Finnair takes delivery of its eighth A350 aircraft and closes a sale and leaseback agreement
Finnair Plc Investor News 4 April 2017 at 1:00 pm EET Finnair has finalised an arrangement, announced previously as a memorandum of understanding, by which it sells the Airbus A350 aircraft delivered yesterday, to GE Capital Aviation Services Limited (“GECAS”) and leases the aircraft back for its own operation. The initial lease period is 12 years, and the lease includes extension options. The arrangement has a positive effect of approximately 50 million euro on Finnair’s operating result for the second quarter of 2017, comprising a gain on sale and currency gains