Finnair Oyj
Finnair initiates its long-haul fleet financing
Finnair Oyj 13.12.2013 08:45 Dissemination of a Adhoc News, transmitted by DGAP - a company of EQS Group AG. The issuer is solely responsible for the content of this announcement. --------------------------------------------------------------------------- The Company has signed Memorandum of Understanding on sale and leaseback of two Airbus 330 aircraft and two Airbus 350 aircraft Finnair Plc. Stock Exchange Release 13 December 2013 9:45 a.m. EET Finnair has signed a Memorandum of Understanding with global aircraft leasing and financing company GECAS (GE Capital Aviation Services) on the sale and leaseback of two Airbus 330 aircraft and two ordered Airbus 350 aircraft. The value of the arrangement is approximately EUR 320 million. The financial arrangement is a part of the long-haul fleet renewal program, in which the current Airbus 330 and 340 fleet will be replaced by the new generation of Airbus 350 aircraft. The divestment of the existing A330 and A340 fleet as a whole is not expected to have a significant impact on earnings in 2014 and 2015. The sale and leaseback agreements for the two A330 aircraft are expected to be concluded in the first half of 2014 and for the two A350 aircraft in H2 2015, when the first two A350s ordered by Finnair are delivered. The lease term for all four aircraft is 12 years on average and the lease terms have extension options. The proceeds from the arrangement will be used to finance Finnair's future fleet investments. Finnair has ordered eleven A350s and has options for eight additional aircraft. Finnair Plc. Communications Further information: Finnair Media Desk tel. +358 9 818 4020, comms(a)finnair.fi Distribution: NASDAQ OMX Helsinki Principal media News Source: NASDAQ OMX 13.12.2013 DGAP's Distribution Services include Regulatory Announcements, Financial/Corporate News and Press Releases. Media archive at www.dgap-medientreff.de and www.dgap.de --------------------------------------------------------------------------- Language: English Company: Finnair Oyj Finland Phone: Fax: E-mail: Internet: ISIN: FI0009003230 WKN: End of Announcement DGAP News-Service ---------------------------------------------------------------------------
Aktuelle News
Aktuelle Berichte
Keine Berichte gefunden
Anstehende Events
Keine Events gefunden
Webcasts
Keine Webcasts gefunden