Whats happening in AAI?
Unfortunately few years back present management in AAI was replaced by Islandsflug management with the merger. They had plans to make life more bearable for everyone in AAI before being able to see their plans through.
Now they are back.
Among cost cutting measures to save the company they will do their outmost to make life better for all of us.
As we all know the company has been for sale for a while and Eimskip the owner with a major shareholder onboard are not interested in keeping it afloat any more. Its like they have lost interest in aviation since their plans did not work out.
It is sad to see companies who have been built up on a dream gets taken over by sharks where they take all the valuable assets and sell them and leave the business as leftovers on the plate.
There is a big group in Iceland with a branch in London called FL group.
Their money came from breaking Icelandair into sections like the Hotels, Bus company etc and sell everything. Iclendair had lots of reserves in their funds and they took that as well. Then they sold the airline.
This is unfortunately happening all over the world in all busines sectors.
Then the biggest owner buys himself a business jet and lets his lossmaking company pay for the fuel.
God help us all.