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flydubai agrees financing for four B737-800NGs with Avolon

4-Nov-2010 8:53 AM

flydubai announced (03-Nov-2010) a sale and leaseback agreement on four B737-800NGs worth USD320 million with Avolon. The agreement comes just five weeks after the carrier announced a similar sale and leaseback agreement with GECAS and BBAM for nine aircraft, with the total value of the financing being more than USD1 billion. The agreements also means the carrier's next 13 aircraft are now completely financed, covering flydubai’s financing needs through to Dec-2011. [more]