AA closes six-aircraft sale-leaseback deal

Eleanor Steed
By Eleanor Steed July 19, 2017 16:19

AA closes six-aircraft sale-leaseback deal

American Airlines (AA) and Standard Chartered Bank (Standard Chartered), through its Aviation Finance team, Pembroke Capital, have successfully closed a sale and leaseback transaction for six A321-200s.

This transaction is the first sale and leaseback transaction entered into by AA with Standard Chartered and is also Standard Chartered’s first aircraft related financing in the United States of America.  Three aircraft have delivered with the remaining three aircraft delivering through August 2017.

Standard Chartered says this deal highlights its commitment to American Airlines as well as its strategy of leveraging its global team and banking capabilities to provide tailored solutions to US airline clients as they develop their fleets.

Eleanor Steed
By Eleanor Steed July 19, 2017 16:19