Seattle-area airplane financing company Altavair to buy 38 Etihad jets for $1 billion
22 used Airbus A330s and 16 Boeing 777-300ERs.
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February 4, 2020 - by Dominic Gates for seattletimes.com
Seattle-area aircraft lessor Altavair on Monday announced a $1 billion agreement to buy 38 large passenger jets from Gulf airline Etihad Airways of Abu Dhabi.
Altavair will acquire 22 used Airbus A330s and 16 Boeing 777-300ERs.
The Boeing jets will be leased back to Etihad for periods of between four and 10 years. Altavair is marketing the Airbus jets, with one option being to convert them to freighters for express package carriers including Amazon.
Etihad has been restructuring after the failure of its years-long strategy to expand rapidly by building partnerships with other airlines. That left it with a large number of surplus aircraft; $1 billion for the 38 relatively young airplanes is seen as a bargain price.
Altavair, formerly Guggenheim...
Read more https://www.seattletimes.com/business/boeing-aerospace/seattle-airplane-financing-company-altavair-to-buy-38-etihad-jets-for-1-billion/
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