Icelandair Group purchases two Boeing 757 200 aircraft
Icelandair Group has purchased two Boeing 757 200 aircraft which the Group previously had on a long term lease. It was decided to acquire the aircraft from the Lessor due to the favourable purchase price being offered. The majority of the purchase price was financed with a loan of roughly 24 million USD with the maturity of 6 years. The two aircraft have been used in Icelandair´s route network and they will continue to operate within that network. Björgólfur Jóhannson President and CEO of Icelandair Group: “Given the estimated usage time of the aircraft the net effect of the acquisition on the Group accounts will be positive, which was a leading factor in the decision.”
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Source: Icelandair
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