Israeli lessor Global Knafaim Leasing has completed the acquisition of two Airbus A220s, operated by US carrier Delta Air Lines.

The lessor has been in discussions over the transaction for several months but disclosed on 14 October that it had finalised the deal for both jets.

Both aircraft are 2018 airframes with Delta leases attached.

Global Knafaim says the total cost of the acquisition and transaction expenses amounts to $74 million. The company is financing the deal with loans and its own resources.

Delta A220-100-c-Airbus

Source: Airbus

Delta Air Lines has a fleet of 50 A220s

It says it expects payments for the aircraft, which are under 14-year leases, will total some $80 million.

Global Knafaim’s agreement follows a letter of intent approved in mid-July.

Delta Air Lines became the first US carrier to introduce A220s when it took four A220-100s in 2018.

It has since continued to expand its A220 fleet and has received 50 – including 41 A220-100s and nine -300s – of the 95 it has on order.