Flugblogg
  • Airlines
  • Airports
  • Flight Safety
  • Helicopters
  • Lifestyle
  • About Us
Flugblogg
Support Us
  • Airlines
  • Airports
  • Flight Safety
  • Helicopters
  • Lifestyle
  • About Us
Icelandair Cargo Boeing 757 TF-FIG take off from Reykjavik airport (BIRK) during Reykjavik Airshow 2019 // Source: Flugblogg
  • Airlines
  • News

Icelandair got ISK 30,3 billion for shares. Denied offer from WOW air ideologist Michele Roosevelt Edwards

  • Andrei Menshenin
  • September 18, 2020
  • 2 minute read

Icelandair received a total offer of ISK 37.3 billion for shares in Icelandair, which accepted an offer of ISK 30.3 billion. Excess demand in the offering was therefore 85% from both institutional investors and retail investors. It was decided to increase the auction from ISK 20 billion to ISK 23 billion, Viðskiptablaðið reported.

The offering price was ISK 1 per share, in addition to which there is a 25% subscription right at the same price plus 15% interest for the next three years amounting to ISK 5.7 billion. A total of over 9 thousand subscriptions were received and the company’s shareholders will be around 11 thousand after the auction. The underwriting of Íslandsbanki and Landsbankinn was not activated, but it was based on up to ISK 6 billion, provided that it managed to reach ISK 14 billion in the auction.

CEO of Icelandair Group Bogi Nils Bogason said: “We are humbled and grateful for the great trust that Icelandair Group was shown in the share offering, which is the final step in the company’s financial restructuring. With a broader shareholder base, a strong balance sheet and a flexible route system, we will be ready to respond quickly when demand picks up again. We intend, here as heretofore, to ensure strong air transport to and from Iceland and across the Atlantic, with the associated benefits for the Icelandic economy and quality of life in this country”.

Meanwhile the board of Icelandair yesterday rejected the offer of American ideologist of collapsed low-cost WOW air resurrection Michele Roosevelt Edwards. According to Fréttablaðið sources, her offer was ISK 7 billion for Icelandair. Ballarin could not provide sufficient collateral to confirm that she had funds available to be able to afford the purchase.

Total
1
Shares
Share 1
Tweet 0
Share 0
Related Topics
  • Bogi Nils Bogason
  • finance
  • Icelandair
  • Michele Roosevelt Edwards
  • WOW air
Previous Article
Eagle Air (Flugfélagið Ernir) Dornier 328 TF-ORI At the short final in Reykjavik capital airport (BIRK) // Source: Ívan Elís
  • Airlines
  • News

Eagle Air lost subsidised routes because of Norlandair and going to appeal the results of the auction

  • Andrei Menshenin
  • September 16, 2020
View Post
Next Article
Inaugural flight of "Eagle Air" Dornier 328 (reg. TF-ORI) // Source: Flightradar24
  • Airlines
  • News

The results of the subsidised routes auction were cancelled after Eagle Air appellation

  • Andrei Menshenin
  • September 18, 2020
View Post
Read more on Flugblogg
UPS Boeing 747-8F reg. N618UP // Source: UPS
View Post
  • Airports
  • Flight Safety
  • News

Replicas of firearms, fireworks and a bottle with liquid were found on board a freighter with an allegedly “bomb” in Keflavik

  • September 29, 2022
Keflavik airport terminal // Source: Isavia
View Post
  • Airports
  • Flight Safety
  • News

Bomb threat received in Keflavik after UPS freighter diverted there

  • September 29, 2022
Icelandair Boeing 757-200 reg. TF-FIK damaged in Heathrow airport by Korean Air Boeing 777 // Source: CPlanespotting (Twitter)
View Post
  • Airlines
  • Flight Safety
  • News

Icelandair plane was damaged by another aircraft in Heathrow airport

  • September 28, 2022
Air Greenland Bombardier Dash 8 Q200 reg. OY-GRH in Keflavik airport // Source: Andy Todd (flickr.com)
View Post
  • Airlines
  • News

Icelandair signs new interline agreement with Air Greenland

  • September 19, 2022
Heart Aerospace ES-30 // Source: Heart Aerospace
View Post
  • Airlines
  • News

Icelandair joins the development of the electric plane ES-30

  • September 16, 2022
Part of an engine, fallen in the yard in Waremme, from Air Atlanta Icelandic Boeing 747-412F reg. TF-AMC // Source: Facebook page of Hervé Rigot
View Post
  • Airlines
  • Flight Safety
  • News

Air Atlanta Icelandic plane dropped part of an engine in the yard of a house in Belgium

  • September 9, 2022
Near-miss in Keflavik between flights ICE533 and ICE6LC // Source: Flightradar24
View Post
  • Airlines
  • Flight Safety
  • News

The dangerous approach in Keflavik. Arriving plane almost landed on the departing aircraft

  • September 2, 2022
Óli Öder Magnusson is ferrying ultra-light ICP Savanah S to Iceland // Source: Óli Öder Magnusson
View Post
  • General aviation
  • News

On ultra-lights over the ocean. How Icelanders delivered planes from Italy

  • August 30, 2022
Flugblogg on Facebook
Comments Box SVG iconsUsed for the like, share, comment, and reaction icons

Flugblogg

4 hours ago

Flugblogg

Glænýtt fréttabréf FÍA komið út! www.fia.is/frettir-fundagerdir/frettir/nytt-frettabref-feb2023/ ... See MoreSee Less

  • Likes: 0
  • Shares: 0
  • Comments: 0

Comment on Facebook

Flugblogg

4 hours ago

Flugblogg

Photos from Akureyri International Airport's post ... See MoreSee Less

  • Likes: 10
  • Shares: 0
  • Comments: 0

Comment on Facebook

Flugblogg

21 hours ago

Flugblogg

A team of Icelandic search and rescue experts is currently en route to Turkey to provide assistance after the devastating earthquake there ... See MoreSee Less

A team of Icelandic search and rescue experts is currently en route to Turkey to provide assistance after the devastating earthquake there
  • Likes: 37
  • Shares: 2
  • Comments: 0

Comment on Facebook

Load more
Subscribe to be informed

All copyrights are reserved. Partial copying of materials, video or audio is allowed only with the mentioning of the source: Flugblogg.is
With all inquiries write us to
inboxflugblogg @gmail.com

Flugblogg
Aviation blog with reviews of Icelandic aviation trends, interviews with aviators, aviation analysts and reports on general aviation. Here you will find reviews of the flights of Icelandic airlines, planes, helicopters, routes and airports.

Input your search keywords and press Enter.