The Airbus ER319-100, built in 2005, was leased to a large airline in North America.
Knafaim Holdings Ltd. (TASE: KNFM) has bought an Airbus ER319-100, built in 2005, for $30 million, and leased it to a new customer, a large airline in North America, whose name it did not disclose. The deal was made through the company's plane leasing subsidiary Knafaim Holdings Ltd.
Knafaim financed the purchase with a $17.5 million non-recourse loan from an Israeli bank, and the rest through a deposit from the leasing airline. The plane is leased through 2017.
Knafaim added that the deal will boost its fleet of leased planes to 23 and increase the annual income from the leasing of planes to $198 million.
Published by Globes [online], Israel business news - www.globes-online.com - on January 1, 2012
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