Does this mean then that Iceland Express who only recently bought Sterling /Maersk have made a large wad of cash from their neighbours Icelandair ? useful for expansion ?
If true -smart lads.
I guess Hannes will offer Sterling toMr. Stelios ( he already holds 14% of Easy) in exchange for for considerable part of Easy. He can practically offer all the Scandinavian Market to Mr Stelios, which will give Easy considerable edge over Ryanair.
In a news conference in Copenhagen, the president of Icelandair said they were building up a stake in Finnair and hinted they were in discussions with the Finnish government to buy its share...
ATW report that FL Group are to float Icelandair Group independtly on the Icelandic Stock Exchange. This is because FL Group has become an investment company. Icelandair Group will include Icelandair, Icelandair Cargo and Loftleidir Icelandic but not Bluebird Cargo or Sterling which will remain part of FL Group
Iceland Review has an article stating that Fréttabladid (one of the main newspapers in Iceland) has reported that Icelandair will be shedding 300 employees, reducing flights to various destinations and may also cancel scheduled flights to some cities because of rising fuel costs.
I think its a very good aircraft for them to have, because, they have only got around 90-110 seats, yet can fly for a good 4-5hrs... so can reach destinations they wouldnt fill a B752 but in the future will be able to fly to them...
I see in the press this morning that Icelandair are pulling out of Glasgow until the end of March next year. The pullout is with effect from the end of November.
So GLA loses yet another international flight to become "seasonal"!. Suppose the economic climate has dictating this and from memory its not the first time (I think) that FI has done this. Shame though.
It is rather sad,there has been a service from Iceland to Scotland for a very long time.
The first Icelandair service was a Catalina into Largs Bay way back in 1945.
Is it only the GLA-KEF that is canx? Is the MAN-KEF still running?
As has been said, there has been a (year-round) Scotland-Iceland link for years now and it would be a very odd reversal of fortune if the MAN-KEF link stayed whilst the GLA-KEF link was dropped for the winter..wouldn't it?