Southwest Airlines announced on January 7, 2025, the completion of a sale-leaseback transaction with BBAM for 36 of its Boeing 737-800 aircraft. The deal involved the sale and subsequent leaseback of these jets.
Thirty-five of the aircraft were completed in late December 2024, resulting in gross proceeds of $871 million for Southwest. The company expects to record realized gains of $92 million in the fourth quarter of 2024 from this transaction.
This strategic move is part of Southwest's fleet monetization strategy, aimed at reducing operational costs and supporting capital allocation for future fleet updates and shareholder returns. It enhances the company's financial flexibility.
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