newstodate.aero
Oct 29, 2007 (newstodate): Eimskip has now retreated fully from its majority ownership in the airline Air Atlanta.
Consequently, Air Atlanta has been divided into two companies: an aircraft operating company under the name of Air Atlanta and an aircraft leasing company under the name of Northern Lights Leasing (NLL), which has acquired the Air Atlanta fleet of aircraft, consisting of 13 widebody jet aircraft.
Eimskip has sold its entire shareholding in Air Atlanta and has, moreover, sold 51 percent of its shareholding in the holding company NLL.
A company owned by the management of Air Atlanta, under the leadership of Hannes Hilmarsson, CEO, and Geir Valur Agustsson, VP Finance, has purchased all the shares in the management company Air Atlanta.
The company Artic Partners has purchased a 51 percent shareholding in Northern Lights Leasing while Eimskip retains the remaining 49 percent of the stake but plans to withdraw from that company in the future.
Arctic Partners, owned by Hafthor Hafsteinsson and Icelandic and overseas investors, also owns Avion Aircraft Trading.
Consequently, Air Atlanta has been divided into two companies: an aircraft operating company under the name of Air Atlanta and an aircraft leasing company under the name of Northern Lights Leasing (NLL), which has acquired the Air Atlanta fleet of aircraft, consisting of 13 widebody jet aircraft.
Eimskip has sold its entire shareholding in Air Atlanta and has, moreover, sold 51 percent of its shareholding in the holding company NLL.
A company owned by the management of Air Atlanta, under the leadership of Hannes Hilmarsson, CEO, and Geir Valur Agustsson, VP Finance, has purchased all the shares in the management company Air Atlanta.
The company Artic Partners has purchased a 51 percent shareholding in Northern Lights Leasing while Eimskip retains the remaining 49 percent of the stake but plans to withdraw from that company in the future.
Arctic Partners, owned by Hafthor Hafsteinsson and Icelandic and overseas investors, also owns Avion Aircraft Trading.