Standard Chartered purchases six 737-800s from Arctic

Standard Chartered Aviation Finance has purchased six Boeing 737-800 aircraft from Arctic Aviation Assets (Arctic), the asset management subsidiary of European low-cost carrier Norwegian Air Shuttle (Norwegian), and also the execution of leases for all six aircraft on long term operating lease with Turkish Airlines, the Turkish flag carrier. The first aircraft was acquired from Arctic and immediately delivered on lease to Turkish Airlines in November 2019, with the remaining aircraft scheduled to close by early 2020.  Standard Chartered has recently closed Aircraft Finance Insurance Consortium (AFIC) wrapped financings with both Turkish Airlines and Norwegian, together with sale and leaseback