Icelease traces its roots back almost 80 years, initially as a subdivision of Icelandair and then as a separate entity since 2005
How did we get here?
The start of the Icelandair history. Aircraft trading has been a pivotal pillar throughout the history of the company
Icelease established as a wholly owned subsidiary of Icelandair Group
Purchase Agreement signed with Boeing for 10 new Boeing 737-800 and 2 Boeing 787 Dreamliners
Icelease, as an independent entity, takes delivery of its first aircraft when it accepts a new B737-800.
Icelease exercises an option for 5 Boeing 737-800s and 2 Boeing 787 Dreamliners
Icelease signs a partnership agreement with Sojitzu and Mitsubishi UFJ
Icelease makes as strategic decision to divest in the environment of overheated financial markets. This strategy is successfully implemented prior to the collapse of financial markets in late 2008
75% of Icelease acquired in a management buyout
2012 - 2017
Numerous aircraft transactions mark the successful market re-entry under the new company structure
Management purchases remaining 25% stake from Icelandair Group.
Icelease enters a partnership agreement with Corrum Capital Management (corrumcapital.com)
Icelease turns 15 years and celebrates surpassing $5 billion in transaction value since becoming an independent entity.