ILFC delivers last 737-800 to American under 15-aircraft deal

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

International Lease Finance has delivered the last Boeing 737-800 to American Airlines under a 15-aircraft sale and leaseback programme, which began last year.

The agreement provided for 15 previously ordered Boeing 737-800 aircraft to be purchased by ILFC from American and immediately leased back under the financing arrangement.

The programme began in November 2011 and the last aircraft in the transaction delivered on 14 November, 2012.

ILFC's chief executive officer Henri Courpron says: "ILFC was pleased with this sale and leaseback arrangement with American and views this transaction as an important achievement in the execution of our strategy to increase ILFC's market share in the Americas. American was able to execute on its fleet strategy and ILFC strengthened its relationship with a valuable customer."