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Finnair inks Airbus 321 sale/leaseback deal

Finland´s flag carrier Finnair said it has entered into an agreement with a Japanese aircraft leasing company NBB to sell and leaseback two new Airbus A321 Sharklet aircraft.

The transaction was arranged by US-based lessor BBAM, Finnair said. The lease periods are 12 years.

Finnair CFO Erno Hildén said that the current good state of the aircraft financing market allows sale and leaseback arrangements on very competitive terms.

The carrier has ordered in total five Airbus 321 Sharklet aircraft from Airbus. The first aircraft was delivered to Finnair on September 5, 2013. Two more aircraft will be delivered in the last quarter of 2013 and the final two in the first quarter of 2014. The announced sale and leaseback arrangement concerns the first two aircraft.

Finnair said that the new A321s will replace the four Boeing (NYSE: BA) 757 aircraft currently used in Finnair´s leisure traffic.

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