Knafaim has leased the plane to a Far Eastern airline.
Knafaim Holdings Ltd. (TASE: KNFM) subsidiary Global Knafaim Leasing Ltd. has bought a Boeing 737-800, built in 2000 for $29 million, and leased it to a Far Eastern airline. This is the second plane leased to the airline.
The deal brings Knafaim's fleet to 22 planes - 17 Boeings and 5 Airbuses - which are leased to ten airlines in eight countries. The company estimates that the new plane will boost its leasing income to $200 million over the coming years.
Published by Globes [online], Israel business news - www.globes-online.com - on November 20, 2011
© Copyright of Globes Publisher Itonut (1983) Ltd. 2011