Group Entities
44. The Company holds thirteen subsidiaries which are all included in the consolidated financial statements. They are:
| Ownership interest | ||||||||||||
|---|---|---|---|---|---|---|---|---|---|---|---|---|
| 2007 | 2006 | |||||||||||
| Scheduled airline operations: | ||||||||||||
| Icelandair ehf. | 100% | 100% | ||||||||||
| Icelandair Cargo ehf. | 100% | 100% | ||||||||||
| Icelandair Technical Services ehf. (ITS) | - | 100% | ||||||||||
| Icelandair Ground Services ehf. (IGS) | 100% | 100% | ||||||||||
| Global capacity solutions and aircraft trading: | ||||||||||||
| Blue Cargo ehf. | - | 100% | ||||||||||
| Bluebird Cargo ehf. | 100% | 100% | ||||||||||
| IceLease ehf. | 100% | 100% | ||||||||||
| IG Invest ehf. | 100% | 100% | ||||||||||
| Loftleiðir - Icelandic ehf. | 100% | 100% | ||||||||||
| Lerox CZ s.r.o. | 100% | - | ||||||||||
| Travel and tourism: | ||||||||||||
| Air Iceland ehf. | 100% | 100% | ||||||||||
| Iceland Travel ehf. | 100% | 100% | ||||||||||
| Icelandair Hotels ehf. | 100% | 100% | ||||||||||
| Shared services: | ||||||||||||
| IceCap Ltd., Guernsey | 100% | 100% | ||||||||||
| Icelandair Shared Services ehf. | 100% | 100% | ||||||||||
The subsidiaries own 18 subsidiaries that are also included in the consolidated financial statements.
In the beginning of the year, Icelandair Technical Services ehf. was merged with Icelandair ehf. and Blue Cargo ehf. was merged with Bluebird Cargo ehf.
