I agree with Tonyq, but does anyone know what type of 'financing' Kaupthing S&F provided? Was it a loan, sale and leaseback facility, etc.?
Singer and Friedlander have (or at least used to have before the merger with Kaupthing) a sizeable asset management division. My only real worry would be if Eastern use assets leased from Kaupthing; do Eastern own the SAABs?
waterpau