Icelandair Group
Encyclopedia
Icelandair Group hf is an Iceland
Iceland
Iceland , described as the Republic of Iceland, is a Nordic and European island country in the North Atlantic Ocean, on the Mid-Atlantic Ridge. Iceland also refers to the main island of the country, which contains almost all the population and almost all the land area. The country has a population...

ic travel industry corporation, the owner of the airline Icelandair
Icelandair
Icelandair ehf is the flag carrier airline of Iceland, based on the grounds of Reykjavík Airport in Reykjavík. It is part of the Icelandair Group and currently operates scheduled services to 31 cities in 13 countries on both sides of the Atlantic Ocean out of its hub at Keflavík International Airport...

 and numerous other travel industry companies. The group is headquartered at Reykjavík Airport
Reykjavík Airport
Reykjavík Airport Reykjavík Airport Reykjavík Airport (Icelandic: Reykjavíkurflugvöllur, is the chiefly domestic airport serving Reykjavík, Iceland. The airport lies two kilometres from Reykjavík's city centre. Possessing rather short runways, it normally only serves flights within Iceland and to...

 in Reykjavík
Reykjavík
Reykjavík is the capital and largest city in Iceland.Its latitude at 64°08' N makes it the world's northernmost capital of a sovereign state. It is located in southwestern Iceland, on the southern shore of Faxaflói Bay...

.

Icelandair Group was initially a subsidiary of Icelandic investment company FL GROUP
FL GROUP
Stodir is an international investment company, headquartered in Reykjavík, Iceland with offices in London.The company was founded on July 20, 1973, under the name Flugleiðir. It was formed as a holding company for Loftleiðir and Flugfélag Íslands....

, but in February 2006, FL GROUP
FL GROUP
Stodir is an international investment company, headquartered in Reykjavík, Iceland with offices in London.The company was founded on July 20, 1973, under the name Flugleiðir. It was formed as a holding company for Loftleiðir and Flugfélag Íslands....

 announced plans to list Icelandair Group in the Iceland Stock Exchange
Iceland Stock Exchange
NASDAQ OMX Iceland or ICEX was established in 1985 as a joint venture of several banks and brokerage firms on the initiative of the central bank. Trading began in 1986 in Icelandic government bonds, and trading in equities began in 1990. Equities trading increased rapidly thereafter...

 and in October 2006 it was announced that the Icelandic bank and investment company Glitnir
Glitnir (bank)
Glitnir was an international Icelandic bank. It was created by the state-directed merger of the country's three privately held banks - Alþýðubanki , Verzlunarbanki and Iðnaðarbanki - and one failing publicly held bank - Útvegsbanki - to form Íslandsbanki in 1990...

 had reached an agreement to sell 51% in the company on the Iceland Stock Exchange
Iceland Stock Exchange
NASDAQ OMX Iceland or ICEX was established in 1985 as a joint venture of several banks and brokerage firms on the initiative of the central bank. Trading began in 1986 in Icelandic government bonds, and trading in equities began in 1990. Equities trading increased rapidly thereafter...

. http://www.icelandairgroup.is/home/media-center/news-pressreleases/detail/store34/item54582/ In Early 2007 Icelandair Group was listed on the OMX as ICEAIR.

Icelandair Group is a holding company with 12 service and trade companies in the airline, transportation and tourism industries with focuses on 3 main areas: International Scheduled Airline Operations, Global Capacity Solutions and Aircraft Trading, and Tourism Infrastructure. Total revenue for 2007 was ISK 63.5 billion compared to ISK 56.1 billion in 2006 ISK
Isk
Isk or ISK may mean:* Icelandic króna, the national currency of Iceland* Internationaler Sozialistischer Kampfbund, a now-defunct German socialist party* Iso suomen kielioppi* the currency in the space MMORPG Eve Online...

.https://newsclient.omxgroup.com/cdsPublic/viewDisclosure.action?disclosureId=258212&messageId=297687

The international airline, Icelandair, is the largest subsidiary of the group accounting for around half of the turnover in 2007. It links Europe and North America through its hub in Iceland, with scheduled flights to 24 destinations. Last year, Icelandair carried 1,5 million passengers.

List of subsidiaries

  • Air Iceland
    Air Iceland
    Air Iceland is a regional airline with its head office on the property of Reykjavík Airport in Reykjavík, Iceland. It operates scheduled services to domestic destinations and to Greenland. Its main bases are Reykjavík Airport and Akureyri Airport...

  • Bluebird Cargo
    Bluebird Cargo
    Bluebird Cargo is a cargo airline based in Reykjavík, Iceland, operating scheduled and chartered cargo services to and from Iceland and within Europe out of its base at Keflavík International Airport, with a special focus on Cologne Bonn Airport as a freight hub.- History :The airline was...

  • Fjárvakur, financial services
  • Iceland Travel
  • Icelandair
    Icelandair
    Icelandair ehf is the flag carrier airline of Iceland, based on the grounds of Reykjavík Airport in Reykjavík. It is part of the Icelandair Group and currently operates scheduled services to 31 cities in 13 countries on both sides of the Atlantic Ocean out of its hub at Keflavík International Airport...

  • Icelandair Cargo
  • Icelandair Hotels
  • Icelease
  • IGS Ground Services
  • ITS Technical Services
  • Loftleiðir Icelandic
  • SmartLynx Airlines
  • Travel Service a.s.
    Travel Service (Czech Republic)
    Travel Service Airlines is an airline based in the Czech Republic, a subsidiary of Icelandair Group. It has a Budapest-based subsidiary Travel Service Kft...

    (scheduled low-cost flights are operated under brand Smart Wings)
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