Avmax has recently purchased four Fokker F50 aircraft msn 20223, 20243, 20244, 20250 and one spare engine from Flugfelag Islands EHF (Air Iceland), part of the Icelandair Group. In turn Avmax has sold one Dash 8-Q202 msn 450 to Flugfelag Islands EHF (Air Iceland).  Nineteen Hundred Aviation Ltd, UK acted as advisor to Air Iceland.

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