Icelandair is likely to get a new shareholder. Private multi-asset management firm Bain Capital has signed a binding agreement to take a 16.6 percent share in Icelandair Group the owner of the airline. The transaction, which is valued at $66.1…
Norwegian places hope on a capital increase to improve its financial position as it prepares for a gradual ramp-up of capacity, it said on April 29. The capital increase should pave the way for an exit from the examinership process…
While some European airlines have released results for their staggered financial years, it was actually Icelandair to be the first one to report on its full-year 2020 results on February 9. Like we have done with US airlines, here is…
Despite the dire position of many airlines and the world’s economy likely to head into a recession as the recovery of Covid-19 takes longer, there are still signs that the airline industry is seen as a good investment. Take for…
It’s mid-July and most airlines have significantly ramped up capacity since June, with more steps to follow this summer. Yet, traffic is still well below pre-Covid 19 levels. We bring you an update, with further updates on American Airlines, Emirates,…
We have been watching the decline in Iceland’s traffic with sadness. We were excited to see WOW grow and then it all ended so fast . (We were equally excited about what Norwegian might do but also ended not so…