San Francisco-based Pacific AirFinance says it has acquired two classic Boeing 737-300s -- N351UA and N379UA -- subject to early lease terminations by United Airlines.
The company explains that upon their return from United, the airframes will be placed into service or disassembled for material sales.
Two of the serviceable engines are pegged for placement into Pacific AirFinance's spare engine leasing pool, and two non-serviceable engines will be consigned for disassembly and material sales.
"We are pleased to announce this transaction with the sellers and United Airlines," says Pacific AirFinance Co-President Oliver Brown. "This transaction demonstrates Pacific's ability to structure transactions involving multiple parties with multiple disposition strategies for the aircraft and engines."
Source: Air Transport Intelligence news
