Air Canada makes profit turning over Boeing 787s
Strong demand for the Boeing 787 among the world’s airlines has created a profitable side-line for Air Canada – selling some of its 787 aircraft and leasing them back. Air Canada sold 2 of its newest planes last year for C$351m and leased them back, recording a $19m gain on the sale, and it expects to sell and lease back more 787s this year, CFO Michael Rousseau said Wednesday. “When we committed to buy these planes from Boeing many years ago, we had negotiated a fairly good price and today’s market is slightly higher than what we had negotiated as a cost price from Boeing,” he said. The airline has sold and leased back 4 or 5 of the 24 wide-bodied 787s it has received so far and will probably sell about 10 of the 37 it is scheduled to receive in total from Boeing when deliveries end in 2019, he said. <br/>
https://portal.staralliance.com/cms/news/hot-topics/2017-03-10/star/air-canada-makes-profit-turning-over-boeing-787s
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Air Canada makes profit turning over Boeing 787s
Strong demand for the Boeing 787 among the world’s airlines has created a profitable side-line for Air Canada – selling some of its 787 aircraft and leasing them back. Air Canada sold 2 of its newest planes last year for C$351m and leased them back, recording a $19m gain on the sale, and it expects to sell and lease back more 787s this year, CFO Michael Rousseau said Wednesday. “When we committed to buy these planes from Boeing many years ago, we had negotiated a fairly good price and today’s market is slightly higher than what we had negotiated as a cost price from Boeing,” he said. The airline has sold and leased back 4 or 5 of the 24 wide-bodied 787s it has received so far and will probably sell about 10 of the 37 it is scheduled to receive in total from Boeing when deliveries end in 2019, he said. <br/>
