MIAMI – Finnair (AY) has found a new way to finance its 17th Airbus A350 on order by entering a lease financing agreement with JLSP Holding Ireland Ltd, which shall be both the lessor and the lender.
According to Aviator Aero, the change is part of AY’s efforts to restore itself and navigate the current crisis impacting global air trade by achieving cost savings and pursuing traditional and conventional liquidity enhancement schemes.
Under this scheme, the aircraft is purchased by a third party and then leased back to the airline. According to
aviator.aero, the A350 concerned by this plan is the 17th aircraft ordered by AY and to be delivered mid-2022 while the lease shall begin by the end of the current year including a storage period awaiting entry into service sometime in 2022.