Israeli carrier Israir has signed a binding agreement to purchase an Airbus A320 aircraft which it currently leases.
The purchase price of the aircraft is $29 million, including approximately $5 million in engine maintenance, according to a filing.
Israir will finance half the purchase through a loan from an undisclosed banking institution and the remaining 50% through the issuance of convertible bonds.
The bonds will hold a nominal interest rate of 5% maturing in February 2030.
Related ID: 20106
