newstodate.aero

Nov 09, 2022 (newstodate): Two Airbus A20-300 aircraft destined for Latvia's airBaltic are standing idle at the production site in Canada, long after having completed their flight test programs.
   The first aircraft took to the air on its maiden flight on August 14, with the second following on August 26, 2022; normally, the final delivery process takes less than one month.
   -Aircraft acceptance and finance is a complex process, where multiple parties are involved and which requires aligning and signing a significant number of documents. Once the paperwork is finished, the aircraft delivery is completed, says airBaltic's communications officer in response to newstodate's inquiry.  
   -This time, it is just one of these times when paperwork requires a little bit more time to be finalized amongst these multiple parties.  
   -While it is an inconvenience, it is not uncommon in the aviation industry, the message reads.
   Most of airBaltic's Airbus A220-300 aircraft are delivered on sale/lease-back contracts with various aircraft lessors including Altavair, Chorus Aviation Capital, Aviation Capital Group and Skytech-AIC, with investors funding the acquisitions.