Brief: Icelandair Group Enters Insurance Backed Financing Agreement With Itasca Re, Nord/Lb

Icelandair hf

27/01/2023 15:27

Jan 27 (Reuters) - Icelandair Group hf  ICEAIR.IC :
    * HAS ENTERED AN INSURANCE BACKED FINANCING AGREEMENT WITH
ITASCA
RE AND NORD/LB OF HANOVER IN RESPECT OF TWO BOEING 737 MAX 8
AIRCRAFT
    * AIRCRAFT CURRENTLY FULLY OWNED BY ICELANDAIR AND PURCHASED
USING
COMPANY'S OWN FUNDS IN FALL OF 2022
    * TOTAL CONSIDERATION OF TRANSACTION AT ABOUT USD 67 MILLION
    * CLOSING ANTICIPATED BY END JANUARY 2023

Source text for Eikon:  ID:nGNE6mlYtV 
Further company coverage:  ICEAIR.IC 
 (Gdansk Newsroom)
 ((gdansk.newsroom@thomsonreuters.com; +48 58 7696600;))