Macquarie finalises A320 leases and 737-800 sales with Tyrolean

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Macquarie Air Finance has finalised contracts with Tyrolean Airways for the lease of five Airbus A320-200s and for the purchase of three of the carrier's Boeing 737-800s.

The lessors says it is "well advanced in the process" of placing the 737-800s with new customers for delivery in 2013.

The first aircraft, a 2003 CFM-powered A320-200 (MSN 1937) has already been delivered to Tyrolean.

The other four A320 aircraft, all with the same engine type, will be delivered by the end of the first quarter of 2013. The aircraft are MSN 1504, MSN 1553, MSN 1678, and MSN 1735.

The 737-800 aircraft to be purchased from Tyrolean are MSNs 33833, 34262 and 33834.

John Willingham, chief executive officer of Macquarie Air Finance, says: "We have been working on this transaction for some time, so I am delighted that we have been able to bring the discussions to fruition."

Willingham says the A320 aspect of this transaction involved a "blend of placement" of three of the lessor's own aircraft and two managed units. The latter placements require engine conversions from dual annular combustors to single annular combustors.

"We had to negotiate with another of our customers for early lease terminations on two of the A320 aircraft, something we were able to achieve through the extension of an A321 with that same customer," he says.

In parallel with the lease negotiations, as part of an open, competitive process run by Tyrolean, Macquarie separately negotiated the purchase from Tyrolean of three of their 737-800 aircraft, which will be phased out as part of Tyrolean's fleet transition to A320s.

"To be able to bring all these elements together to meet Tyrolean's timeframe and commercial requirements is a great testament to the skills and experience of the Macquarie Air Finance team."