Icelandair Postpones Offering of New Shares

News Tagged with “Business”

One Third Wants Refund from Icelandair

18 Jun Due to the COVID-19 pandemic, numerous Icelandair flights were canceled, but obtaining a refund from the airline has proven difficult for customers.

Grounded 737 MAX aircraft.

Icelandair Wants to Cancel Purchase of Ten 737 MAX Jets

10 Jun Icelandair Group is looking into the possibility of canceling the purchase of ten Boeing 737 MAX aircraft the company ordered, but have yet to be delivered.

One of Icelandair's Boeing 737 MAX aircraft.

Icelandair not Required to Receive All 737 MAX Jets

27 May Should Boeing’s delivery of the 737 MAX aircraft ordered by Icelandair Group be delayed more than 12 months, based on current agreements, then the latter has the option to cancel the purchase.

From Copenhagen, which may be among the first cities to which air service will be offered.

Daily Flights in June? It’s up in the Air

25 May It is not yet clear what sort of air service will be offered to and from Iceland once the country’s borders reopen June 15.

Úlfar Steindórsson and Bogi Nils Bogason.

Icelandair Gets Green Light to Increase Share Capital

25 May At a meeting Friday, Icelandair Group hf.’s shareholders voted to grant the board authorization to increase the company’s share capital by up to ISK 30 billion.

Icelandair’s Fate Won’t Be Decided Today

22 May An Icelandair shareholder meeting is scheduled today.

Icelandair Lays Off More than 2,000 People

29 Apr Yesterday, Icelandair announced the layoffs of more than 2,000 out of its 3,400 employees by the end of the month.

One of Vínbúðin liquor stores.

Icelanders Are Thirsty and Ready to Lift Ten Tons

18 Mar Since a ban on public gatherings was announced last Friday, the shopping habits of Icelanders appear to have changed.

Loo Eng Wah.

Loo to Build Christmas House in Hella

21 Jan Malysian businessman Loo Eng Wah has plans to build a Christmas house and more in Hella, South Iceland.

Play Offers Investors 70 Percent Stake

4 Dec Founders and directors of the new Icelandic airline Play are ready to reduce their proposed stake in the company from 50 to 30 percent.

Loo Eng Wah.

Controversial RVs to Be Removed

22 Nov Malaysian businessman and landowner Loo Eng Wah, whose plans for the construction of a tourist service center near Hella have met opposition, has changed his plans.

Founders of the airline Play, from left, Þórodd­ur Ari Þórodds­son, Bogi Guðmunds­son, Arn­ar Már Magnúson and Sveinn Ingi Steinþórs­son.

Play Looks for Investors

22 Nov Representatives of Play, the recently founded airline in Iceland, are attempting to bring together a group of investors from the Icelandic travel industry, in hopes that they will invest in the company.

From Play's press conference.

Play Plans to Expand Fast

11 Nov The new Icelandic airline Play plans to expand its fleet of aircraft considerably, come this spring.

WOW 2 Take-Off Delayed

9 Oct WOW 2, the resurrected WOW Air, directed by US business woman Michele Ballarin, has postponed its first flight between Iceland and Washington Dulles International Airport in the US.

Hilmar Þór Birgisson, Margrét Júlíana Sigurðardóttir and Jón Gunnar Þórðarson visited the NetEase headquarters in China.

Mussila Music School Distributed in China

3 Oct The Icelandic innovation company Mussila ehf. has signed a contract with NetEase Games regarding the release of the Mussila Music School in China.

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