South African Airways | Operating lease | 03-24 | 2xA320 | Transaction | Airfinance Journal

South African Airways | Operating lease | 03-24 | 2xA320

China Aircraft Leasing (CALC) has signed its first lease deal with South African Airways (SAA).

The agreement will see CALC transition two young Airbus A320s that the Hong Kong SAR-based lessor recently repossessed from Vietnam-based Pacific Airlines, which has since ceased operations amid unpaid lease debt.

The A320s were manufactured in 2016 and 2017, respectively, and are equipped with IAE V2527-A5 engines, Airfinance Journal’s Fleet Tracker data shows.


Deal Categories

Regions:
Africa
South Africa

Structure

Product category:
Other
Product type:
Aircraft purchase
Structure
Aircraft Purchase
Use of proceeds
Aircraft Purchase

Deal Categories

Regions:
North America
United States
Tagged as:
Secured
G8