Airstream arranges five Dash 8-100s sale and leaseback

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Airstream International Group has arranged the sale and leaseback transaction of five Bombardier Dash 8-100 aircraft on behalf of Airlines Papua New Guinea.

The aircraft were acquired by a US-based investor, confirms Airstream.

One aircraft (MSN 033) was built in 1986, according to Flightglobal’s Ascend Online database.

The other MSNs are 135, 208, 211 and 243, says Airstream.

One unit was built in 1989, while the remaining three were manufactured in 1990, Ascend shows.

The first three aircraft were acquired by the Papua New Guinea operator from Skytrans in 2008 and were previously in operations at Eastern Australian Airlines.

MSN 211 was acquired in 2011 from North Cariboo Air while MSN 243, an ex-Sunstate Airlines aircraft was purchased from Die Erste Leasing in 2006.

In June this year Airstream International Group arranged the purchase of two Dash 8-100s in collaboration with a large US-based lessor.

Both 1993/94-vintage aircraft (MSNs 366, 380) were placed under an operating lease contract with Airlines Papua New Guinea.

Airstream has concluded 24 sales and lease placements aircraft since the start of the year.