Airline

Iberia breaks covenant on A340-600 finance lease

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Iberia breaks covenant on A340-600 finance lease

Buried in International Airlines Group’s annual report is the news that the group has informed its lenders that is has failed to meet one of the financial covenant on a finance lease for one A340-600, which has now technically become repayable on demand. Iberia has three A340-600s on finance lease...

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