newstodate.aero

Feb 17, 2021 (newstodate): Finnair has found a smart way to add its next Airbus A350-900 aircraft, the 17th in the fleet.
   Rather than purchasing the aircraft ordered itself, Finnair has finalized a lease financing arrangement with JLPS Holding Ireland Limited as the lessor and lease servicer of the aircraft.  
   Through this arrangement saving the company in excess of USD 100 million in cash flow, Finnair will assign the purchase of the Airbus A350 aircraft to a third party, and then lease it back for its own operation.
   The aircraft is slated for delivery to Finnair in Q2/2022, with the operating lease period at a minimum of 12 years, including a storage period expected to commence in Q4/2021, concurrent with the sale of the aircraft.
   Finnair has ordered a total of 19 A350-900 aircraft from Airbus, of which 16 have been delivered as of September 1, 2020.  
   The remaining two A350 aircraft are expected to be delivered in Q4/2024 and Q1/2025, respectively.