By Cirium2021-04-01T03:01:00+01:00
SpiceJet has signed a memorandum of understanding (MoU) with US investment firm Avenue Capital for the financing of 50 aircraft, including via sale-and-leasebacks.
The agreement is for a “strategic alliance in respect of the financing, acquisition and sale and lease‐back of 50 new planes to be ordered by the airline”, SpiceJet says in a 31 March press release.
Source: Suparat Chairatprasert/Shutterstock
SpiceJet has signed a memorandum of understanding (MoU) with US investment firm Avenue Capital for the financing of 50 aircraft, including via sale-and-leasebacks.
It adds: “The MoU sets out the next steps and conditions upon which Avenue, as part of the strategic alliance with SpiceJet, will assist with placing of SpiceJet’s new aircraft portfolio including sale and lease‐back of and also assumption of ownership of potentially up to 50 of these aircraft.”