Loftleidir-Icelandic

Icelandair Group Annual Report 2013
Subsidiaries
53
Loftleidir-Icelandic
Operation
Loftleidir–Icelandic is a capacity solution
company for international passenger
airlines and tour operators. LoftleidirIcelandic was formed in 2002, although
international charter operations had been
part of the general operations of the
airline and its predecessors for decades.
Loftleidir-Icelandic has developed from
being a marketing vehicle operating in
the international ACMI (Aircraft Crew
Maintenance and Insurance) and charter
markets, to become a capacity solution
provider focusing mainly on AM (Aircraft
and Maintenance) projects and
consulting services. The company has
expanded its horizon beyond the aircraft
types traditionally operated under the
Iceland­air AOC (Air Operator’s
Certificate) with the recent introduction
of the first B737-800 and B737-700
aircraft into its fleet.
Markets
Loftleidir-Icelandic works on a global
scale, as the company currently operates
AM (Aircraft and Maintenance), ACMI
(Aircraft, Crew, Maintenance and
Insurance) and full charter contracts in
Asia and the South Pacific as well as
North and South America.
In addition, Loftleidir-Icelandic has
established itself as a business class
specialist by operating first-class flights
around the world in an all-VIP business
class configuration.
Outlook
The overall outlook on the aircraft
leasing market is improving after a few
challenging years. The demand for
aircraft, especially B737 NGs (next
generation), is strong. However, availability is limited. Loftleidir-Icelandic intends
to capitalize on the improved market
conditions and secure new customers
and projects. The emphasis will continue
to be on the AM product with continued
efforts on the VIP and ACMI market. By
adding further NGs to its fleet Loftleidir
will continue to open up new segments
of the AM market with opportunities for
growth. ■
Number of aircraft by aircraft type 31.12.2013
Loftleidir
4 Boeing 757-200
3 Boeing 767-300
1 Boeing 737-700
2 Boeing 737-800
Numbers of sold block hours
(thousands) I 2009–2013
35
30
25
28.8
30.8
31.2
29.6
26.5
20
15
10
5
0
2009 2010 2011 2012 2013