Arkia, the Israeli private airline, has signed a purchase/lease-back deal with Canadian Airlines International. The Israeli airline has purchased six Boeing 737-200s from the Canadian airline and leased them back for a six-year period. Canadian will pay $624,000 a month for the lease of the aircraft. The 737s cost Arkia around $34 million. The Israeli airline now leases out four Boeing 747 cargo aircraft, seven 737s and one 727.

Source: Flight International