Northernlights From Iceland, joined May 2004, 87 posts, RR: 1 Posted (10 years 8 months 4 weeks 1 day 18 hours ago) and read 3097 times:
News from the Far North:
Iceland´s LCC Iceland Express is adding 6 destinations as of May 2006.
The new destinations are:
In addition to these destination, Iceland Express continues their flights to London (STN), Copenhagen and Frankfurt-Hahn.
This expansion in their network calls for extra aircraft. It is yet unknown what aircraft will be used for these routes. Presently the LCC uses 162 seat McDonnell-Douglas MD-80s. JetX, an Icelandic company, handles their flight operations.
Iceland Express is owned by the Icelandic investment company "Fons eignarhaldsfélag hf", who have recently acquired the Danish airlines Sterling and Maersk Air.
Does anyone know more about these news routes and the extra aircraft that will be used on them?
Leisurejet From Germany, joined Jun 2005, 43 posts, RR: 0
Reply 1, posted (10 years 8 months 4 weeks 1 day 16 hours ago) and read 3013 times:
This seems like good news for Iceland Express and for European and Icelandic travellers alike...
I think the first five routes mentioned could prove to be successful for them, but have to say that I am more than a little surprised to see Friedrichshafen on the list, as it is not quite like Hahn is to Frankfurt ! Any one with any further comments ?
With regards to the extra aircraft that will be needed to operate these flights, I did see something recently stating that once the contract is completed with JetX, they will likely then be using aircraft from one of their sister companies (either Maersk Air or Sterling.dk) and now all part of the same group...
Quoting B742 (Reply 3): Will they receive more MD-80's or add 737's or A32X's?
As I mentioned earlier, it seems they will ultimately use aircraft from either of the sister companies Maersk Air or Sterling.dk, which would make a lot of sense... Here is what I have found on this matter...
"The airlines (Maersk/Sterling combination) will operate a fleet of 30 (Boeing) 737-500s/-700s/-800s comprising 10 currently flown by Sterling and 20 belonging to Maersk, Hilmarsson said. There is considerable route overlap, but the two serve 80 discrete (should be distinct) destinations and carried a combined 5 million passengers last year."
If they reduce the overlap, then this should free up equipment for Iceland Express, which means them going back to operating some Boeing 737 aircraft of the types mentioned about... Seems unlikely at this stage that they would order any new aircraft types...
Northernlights From Iceland, joined May 2004, 87 posts, RR: 1
Reply 9, posted (10 years 8 months 4 weeks 1 day 5 hours ago) and read 2604 times:
Quoting Jb (Reply 7): Well Maersk/Sterling and Fly Me are cadidates for the operation since they are partly owned by Fons the Icelandic investment company.
Jb, just wanted to remind you of a few matters.
Sterling is not partly owned by the Icelandic investment company Fons, but -fully- owned by them!
Sterling now even has a new CEO: Almar Örn Hilmarsson, and you might have guessed... He is an Icelander. Half of Sterling´s board consists of Icelanders as well:
Palmi Haraldsson - Chairman of the Board
I do not know what the stake of Fons Ehf in FlyMe is, it wouldn´t surpise me if that is 100% as well
Btw: Icelandic companies are doing rather well in the aviation business at the moment as you can see in the next news items:
FL GROUP, the parent company of Icelandair, has purchased 1,51% of the easyJet shares in addition to the 11.5% that the group already held in the company. FL GROUP therefore has 13,01% of the easyJet shares
AVION GROUP - Icelandic aviation and shipping company
The aviation activities are represented by a merger of Icelandic airlines, Air Atlanta Icelandic and Islandsflug together with handling service provider SouthAir. In addition, leisure travel service provider, Exel Airways Group forms part of this division as well as maintenance service provider, Avia Technical Services. There are currently 67 Boeing and Airbus aircraft in the fleet with a total number of 3,200 employees involved in their aviation activities.
Recently Avion acquired a 19% stake in Nevada based US charter airline Casino Express.
FINNAIR largest shareholders as at August 1, 2005:
Icelandic investment company Burðarás being the second largest shareholder after the Finnish state.
number of share (% of total share)
1 State of Finland 49,510,682 (58.34) 2 Burðarás 6,579,000 (7,75)
3 Odin Förvaltning AS 3,857,566 (4.55)
4 Tapiola Group 2,917,200 (3.44)
5 Pohjola Funds 1,289,000 (1.52)
6 Fortum Pension Insurance Company 489,820 (0.58)
7 Nordea Nordic Amall Cap Fund 483,700 (0.57)
8 OP Delta Funds 482,300 (0.57)
9 FIM Fenno Fund 465,000 (0.55)
10 Finnair Plc (own shares) 385,000 (0.45)
11 Saving Bank Finland Fund 292,100 (0.34)
12 EQ Funds 275,000 (0.32)
13 S-Stock Oy 273,000 (0.32)
14 Kaleva Mutual Insurance Company 250,000 (0.29)
15 Sampo Life Insurance Company 238,807 (0.28)
16 Alfred Berg Funds 236,150 (0.28)
17 Aktia Capital Fund 200,300 (0.24)
18 Nordea Pension Fund 196,200 (0.23)
19 Gyllenberg Funds 150,000 (0.18)
20 Veritas Group 143,001 (0.17)
21 Ilmarinen Mutual Pension Insurance Company 127,000 (0.15)
22 Rausanne Oy 111,300 (0.13)
23 Rautaruukki Pension Fund 100,000 (0.12)
24 Ingman Finance Oy Ab 100,000 (0.12)
... All this is not bad for a nation with only around 290.000 inhabitants!