Reported 1 day ago
Southwest Airlines has entered a sale-leaseback deal with Babcock & Brown Aircraft Management for 36 Boeing 737-800 aircraft, allowing the airline to raise cash and improve its financial standing. This strategy is a common method for airlines to secure quick funding, particularly following the pandemic when demand for planes has increased. The deal is expected to generate $871 million in proceeds and $92 million in gains, while increasing annual rental expenses by approximately $2.6 million per aircraft.
Source: YAHOO