Icelandair Group Annual Report 2007

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34 Senior Management Hjörtur Þorgilsson VP INFORMATION TECHNOLOGY, ICELANDAIR Hjörtur was appointed to his current position in January 2006. He joined Flugleiðir in 1985, started in the Technical Department’s cost control unit, became Manager in the Planning Department 1988 and Director in 1994, and then Director of Information Development in 1997. Hjörtur received his Cand.Oceon degree from the University of Iceland in 1985. Jens Bjarnason SVP TECHNICAL SERVICES ICELANDAIR Jens was appointed to his current position on 20 September 2005. He joined Flugleiðir in September 1996 as Director of Flight Operations after working for the Icelandic CAA as Director of Flight Safety. He is an Aeronautical Engineer and received his Ph.D. from Northwestern University in the USA in 1992. Una Eyþórsdóttir VP OF HUMAN RESOURCES, ICELANDAIR Una was appointed to her current position in 2001. She joined Flugleiðir in 1975, first in Human Resources, and from 1983 to 1987 in the Information Technology department, first as a supervisor and later a divisional manager, and then in the Information Department 1987-1996 as a Divisional Manager. She was appointed Manager of Employee Development in 1996 and Personnel Manager in 2001. Una studied English and Psychology at the University of Iceland and earned an MBA degree from the same university in 2002. Pétur J. Eiríksson MANAGING DIRECTOR OF ICELANDAIR CARGO Pétur was appointed to his present position in January 2000. He joined Flugleiðir in June 1981 and has held several positions within Icelandair, including Director for Scandinavia and Finland, Senior Vice President of Marketing and Senior Vice President of Business Development before taking over his present position when Icelandair Cargo was founded. Pétur holds a B.Sc degree in Economics from the University of Edinburgh and a master’s degree from the University of Gothenburg, Sweden. Gunnar S. Olsen MANAGING DIRECTOR OF IGS Gunnar was appointed Managing Director when an independent company was formed to handle Icelandair‘s ground services in Keflavík in 2001. He has held various managerial positions within Icelandair Group hf. in Iceland and abroad.
Senior Management 35 Guðni Hreinsson MANAGING DIRECTOR OF LOFTLEIÐIR-ICELANDIC Guðni Hreinsson took over as Managing Director of Loftleiðir Icelandic in 2006. Guðni joined Flugleiðir in 1997 as a marketing representative in Sales Control and from 2000-2003 he worked at The Icelandic Web Agency. Since 2003 Guðni has been Director of Marketing at Loftleiðir Icelandic. Guðni holds a Bachelor’s degree in Humanistic Informatics & Communication from Aalborg University, Denmark. Skúli Skúlason Managing Director of Bluebird Cargo Skúli has been the managing director of Bluebird Cargo since February 2008. Before that he was the Commercial Director for Bluebird since 2006. From 1996 Skúli was the managing director of Flugflutningar station manager at Keflavik Airport. He became managing director for Flugflutningar in 1996 and with Flugflutningar as one of the key shareholders in start up airline Bluebird Cargo he took active role in the start up process as board member and the quality manager. Skúli received his degree in Mechanical Engineering from the University of Iceland in 1991. Kári Kárason MANAGING DIRECTOR OF ICELEASE AND IG INVEST Kári was appointed to his current position in 1 June 2006. He joined Flugleiðir in 1994, and worked in finances until 1999. From 1999 to 2005 Kári was the Managing Director for Icelandair Hotels. He received his Cand.Oecon degree from the University of Iceland. Gardar Forberg, Managing director of Latcharter Airlines. Gardar has worked in the world of aviation since 1996. He started his career as operations officer with Air Atlanta Icelandic in Jeddah, Saudi Arabia. In 2001, he became their Marketing Manager. In 2003, he became Chief of Air Movement and Commander at Pristina Airport, Kosovo. In 2004 he moved to Islandsflug Airlines as Deputy Managing Director. Later that same year he was called back to NATO to run Kabul Airport. In 2005 when Mr. Forberg returned to Air Atlanta Icelandic as Vice President Sales and Marketing.
Page 1: Icelandair Group Annual Report 2007
Page 6 and 7: 4 2007 Calendar January February Ma
Page 8 and 9: 2007 Calendar 6 July August Septemb
Page 10 and 11: 8 Dear Shareholder The principal ai
Page 12 and 13: 10 CEO’s Comment It is both a gre
Page 15 and 16: Another charter for today. TF-FIT d
Page 17 and 18: 15 An Extraordinary Shareholders Me
Page 20 and 21: 18 Board of Directors Gunnlaugur M.
Page 23 and 24: Market Overview 21 The Aircraft Mar
Page 25 and 26: Icelandair Group Fleet 23 2 Boeing
Page 27 and 28: Financials 25 FINANCIAL INCOME AND
Page 29 and 30: Shareholder Information 27 the tota
Page 32 and 33: 30 Risk Management Risk Management
Page 34 and 35: 32 Senior Management of Icelandair
Page 38 and 39: 36 Senior Management Árni Gunnarss
Page 40 and 41: 38 Our Roots in the Community Icela
Page 42 and 43: 40 Scheduled Airline Operations Sch
Page 44 and 45: 42 Icelandair Icelandair is the lar
Page 46 and 47: 44 and New York to Keflavik and nig
Page 48 and 49: 46 Icelandair Ground Services Inter
Page 50 and 51: 48 Global Capacity Solutions Icelan
Page 52 and 53: 50 Loftleiðir Icelandic Global Cap
Page 54 and 55: 52 Bluebird Cargo Global Capacity S
Page 56 and 57: 54 Chefs at the Hilton Reykjavik No
Page 58 and 59: 56 Air Iceland Travel & Tourism Ope
Page 60 and 61: 58 Icelandair Hotels Outlook Icelan
Page 62 and 63: 60 Iceland Travel At Iceland Travel
Page 64 and 65: 62 Endorsement & Statement by the B
Page 66 and 67: 64 Independent Auditors’ Report T
Page 68 and 69: 66 Consolidated Balance Sheet as at
Page 70 and 71: 68 Consolidated Statement of Cash F
Page 72 and 73: 70 Notes, contd.: 2e. contd.: begin
Page 74 and 75: 72 Notes, contd.: 3c. contd.: (iii)
Page 76 and 77: 74 Notes, contd.: 3. contd.: i. Imp
Page 78 and 79: 76 Notes, contd.: 3. contd.: p. Inc
Page 80 and 81: 78 Notes, contd.: 3t. contd.: •.
Page 82 and 83: 80 Notes, contd.: 5. contd.: Busine
Page 84 and 85: 82 Notes, contd.: Operating expense
Page 86 and 87:
84 Notes, contd.: 14. contd.: Aircr
Page 88 and 89:
86 Notes, contd.: 18. contd.: Trade
Page 90 and 91:
88 Notes, contd.: Long-term receiva
Page 92 and 93:
90 Notes, contd.: 28. contd.: Hedgi
Page 94 and 95:
92 Notes, contd.: 32. Contractual r
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94 Notes, contd.: 35. contd.: The n
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96 Notes, contd.: 38. contd.: Expos
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98 Notes, contd.: 38. contd.: Expos
Page 102 and 103:
100 Notes, contd.: 38. contd.: Equi
Page 104 and 105:
102 Notes, contd.: 43. contd.: Sala
Page 106:
104 Notes, contd.: Pro forma 2007 2
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Icelandair Group Annual Report 2007

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