Eagle ATRs in Sale-Leaseback Deal

 - December 31, 2008, 5:19 AM

American Airlines sister company AMR Leasing signed a contract to sell and lease back the 39 ATR 72s flown by American Eagle unit Executive Airlines. Under the terms of the deal, AMR Leasing will sell all the airplanes to an undisclosed entity that will lease the aircraft to Ireland’s NK Aviation, a newly formed joint venture between Denmark’s Nordic Aviation Capital (NAC) and Kirk Kapital A/S. Executive Airlines will then sublease the aircraft from NK Aviation. NAC’s 80-strong fleet includes the Boeing 737,
MD-83, CRJ200, ATR 42, Bombardier Dash 8, Fokker 50 and Saab 2000.