Finnair has contracted to lease three Embraer 170s to the Mexican airline Aeroméxico Connect.
All three of the Embraer 170 regional jets are owned by Finnair, which was previously leasing one of the aircraft to Honeywell.
This aircraft will be delivered to Aeroméxico Connect this month.
The two remaining Embraer 170s will be delivered to Aeroméxico Connect in June 2014, when their existing leases to Kenya Airways expire.
Aeroméxico Connect is leasing each of the three Embraer 170s for a six-year term.
The Embraer 170 leases to Aeroméxico Connect form part of Finnair’s €140 million ($187.2 million) savings program.
Finnair says that in the past few years it has increased the efficiency of its fleet by leasing out some of its aircraft to third parties. At the same time it has increased the utilization of its aircraft and this has realized significant savings.
The entity responsible for administering the Finnair fleet, Finnair Aircraft Finance, owns five 76-seat Embraer 170s and 12 100-seat Embraer 190s.
With the exception of the three aircraft now leased to Aeroméxico Connect and Kenya Airways, Finnair’s Embraer E-Jets are operated by affiliated regional carrier Flybe Nordic, which flies them on a contract basis for Finnair.
Finnair operates 44 narrowbody and widebody aircraft itself, owning 26 and leasing 18 of the jets.