Finnair has entered into a memorandum of understanding (MOU) with GE Capital Aviation Services Limited (GECAS), on the sale and leaseback of 2 Airbus A350-900 aircraft.
The financing will cover Finnair’s 7th (MSN51) and 8th A350 (MSN97) deliveries, which are currently scheduled to enter the Finnair fleet in July/2016 and February/2017, respectively.
The value of the transaction at present foreign exchange rates is approximately 265 million euro.
The lease period is 12 years, and it includes extension options.
Finnair has ordered a total of 19 new A350-900 XWB aircraft in the fleet or on order.
According to the currently anticipated delivery schedule, Finnair will have 5 A350-900 aircraft at the beginning of the Q2/2016, 7 by the end of 2016, 11 by the end of 2017, and 19 by the end of 2023.
Disclosures on financing arrangements for the A350 aircraft will be made as those agreements are finalized.
Finnair’s fleet consists of both owned and leased aircraft.
Based on the article “Finnair sells and leases back two Airbus A350-900s with GECAS” published in Airlinewire.