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 MAX 8 aircraft and a finance lease of one Boeing 737 MAX 9 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.

Top Copyright Photo: Icelandair Boeing 737-8 MAX 8 TF-ICN (msn 44356) ZRH (Rolf Wallner). Image: 953388.

Icelandair aircraft slide show: