ING closes aircraft financing for Korean Air

Last week ING Bank closed a $403 million aircraft financing for Korean Air to fund the purchase of three aircrafts from Boeing. Out of the three aircrafts equipped with Pratt & Whitney engines, one is a 777-200ER passenger aircraft delivered on September 24, while the other two 747-400 freighter aircrafts are slated for delivery in October 2002 and February 2003.