Finnair completes sale and leaseback agreements for two Airbus 330 aircraft

HELSINKI, Finland--(BUSINESS WIRE)--
Finnair Plc. Stock Exchange Release 27 February 2014 8:40 a.m. EET

The sale and leaseback agreements of two Airbus 330 aircraft owned by Finnair have been finalized. The Memorandum of Understanding (MoU) on the transactions was signed on 13 December 2013.

The MoU includes also two ordered Airbus 350 aircraft, and sale and leaseback agreements for these two are expected to be concluded in H2 2015, when the first two A350s ordered by Finnair are delivered. The value of the arrangement covering all four aircraft is approximately EUR 320 million. More information on the arrangement is available in Finnair’s stock exchange release announced on 13 December 2013.