Finnair Oyj
Finnair has signed Memorandum of Understanding on sale and leaseback of two Airbus 330 aircraft
Finnair Oyj 17.12.2013 09:40 Dissemination of a Adhoc News, transmitted by DGAP - a company of EQS Group AG. The issuer is solely responsible for the content of this announcement. --------------------------------------------------------------------------- Finnair Plc. Stock Exchange Release 17 December 2013 10:40 a.m. EET Finnair has signed a Memorandum of Understanding (MoU) with global aircraft leasing and financing company Novus (Novus Aviation Capital) on the sale and leaseback of two Airbus 330 aircraft. The value of the arrangement is approximately EUR 110 million. The financial arrangement is a part of the long-haul fleet renewal program, in which the current Airbus 330 and 340 fleet will be replaced by the new generation of Airbus 350 aircraft. In addition to the MoU with Novus, Finnair announced on Friday 13 December it has signed a MoU with global aircraft leasing and financing company GECAS (GE Capital Aviation Services) on the sale and leaseback of two Airbus 330 aircraft and two ordered Airbus 350 aircraft. These financial arrangements as a whole are not expected to have a significant impact on earnings in 2014 and 2015. The sale and leaseback agreements for the two A330 aircraft are expected to be concluded in the first half of 2014. The lease term is 12 years and the lease terms have extension options. The proceeds from the arrangement will be used to finance Finnair's future fleet investments. Finnair has ordered eleven A350s and has options for eight additional aircraft. Finnair Plc. Communications Further information: Finnair Media Desk tel. +358 9 818 4020, comms(a)finnair.fi Distribution: NASDAQ OMX Helsinki Principal media News Source: NASDAQ OMX 17.12.2013 DGAP's Distribution Services include Regulatory Announcements, Financial/Corporate News and Press Releases. Media archive at www.dgap-medientreff.de and www.dgap.de --------------------------------------------------------------------------- Language: English Company: Finnair Oyj Finland Phone: Fax: E-mail: Internet: ISIN: FI0009003230 WKN: End of Announcement DGAP News-Service ---------------------------------------------------------------------------
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