Finnair closes a sale and leaseback agreement for one of its A350 aircraft
Finnair Plc Investor news 21 December 2018 at 9.00 EET Finnair has finalised a sale and leaseback arrangement for one of its A350 aircraft with Nomura Babcock & Brown Co., Ltd. (“NBB”), and BBAM Aircraft Management LP as an arranger and lease servicer. In the arrangement Finnair sold the Airbus A350 aircraft delivered in June 2016 to NBB and leased the aircraft back for its own operation. The initial operating lease period is 12 years, and the lease includes extension options. The arrangement has a positive effect of approximately 44 million euro on Finnair’s operating