Icelandair

Icelandair to restart Boeing 737 MAX ops by spring 2021

Icelandair announced it would restart Boeing 737 MAX aircraft operations by the spring of 2021....


Icelandair parent company to focus on aviation, sells tour agency

Icelandair Group decided to sell its subsidiary Iceland Travel and focus more on flight operations as a core business.  ...


The destiny of Icelandair’s 787

About IcelandairIcelandair began its operations in 1937 and is the national carrier of Iceland. The fleet of Icelandair consists of 35 aircraft and has further 14 on order. The business model of this...


Icelandair sells 3 Boeing 757s: jet price jumps over book value

Icelandair Group is selling three Boeing 757-200 aircraft to an unidentified customer. The Group will sell the jets under a higher price than its current book value....


Owner of WOW Air brand intends to take bite of Icelandair stake

The owner of the WOW Air brand, US entrepreneur Michelle Ballarin, intends to purchase a 25% stake in Icelandair. The entrepreneur has signed up for $51.2 million (ISK 7 billion) in Icelandair shares. The move fuelled speculation that two airlines might be merged in the future....


Icelandair, Boeing settle on “substantial” 737 MAX compensation

Icelandair says it has reached a settlement with Boeing over the ongoing grounding of the 737 MAX aircraft. Besides compensation, the flag carrier of Iceland seems to have used the opportunity to rethink its future MAX fleet as well....


Icelandair revenues fall by 85% in Q2

The preliminary financial results of the second quarter of 2020 indicate that Icelandair group’s revenues dropped by 85% in the second quarter of 2020 compared to Q2 of 2019, highlighting the dire state of the industry....


After firing all flight attendants, Icelandair welcomes them back

The national flag carrier of Iceland had an eventful weekend, as the airline started it off with firing all of its flight attendants. On Sunday, Icelandair welcomed all of them back, as the union agreed to a new agreement....


Icelandair has enough cash left to run for three months

With struggles in concluding negotiation with various parties, Icelandair warned that it has enough cash to run for three months if its restructuring plan does not come to fruition....


Icelandair announces 2,000 job cuts and restructuring

The unprecedented coronacrisis has forced many airlines into cost-cutting measures. Icelandair was no exception, as the airline was forced to cut around 2,000 jobs and restructure its executive committee. ...