Icelandair Group is selling a pair of Boeing 737 Max jets under a leaseback scheme, ahead their delivery next year.

The two Max 9s are due to be introduced to the Icelandair fleet in the second quarter of 2021.

Icelandair Group says it has entered an agreement with Sky Aero Management to sell the aircraft.

Terms of the transaction have not been disclosed but the lease period will be 12 years.

Icelandair Group has already agreed the sale-and-leaseback, with BOC Aviation, of a single Max 8 which is also set to arrive in the second quarter.

The three Max deliveries in 2021 will take the overall Icelandair fleet to nine of the type next year.

It is intending to acquire 12 737 Max jets in total – comprising four Max 9s and eight Max 8s – with all 12 in service by the end of 2022.

Icelandair 737 MAX 9-640

Source: Icelandair