Southwest Airlines (LUV) has entered into sale-leaseback transactions for 10 of its Boeing (BA) 737-800 aircraft, as well as 10 of the company’s Boeing 737 MAX 8 aircraft, a filing has revealed.From the transactions, Southwest expects to receive gross proceeds of approximately $815 million. The company intends to use this money for ‘general corporate purposes.’The filing does not reveal who is buying the planes, or how long the leaseback agreement will last.According to the company website, LUV could restart flights to Cancun, Los Cabos, Havana and Montego Bay as soon as June 7.“I think we’ve seen the bottom in April. …read more
Source:: Yahoo Finance
