Finnair executes largest sale-and-leaseback covering four A350s
Finnair has raised more than $400m in cash from a sale-and-leaseback covering four previously-delivered Airbus A350-900s, its largest single aircraft-financing transaction. The aircraft are being sold to lessors GECAS and Pacific Investment Management. Finnair will lease back the Rolls-Royce Trent XWB-powered twinjets for an average of 12 years, it says. The aircraft were originally delivered over the course of June 2017 to February 2019. Finnair says the transaction is part of its strategy to recover from the air transport crisis. It says the agreement will have an “immediate positive cash effect” although the impact on its Q2 operating result will not be significant.<br/>
https://portal.staralliance.com/cms/news/hot-topics/2021-09-29/oneworld/finnair-executes-largest-sale-and-leaseback-covering-four-a350s
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Finnair executes largest sale-and-leaseback covering four A350s
Finnair has raised more than $400m in cash from a sale-and-leaseback covering four previously-delivered Airbus A350-900s, its largest single aircraft-financing transaction. The aircraft are being sold to lessors GECAS and Pacific Investment Management. Finnair will lease back the Rolls-Royce Trent XWB-powered twinjets for an average of 12 years, it says. The aircraft were originally delivered over the course of June 2017 to February 2019. Finnair says the transaction is part of its strategy to recover from the air transport crisis. It says the agreement will have an “immediate positive cash effect” although the impact on its Q2 operating result will not be significant.<br/>
