Eimskipafélag Íslands
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(Redirected from Avion Group)
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| Type | Privately held company |
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| Industry | Investment |
| Founded | 1 January 2005 |
| Headquarters | Reykjavík, Iceland |
| Key people | Sindri Sindrason (Chairman of the board), Gylfi Sigfusson (President and CEO) |
| Products | Aviation services, shipping and logistics |
| Revenue | €1.444 billion (2007)[1] |
| Profit |  (€9.10 million) (2007)[1] |
| Employees | 9,500 (2007)[1] |
| Website | www.eimskip.com |
Hf. Eimskipafélag Íslands (Avion Group prior to November 2006) is a large Icelandic investment company, focused on investments in the transportation industry. The company was formed on January 1, 2005, from several long standing companies. In 2005, Eimskipafélag Íslands was ranked the second fastest growing business in Europe by the Association for Dynamic Entrepreneurs. The group's transportation fleet currently consists of 61 Airbus and Boeing aircraft, 30 ships and 170 trucks. The company is the largest ACMI operator in the world.
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[edit] Ownership
- Frontline Holding SA 36,42% (registered in Luxembourg). 90% of the company's shares is controlled by Magnus Thorsteinsson.[2]
- Fjárfestingarfélagið Grettir hf 33.25%. The company is partially controlled by Thor Bjorgolfsson and Bjorgolfur Gudmundsson.[2]
- Landsbanki Luxembourg SA 4,69% (registered in Luxembourg)[2] Controlled by Thor Bjorgolfsson and Björgólfur Guðmundsson.
- Others
[edit] Businesses
Eimskipafélag Íslands is formed of two business divisions, each consisting of one or more companies:
- Eimskipafélag Íslands Shipping & Logistics businesses
- Eimskip maritime transportation company
- Eimskipafélag Íslands Aviation Services businesses
- Air Atlanta Icelandic
- Avia Technical Services
- Avion Aircraft Trading fréttir leasing company
- SouthAir
Eimskipafélag Íslands was listed on the Iceland Stock Exchange in January 2006.
[edit] Management
- Sindri Sindrason, Chairman
- Hannes Hilmarsson, CEO, Air Atlanta Icelandic
- Baldur Guðnason, CEO, Eimskip
- John O'Loughlin, Managing Director, Avia Technical Services
[edit] Former Airline Holdings
[edit] References
- ^ a b c "Annual Report 2007". Eimskipafélag Íslands. http://www.eimskip.com/PortalData/1/Resources/financial_results/Annual_Report_2007_LQ_final.pdf. Retrieved 2008-05-07.
- ^ a b c "Grettir annar stærsti hluthafinn í Avion Group". http://www.mbl.is/mm/vidskipti/frettir/2006/11/01/grettir_annar_staersti_hluthafinn_i_avion_group/.
