Icelandair Group hf. (the Group) announced on 31 January 2011 that all documents were in an agreed form between the Group and its lenders and the only matter which was delaying the closing was the approval of the Icelandic Competition Authority which is necessary to sell assets to a company owned by the lenders. All necessary approvals have now been provided and all documents relating to the financial restructuring have now been signed. The financial restructuring of the Group is therefore now completed.
Further information:
Björgólfur Jóhannsson, President and CEO +354 896 1455
Bogi Nils Bogason, CFO +354 665 8801