Finnair finalizes sale and leaseback of six ATR 72 aircraft

On December 30th, 2014, Finnair signed a Memorandum of Understanding (MoU) with Doric Asset Finance GmbH for the sale and leaseback of six ATR72 aircraft. The transaction has now been concluded. The value of the transaction was approximately €80m and it has a positive impact of approximately €30m on Finnair operating profit in 2015. The aircraft lease agreements expire on average after 8 years. The aircraft included in the arrangement are currently operated by Finnair’s associated company Flybe Finland, to whom Finnair subleases the aircraft. The proceeds from the transaction will be used to finance Finnair fleet investments in the coming years. Finnair has ordered 19 Airbus A350 XWB aircraft.