SAS has completed financing of seven Boeing 737s on April 28, which previously were owned. The financing is undertaken through a so called Japanese Operating Lease with Call Option (JOLCO). The transaction will not have any earnings impact. The value of the transaction corresponds to US$101m and the cash has been transferred to SAS during the second quarter 2016/2017.
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[email protected]
Mailing Address
AviTrader Publications Corp.
Suite 305, South Tower
5811 Cooney Road
Richmond, BC V6X 3M1
Canada