Avolon buys 737-800 on lease to Garuda

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Operating lessor Avolon has acquired a Boeing 737-800 on lease to Garuda Indonesia.

The deal represents Avolon’s first Boeing 737 aircraft on lease to the carrier.

Last month the lessor closed financing on a new Boeing 737-800 delivery using its existing Wells Fargo debt facility. The facility covered a 737-800 acquired under a purchase-and-leaseback deal with Indonesia’s Lion Air.

The aircraft (MSN 38746) is the fifth of six aircraft covered by the mandate, says Avolon.