Icelandair

Icelandair is raising capital with a sale-leaseback of two large jets and then turning them into freighters. It’s an innovative move.

One of the big innovations for passenger airlines during the coronavirus era is using their planes as dedicated cargo haulers. Cargo 2.0 was putting boxes in storage bins and other seats. Cargo 3.0 is cargo on seats.

Business plan is murky for reincarnated carrier