So far, Lufthansa has always been critical of sale and leaseback transactions. The group announced that since July 2020 a total of eight machines have been cashed in and leased back. There are five Airbus A350s and three A320s.

Lufthansa earned 500 million euros in this way. Secured loans and promissory notes were taken out. The eight aircraft serve as security. Banks, pension funds and corporate investors, particularly from Europe and Asia, participated in the financing. The crane writes in a press release that “attractive terms could also be agreed in comparison with the most recently issued bonds”.

“We have taken another successful step in refinancing existing liabilities that are due in 2021. The transactions again show the confidence that the market has in our company and our restructuring measures. We have a wide range of financing instruments at our disposal and aircraft financing will continue to play an important role in our financing strategy, as it offers financially attractive conditions, ”explains Wilken Bormann, Executive Vice President Corporate Finance of the Lufthansa Group.