SInGAPORE_AIR
Posts: 11619
Joined: Mon Nov 13, 2000 4:06 am

Singapore Airlines Sells And Leases Back 2 Planes

Fri Mar 29, 2002 5:13 pm

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.
 
SInGAPORE_AIR
Posts: 11619
Joined: Mon Nov 13, 2000 4:06 am

RE: Singapore Airlines Sells And Leases Back 2 Planes

Fri Mar 29, 2002 5:16 pm

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.
 
Mr AirNZ
Posts: 857
Joined: Sat Feb 02, 2002 10:24 am

RE: Singapore Airlines Sells And Leases Back 2 Planes

Fri Mar 29, 2002 5:17 pm

You mentioned a "777-400." Were you infact meaning a 747-400 or 777-300?
 
9V-SPK
Posts: 1576
Joined: Thu Aug 16, 2001 11:53 am

RE: Singapore Airlines Sells And Leases Back 2 Planes

Fri Mar 29, 2002 5:17 pm

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
 
ZK-NBT
Posts: 4892
Joined: Mon Oct 16, 2000 5:42 pm

RE: Singapore Airlines Sells And Leases Back 2 Planes

Fri Mar 29, 2002 5:33 pm

I think he meant the 747-400.
 
SInGAPORE_AIR
Posts: 11619
Joined: Mon Nov 13, 2000 4:06 am

RE: Singapore Airlines Sells And Leases Back 2 Planes

Fri Mar 29, 2002 6:12 pm

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.
 
krisworldB777
Posts: 556
Joined: Mon Nov 06, 2000 10:28 pm

RE: Singapore Airlines Sells And Leases Back 2 Planes

Fri Mar 29, 2002 6:45 pm

Obviously intelligence is expensive at the moment! Big grin
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