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HELSINKIAs a part of Finnair’s rebuild program, the company has finalized a lease financing arrangement for its next A350 aircraft delivery, with JLPS Holding Ireland Limited as the lessor and lease servicer. 



In the arrangement, Finnair will assign the purchase of the Airbus A350 aircraft to a third party, and then leases it back for its own operation. The aircraft is expected to be delivered to Finnair in the second quarter of 2022. The operating lease period is a minimum of 12 years, including a storage period expected to commence in the fourth quarter of 2021, concurrent with the aircraft‘s sale.

The total positive cash effect of the arrangement for Finnair in 2021–2022 is in excess of 100 million US dollars compared to a situation in which the aircraft had been purchased and owned by Finnair.

Finnair has ordered a total of 19 new A350-900 XWB aircraft from Airbus, of which 16 have been delivered as of September 1, 2020; the aircraft concerned will be the 17th. The remaining two A350 aircraft are expected to be delivered in the fourth quarter of 2024 and the first quarter of 2025.
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