Joint Arrangement of a Syndicated Loan for AIRDO with Local Financial Institutions Based on DBJ's Proprietary Employees' Health Management Rated Loan Program

AIRDO Co., Ltd. (headquarters: Sapporo, Hokkaido), which has dubbed itself the "wings of Hokkaido," is an airline carrier that connects Japan's northern island with its main island of Honshu. The company has developed airline routes to contribute to the development of local communities.

Serving as joint arrangers, DBJ and North Pacific Bank, Ltd., invited The Hokkaido Bank, Ltd., and JA Hokkaido Shinren-JA Bank Hokkaido to participate in a syndicated loan put together to finance AIRDO's purchase of a Boeing 767-300ER.

The newly acquired Boeing 767-300ER will be used to fly routes connecting Tokyo International Airport (commonly referred to as Haneda Airport) with airports within Hokkaido. The improvement in aircraft quality and the greater ability to respond to rises in demand for airline travel to Hokkaido will contribute to strengthening the competitiveness of AIRDO.

Regional efforts in the business of aircraft financing have been few. DBJ's financing activities supported the arrangement of this loan led by local financial institutions and were in line with AIRDO's corporate philosophy of "contributing to the development of local communities as the wings of Hokkaido."

Note that DBJ implemented its Employees' Health Management Rated Loan Program in the course of putting together this syndicated loan. This was the first time this rating system was applied to an airline company.