Finnair closes sale and leaseback on one A350

As a part of Finnair’s rebuild program, the airline has finalised a sale and leaseback arrangement for one of its A350 aircraft with Incline B Aviation Limited Partnership as a lessor guarantor, and BBAM Aviation Services as a lease servicer. In the arrangement, Finnair sold the Airbus A350 aircraft, which was delivered in April 2019, and leased it back for its own operation. The initial operating lease period is 12 years, not including extension options. The arrangement has no major impact on Finnair’s operating result for the fourth quarter of 2020. However, the immediate positive cash effect for Finnair is