Southwest Airlines enters sale-leaseback deal for 36 jets-March 2024-www.financetom.com

Southwest Airlines enters sale-leaseback deal for 36 jets

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Southwest Airlines enters sale-leaseback deal for 36 jets

Jan 7, 2025 4:11 AM

(Reuters) -Southwest Airlines said on Tuesday it had entered into a deal to sell and leaseback 36 of its Boeing 737-800 aircraft from Babcock & Brown Aircraft Management.

The airline completed the sale and leaseback of 35 aircraft in late December and received proceeds of $871 million from them.

The lease terms for the jets will range from 26 to 37 months, during which the airline will have to pay rents on these aircraft.

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