Air France-KLM closed €547m sale and leasebacks in 2Q

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

Air France-KLM financed €547 million ($672 million) worth of aircraft through sale and leaseback transactions in the second quarter of this year.

The Franco-Dutch group's gross capital expenditure amounted to €756 million for the period but net capital expenditure totalled €209 million, down from €436 million in last year's corresponding period.

For the first half, Air France-KLM took delivery of 17 new aircraft: two Airbus A380s, four Boeing 777s, two A320s, two 737NGs, five Embraer 190s and two Bombardier CRJ1000s. During the January-June period, capital expenditure reached €600 million, down from €691 million in the first six months of 2011.

The Group is due to take delivery of one new 777 in the second half and has budgeted €86 million. Next year's first half commitments total €546 million as planned additions include two A380s, one A330 and one 737NG.