Air Berlin and Macquarie AirFinance sign "Sale-and-Lease-Back" agreement for two aircraft

Air Berlin and Macquarie AirFinance sign "Sale-and-Lease-Back" agreement for two aircraft

2010-10-04 19:47:26 GMT+7 (ICT)

BERLIN/DUBLIN (BNO NEWS) -- Macquarie AirFinance, a global aircraft leasing company based in Dublin, on Monday announced that it has purchased two aircraft from Air Berlin on long-term leaseback.

The companies said Macquarie AirFinance would acquire two 2006-vintage A320s from Air Berlin on a long-term leaseback and sub-leased to NIKI in Austria.

John Willingham, Chief Executive Officer of Macquarie AirFinance, commented: "This is an attractive acquisition for us as it furthers our strategy of building a portfolio of popular, modern narrowbodies with leases to reputable customers. airberlin is a long established and valued customer of ours and we are excited now to partner with NIKI."

Ulf Hüttmeyer, CFO of Air Berlin PLC stated: "We are pleased to have closed this valuable transaction with Macquarie AirFinance. We hope to build on the strategic relationship between our two companies in the future."

Air Berlin is Germany's second largest airline, after Lufthansa, and Europe's sixth largest airline in terms of passengers.

-- © BNO News All rights reserved 2010-10-04