Icelandair Group hf. - Company Announcement

Icelandair Group purchases two Boeing 757 200 aircraft

Icelandair Group has purchased two Boeing 757 200 aircraft which the Group
previously had on a long term lease. The purchase price is confidential.  The
two aircraft have been used in charter projects and they will continue to
operate as such.  Icelandair Group also sees opportunities to use the aircraft
later in its international scheduled operations. 



For further information, please contact:

Björgólfur Jóhannsson President and CEO, Icelandair Group, tel. +354-896-1455
Bogi Nils Bogason, CFO, Icelandair Group, tel. +354-665-8801