CAIR: Sale of two aircrafts against $30.5m
12/3/2012 9:47
Cyprus Airways announced on Monday the sale of two private aircrafts of Gecas Asset Management Services INC against $30 million.
According to the announcement, on Thursday, March 8, 2012 the Board of Directors approved a Letter of Intent between the Company and Gecas for the sale to GECAS of two self-owned A319 aircrafts against the sum of $30,500,000.
“The Company’s obligations, based on the above Letter of Intent, are subject to a final sale or purchase agreement with GECAS and approval of the agreement by the Board of Directors of the Company”, the announcement concluded.
According to the announcement, on Thursday, March 8, 2012 the Board of Directors approved a Letter of Intent between the Company and Gecas for the sale to GECAS of two self-owned A319 aircrafts against the sum of $30,500,000.
“The Company’s obligations, based on the above Letter of Intent, are subject to a final sale or purchase agreement with GECAS and approval of the agreement by the Board of Directors of the Company”, the announcement concluded.
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