Hf. Eimskipafélag Íslands (Avion Group prior to November 2006) is a large Iceland

Iceland

Iceland , described as the Republic of Iceland, is a Nordic and European island country in the North Atlantic Ocean, on the Mid-Atlantic Ridge. Iceland also refers to the main island of the country, which contains almost all the population and almost all the land area. The country has a population...

ic investment company, focused on investments in the transportation industry. The company was formed on January 1, 2005, from several long standing companies. In 2005, Eimskipafélag Íslands was ranked the second fastest growing business in Europe

Europe

Europe is, by convention, one of the world's seven continents. Comprising the westernmost peninsula of Eurasia, Europe is generally 'divided' from Asia to its east by the watershed divides of the Ural and Caucasus Mountains, the Ural River, the Caspian and Black Seas, and the waterways connecting...

 by the Association for Dynamic Entrepreneurs. The group's transportation fleet currently consists of 61 Airbus

Airbus

Airbus SAS is an aircraft manufacturing subsidiary of EADS, a European aerospace company. Based in Blagnac, France, surburb of Toulouse, and with significant activity across Europe, the company produces around half of the world's jet airliners....

 and Boeing

Boeing

The Boeing Company is an American multinational aerospace and defense corporation, founded in 1916 by William E. Boeing in Seattle, Washington. Boeing has expanded over the years, merging with McDonnell Douglas in 1997. Boeing Corporate headquarters has been in Chicago, Illinois since 2001...

 aircraft, 30 ships and 170 trucks. The company is the largest ACMI operator in the world.

Ownership

1. Frontline Holding SA 36,42% (registered in Luxembourg). 90% of the company's shares is controlled by Magnus Thorsteinsson.
2. Fjárfestingarfélagið Grettir hf 33.25%. The company is partially controlled by Thor Bjorgolfsson and Bjorgolfur Gudmundsson.
3. Landsbanki
   Landsbanki
   Landsbanki, also commonly known as Landsbankinn in Iceland, is a private Icelandic bank with international operations...
   
    Luxembourg SA 4,69% (registered in Luxembourg) Controlled by Thor Bjorgolfsson and Björgólfur Guðmundsson
   Björgólfur Guðmundsson
   Björgólfur Guðmundsson was the chairman and former owner of West Ham United FC. Björgólfur was Iceland's second businessman worth more than a billion dollars — his son, Björgólfur Thor Björgólfsson being the first. He was ranked by Forbes magazine in March 2008 as the 1014th-richest person in the...
   
   .
4. Others

Businesses

Eimskipafélag Íslands is formed of two business divisions, each consisting of one or more companies:

• Eimskipafélag Íslands Shipping
  Shipping
  Shipping has multiple meanings. It can be a physical process of transporting commodities and merchandise goods and cargo, by land, air, and sea. It also can describe the movement of objects by ship.Land or "ground" shipping can be by train or by truck...
  
   & Logistics
  Logistics
  Logistics is the management of the flow of goods between the point of origin and the point of destination in order to meet the requirements of customers or corporations. Logistics involves the integration of information, transportation, inventory, warehousing, material handling, and packaging, and...
  
   businesses
  • Eimskip maritime transportation company
• Eimskipafélag Íslands Aviation Services businesses
  • Air Atlanta Icelandic
    Air Atlanta Icelandic
    Air Atlanta Icelandic is a charter and cargo airline based in Kópavogur, Iceland. It specialises in leasing aircraft on an ACMI /wet lease basis to airlines worldwide needing extra passenger and cargo capacity. It also operates charter services for Icelandic tour operators...
    
    
  • Avia Technical Services
  • Avion Aircraft Trading fréttir leasing company
  • SouthAir

Eimskipafélag Íslands was listed on the Iceland Stock Exchange

Iceland Stock Exchange

NASDAQ OMX Iceland or ICEX was established in 1985 as a joint venture of several banks and brokerage firms on the initiative of the central bank. Trading began in 1986 in Icelandic government bonds, and trading in equities began in 1990. Equities trading increased rapidly thereafter...

 in January 2006.

Management

• Sindri Sindrason, Chairman
• Hannes Hilmarsson, CEO, Air Atlanta Icelandic
  Air Atlanta Icelandic
  Air Atlanta Icelandic is a charter and cargo airline based in Kópavogur, Iceland. It specialises in leasing aircraft on an ACMI /wet lease basis to airlines worldwide needing extra passenger and cargo capacity. It also operates charter services for Icelandic tour operators...
  
  
• Baldur Guðnason, CEO, Eimskip
• John O'Loughlin, Managing Director, Avia Technical Services

Former Airline Holdings

• XL Airways France
  XL Airways France
  XL Airways France is a French airline with its head offices on the grounds of Paris-Charles de Gaulle Airport and in Tremblay-en-France. It operates scheduled flights mainly to long-haul destinations in Africa, the Middle East and the Caribbean as well as charter flights to medium-haul destinations...
  
   / Star Airlines (France)
• Air Atlanta Europe
  Air Atlanta Europe
  Air Atlanta Europe was an airline based at London Gatwick Airport, United Kingdom. It provided long term wet-lease contract flights for Excel Airways , Virgin Atlantic and others, as well as ad hoc flights tailored to customer requirements.On 1 May 2006, Air Atlanta Europe was absorbed into Excel...
  
  
• Islandsflug
  Islandsflug
  Islandsflug was an airline and aircraft leasing company based in Iceland. It operated charter and scheduled passenger and cargo services, as well as wet lease services. Its main base was Keflavík International Airport, Reykjavík. In 2005 it merged into Air Atlanta Icelandic...