Icelandair has agreed to a sale-leaseback deal with a subsidiary of Atlas Air Worldwide Holdings (NASDAQ: AAWW) that recycles two Boeing 767-300 passenger planes into freighters for the cargo division and provides financial help to the company. The aircraft will replace two Boeing 757-200 all-cargo planes that the airline plans to take out of operation in 2023 and 2024, it said in a statement Wednesday.
Titan Aircraft Investments, the joint venture between Atlas’ leasing subsidiary Titan...