Credit Agencies consist of Coface in France, ECGD in the United Kingdom, and Euler-Hermes in Germany.

The loans are to be provided by a syndicate of banks led by Calyon acting as Global Arranger and are subject to customary ECA requirements.

This completes the remaining financing requirement for the Airbus A320 family order of aircraft. The aircraft are part of an original 70 aircraft order placed by AerVenture Limited in January 2006.

In addition AerCap confirmed that it signed in February 2009 an $86 million Pre-delivery Payment Funding Facility with a European Financial Institution for three A330 aircraft on order with Airbus.