News Listings for Islandsflug

  • Surrogate supply

    News | 25 Jun 2006 23:00

    The growth of the wet-lease business has been driven by carriers eager to cut costs and match capacity to demand in an increasingly competitive world
  • Focus Iceland: Northern raiders

    News | 23 Jan 2006 00:00

    A small island in the North Atlantic does not immediately spring to mind as a hotbed of aggressive investment policies and strategic forays into foreign lands, yet Iceland has an abundance of both
  • Iceland’s overseas push

    News | 31 May 2005 23:00

    Icelandair’s parent company has branched into aircraft leasing as part of a new investment strategy, while the wider Icelandic aviation community is beginning an acquisition drive.
  • Air Atlanta looks to build up its Airbus portfolio

    News | 25 Apr 2005 23:00

    Icelandic operator also wants to strike balance between passenger and cargo activities
  • Etihad makes cargo debut with leased A300-600F

    News | 08 Mar 2005 00:00

    <p>Etihad Airways has introduced its first cargo aircraft with the lease of an Airbus A300-600F from Icelandic operator Islandsflug. The aircraft – an ex-Egyptair passenger A300 that was converted by EADS-EFW last year – has been delivered to the carrier on a two-year contract. The A300 has a payload of around 40t and is operating services from Etihad's Abu Dhabi hub to Amman, Frankfurt and Mumbai, as well as ad hoc charters. Islandsflug says that it will place two more freightsers with the carrier this year – a second A300-600F and an A310-300F. </p>
  • Wet-lease haven

    News | 10 Feb 2004 00:00

    <p>GRAHAM WARWICK / REKJAVIK</p> <p>Even for an island nation that is dependent on air transport for links to the rest of the world, Iceland has a disproportionate number of commercial aircraft on its registry - more than 50 for a population of less than 300,000. The reason is Iceland's emergence as a global centre for wet leasing.</p> <p>The growth in the Icelandic-registered fleet since the formation of passenger and freight charter specialist Air Atlanta Icelandic in 1989 has not been accompanied by similar growth in the island's aviation industry. The majority of the wet-leased aircraft operate elsewhere in the world and most of the crews are not locals. </p> <p>Only 300 of Air Atlanta's 500-1,000 employees, depending on season, are Icelandic citizens. This has led to calls for Iceland to invest more in training. "Our aviation students are decreasing as the fleet increases," says Gisli Baldur Gardarsson, chairman of the Icelandic aviation board.</p> <p>Air Atlanta has a fleet o