Icelandair Team initiates income approach for Iceland Journey Iceland Inventory Trade:ICEAIR

Icelandair Team has made a decision to initiate a process to offer its subsidiary Iceland Travel (the “company”). The choice is created in line with Icelandair Group’s approach to aim on its flight operations, its core organization. Through the income system, the goal will be to maximize the worth of the corporation, while at the same time preserving the passions of Icelandic tourism, the company’s staff and other stakeholders.

Iceland Vacation has been the major travel corporation, tour operator and spot administration enterprise (DMC) in Iceland. The Organization will carry on to serve a essential role in supplying services to holidaymakers in Iceland when the recent disorders prompted by the world pandemic will increase and need for intercontinental travelling increases once again. Adhering to the pandemic, there will be a need for improved effectiveness in the Icelandic tourism industry and there are opportunities for Iceland Vacation to be in a main purpose as a in depth services supplier for tourists.

Íslandsbanki will act as advisor to Icelandair Team and deal with the revenue course of action.

Make contact with information:
Investors: Iris Hulda Thorisdottir, Director Trader Relations. E-mail: [email protected]
Media: Asdis Petursdottir, Director Communications. E-mail: [email protected]