Short-Term Borrowing Increase for Engine Prepayment
- Short-term borrowing increased by KRW 39.16 billion (USD 27,143,771.92 at rate 1,442.80)
- Purpose: Funding prepayment (PDP) for two TRENT 7000-72 engines for A330-900NEO aircraft
- Sale and leaseback (SLB) structure: lessor pays PDP, lease starts upon engine delivery
- Financial cost: based on PDP amount, floating at Term SOFR + spread
- 10.15% of equity (equity KRW 386 billion), not a large corporation
- Board resolution date: 2026-01-27, all 3 outside directors attended
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KOSPI Filing Information
- Filing: Decision on Increase of Short-Term Borrowings
- Company: Trinity Airways (091810)
- Submission: Trinity Airways Co., Ltd.
- Receipt: 05-15-2026
- Under KRX KOSPI Market Division