Finnair will lease out three Embraer 170 aircraft to Aeromexico Connect

Finnair has signed a contract on the lease of three Embraer 170 aircraft to the Mexican airline Aeromexico Connect. All three aircraft are owned by Finnair. One of the aircraft was earlier leased out to Honeywell, and it will be delivered to Aeromexico Connect in June 2013. The two remaining aircraft will be delivered to Aeromexico Connect in June 2014, when their existing lease periods with Kenya Airways expire. The lease period for all three aircraft is six years. The lease agreement is a part of Finnair’s 140 million euro savings program. In the past few years Finnair has increased the efficiency of its fleet, for example, by leasing out some of its aircraft to third parties. At the same time it has increased the utilization of its aircraft and reached significant savings.