Capacity Solutions and Aircraft Trading
Capacity Solutions and Aircraft Trading
Three companies are grouped together to emphasise Icelandair Group’s increased focus on international expansion in this field. The companies forming this Business Platform are: Loftleiðir-Icelandic, Bluebird Cargo and Icelease. Their role is to capitalise internal knowhow by offering aircraft operation services to third parties and taking advantage of trading opportunities in a fast-growing world market, as well as looking for opportunities for mergers and acquisitions.
Total turnover of Capacity Solutions and Aircraft Trading was ISK 10.7 billion and EBITDA was ISK 1.6 billion, an improvement of ISK 486 million from 2005.
What characterised the year 2006 was growth, both organic and external. In the field of aircraft trading, Icelease sold it’s positions in three aircraft, and Loftleiðir and LatCharter bought and sold one aircraft each, all deals yielding substantial profits.
