Southwest Airlines has entered a sale-leaseback transaction involving 36 of its Boeing 737-800s with US lessor Babcock & Brown Aircraft Management.

Southwest Airlines (NYSE:LUV) announced on Tuesday the sale and leaseback of 36 Boeing 737-800 aircraft in a deal with Babock & Brown Aircraft Management, which is known as one of the world's leading aircraft lessors.

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 ( (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.

Southwest Airlines Co. will gain $92 million from selling and leasing back 35 of its Boeing Co. 737-800 aircraft, the first move in the carrier’s broader plan to monetize part of its large fleet and extensive aircraft order book.

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 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 in 2024 unveiled a plan to improve its finances. The Dallas-based airline says this is an "important step" in that process.

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.