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Finnair Sold OH-LGA  
User currently offlineLordHowe From Finland, joined Jan 2003, 728 posts, RR: 1
Posted (13 years 3 months 3 weeks 2 days 11 hours ago) and read 2376 times:

Finnair has announced on monday this week that they have sold and leased back their oldest MD11 (OH-LGA). The lease-back agreement is for six years. For a month ago they did the same thing with another MD11. The newest one to come this spring to their fleet (LGE) is also leased so AY owns only two of their total of five MD11s.

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Lord Howe Island - The Last Paradise
6 replies: All unread, jump to last
User currently offlineFritzi From United Arab Emirates, joined Jun 2001, 2763 posts, RR: 2
Reply 1, posted (13 years 3 months 3 weeks 2 days 7 hours ago) and read 2289 times:

Why would Finnair sell a aircraft that they own only so that they could lease it back???  Confused  Confused  Confused

User currently offline9V-SVE From Singapore, joined Nov 2001, 2066 posts, RR: 1
Reply 2, posted (13 years 3 months 3 weeks 2 days 6 hours ago) and read 2263 times:

Its a common practice among airlines. SIA did that on a few of its planes too.

User currently offlineGaruda From Indonesia, joined Nov 2000, 584 posts, RR: 2
Reply 3, posted (13 years 3 months 3 weeks 2 days 5 hours ago) and read 2222 times:

It's just a matter of cold hard cash...

By selling an airplane and leasing it back, Finnair will get the cash up front, and just pay leasing fee every fixed period (monthly, quarterly, etc). In the long run it will be more expensive, but when the airline needs cash immediately, this might be the best option.


User currently offlineLordHowe From Finland, joined Jan 2003, 728 posts, RR: 1
Reply 4, posted (13 years 3 months 3 weeks 2 days 4 hours ago) and read 2189 times:

It is also a matter of renewing their fleet. Now they know excactly when they get rid of these planes and can plan their future long haul fleet accordingly.

AY has sold two of their 122 pax DC9s to Tikal Jets Airlines from Guatemala. Their plan is to sell all (resting six) of their DC9s so that they can concentrate more on their Airbus 320 -family. By the end of this year AY will have 24 Airbuses (319-321).

At least 13 of AYs altogether 15 current MD80 fleet are also leased.

Maybe this selling and leasing back of MD11s means that their future long haul fleet will also come from Airbus.

Lord Howe Island - The Last Paradise
User currently offlineJRodriguez136 From United States of America, joined May 2000, 235 posts, RR: 1
Reply 5, posted (13 years 3 months 3 weeks 1 day 12 hours ago) and read 2095 times:

It's sad to hear that the first pax service MD-11 was sold, but oh well, more better things come up in the future, I wonder will they go Boeing B777 or Airbus A340? Hmmmmm...

The sky is not the limit...
User currently offlineMr AirNZ From New Zealand, joined Feb 2002, 976 posts, RR: 1
Reply 6, posted (13 years 3 months 3 weeks 1 day 12 hours ago) and read 2083 times:

If you read above you will see that even though they have sold it, they still plan to operate it until 2009. It does not matter who 'owns' the aircraft, it will still be used to carry passnegers for the foreseeable future.

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