The Icelandair Group's in-house tour operator, Iceland Travel, was sold in full to competitor Nordic Visitor. However, the approval of the competition authority is still pending.

In a stock exchange announcement, Icelandair writes that the divestment of the tour operator activities, which date back to 1937, is part of the new strategy. You want to concentrate on the core business of aviation.

The exact purchase price has not yet been determined, as this will only be determined shortly before the transaction is concluded. According to the stock exchange announcement, the calculation should then be based on Iceland Travel's cash position and debt. According to the adhoc announcement, however, the latter should be very low.