Southwest Airlines Boeing 737-800 Sale and Leaseback by BBAM – Aviation News
Southwest Airlines has recently made a strategic move by entering into a sale-leaseback agreement with BBAM for 36 Boeing 737-800 aircraft. This partnership is a key part of Southwest’s larger transformation strategy, known as “Southwest. Even Better.”
The agreement allows Southwest Airlines to unlock capital by leveraging the value of their existing Boeing 737 fleet. This capital will be used to support the airline’s fleet modernization efforts and offset capital expenditures, aligning with their overall capital allocation strategy.
BBAM President and CEO, Steve Zissis, emphasizes the importance of this partnership with Southwest Airlines, highlighting BBAM’s ability to provide tailored fleet financing solutions. This transaction marks BBAM’s third major aviation investment fund series through Incline Aviation III.
Southwest Airlines’ Executive Vice President and CFO, Tammy Romo, confirms that this agreement is a significant step forward in the airline’s strategic transformation plan. Partnering with BBAM, a prominent global aircraft lessor, strengthens Southwest’s financial position while maintaining operational flexibility.
For more detailed information, the complete transaction details can be found in Southwest Airlines’ Form 8-K filing with the Securities and Exchange Commission.
BBAM is a leading global aircraft lessor, managing a fleet of over 500 aircraft for more than 100 airline customers across 50 countries. With offices strategically located worldwide, BBAM employs over 150 aviation professionals and offers a range of specialized services in aircraft origination, lease marketing, and more.
Southwest Airlines, established in 1971, is a major air carrier serving 117 airports in 11 countries. The airline is known for being the largest carrier of domestic nonstop travelers in the United States, with a team of over 73,000 employees and serving over 137 million passengers in 2023.
Both Southwest Airlines and BBAM are committed to providing exceptional service and value in the aviation industry. Stay tuned for more updates and follow us on social media for the latest news.
