newstodate.aero

Dec 11, 2019 (newstodate): The Board of Directors of Isavia has announced changes to the company's organizational structure.  
   Taking effect from January 1, 2020, the changes comprises the separation of various operating units in the company.
   Isavia's Airports Operations Division, which operates domestic airports, and the Navigation Services Division, responsible for navigation services, will be transferred to subsidiaries, while the operation of Keflavík Airport will remain with the parent company Isavia.  
   Tern Systems that develops and manufactures software for navigation services, and Suluk, responsible for navigation services in Greenland, will be operated by the new Navigation services company, while the Duty-Free Store will remain a subsidiary of the parent company, Isavia.
   The decision to transfer sections of Isavia to subsidiaries is made on the basis that the operational units are dissimilar in nature.  
   Keflavík Airport is operated in a strongly competitive market which however offers the greatest business opportunities while bearing, at the same time, by far the greatest operational risk. The operation of domestic airport is for the most part dependent on subsidies from the Icelandic State as it is a part of the state-owned public transport system.  
   The operation of navigation services, moreover, is largely on the basis of international agreements on overflights over the North Atlantic which is based on a cost recovery system.  
   As a result of the changes, each part of the operation will have its own board of directors and can set their own goals and focus.