American Airlines enters into a Sale-Leaseback deal with AerCap to finance up to 35 Boeing 737-800s

American Airlines (Dallas/Fort Worth) announced today it has entered into a sale-leaseback arrangement with AerCap, a leading independent aircraft leasing company, to finance up to 35 Boeing 737-800 Next Generation aircraft, including 29 firm deliveries, scheduled to be delivered to American. Of the 29 firm deliveries, 26 are previously ordered aircraft and three are newly ordered aircraft. The arrangement also covers six Boeing 737-800 Next Generation aircraft subject to purchase rights that, if exercised by American, would be scheduled for delivery in 2013 – 2014.

AerCap will purchase the aircraft from American and immediately lease the aircraft back to American under a sale-leaseback financing arrangement.

Updating its previously announced fleet schedule, American has exercised an option to purchase three additional 737-800 Next Generation aircraft. As of July 1, 2011, American’s Boeing 737-800 delivery schedule was: 2011: 15, 2012: 28, 2013: 14.

American continues to negotiate with both Airbus and Boeing for a potential large narrow-body jet order of up to 250 aircraft.

American Slide Show: CLICK HERE

Copyright Photo: Bruce Drum. Please click on this photo for information about this special logojet.