ASL Aviation Holdings' chief financial officer Mark O'Kelly said the facility will be used through 2021 to partially finance the company's ongoing medium-haul fleet replacement programme.
'A total of 20 Boeing 737-800 aircraft will now be converted by the end of 2022, with the first three aircraft already delivered and aircraft four due later this month,' said ASL.
O'Kelly also added information about the subject.
'With a volatile market due to the impact of the pandemic, this new facility provides ASL with both stability and flexibility. It builds on our financial infrastructure to facilitate future capital expenditure and also enables us to manage our debt profile in Europe as required as the aviation industry works its way through the enduring effects of the pandemic,' said Mr O'Kelly.
ASL Aviation Holdings CEO Dave Andrew commented on how during the pandemic, the company maintained utilisation of about 80 per cent of the Group's global fleet of 140 aircraft, and has retained all 2,500 staff.
'Our airlines have continued to operate throughout the pandemic, carrying personal protection equipment and vaccines as well as industrial, business and personal goods that have been key for both the European economy and the well-being of citizens across Europe and the UK,' said Mr Andrew.
'It is very pleasing to see that a distinguished global financial institution like Goldman Sachs supports our market plans and positioning and feels that our confidence in the future is well founded. The global aviation industry has been devastated and a full recovery will take time, but ASL is gearing for growth in Europe while undertaking a fleet renewal programme that will reduce our fuel use and carbon emissions as we are committed to our industry target of net-zero emissions by 2050,' said Mr Andrew.