Air France does sale and leaseback on four 777s

Singapore
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Air France has entered into a sale and leaseback deal with Singapore-headquartered leasing firm BOC Aviation.

BOC Aviation says in a statement that the Skyteam Alliance carrier has entered into an agreement for the sale and leaseback of two Boeing 777-300ER passenger and two Boeing 777-200LR freighter aircraft.

"Air France, like many airlines, is feeling the impact of the global economic downturn but we remain committed to providing our customers with high quality products and services," Air France's senior VP, Pierre Vellay, is quoted in the statement as saying.