Aeroflot Russian Airlines has mandated new Airbus A321 deliveries to Russian lessor GTLK under sale and leaseback deals, according to sources.
The Russian carrier, which sought approval on the transaction at a meeting of the board of directors last month, has one new delivery due in October, according to an Aeroflot document.
The new aircraft (MSN 5790) is powered by CFM International CFM56-5B3/3 engines. The aircraft follows two new deliveries earlier this summer.
Another five aircraft of the type were also considered for sale and leaseback financing at the meeting.
One source says GTLK is a new Russian leasing entity, 100% owned by the government. Debt was provided by the Industrial and Commercial Bank of China, he adds.
Aeroflot reported a $1.5 million net profit for the first half of this year. In addition to its A321 deliveries, the Group added a total of 13 new aircraft to its fleet through September. It took delivery of four new Boeing 777-300ERs under 12-year finance leases from VEB Leasing as well as five A320s under operating leases from AWAS, and two from SMBC Aviation Capital.