New Icelandic Airline to Launch Flights to Europe Skip to content

New Icelandic Airline to Launch Flights to Europe

The establishment of a new Icelandic airline is underway and the goal is for it to start offering flights to Europe in the spring. An agreement with a large Canadian aircraft operator on the long-term renting of several Boeing passenger jets is in the final stages.

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Keflavík International Airport. Copyright: Icelandic Photo Agency.

According to Morgunbladid and ruv.is, the company is in the majority ownership of Skúli Mogensen, who runs the investment company Títan.

Other shareholders include Baldur Baldursson, who will serve as managing director, and Matthías Imsland, former CEO of Iceland Express.

Iceland Express is actually filing an injunction against Imsland, claiming that he is using confidential information from the airline in the establishment of the new company. The injunction states that Imsland was fired as CEO for embellishing Iceland Express’s books, as Fréttabladid reports.

A statement sent by Imsland’s lawyer Jóhannes Árnason this morning reads that the injunction has neither legal grounds nor grounds in written agreements. Its real purpose is to harm Imsland’s reputation and a defamation charge is being looked into.

But first a demand will be made that the District Commissioner in Reykjavík dismisses “this absurd injunction”, as it is phrased in the statement.

ESA

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