Itasca MGA has structured an aircraft non-payment (ANPI) credit insurance policy, providing debt financing to Jeju Air for two 737 MAX 8 aircraft.
“Itasca MGA is pleased to partner with Jeju, a recognised leader in the international aviation marketplace, to offer a creative financing solution to support the successful delivery of these assets,” said Itasca MGA CEO Gareth John.
Jeju Air CEO Kim E-Bae said: “As Jeju continues to take strategic steps to meet passenger demand, the addition of these two aircrafts will further our operational capabilities and support our growth plans.”
The aircraft were delivered in June and July of 2025.