Dubai’s low cost airline flydubai has closed sale and leaseback agreements deals on four Boeing 737-800 NGs with Avolon. The move follows earlier similarly structured deals with Gecas and BBAM to finance nine aircraft. Flydubai has now completed its financing arrangement, a total of value of more than $1 billion, until December next year. “We are delighted to be able to enter into this partnership with Avolon today,” says Ghaith AlGhaith, CEO of flydubai. “Like flydubai, Avolon is a young, ambitious, dynamic company and we look forward to a long and successful relationship with them.” AlGhaith says the success of

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