Icelandair group hf.: sale and leaseback of two boeing 767-300er aircraft

Icelandair group has entered into an agreement with titan aircraft investments, the joint venture between titan aviation holdings and bain capital credit, regarding the sale and leaseback of two boeing 767-300er aircraft that will be converted into freighters. titan aviation holdings, a subsidiary of atlas air worldwide holdings inc. (nasdaq: aaww) will manage these assets. the lease period for each aircraft is 10 years. the agreement will have a positive impact on icelandair group's liquidity.
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