Icelandair will be facing hard competition from BA The airline British Airways have reported that they will start flying between Iceland and Gatwick airport, London. British Airways said they will provide the service five times a week; the first flight is scheduled March 26, 2006.  Until now, only two airlines have been flying between the UK and Iceland with passengers: Icelandair, the oldest and biggest airline     in Iceland, and Iceland Express, a recent low-fare airline and the competition between them has been fierce . BA to fly to Iceland Icelandair's PR, Guðjón Arngrímsson, said that Icelandair welcomes the competition and believes Icelandair can compete with BA: "This markethas been growing rapidly. Iceland has been well marketed in London and Britain as a whole so number of passenger has been rising fast. We're always ready for morecompetition on every route between Iceland and other countries. We're ready and willing to compete here as we are on other routes" Arngrímsson said.%DIFDELCMD < %DIFDELCMD < %%% Birgir Jónsson at Iceland Express agrees. "Iceland Express welcomes the competition without a doubt." He then added, "The competition will benefit us all" . Iceland Express, low fare airline, ready to take on BA British Airways have reported the tickets will cost about €291.
 I-Holding ehf, a Icelandic investment company owned by Baugur Group, Straumur investment bank, B2B Holdings and Birgis Bieltvedts, has bought 80\% in Illum warehouse in Denmark from Merrill Lynch International Global Principal Investment. The same group recently bought Wessel Vett A/S and Magasin du Nord, so it already owned 20\% in Illum. Illum will be run separately from Magasin du Nord. Illum reported a profit and 11\% gain in sales the first 3 months of 2005. Skarphéðni Berg Steinarssyni from Nordic Investment at Baugur Group said the danish retail market is increasing and they believe in Illum because it's a well known brand in Denmark. Icelanders invest in Denmark and UK Icelandic companies have been investing heavily in Denmark for the last few years. Recently the Fons Investment ehf. bought the Danish airlines Sterling Air and Mearsk Air. Eimskip, a shipping company in Iceland, recently bought the shipping division of Mearsk. I-Holdings have been investing heavily in the Denish retailer market . %DIFDELCMD < %DIFDELCMD < %%% Baugur Group, as well as FL Group, have been investing in the UK market . FL Group has bought 11\% in easyJet.com and has shown an interest in buying more. Baugur Group has been investing in the retailer market and has bought among other things Iceland supermarket chain as well as Hamleys, a well known toy store.
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Icelandair will be facing hard competition from BA
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The airline British Airways have reported that they will start flying between Iceland and Gatwick airport, London. British Airways said they will provide the service five times a week; the first flight is scheduled March 26, 2006.
I-Holding ehf, a Icelandic investment company owned by Baugur Group, Straumur investment bank, B2B Holdings and Birgis Bieltvedts, has bought 80\% in Illum warehouse in Denmark from Merrill Lynch International Global Principal Investment. The same group recently bought Wessel
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Vett A/S and Magasin du Nord, so it already owned 20\% in Illum.
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Until now, only two airlines have been flying between the UK and Iceland with passengers: Icelandair, the oldest and biggest airline
Illum will be run separately from Magasin du Nord.
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Illum reported a profit and 11\% gain in sales the first 3 months of 2005.
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Skarphéðni Berg Steinarssyni from Nordic Investment at Baugur Group said the danish retail market is increasing and they believe in Illum because it's a well known brand in Denmark.
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Icelanders invest in Denmark and UK
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Icelandic companies have been investing heavily in Denmark for the last few years. Recently the Fons Investment ehf. bought the Danish airlines Sterling Air and Mearsk Air. Eimskip, a shipping company
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and Iceland Express, a recent low-fare airline and the competition between them has been fierce
recently bought the shipping division of Mearsk. I-Holdings have been investing heavily in the Denish retailer market
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BA to fly to Iceland
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Icelandair's PR, Guðjón Arngrímsson, said that Icelandair welcomes the competition and believes Icelandair can compete with BA: "This markethas been growing rapidly. Iceland has been well marketed in London and Britain as a whole so number of passenger has been rising fast. We're always ready for morecompetition on every route between Iceland and other countries. We're ready and willing to compete here as we are on other routes" Arngrímsson said.
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Birgir Jónsson at Iceland Express agrees. "Iceland Express welcomes the competition without a doubt." He then added, "The competition will benefit us all"
Baugur Group, as well as FL Group, have been investing in the UK market
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Iceland Express, low fare airline, ready to take on BA
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British Airways have reported the tickets will cost about €291.
FL Group has bought 11\% in easyJet.com and has shown an interest in buying more. Baugur Group has been investing in the retailer market and has bought among other things Iceland supermarket chain as well as Hamleys, a well known toy store.