the Latvian airline owned by Loftleidir Icelandic, a
subsidiary of Icelandair Group has signed an agreement
with Virgin Nigeria Airlines, a subsidiary of Virgin Atlantic Airways. From
April this year LatCharter will operate two Boeing
767-300ER aircraft on the daily flight route between London, England and
Johannesburg, South-Africa, through Lagos, Nigeria
Einarsson, Icelandair Group
Chief Operating Officer and Chairman of LatCharter says the agreement is the largest in the history of Loftleidir Icelandic and LatCharter,
worth 7, 3 billion ISK in the next 4 years. The contract will generate revenue
of 2,1 billion ISK per year in year one and two and 1,5
billion per year for the rest of the contract.
“This agreement is in line with Icelandair
Group policy of fast growth in the international charter operations and
aircraft trading. We look at this a knowledge based expansion, as we are
exporting the vast experience and business contacts within Icelandair
Group. This contract is an important milestone on that route; it increases
turnover fast, it opens new markets and opportunities for further growth”.
pleased with our marketing success in the growing travel and tourism sector in
Africa. In addition to this new assignment Loftleidir
Icelandic has since last November operated a Boeing 767-300ER aircraft for
Ghana International Airlines on the route between London and Johannesburg,
through Accra”, says Sigþór Einarsson.
Loftleidir Icelandic acquired the charter airline
LatCharter Airlines last year. At that time, Latcharter operated two
Airbus A320 aircraft. Two more A320’s have since been
added, and when the two Boeing
aircraft that will be flown
for Virgin are added the fleet
will have tripled since the
company was purchased. Further growth is expected
in the near future for both LatCharter and Loftleidir Icelandic.
Virgin Nigeria Airlines was founded in September 2004 and
is a part of the Virgin Group headed
by Richard Branson. The company is
a subsidiary of Virgin Atlantic Airways. The Virgin Nigeria
fleet is now 11 aircraft, serving 10 destinations.
For further information, please contact Sigþór Einarsson tel: