easyJet finalises sale and leaseback of nine A320s

easyJet has confirmed the sale and leaseback of nine aircraft with two counterparties, which will generate $398.6 million total cash proceeds for the airline. The first transaction was executed with Wilmington Trust SP Services (Dublin) for the sale and leaseback of five Airbus 320 family aircraft. The aircraft will generate cash sales proceeds of $191.1m (approximately £146.5m), and are leased for an average term of 117 months, creating lease obligations of £123.7m. The assets had a net book value at the time of transaction of approximately £116.2m. The second transaction was executed with Sky High 112 Leasing Company for the