Qantas Airways is raising $272 million from a loan that allows it to switch the types of aircraft used as collateral, Reuters informs. The loan is set to be the first aviation financing of this type.

The eight-year loan will help Qantas refinance part of $344 million in secured aircraft and other amortizing debt that matures in the financial year ending on June 30, 2018.

According to Reuters, the security for each loan includes a pool of Qantas planes that have not been pledged as collateral, including Airbus A320 family and Boeing 737 narrowbodies as well as A330 and 787 widebodies.

BNP and NAB banks confirmed their role in the loan. BNP Paribas is the sole structuring bank and, with National Australia Bank, is the joint mandated lead arranger and bookrunner.

The loan is the first of a series under a loan facility program set up by the Australian airline, which reported near-record profits year-to-date in June. In August 2017, the airlines reported that Qantas and Jetstar combined reached a record $865 million in underlying earnings (EBIT), making them the two most profitable airlines in Australia with around 90% of the total domestic profit pool.