Icelandair Group

Infobox_Company
company_name = Icelandair Group
company_
company_type = Public (OMX|ICE37744|ICEAIR)
foundation = 1937
location = Reykjavík, Iceland
key_people = Björgólfur Jóhannsson (President and CEO), Gunnlaugur M. Sigmundsson (Chairman of the board)

industry = Aviation, travel
revenue = ISK 63,477 million (2007)cite web |url=http://annualreport2007.icelandairgroup.com/media/2008/files/Icelandair_Group_Annual_Report_2007.pdf |title=Annual Report 2007 |publisher=Icelandair Group |accessdate=2008-05-08]
net_income = profit ISK 257 million (2007)
num_employees = 3,000
homepage = [http://www.icelandairgroup.com www.icelandairgroup.com]

Icelandair Group is an Icelandic travel industry corporation, the owner of the airline Icelandair and numerous other travel industry companies.

Icelandair Group was initially a subsidiary of Icelandic investment company FL GROUP, but in February 2006, FL GROUP announced plans to list Icelandair Group in the Iceland Stock Exchange and in October 2006 it was announced that the Icelandic bank and investment company Glitnir had reached an agreement to sell 51% in the company on the Iceland Stock Exchange. [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. [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
* Bluebird Cargo
* Fjárvakur, financial services
* Iceland Travel
* Icelandair
* Icelandair Cargo
* Icelandair Hotels
* Icelease
* IGS Ground Services
* ITS Technical Services
* Loftleiðir Icelandic
* LatCharter
* Travel Service s.a.

References