Category: Travel
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Geosea awarded by Travel Industry Association
The new Geosea baths in Húsavík have been awarded the TIA Innovation Award for 2019. The award is given annually on November 11, this year presented by the President of Iceland to the chairman of Geosea. 32 projects were nominated this year. “We are extremely proud to accept this awards, and we feel it shows…
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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…
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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…
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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…
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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…
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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…
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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…
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Landsvirkjun to finish construction of Þeistareykir road
Landsvirkjun, the national power company of Iceland, has announced that it will finish the construction of Þeistareykir road, connecting Húsavík and Lake Mývatn. The power company started the building of the road from Húsavík to service its new power station at Þeistareykir. “The new road will open more possibilities for tourism in the area, connecting…
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New Vaðlaheiði tunnel opened for traffic from today
Workers have been busy for the last 24 hours to finish work on the new tunnel connecting Húsavík and Akureyr, that are now open to traffic. The tunnel is open and will be free of charge until 2 January, when they will officially open. This is good news for Christmas shoppers on both sides of…
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Schooner Rembrandt arrives in Húsavík again
Three-mast passenger sailing schooner Rembrandt Van Rijn arrived in Húsavík this evening. This is not the first time the majestic schooner comes to Húsavík, and it is always a sight to see. This time arriving from Grímsey island with 17 passengers, and heading on to Akureyri tomorrow afternoon, Rembrandt was built as a herring lugger…