Southwest Airlines, Delta Air Lines, And Boeing Capital Reach A Tentative Agreement To Sublease AirTran Boeing 717 Fleet

Southwest Airlines

confirmed today that the airline, together with its subsidiary, AirTran Airways, Inc., has reached a tentative agreement with Delta Air Lines, Inc.

, and Boeing

Capital Corp., to sublease all 88 of its Boeing 717 aircraft to Delta. A final agreement is subject to Delta and Southwest reaching certain agreements with all parties related to the aircraft leases. The tentative agreement between Southwest and Delta would transition the 717s over three years starting in the second half of 2013 with completion in 2015.