Normally airlines will sell and leaseback for a couple of reasons
- Cash flow (Which isn;t DJ's issue as they have positive cash flow)
- To meet capital requirements for new aircraft or investments (poss the 77's)
- To realise the current value of the aircraft/ this is done especially when the market price of said aircraft may decline significantly in the near future.
It is usually bansk that do these deals and they structure them in such a way that they get numerous tax breaks etc as well.
Both Air NZ and Singapore Airlines have done similar deals in the last 6 months.
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