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.

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