Ethiopian agrees leaseback deal for B737
Ethiopian Airlines has agreed a sale-and-leaseback deal with AWAS, covering three new Boeing 737-800s
The final unit, MSN 40970, closed on 4 August. This followed the delivery of two new 737-800s in May and July.
The Addis Ababa-based airline now has six 737-800s on lease from AWAS.
As part of the agreement, AWAS is assisting the carrier with transferring two 767-300ERs out of the fleet.
Ethiopian has said the B767 no longer fits with its long-term business strategy.