El Al seals financing for first 787-8
El Al has signed for the financing of its first Boeing 787-8, which is scheduled for delivery during November. The airline is intending to acquire 16 787s, of which it has received 12 – all of them the larger -9 variant. El Al Monday signed a $125m financing agreement to purchase its first 787-8 from Boeing. The financing takes the form of a JOLCO structure, the airline adds, with the aircraft held by a special-purpose vehicle and transferred to the carrier's ownership after 10 years. El Al is to receive four 787-8s, of which two aircraft are being purchased from the US airframer. All of its 787s are being fitted with Rolls-Royce Trent 1000 powerplants. El Al has been introducing the 787s as it phases out its Boeing 767-300ER and 747-400 fleets. <br/>
https://portal.staralliance.com/cms/news/hot-topics/2019-11-27/unaligned/el-al-seals-financing-for-first-787-8
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El Al seals financing for first 787-8
El Al has signed for the financing of its first Boeing 787-8, which is scheduled for delivery during November. The airline is intending to acquire 16 787s, of which it has received 12 – all of them the larger -9 variant. El Al Monday signed a $125m financing agreement to purchase its first 787-8 from Boeing. The financing takes the form of a JOLCO structure, the airline adds, with the aircraft held by a special-purpose vehicle and transferred to the carrier's ownership after 10 years. El Al is to receive four 787-8s, of which two aircraft are being purchased from the US airframer. All of its 787s are being fitted with Rolls-Royce Trent 1000 powerplants. El Al has been introducing the 787s as it phases out its Boeing 767-300ER and 747-400 fleets. <br/>
