Finnair moves forward with refinancing plan: sale and leaseback agreement for four A350 aircraft closed for cash proceeds in excess of 400 MUSD
Finnair Plc Stock Exchange Release 28 September 2021 at 9.00 a.m. EEST In conjunction with Finnair’s efforts to emerge from the corona crisis, the company is proceeding with its refinancing plan and has finalised a sale and leaseback arrangement for four of its Airbus A350 aircraft. In the arrangement, Finnair sold these aircraft – delivered between June 2017 and February 2019 – and has leased them back for its own operation. The operating lease period is, on average, 12 years and the counterparties are GE Capital Aviation Services (“GECAS”) and Pacific Investment