American and Avolon seek 737 and 777 SLB

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American Airlines and Avolon Aerospace Leasing are seeking court approval for a sale-leaseback of six new Boeing aircraft.

The deal would include five 737-800s and one 777-300ER to be delivered between November 2012 and the end of 2013, according to a court filing on 4 October.

Avolon was selected for the deal for the "net proceeds to be received for the aircraft, the proposed lease terms and other economic terms" that it offered American, according to the filing.

The US Bankruptcy Court for the Southern District of New York must approve financing for each aircraft while American operates under chapter 11 bankruptcy protection.

The Fort Worth-based Oneworld carrier has received court approval and closed sale-leasebacks for 11 737-800s with AerCap since filing for bankruptcy in November 2011, according to the filing.

American has also closed a number of sale-leasebacks with International Lease Finance Corporation (ILFC) for 737.

The airline has deliveries for 43 737-800s and 10 777-300ERs scheduled between November 2012 and the end of 2013, according to the filing.

SkyWorks Capital advised American on the deal.