Icelandair to Receive a Boeing 737-8 MAX From Aviation Capital Group

Icelandair will receive one new Boeing 737-8 MAX aircraft on long-term lease from Aviation Capital Group LLC (“ACG”). This Boeing 737 MAX aircraft is part of a multi-plane deal between ACG and the airline, and is powered by CFM International’s LEAP-1B engines. “With this delivery, we are delighted to complete the purchase and leaseback of two Boeing 737-8 MAX aircraft and the long-term financing through ACG’s Aircraft Financing Solutions program of one Boeing 737-9 MAX aircraft with Icelandair,” stated Robert Lewandowski, Managing Director of ACG. “We look forward to continuing our close and long-standing relationship with the Icelandair Group and working with them on their future financing needs,” said ACG Vice President of Marketing Roger Carley. “Icelandair is delighted to team up with ACG, a long-lasting business partner, on this transaction. The renewal of our fleet with new eco-efficient airplanes like the Boeing 737 MAX is an important step towards reaching our ambitious goals of reducing the company’s carbon emissions by 50% by 2030,” stated Bogi Nils Bogason, CEO of Icelandair. Aviation Capital Group, formed in 1989, is one of the world’s leading full-service aircraft asset managers, with over 440 owned, managed, and committed aircraft as of December 31, 2021, leased to over 90 airlines in 45 countries. Tokyo Century Corporation owns ACG as a completely owned subsidiary.