Finnair has signed Momerandum of Understanding on the sale of three Embraer 170 aircraft
ET | Source:Finnair Oyj
Finnair Plc Stock Exchange Release 5 May 2014 at
Finnair Aircraft Finance Oy, Finnair's fleet management subsidiary, has signed a
Memorandum of Understanding with Infinity Aviation Capital LLC, a US-based
aircraft leasing company, on the sale of three Embraer 170 aircraft to
affiliates of Infinity Aviation Capital LLC. The value of the arrangement is
approximately USD 40 million, and the transactions are expected to close in the
second half of 2014. The sale of the three aircraft will not have significant
impact on Finnair’s 2014 result.
Two of three aircraft are currently operated by Kenya Airways and one by
Aeroliteral Mexico. At the time of the transaction, all three aircraft will be
operated by Aeromexico Connect.
The transactions are a part of Finnair’s aim to focus on its core business.
After the sale, Finnair Aircraft Finance owns only aircraft operated by Finnair
or its affiliated company Flybe Finland. The fleet operated and owned by Finnair
is presented on the company’s website at www.finnairgroup.com.
Finnair communications, +358 9 818 4020, comms(a)finnair.com
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