easyJet continues sale/lease-backs drive with 10 A320s

easyJet (U2, London Luton) has announced yet another sale and leaseback transaction, this time covering ten A320 family aircraft sold to SMBC Aviation Capital. The British low-cost carrier said in its annual earnings release that the transaction generated total cash proceeds of USD368.8 million. It did not reveal the duration of the leaseback. "Following this transaction, we retain ownership of 55% of the total fleet, with 37% unencumbered. We are not currently considering any further sale and leaseback transactions...