Loftleidir Icelandic signs an Agreement with YES Charter Airlines
The base of the operation will be Lisbon, Portugal the Agreement includes flights out of Lisbon and Porto in Portugal to Recife and Natal on Brazil, Punta Cana in The Dominican Republic and Varadero in Cuba. The Lease term is from November 5th 2004 until May 4th 2005 with a minimum guarantee of 250 hours per month with an option to extend the lease for a minimum of 6 months. The Agreement includes the lease of one B767-300 aircraft, crew, maintenance and insurance.Loftleidir Icelandic currently wet leases 5 Boeing 757 and 2 Boeing 767 operated under Icelandair´s AOC for customers in North America and Europe. YES is a Portuguese Air Company which main objective is to perform charter flights programmed and commercialized by Tour Operators and Brokers. The shareholders of YES are TAP-Air Portugal, the Portuguese regular airline, and Viagens Abreu, the major Portuguese Tour Operator.