Icelandair buys 49% stake in Fly Play Europe Holdco for USD 686,000

• Icelandair completed the acquisition of a 49% stake in Fly Play Europe Holdco for USD 686,000.
• Target owns Fly Play Europe Limited in Malta, which holds a Maltese air operator certificate.
• Deal provides access to an additional European AOC to increase operational flexibility, streamline Iceland operations, support international growth.
• Icelandair secured options to raise its stake later under a shareholders’ agreement and financing arrangements.
• Completion remains subject to agreement with Maltese aviation authorities on continued use of the AOC.

Disclaimer: This news brief was created by Public Technologies (PUBT) using generative artificial intelligence. While PUBT strives to provide accurate and timely information, this AI-generated content is for informational purposes only and should not be interpreted as financial, investment, or legal advice. Icelandair Group hf. published the original content used to generate this news brief on August 20, 2026, and is solely responsible for the information contained therein.