Finnair Proceeds to Expand and Modernise Its European Fleet.


New York (AirGuideBusiness - Business & Industry Features) Finnair has entered into a Memorandum of Understanding with BOC Aviation Pte Ltd (aBOC Aviationa) to lease four new Airbus A321-200 narrow-body aircraft. BOC Aviation is a Singapore-based subsidiary of Bank of China, specialising in aircraft leasing. The aircraft are scheduled for delivery to Finnair during the first half of 2017. The lease agreements have a minimum term of eight years. Related Quotes In November, Finnair had announced the temporary damp-lease of two A321 aircraft from summer 2016 onwards. This arrangement is intended to cover the transitional period until the delivery of the four A321 aircraft now dry-leased from BOC Aviation for the longer term. The transactions are part of Finnairas fleet renewal, the first phase of which consists of replacing aging long-haul A340 wide-body aircraft with modern A350s. With a view to the growing long-haul traffic, feeder capacity is increased by adding seats to existing narrowbody aircraft and replacing some smaller aircraft with larger ones over the next few years. The A321 is Airbusa largest narrow-body passenger aircraft, and the Finnair configuration will feature 209 seats. In the same context...

To continue reading