Iceland Express to Buy New Aircraft Fleet Skip to content

Iceland Express to Buy New Aircraft Fleet

By Iceland Review

icelandexpressThe representatives of the airline Iceland Express have applied for an operations license from the Icelandic Civil Aviation Administration as part if its plans to invest in a new fleet of airplanes which could be ready for launch by April 1, 2012.

According to Fréttabladid, Iceland Express is planning to use its own airplanes for most destinations instead of those rented by the British airline Astraeus.

The newspaper’s sources state that Iceland Express’s board approved these plans in October and applied for the license early this week. It might take as long as four months to process the application.

Both Iceland Express and Astraeus, which rents airplanes to many other airlines, including British Airways and Easy Jet, are owned by Fengur, the holding company of Icelandic tycoon Pálmi Haraldsson. Fengur is said to have allocated more than ISK 1 billion (USD 8.7 million, EUR 6.3 million) to Iceland Express in past weeks.

Lat week it was announced that a new Icelandic airline, WOW Air, is planning to launch scheduled flights between Iceland and Europe next spring.

Click here to read more about the new airline.


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