Sale and Leaseback: Avolon buys four A330neo from Cebu Pacific

The low-cost airline Cebu Pacific has monetized a total of four Airbus A330neo that have not yet been delivered as part of a sale and leaseback deal.

The machines, which are scheduled to be delivered from the factory from the end of 2024 to 2024, were sold to Avolon. Cebu Pacific will then lease the long-haul aircraft from this company. Such transactions are often used in the industry to increase liquidity in the short term.