Cathay Pacific Airways has entered a sale-and-leaseback deal for six Airbus A330-300 aircraft with Deucalion Capital.
The Oneworld carrier conducted the transaction to protect its "asset exposure" on the A330s, said James Barrington, Cathay's director of corporate development.
Deucalion Capital had earlier acquired the Rolls-Royce Trend 772 powered aircraft from Cathay, and subsequently signed a long-term lease agreement.
To facilitate the deal, GE Japan provided a secured loan to Cathay Pacific. PK AirFinance is the security trustee.
Cathay Pacific operates 48 A330s and has another 19 on order.
Source: Air Transport Intelligence news
