📋 Tender Overview
The Japan Bank for International Cooperation (JBIC; Governor: HAYASHI Nobumitsu) signed today a loan agreement amounting to up to USD75 million (JBIC portion) with Total Engine Asset Management Pte. Ltd. (TEAM), a Singaporean company indirectly invested in by Marubeni Corporation and Singapore Technologies Engineering Ltd. The loan is co-financed with private financial institutions*1, bringing the total co-financing amount to USD155 million.
The loan is intended to provide the funds necessary for TEAM to procure spare aircraft engines to conduct its aircraft engine leasing business.
TEAM is a Singapore-based aircraft engine leasing company with a portfolio of 88 aircraft engines as of the end of December 2024. It aims to secure a competitive advantage in the aircraft engine leasing industry and increase profit-earning opportunities by further expanding the number of engines it owns and manages, especially new engines with excellent fuel efficiency. This loan will financially support this aspiration, thereby contributing toward maintaining and improving the international competitiveness of the Japanese aircraft engine leasing industry, as well as strengthening the supply chain for the aircraft engines.
As Japan's policy-based financial institution, JBIC will continue to financially support the overseas business expansion of Japanese companies by drawing on its various financial facilities and schemes for structuring projects, and by performing its risk-assuming function, in collaboration with private financial institutions
