Next Saturday, August 22, the Diamond Ring will be formally opened. The banner will be symbolically cut at a resting place on the road between Vesturdalur and Dettifoss, but the location can be seen in the link below. The Prime Minister, the Minister of Transport and the Minister of …
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 …
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 …
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 …
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, …
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 …
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 …
