Southwest Airlines ( (LUV) ) has issued an announcement. Southwest Airlines Co. has completed a sale-leaseback transaction with BBAM for 35 of its Boeing 737-800 aircraft, resulting in gross proceeds of $871 million and expected gains of $92 million for Q4 2024.

Executing on a fleet strategy announced during its recent investor day, Southwest Airlines has entered into a sale-leaseback transaction for 36 Boeing 737-800s.

Southwest Airlines said on Tuesday it had entered into a deal to sell and lease back 36 of its Boeing 737-800 aircraft from Babcock & Brown Aircraft Management, helping the carrier raise cash and ease the pressure on its balance sheet.

Southwest Airlines (NYSE:LUV) shares are trading lower on Tuesday. The firm revealed a sale and leaseback deal involving 36 Boeing 737-800 aircraft. The aircraft will be owned and leased back to Southwest by Incline Aviation III,

Southwest Airlines Co. (LUV), on Tuesday, announced the sale and leaseback of 36 Boeing 737-800 aircraft which will be owned and leased to the firm by Incline Aviation III, the third in BBAM's flagship aviation investment fund series.