Icelandair Group enters into US$80 million loan agreement

Icelandair Group has entered into a US$80 million loan agreement with an Icelandic financial institution. Ten of the company’s Boeing 757 aircraft will be encumbered as a security for the repayment of the loan.

The maturity date of the loan will be based on a 5-year term. The company expects that the loan amount will be used as a partial redemption of Icelandair Group’s issued bonds.

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