Flugblogg
  • Home
  • Airlines
  • Airports
  • Helicopters
  • Lifestyle
  • About Us
Flugblogg
Support Us
  • Home
  • Airlines
  • Airports
  • Helicopters
  • Lifestyle
  • About Us
Icelandair Boeing 767-300ER reg. TF-ISW in Keflavik airport // Source: Ívan Elís
  • Airlines
  • News

Icelandair sales and leaseback two Boeing 767-300ER aircraft

  • Andrei Menshenin
  • March 10, 2021
  • 2 minute read

Icelandair press-release

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. 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.

The conversion is estimated to take place in spring of 2022 and the aircraft will become part of Icelandair Cargo’s fleet in September 2022. Until then, the aircraft will be operated within Icelandair Group’s passenger network and leasing operations. The aircraft will replace the Company’s current two B757-200 freighters that it expects to take out of operation in 2023 and 2024.

Icelandair Group will continue to focus its cargo operations on utilizing belly capacity within its passenger network as well as its own cargo aircraft fleet.

Bogi Nils Bogason, President and CEO, Icelandair Group:

“We are very pleased to partner with Titan Aviation and Atlas Air to further strengthen our cargo business. With continued positive outlook for cargo operations post COVID, I am confident that the 767-300ER freighters will allow us to maximize new opportunities in our markets. These aircraft carry around 50% more freight than our current two B757-200 freighters and fit very well into our current fleet and network. Our aim is to increase the capacity in our markets, as well as strengthen Iceland as a hub for cargo between continents in a similar way as our passenger hub that provides attractive connections between continents.“

Total
2
Shares
Share 2
Tweet 0
Share 0
Related Topics
  • Boeing 767
  • Bogi Nils Bogason
  • Icelandair
  • Titan Airways
Previous Article
Icelandair Boeing 737 MAX 8 reg. TF-ICN departing from Keflavik first time after grounding // Source: Mārtiņš Zaķis
  • Airlines
  • News

Icelandair is performing the first commercial flight on 737 MAX since grounding

  • Andrei Menshenin
  • March 8, 2021
View Post
Next Article
Icelandair Boeing 737-8 MAX TFICU "Dyrhólaey" taxiing to gate on arrival in Keflavik during a sunset // Source: Piotr Chruściel
  • Airlines
  • News

67% of Icelanders trust in Boeing 737 MAX safety

  • Andrei Menshenin
  • March 11, 2021
View Post
You May Also Like
The construction site in Keflavik airport // Source: Víkufréttir
View Post
  • Airports
  • News

Isavia opens 1 000 new jobs at the construction site in Keflavik airport in the summer of 2021

  • Andrei Menshenin
  • April 19, 2021
United Airlines Boeing 757 in Keflavik airport // Source: Isavia
View Post
  • Airlines
  • News

United Airlines comes back to Keflavik in the summer of 2021

  • Andrei Menshenin
  • April 19, 2021
Isavia Head of Business and Marketing Þórhildur Rún Guðjónsdóttir and Head of Operational Development Raquelita Rós Aguilar // Source: Isavia
View Post
  • News

Isavia gets new Head of Operational Development and Head of Business and Marketing

  • Andrei Menshenin
  • April 19, 2021
Icelandair Boeing 737 MAX 8 reg. TF-ICN departing from Keflavik first time after grounding // Source: Mārtiņš Zaķis
View Post
  • Airlines
  • News

Icelandair’s 737 MAX fleet is not affected by newly revealed issues

  • Andrei Menshenin
  • April 12, 2021
Icelandair Boeing 767 reg. TF-ISW, departing from Keflavik // Source: Roman Savin
View Post
  • Airlines
  • News

Icelandair connects Pakistan and UK. But only for two days

  • Andrei Menshenin
  • April 7, 2021
Beech B200 Super King Air reg. N200PL in Akureyri in March 2021 // Source: AK Aviation
View Post
  • Airlines
  • News

Norlandair extends fleet with another Beechcraft King Air 200

  • Andrei Menshenin
  • April 3, 2021
View Post
  • Airports
  • General aviation
  • News

Isavia opens second VFR route from Reykjavik to Fagradalsfjall eruption

  • Andrei Menshenin
  • March 31, 2021
Vængir aeroclub Piper PA-28-181 reg. TF-RVM over the Fagradarlsfjall eruption in March 2021 // Source: Ernir Snær
View Post
  • Airlines
  • Helicopters
  • Lifestyle
  • Long read

How Fagradalsfjall eruption heated up flight tours in Iceland

  • Andrei Menshenin
  • March 31, 2021
Flugblogg on Facebook
Comments Box SVG iconsUsed for the like, share, comment, and reaction icons

Flugblogg

19 hours ago

Flugblogg

Photos from Un spotter à l'aéroport de Lyon-Bron LFLY LYN's post ... See MoreSee Less

  • Likes: 15
  • Shares: 0
  • Comments: 0

Comment on Facebook

Flugblogg

2 days ago

Flugblogg

Nýjasti einkaflugmaður landsins! Daníel Jón Einarsson lauk verklegu flugprófi í dag með glæsibrag og óskum við honum innilega til hamingju. ... See MoreSee Less

  • Likes: 17
  • Shares: 0
  • Comments: 0

Comment on Facebook

Flugblogg

3 days ago

Flugblogg

Photos from Vængir's post ... See MoreSee Less

  • Likes: 7
  • Shares: 0
  • Comments: 0

Comment on Facebook

Load more
Subscribe to be informed

All copyrights are reserved. Partial copying of materials, video or audio is allowed only with the mentioning of the source: Flugblogg.is
With all inquiries write us to
inboxflugblogg @gmail.com

Flugblogg
Aviation blog with reviews of Icelandic aviation trends, interviews with aviators, aviation analysts and reports on general aviation. Here you will find reviews of the flights of Icelandic airlines, planes, helicopters, routes and airports.

Input your search keywords and press Enter.