Air France-KLM closed €111m in sale and leasebacks in first half

London
Source: Flightglobal.com
This story is sourced from Flightglobal.com

Air France-KLM financed €111 million ($147 million) worth of aircraft through sale and leaseback transactions during the six months period to 30 June.

The Franco-Dutch group's generated €34 million in the second quarter and €77 million in the first three months of the year.

During the first half, KLM received two Boeing 737-800s, one Airbus A330-300 as well as one 777-300ER, which was financed under a Japanese operating lease with a call option combined with euro-denominated senior loan. The financing was arranged by Credit Agricole Corporate & Investment Bank (CA-CIB). Singapore-based DBS Bank was the loan arranger.

KLM also leased one A330-200 from Air Lease during the first half.

Air France-KLM financed €547 million worth of aircraft through sale and leaseback transactions in the second quarter of 2012.

The group has no deliveries scheduled until 2015.