Icelandair ehf is the flag carrier airline of Iceland, based on the grounds of ReykjavÃk Airport in ReykjavÃk. It is part of the Icelandair Group with its hub at KeflavÃk International Airport. The geographical position of Iceland thus allows for one-stop transatlantic flights, which is one pillar of the airline"s business strategy, along with traffic to and from the country.
Icelandair Group traces its roots to the year 1937 when a fledgling airline, FlugfÃ©lag Akureyrar, was founded at Akureyri on the north coast of Iceland. In 1943 the company moved its headquarters to the capital, ReykjavÃk, and changed its name to FlugfÃ©lag Ãslands, which later assumed the international trade name Icelandair. In 1944, 3 Icelandic pilots founded Loftleidir, later also known as Icelandic Airlines.
In 1973 it was agreed to merge both FlugfÃ©lag Ãslands and Loftleidir under a new holding company, Flugleidir. In October 1979 Flugleidir assumed all operating responsibilities of its two "parents", and decided to use Icelandair as its international trade name, only retaining the Flugleidir name in the Icelandic domestic market.
In January 2003 Flugleidir became a holding company with 11 subsidiaries in the travel an tourist industry in Iceland, Icelandair being the largest subsidiary. In 2005 the name Flugleidir was changed to FL Group. The holding company announced its emphasis on investment. The corporations were divided into groups - the Icelandair Group being one of them. In 2009 Icelandair Group started a financial restructuring. In February 2011 the Company announced that the financial restructuring was completed.
Currently, the carrier operates scheduled services to 31 cities in 13 countries on both sides of the Atlantic Ocean, including: Belgium, Denmark, Finland, France, Germany, Italy, Netherlands, Norway, Spain, Sweden, UK, Canada and US.
Icelandair operates an all Boeing fleet, including 13 Boeing 757-200 and 2 Boeing 757-300. Its cargo fleet consists of 5 Boeing 757-200F.
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