Air Finance Journal Copying and distributing are prohibited without permission of the publisher

Three A320-200s sell in slow market

16 July 2009

Asset management company, Avinco, has arranged the sale of three A320-200s, despite complex market conditions.

Read more: Avinco TES Aircraft Values A320

Avinco has arranged the sale of three A320-200s to TES Parts Limited on behalf of GAFC Leasing, a Cayman-based company. The 1990-91 vintage aircraft fitted were operated by Clickair Airlines of Spain.

Two aircraft will remain in service and one will be parted out by the new owner. Lovells represented GAFC Leasing and Stephenson Harwood acted for TES Parts Limited.  

The transaction required early lease terminations because ClickAir was looking to consolidate its fleet before its merger with Vueling. "It was...


Latest Deals Database Updates

Thai / 04-14 / Various / 5xA320 (RFP) 16/04/2014
Latest Deal Status RFP
Overall Arrangers
Assets A320
AirAsia / 04-14 / Airc Sec Loan / 1xA320 14/04/2014
Latest Deal Status Financial close
Overall Arrangers Credit Agricole CIB
Assets A320
SriLankan / 04-14 / Murabaha / - 14/04/2014
Latest Deal Status Financial close
Amount $m150
Use of Proceeds General corporate purposes

Upcoming Events