Finnair signs MOU on the sale of three Embraer 170 aircraft

Finnair Aircraft Finance Oy, Finnair’s fleet management subsidiary, has signed a Memorandum of Understanding with Infinity Aviation Capital, a US-based aircraft leasing company, on the sale of three Embraer 170 aircraft to affiliates of Infinity Aviation Capital. The value of the arrangement is approximately US$40m, 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.