AS Air Baltic Corporation purchases aircrafts from MARRON B373 VENTURES IRELAND LIMITED


2012 - 11 - 15

MARRON B737 VENTURES IRELAND LIMITED has entered into the sale agreement with AS Air Baltic Corporation regarding the sale of four B737-500 series aircrafts. In order to secure the payment of the purchase price the parties have agreed to register commercial pledge over the sold aircrafts with the maximum secured amount of USD 6 500 000.

COBALT acted as MARRON B737 VENTURES IRELAND LIMITED’s transaction counsel.