United Airlines uses balance sheet to purchase aircraft off leases

By Devika Patel

Knoxville, Tenn., April 18 – United Airlines, Inc. is using its balance sheet availability and extra cash to purchase previously leased aircraft, which management believes gives the company “greater flexibility and better economics.”

“We continue to take advantage of our balance sheet and purchased six main line and 17 regional aircraft off of lease, which gives us greater flexibility and better economics for our fleet,” executive vice president and chief financial officer Andrew C. Levy said on the company’s first quarter ended March 31 earnings conference call on Wednesday.

The airline is based in Chicago.

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