AWAS in purchase and leaseback deal with Ethiopian Airlines

AWAS has agreed to a purchase and leaseback transaction with the flag carrier of Ethiopia, Ethiopian Airlines. AWAS will purchase and lease back to the airline two new 737-800 aircraft that the airline had previously ordered directly from the manufacturer; the first aircraft delivered today with the second to come in 2014. Tewolde Gebremariam, CEO Ethiopian Airlines remarked on the deal: “We are very pleased to be expanding our relationship with our trusted partner AWAS, who has come to us with a timely and efficient solution to finance these two modern aircraft for our growing fleet.” Ray Sisson, President &