JetBlue has stopped actively looking to sell aircraft after a deal to sell two Embraer E-190s fizzled when the customer failed to secure financing.

CFO Ed Barnes told analysts today JetBlue had a commitment to sell two E-190s in February but "the counterparty was unable to get financing, which isn't surprising. We did release them from those obligations and plan to take those aircraft internally."

JetBlue, however, was able to offload two other E-190s earlier this month to the same buyer. Barnes says there was no gain on this transaction as it was "essentially" a deferral. "It was something that was coordinated through Embraer," he says. "In lieu of deferral we sold the aircraft at essentially no gain."


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Source: Commercial Aviation Online