Finnair has closed the sale and leaseback of a new Airbus A321 delivery with a Japanese aircraft leasing company Nomura Babcock & Brown (NBB) in a transaction arranged by US-based lessor BBAM.

The aircraft (MSN 5803) will be leased for a period of 12 years.

Finnair ordered five A321s from Airbus in 2010. It financed the first delivery in September with NBB through a similar sale and leaseback transaction.

An additional A321 will be delivered in December this year while the final two are scheduled for the first quarter of 2014.