Originally posted by umedhah
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I found the following statement from Veling Ltd/Air Castle website.
"Veling Ltd is pleased to announce the completion of a Sale & Leaseback transaction for three A340-300 aircraft to SriLankan Airlines. Following a Letter of Intent signed in the first half of 2007, the transaction was closed on Monday 26th November 2007."
"Aircastle Limited (NYSE: AYR) announced today that it entered into an agreement with SriLankan Airlines Limited, the national carrier of Sri Lanka, for the purchase and leaseback of three Airbus A330-200 aircraft. The purchase and leaseback of the first of the three aircraft was completed Monday, with the remaining two aircraft scheduled for closing in August 2010."
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