18-Jul-2011 10:13 AM

American Airlines enters into sale-leaseback arrangement with AerCap

American Airlines entered (15-Jul-2011) into a sale-leaseback arrangement with AerCap to finance up to 35 B737-800 Next Generation aircraft, including 29 firm deliveries. Of the 29 firm deliveries, 26 are previously ordered aircraft and three are new. The arrangement also covers six B737-800 Next Gen aircraft subject to purchase rights that, if exercised by American, would be scheduled for delivery in 2013 – 2014. AerCap will purchase the aircraft from American and immediately lease the aircraft back to American under a sale-leaseback financing arrangement. Updating its previously announced fleet schedule, American has exercised an option to purchase three additional 737-800 Next Generation aircraft. As of 01-Jul-2011, it's B737-800 delivery schedule is: 2011: 15, 2012: 28, 2013: 14 [more - American Airlines] [more - Aercap]

Want More News Like This?

CAPA Membership gives you access to all news and analysis on the site, along with access to many areas of our comprehensive databases and toolsets.
Find Out More