Finnair secures financing for fourth A350 aircraft

Finnair has secured financing for its fourth Airbus A350-900 XWB, delivered in March 2016. The transaction amounts to approximately €115m, implemented using a Japanese Operating Lease with Call Option (JOLCO) structure arranged by Credit Agricole. The transaction relates to Finnair’s ongoing long-haul fleet renewal program, which currently consists of 19 new Airbus A350-900 XWB aircraft delivered between 2015 and 2023. Finnair’s first A350s are currently operating from Helsinki to Shanghai, Bangkok, and Hong Kong. Following the entry of the new A350, Hong Kong will be operated fully on an A350.