Icelandair Enters Sale/Leaseback Agreement with SKY Leasing

Icelandair entered into an agreement with Sky Aero Management (SKY Leasing) regarding a sale and leaseback of two Boeing 737 MAX9 aircraft. The aircraft are expected for delivery in Q2/21. The lease period for each aircraft will be 12 years.

As previously announced, Icelandair already agreed on a sale and leaseback financing with BOC Aviation on one Boeing 737 MAX8 aircraft, which is expected for delivery in Q2/21, along with a backstop financing regarding the two aircraft, which will not be exercised. However, the backstop financing remains in place for the three Boeing 737 MAX aircraft expected for delivery in Q4/21 and Q1/22.

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