United States: GLOBAL TRADE REVIEW – "Best Deals of 2003" – Vietnam Airlines
Last Updated: July 1 2004

Pillsbury Winthrop represented Citigroup in its aircraft financing of a Boeing 777-200 for Vietnam Airlines Limited. Global Trade Review presented a 2003 Deal of the Year award for the transaction. This $101,000,000 financing was supported by guarantees issued by the Export-Import Bank of the United States and by the Government of the Socialist Republic of Vietnam. This transaction was the first US government-supported financing for the Vietnamese government in over 30 years and featured the achievement of the highest possible financing coverage, the longest period of repayment and the lowest risk premium for the airline.

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