29 December 2015

Finnair sales & leaseback 2 A350s with GECAS.

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.

Source: A380_TLS_A350

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.

Source: Airbus

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.

Source: Airbus

Disclosures on financing arrangements for the A350 aircraft will be made as those agreements are finalized.

Source: Airbus

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.

1 comment:

  1. There was a mistake in the post. Fixed.
    There are 7th and 8th aircraft, msn51 and msn97.
    thanks for your comments