in Air Transport / Business & Finance

Ethiopian agrees leaseback deal for B737

Posted 8 August 2015 · Add Comment

Ethiopian Airlines has agreed a sale-and-leaseback deal with AWAS, covering three new Boeing 737-800s

The final unit, MSN 40970, closed on 4 August. This followed the delivery of two new 737-800s in May and July.

The Addis Ababa-based airline now has six 737-800s on lease from AWAS.

As part of the agreement, AWAS is assisting the carrier with transferring two 767-300ERs out of the fleet.
Ethiopian has said the B767 no longer fits with its long-term business strategy. 

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