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Who is Icelandair owned by?

Who is Icelandair owned by?

Icelandair Group

Parent company Icelandair Group
Headquarters Keflavík International Airport Reykjavík, Iceland
Key people Bogi Nils Bogason (CEO)
Revenue $433 million (2020)

Is Icelandair owned by the government?

Icelandair Group hf. is an Icelandic travel industry corporation, the owner and holding company of the airline Icelandair and several other travel industry companies in Iceland.

How many planes does Icelandair own?

The fleet comprises a total of 44 aircraft. It consists of a mix of aircraft suitable for different missions within the network, providing the airline with flexibility. Icelandair operates flight simulators for Boeing 757, Boeing 767 and Boeing 737 MAX aircraft at a training facility in Iceland.

What nationality is Icelandair?

As an airline, Icelandair traces its roots back to 1937, when a fledgling airline, Flugfélag Akureyrar, was founded at Akureyri on the north coast of Iceland. After eight decades of operation, our history reflects the spirit of the Icelandic nation, its resourcefulness and innovation.

Is Icelandair in financial trouble?

The year 2019 was challenging, as the suspension of the MAX aircraft had an unprecedented negative impact on Icelandair Group’s operations, resulting in lost revenue, increased expenses and restricted utilisation of the Company’s fleet and crew. Total operating income was USD 1.5 billion, down by 0.4% between years.

How many planes does Condor have?

Current fleet

Aircraft In service Passengers
Boeing 757-300 13 36
Boeing 767-300ER 15 35
Total 50

Who owned WOW Air?

Icelandic low cost carrier WOW Air ceased operations in March 2019. A few months later, some American investors purchased WOW Air’s assets. The most prominent person behind this was Michele Ballarin (who also sometimes goes by Michele Lyn Golden, or Michele Roosevelt Edwards).

Is Icelandair profitable?

Icelandair Group has defied the impact of new coronavirus variants to post a net profit of nearly $20 million for the third quarter. The operator expanded its network in the three months to 30 September to cover 34 destinations – comprising 23 in Europe and 11 in North America.