36 Aircraft Sold to BBAM in Southwest Sale-Leaseback Transaction
In a recent SEC filing, it was reported that Air Transport Services Group (ATSG) has entered into an agreement with BBAM Limited Partnership for the lease of four Boeing 767 aircraft to Southwest Airlines. This deal marks a significant development for both companies, as ATSG continues to expand its aircraft leasing business and Southwest Airlines strengthens its fleet.
The agreement between ATSG and BBAM will see the four Boeing 767 aircraft leased to Southwest Airlines for a term of seven years. This move aligns with Southwest Airlines’ plans to modernize its fleet and improve operational efficiency. By leasing these aircraft from ATSG, Southwest Airlines can benefit from the reliability and performance of the Boeing 767.
ATSG, a leading provider of aircraft leasing and air cargo transportation services, has been steadily growing its leasing business in recent years. This latest agreement with BBAM further solidifies ATSG’s position in the market and reflects the company’s commitment to providing high-quality aircraft to its customers.
Overall, the partnership between ATSG, BBAM, and Southwest Airlines highlights the collaborative nature of the aviation industry. By working together, these companies can achieve their business objectives and deliver exceptional service to passengers. This lease agreement is just one example of how strategic partnerships can drive growth and success in the aviation sector.
