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Home BUSINESSFinnair to sell, lease out 2 Airbuses
Thu, 24 Dec, 2015 01:38:00 AM
FTimes- STT Report, Dec 24

The national flag carrier Finnair on Wednesday announced that it had entered a memorandum of understanding with GE Capital Aviation Services Limited on the sale and leaseback of two Airbus A350 aircraft.

According to a Finnair press release, the financing will cover Finnair’s 6th and 7th A350 deliveries, which are currently scheduled to enter the Finnair fleet in July 2016 and February 2017 respectively.

The value of the transaction based on the current foreign exchange rate is approximately 265 million euros.

The lease period is 12 years and it includes extension options.

Finnair has ordered a total of 19 new A350-900 XWB aircraft. The first Airbus A350 aircraft was delivered on October 7 and the second on December 14.

Finnair is expecting to have five A350-900 aircraft at the beginning of the second quarter of 2016, seven by the end of 2016, eleven by the end of 2017, and 19 by the end of 2023.

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