Significant positive impact for Finnair with A350 Enter Into Service.

As Finnair announced in Dec/2013, it has made sale & leaseback agreements for its 2 first A350 aircraft with GECAS (GE Capital Aviation Services).

These agreements will be concluded in connection with the delivery of the respective aircraft, and the value of the transaction is approximately EUR 260 million.

This sale & leaseback agreements for A350s, jointly with the phase out of all Finnair’s remaining A340-300s constitute a significant positive impact that calculated at present EUR/USD exchange rates is expected to be approximately EUR 70 million.

Source: Airbus

Finnair has ordered a total of 19 new A350-900 XWB aircraft, and under the target delivery schedule it will receive 4 aircraft until the end of this year, 7 in 2016–2017 and 8 in 2018–2023.

Finnair will dispose of the 7 A340-300 aircraft it currently operates by the end of 2017, replacing them as the A350s are delivered and enter into service on Finnair’s scheduled traffic routes.

Source: Jujug Spotting

Airbus has agreed to acquire 4 A340-300 aircraft currently owned by Finnair in 2016 and 2017.

Based on the article “Finnair expects to gain €70 million with the replacement of the Airbus A340-300s with new A350-900s” published in World airline news