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Singapore Airlines Sells And Leases Back 2 Planes  
User currently offlineSingapore_Air From United Kingdom, joined Nov 2000, 13742 posts, RR: 19
Posted (12 years 5 months 3 weeks 3 days 11 hours ago) and read 1625 times:

According to REUTERS,

Singapore Airlines, Asia's largest carrier by market value, said that it would sell and lease back a 777-400 and 777-200ER to IEM AirFinance B.V.

Under the agreement, the latter company will buy and lease the aircraft back to SIA for 10 years.

Airlines do this to hedge against depreciation.

More information at the Reuters/Yahoo website


Anyone can fly, only the best Soar.
6 replies: All unread, jump to last
 
User currently offlineSingapore_Air From United Kingdom, joined Nov 2000, 13742 posts, RR: 19
Reply 1, posted (12 years 5 months 3 weeks 3 days 11 hours ago) and read 1608 times:

Meanwhile, Dow Jones is a tad more accurate saying that...

The Boeing planes, 747-400 and 777-200ER will be sold to the Dutch company and leased back by SIA over 10 years. Further details were not released.

As of March 28 2002, SIA has 91 aircraft and 11 cargo aircraft.

More information at the DowJones/Yahoo website



Anyone can fly, only the best Soar.
User currently offlineMr AirNZ From New Zealand, joined Feb 2002, 867 posts, RR: 1
Reply 2, posted (12 years 5 months 3 weeks 3 days 11 hours ago) and read 1606 times:

You mentioned a "777-400." Were you infact meaning a 747-400 or 777-300?

User currently offline9V-SPK From Hong Kong, joined Aug 2001, 1646 posts, RR: 6
Reply 3, posted (12 years 5 months 3 weeks 3 days 11 hours ago) and read 1604 times:

Asia's largest carrier by market value, wow! Never got to know that...

BTW, what's the B777-400? Or you mean B777-300?

Best Regards


User currently offlineZK-NBT From New Zealand, joined Oct 2000, 5331 posts, RR: 11
Reply 4, posted (12 years 5 months 3 weeks 3 days 11 hours ago) and read 1594 times:

I think he meant the 747-400.

User currently offlineSingapore_Air From United Kingdom, joined Nov 2000, 13742 posts, RR: 19
Reply 5, posted (12 years 5 months 3 weeks 3 days 10 hours ago) and read 1573 times:

No, that was the point!

Reuters said 777-400, Dow Jones said 747-400.

See!  Laugh out loud



Anyone can fly, only the best Soar.
User currently offlineKrisworldB777 From Australia, joined Nov 2000, 571 posts, RR: 3
Reply 6, posted (12 years 5 months 3 weeks 3 days 10 hours ago) and read 1567 times:

Obviously intelligence is expensive at the moment! Big grin
 Acting devilish  Acting devilish


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