Icelandair gets final approval for vital loan

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By Mike Turner
07 Sep 2020

Icelandair, the flag carrier airline of Iceland, has gained the final major approval it needs for a government-backed loan, setting up the company for an imminent share sale and loan funding totalling about $247m-equivalent.

The Icelandic Parliament has approved a 90% government guarantee for a credit facility of up to $120m. This is the last major piece of the puzzle after the European Economic Area’s regulatory watchdog, the European Free Trade Association Surveillance Authority, gave the facility the thumbs up at ...

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