Category: News

  • Municipality hosts meeting to discuss drug abuse prevention tonight

    Municipality hosts meeting to discuss drug abuse prevention tonight

    Norðurþing municipality hosts a meeting for parents and guardians of youth in the municipality to discuss drug abuse and ways of prevention. The meeting takes place in FSH tonight at 7.30 PM. The Akureyri Investigative Police force will take place and the floor will be open for discussions and questions at the end of the meeting. Photo…

  • Airbus signs contract to sell 300 planes to China

    Airbus signs contract to sell 300 planes to China

    European airplane manufacturer Airbus has signed a deal this week to sell 300 Airbus aircraft to China Aviation Supplies Holding Company, including 290 A320 planes and 10 A350, French presidency Emmanuel Macron has said in a press statement. The deal is worth about 30 billion Euros at catalog prices, but airplane manufacturers usually grant significant…

  • Norðurþing municipality granted 32.6 million króna for fiber-optic connections in rural areas

    Norðurþing municipality granted 32.6 million króna for fiber-optic connections in rural areas

    Sigurður Ingi Jóhannsson, minister of Transportation and Local Government, Páll Jóhann Pálsson, chairman of the Telecommunications Fund of Iceland, and local representatives, today signed agreements on co-sponsorship from the Telecommunications fund and regional grants from the Ministry of Transportation to build a network of fiber-optic in rural areas in 23 municipalities around Iceland. Norðurþing municipality…

  • WOW air in discussions with bond holders and creditors

    WOW air in discussions with bond holders and creditors

    Icelandic budget airline WOW air has entered into advance discussions with bond holders and creditors about converting debt into equity, according to a press release issued by the airline last night. “A majority of WOW air Bond Holders and other creditors of WOW air are in advance discussions with the aim of reaching an agreement…

  • Most WOW flig­hts on schedule today as Mo­gensen tries to save the air­line

    Most WOW flig­hts on schedule today as Mo­gensen tries to save the air­line

    Almost all WOW air flights are on on schedule today as the CEO and founder Skúli Mo­gensen tries to save the air­line from bankruptcy, follow­ing the dis­soluti­on of negotiati­ons with Icelanda­ir Group yester­day. All WOW air flights from Ice­land today were on schedu­led this morn­ing except the flight to Gatwick Airport in London. That flight…

  • The next two-day strike could cost tourism companies half a billion króna

    The next two-day strike could cost tourism companies half a billion króna

    The proposed two-day strikes of labor unions Efling and VR could cost tourism companies in Iceland up to half a billion króna, according to Jóhannes Þór Skúlason, director of the Icelandic Tourism Association. A new round of strikes has been announced for next Thursday, when employees of hotels and bus companies will stop work for two…

  • Icelandair stock up 6% after Indigo Partners cancel WOW air negotiations

    Icelandair stock up 6% after Indigo Partners cancel WOW air negotiations

    Shares in Icelandair Group rose by 5,8 percent yesterday, after the company announced that it had again started negotiations to acquire the Iceladic budget airline WOW air. The American private equity firm Indigo Partners, which has a controlling interest in the American Frontier Airlines and Chilean low-cost start-up JetSmart, announced this week that negotiations to…

  • Indigo Partners cancel negotiations with WOW air

    Indigo Partners cancel negotiations with WOW air

    The proposed investment of Indigo Partners in Icelandic budget airline WOW air has been cancelled. The talks started after WOW air ran into financial difficulties last year. All negotiations between WOW air and Indigo Partners have been cancelled, and WOW air has subsequently started another round of discussions with Icelandair Group. “The parties aim to…

  • Population of Northeastern Region goes down by 4.3 percent since last year

    Population of Northeastern Region goes down by 4.3 percent since last year

    Statistics Iceland has published the annual population number updates for January 1 of 2019. According to SI, the population of the northeastern region Þingeyjarsýsla has fallen from 5320 in 2018 to 5088 this year. This year’s number is though higher than all years prior to 2018 when looking at the population development of the last…

  • Rúnar Sigurpálsson appointed CEO of PCC as Jökull Gunnarsson leaves the company

    Rúnar Sigurpálsson appointed CEO of PCC as Jökull Gunnarsson leaves the company

    Jökull Gunnarsson, who took over as CEO of the Bakki plant last fall, has announced that he will step down for personal reasons as CEO of PCC BakkiSilicon next month. Jökull has stated that he is leaving for personal reasons, and not because of ongoing technical problems at the plant. He will work closely with…