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ABC and Kaupthing finance Icelease 747
01 October 2005
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Airlines
Icelease
FL Group
airline
aircraft finance
Aviation
Icelease, the operating lease subsidiary of Iceland's FL Group, has closed a sale/leaseback on a 747-400 freighter operated by Singapore Airlines Cargo.
The 1997 aircraft is on a 10 year operating lease.
Arab Banking Corporation provided the mortgage loan. FL Group and Kaupthing Bank shared the equity portion.
Arab Banking Corporation had considered structuring an Islamic loan...
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