Icelandair has entered an insurance backed financing agreement with Itasca Re and NORD/LB of Hanover in respect of two Boeing 737 MAX 8 aircraft.
The aircraft are currently fully owned by Icelandair and were purchased using the Company´s own funds in the fall of 2022. The total consideration of the transaction accumulates to around USD 67 million with closing anticipated by the end of January 2023.
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