Itasca MGA has provided aircraft finance and insurance cover to Jeju Air for two Boeing 737 MAX 8 aircraft. The cover was secured for these two specific aircraft.
Jeju Air is a South Korean low-cost carrier. Itasca MGA is a specialty insurance and reinsurance provider.
This agreement signifies Itasca MGA’s involvement in supporting airlines with the financing and insurance needs for their aircraft fleet. The focus of this particular deal is on the Boeing 737 MAX 8 model.
The provision of finance and insurance cover is a crucial component in the acquisition and operation of aircraft for airlines. Itasca MGA’s support to Jeju Air for these two 737 MAX 8s highlights the ongoing activity in the aviation finance and insurance market.
Key Points
* Itasca MGA provided aircraft finance and insurance cover
* Cover provided to Jeju Air
* Cover for two 737 MAX 8 aircraft
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