United Kingdom
United States
Asia Pacific
Icelandair to sell easyJet stake
Friday, 05 Apr, 2006
0
Iceland’s national carrier, Icelandair, is preparing to sell its 16.9% stake in easyJet for around £220 million, according to reports.
The airlines parent company, FL Group initially acquired an 8% stake in the low cost carrier in October 2004 and has twice added to its shareholding.
But according to the Guardian, problems with Iceland’s economy is forcing FL Group to sell its stake. It is believed it will make a profit of £100 million on its original investment.
The move would appear to end the long-running speculation of Icelandair buying easyJet.
Mark Jaronski of Explore Georgia on FIFA World Cup 2026
Connecting Small Businesses to Global Tourism Markets: Nate Huff of Tourism Exchange
North Carolina’s Resilience: Wit Tuttell on Recovery and Tourism
Kittipong Prapattong’s Plan for Thailand’s Tourism Growth: Taxes, Visas, and Campaigns
James Jin: Didatravel’s Journey from China to Global Reach and the Impact of AI on Travel
Darien Schaefer on Pensacola’s Evolution: From Small Town to Global Destination
Florida Tourism’s Next Frontier: Dana Young on Expanding Beyond the Classics
Patrick Harrison on Tampa Bay Tourism’s Resilience and Marketing Strategy
Bubba O’Keefe on Clarksdale’s Vibrant Music Scene
Commemorating Elvis and Embracing Tupelo’s Culture with Jennie Bradford Curlee
Craig Ray and the Expansion of the Blues Trail
Presenting Mississippi’s Cultural Trails with Katie Coats
Dozens fall ill in P&O Cruises ship outbreak
BA suspending all Heathrow to Abu Dhabi flights
Turkish Airlines flight in emergency landing after pilot dies
Unexpected wave rocks cruise ship
Woman dies after going overboard in English Channel