(Ecofin Agency) - Tunisair has launched a tender process to select a council cabinet for the sale and leaseback of five Airbus A320 Neo, a note published on November 28, 2018, by Mena Capital Partners (MCP) informed.

A sale and leaseback operation consists in selling an asset and immediately leasing it back. That way, the company which sold the asset will still be using that asset but will no more be the owner. These types of operations are mainly aimed at providing the seller with enough long-term capital to invest in new assets or bridge the loan portfolio to rebalance accounts.

Let’s remind that in June 2018, Elyes Mnakbi, managing director of Tunisair announced that his company would mainly focus on leasing planes in view of the company’s poor financial position.

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