AeroTurbine, a subsidiary of AerCap Holdings, has acquired a new credit facility. The company has increased its existing $328 million loan to a $425 million facility and has offered newer generation aircraft and engine types as eligible collateral under the facility.

The credit line was arranged by Credit Agricole Corporate and Investment Bank. The proceeds from the new loan will help the company acquire more aircrafts, engines and parts inventory.

Click here for the release fromPR Newswire.