Air Baltic is looking for sale-and-leaseback funding for six Airbus A220-300s to be delivered in 2019.

The Latvian low-cost carrier, which leases nine of its 10 in-service A220s, has appointed Skytech-AIC to arrange the deal. The UK company previously arranged a sale-and-leaseback for six aircraft of the same type.

"Considering that it was both the first open-market sale-and-leaseback of the asset and the first open-market exposure of the Air Baltic credit, the reaction to the initial transaction was quite unprecedented," states Skytech director John Taylor, referring to the previous deal. "The transaction was oversubscribed many times and the achieved terms were better than expectations."

Air Baltic operates a fleet of 33 aircraft, consisting of Boeing 737 Classics, Bombardier Q400s and A220-300s, Flight Fleets Analyzer shows. The airline is to become an all-A220 operator within the next four years.

Source: Cirium Dashboard