Prepaid Aircraft Acquisitions
- Prepaid aircraft acquisitions in the balance sheet is for the purchase of six Boeing 737-800
aircrafts which will be delivered to the Company in the year 2007. The intention is to lease
or sell all of the aforementioned aircrafts. The Company also has agreements with Boeing
regarding the purchase of four Boeing 787 Dreamliner aircrafts to be delivered in the year
2010. The Company has capitalised borrowing cost amounting to ISK 508 million related
to these prepayments based on the interest rate on the directly related financing which
was 6.6% at year-end. The Company also has an option to purchase three additional 787
Dreamliner aircrafts with delivery after the year 2012.
Til baka,
Senda grein,
Prenta greinina
