Originally Posted by Clipper7
And they're also reportedly buying Finnair - where does the money come from ????
I was up in Iceland this morning. Not saying the following accounts for all the money, but: Icelandair owns the majority of major hotels in Iceland; additionally Icelandair owns the rights to all bus transportation between Keflavik and other destinations within Iceland; Icelandair also owns Reykjavik Exclursions tour company on the island; and it's my understanding that Icelandair had the monopoly on flights in/out of Iceland until Iceland Express arrived on the scene (I may stand corrected on the last item however).