07:51 25 May 2007Freighters Cargo Aircraft Orders Route and Network Planning Deals and Transactions Used aircraft deals and transactions Planning Airline Environment Routes General airline finance Mfr Finance and Business Narrowbody
<P><A href="http://www.icelandaircargo.com/AboutIcelandairCargo/Index.cfm">Icelandair Cargo</A> is aiming to reduce its dependency on its home market following its agreement to acquire <A href="http://www.airbus.com/en/aircraftfamilies/a330a340/a330-200f/">Airbus A330-200 freighters</A>.</P> <P>The Icelandair Group’s freight division is to take four A330Fs through an arrangement with Avion Aircraft Trading, which has just firmed an agreement with Airbus to acquire eight of the type.</P> <P>Icelandair Cargo will lease two of them directly from Avion. But Icelandair Group’s leasing subsidiary, Icelease, is to buy two of the jets and lease them back to Icelandair Cargo.</P> <P>Two of the A330Fs will be delivered in spring 2010 and the other pair in 2011.</P> <P><IMG style="WIDTH: 445px; HEIGHT: 335px" alt="" src="../assets/getAsset.aspx?ItemID=17856" border=0></P> <P>Icelandair Cargo, which presently operates five Boeing 757-200 freighters, is to use the A330Fs to develop long-haul fligh