Icelandair Group hf.: Financing of three Boeing 737 MAX aircraft
01 Octubre 2021 - 4:27AM
Icelandair Group hf.: Financing of three Boeing 737 MAX aircraft
Icelandair has entered into agreements with
Aviation Capital Group (ACG) regarding the financing of three
Boeing 737 MAX aircraft. This is a sale and leaseback of two Boeing
737 MAX8 aircraft and a finance lease of one Boeing 737 MAX9
aircraft. The aircraft are scheduled for delivery in December
2021 and January 2022. As previously announced, Icelandair had
backstop financing in place for these three aircraft which will not
be exercised. Following this transaction, Icelandair has completed
financing of all the twelve 737 MAX aircraft that were originally
ordered from Boeing in 2013.
Bogi Nils Bogason, President & CEO
of Icelandair Group:„Icelandair is delighted to team up
with ACG, a long-lasting business partner, on this transaction. The
campaign we ran for this financing resulted in favorable terms,
that both show the faith that financiers have in the value and the
opportunities of the aircraft, as well as in the strength of
Icelandair and its business model.“
Contact informationInvestors:
Iris Hulda Thorisdottir, Director Investor Relations.
E-mail: iris@icelandairgroup.is Media: Asdis Petursdottir,
Director Communications. E-mail: asdis@icelandair.is
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