Icelandair Group is the holding company of Icelandair and other travel industry companies. Founded in 1983 and based in Reykjavik, the group currently operates five subsidiaries including Icelandair, Icelandair Cargo, Iceland Travel, Loftleidir Icelandic and VITA. Icelandair secured a 51% stake in Cabo Verde Airlines in Mar-2019, through subsidiary Loftleidir Cabo Verde.
In Mar-2020, Icelandair integrated Air Iceland Connect into the operations of Icelandair. The air operators certificate of Air Iceland Connect will remain separate and its crew members will remain employed by the company.
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