Monday, June 3, 2013

► ETHIOPIA: AWAS, Ethiopian sign buy/leaseback deal for two 737-800s, the first of which has been delivered.

Ethiopian Airlines (ET) and Ansett Worldwide Aviation Services (AWAS) have announced a purchase and leaseback transaction deal in AWAS will purchase and lease back to Ethiopian two new 737-800 aircraft that the airline had previously ordered directly from the manufacturer. The first aircraft (MSN 40966 | ET-AQM) was delivered on Thursday May 30, with the second to come in 2014.

Ethiopian Airlines 787
(Juergen Baumbusch)
Tewolde Gebremariam, CEO Ethiopian Airlines remarked on the deal:
We are very pleased to be expanding our relationship with our trusted partner AWAS, who has come to us with a timely and efficient solution to finance these two modern aircraft for our growing fleet.
Ray Sisson, President & CEO AWAS stated:
Delivering a customised solution for our valued customer Ethiopian Airlines to assist their planned growth is core to how AWAS operates.
The 737 was Ethiopian's sixth out of ten delivered with Boeing's Sky Interior.