Monday, July 22, 2024
GECAS to arrange Purchase-Leaseback of A350-900s with Finnair

GECAS to arrange Purchase-Leaseback of A350-900s with Finnair

Finnair has entered into a Purchase-Leaseback (PLB) agreement for four currently operating Airbus A350-900s with GECAS and Gilead Aviation, the joint venture between GECAS and Pacific Investment Management Company LLC (“PIMCO”).  The arrangement includes in-service aircraft, with three being purchased by GECAS and one by Gilead Aviation.

The new technology large widebody Airbus A350 utilizes advanced lightweight materials, new engine technology and wing-morphing aerodynamics to reduce fuel consumption and CO2 emissions by 25% versus prior generation types.

“We have found the A350 to be a great complement to Finnair’s fleet, providing a comfortable and reliable experience for our long-distance travelers,” Christine Rovelli, Finnair’s SVP finance and fleet management, said, adding “Likewise, we have found GECAS to be a reliable and valuable source to support our fleet requirements.

Picture of James Graham

James Graham

James Graham is an award-winning transport media journalist with a long background in the commercial freight sector, including commercial aviation and the aviation supply chain. He was the initial Air Cargo Week journalist and retuned later for a stint as editor. He continues his association as editor of the monthly supplements. He has reported for the newspaper from global locations as well as the UK.


Stay informed. Stay ahead. To get the latest air cargo news and industry trends delivered directly to your inbox, sign up now!

related articles

DHL brings Formula E to the UK

Air France KLM Martinair Cargo and IndiGo CarGo announce partnership with Interline Agreement

Royal Air Maroc Cargo kick-starts its first digital bookings with