Icelandair Group hf. - Company Announcement

Agreement signed with Icelandic Airline Pilots Association (FIA).

Agreement signed with  Icelandic Airline Pilots Association (FIA).

Icelandair Group and the Icelandic Airline Pilots Association (FIA) signed
early this morning a wage agreement that is valid until 30 September 2014. 
Over the term of the agreement, Icelandair Group and FIA will jointly work
towards a long term agreement.  The agreement is in broad terms in line with
agreements already signed on the Icelandic labour market this year.  The
agreement will now be presented by FIA to its members that will vote
electronically on the agreement in the next seven days. 

At this time is not possible to estimate Icelandair Group‘s loss due to FIA‘s
actions during this industrial dispute. 

Further information:

Bjorgolfur Johannsson, President and CEO
bubbi@icelandairgroup.is
+ 354 896 1455

Bogi Nils Bogason, CFO
bogi@icelandairgroup.is
+ 354 665 8801