BAE sells five ex-Avianca MD-83s

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Five of the eight Avianca Boeing MD-83s being remarketed by BAE Systems have been sold to US leasing specialists.

Four have been sold to Kansas City-based lessor Jet Midwest Group, while a fifth has been sold to Ameristar Charters-affiliated company Sierra American Corporation.

BAE's asset management division secured the mandate to remarket the eight aircraft last year.

It states that the other three jets are still with Avianca but will be released "imminently" to enable deliveries in the first half of 2011.