01 November 2005
Airlines; Kaupthing Bank; FL Group
Kaupthing Bank and FL Group, the parent company of
Icelandair, have signed an agreement to form a leasing company.
The new company will own the 15 737-800s that FL Group ordered
at the beginning of this year. FL Group's share...
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Bank LTVs for a BB-rated or equivalent rated airline for 10-year secured bank debt for two new 737s, are now approximately:
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