Finnair closes SLB for four A350s

Finnair has entered into a sale-leaseback agreement for four currently operating Airbus A350-900s with GECAS and Gilead Aviation, the joint venture between GECAS and Pacific Investment Management Company (PIMCO).  The arrangement includes in-service aircraft, with three being purchased by GECAS and one by Gilead Aviation. The transaction forms part of Finnair’s refinancing plan. The operating lease period is, on average, 12 years. The arrangement will not have a significant impact on Finnair’s operating result for the third quarter of 2021; however, the immediate positive cash effect for Finnair is in excess of $400 million. Finnair will use the cash to refinance