Icelandair Group hf. - Company Announcement

Revolving Loan Facility Agreement

Icelandair Group hf. has entered into a five year Revolving Loan Facility
Agreement for the amount of 70 million dollars with Islandsbanki hf. The
facility will be utilised as necessary for seasonal fluctuations in the
Company's finances, to support continued growth and to partially finance
aircraft investments that have been announced. 



Further information:

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

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