After running a comprehensive campaign for either the sale or the lease of the aircraft, Deucalion was able to arrange a long-term lease with China Airlines. Delivery of the aircraft on-lease to China Airlines is scheduled to occur in December 2023.
Concurrently with the lease, Deucalion arranged the sale of the aircraft to an investor which will assume the leasing of the aircraft to China Airlines.
Jon Skirrow, Co-Chief Executive Officer and Chief Operating Officer of Deucalion, said
We are extremely pleased to have concluded this transaction, which was particularly complicated given many stakeholders and aspects of the deal including the redelivery, new lease and sale, all being arranged at the same time. From early on in this process it was clear the greatest outcome would be achieved through the combined lease and sale of the aircraft, and we are thrilled to have fulfilled our commitments to our clients and interested stakeholders.