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Finnair Enters Lease Agreement for Its 17th Airbus A350

MIAMI – Finnair (AY) has found a new way to finance its 17th Airbus A350 on order by entering a lease financing agreement with JLSP Holding Ireland Ltd, which shall be both the lessor and the lender.

According to nouvelles-du-monde.com, the change is part of AY’s efforts to restore itself and navigate the current crisis impacting global air trade by achieving cost savings and pursuing traditional and conventional liquidity enhancement schemes.

Under this scheme, the aircraft is purchased by a third party and then leased back to the airline. According to aviator.aero, the A350 concerned by this plan is the read more ⇒

Source:: “Airways Magazine”

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