April 30, 2020 / 11:05 AM / a month ago

BRIEF-Fortress Transportation and Infrastructure Investors LLC to buy and leaseback 16 Air France planes

April 30 (Reuters) - Fortress Transportation and Infrastructure Investors LLC/Air France:

* Agreement in which FTAI has agreed to purchase and leaseback 16 aircraft from Air France for an average term of 34 months

* The aircraft are six A319s and ten A318s all powered by CFM56-5B engines.

* The transaction is expected to close in May 2020. (Reporting by Sudip Kar-Gupta)

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